Retirement Plan

Investment professionals estimate that you’ll need approximately 70% of your pre-retirement income after you retire to maintain a similar lifestyle. Our 401(k) plan allows you to save money on a pre-tax basis through our payroll deduction system. It’s a great way for you to save for your future and reduce your current income tax liability.

WaferTech will instantly match the first 3% of each of your regular pay and/or bonus contributions dollar for dollar, and 50 cents on the dollar for the next 3% of your 401(k) contributions. If that wasn't enough, we have no vesting period for matched contributions. This means that matching dollars are immediately vested, and thereby immediately yours, upon receipt.

You have the option of investing your 401(k) contributions (up to 60% of salary) in one or more of the many investment funds available. For the savvy investor, we also provide a brokerage account option that provides access to thousands of mutual funds in which you can invest.

WaferTech’s 401(k) Plan also allows participants the flexibility to make Roth, or post-tax, contributions. This provides participants the benefit of withdrawing those contributions at retirement tax-free.

This is a lot of information to digest though, which is why we frequently invite our 401(k) service provider onsite to make financial seminars and individual financial consultations available for all employees.