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Old Republic 401(k) Savings and Profit Sharing Plan
Employees are immediately eligible to contribute between 1 and 100 percent of gross earnings in a traditional pre-tax 401(k) contribution and/or Roth 401(k) contribution up to annual IRS limits, after which contributions will be on a post-tax basis. With 1,000 hours worked in the calendar year, the first six percent of the employee’s plan-year contribution will be eligible to share in employer match and any employer discretionary profit-sharing contributions for that year, subject to applicable eligibility requirements and limits. Rights to any employer match or contributions begin vesting 20 percent after two years and 20 percent per year thereafter, with full (100 percent) vesting in six years. This plan accepts qualified rollovers from other sources.
Great West offers tax-advantaged, or pre-tax accounts that can help lower taxable income. Eligible employees may choose to contribute pre-tax money through payroll deductions for accounts such as a Health Savings Account (HSA) and a Health or Dependent Care Flexible Spending Account (FSA).
Eligible employees are automatically enrolled in our Basic Life insurance plan. They may also select additional coverage through our other life insurance plans for themselves, a spouse, or dependent children.
Great West offers a Long-Term Disability benefit option to eligible employees.
Employee Purchase + Discount Programs
Employees have access to various discount programs available through business partners.
The children and legal dependents of full-time employees who have been employed for a minimum of one year may apply for one of four $1,000 scholarships.