Financial / Contributions

Match contribution to 401(k):   Smiths Group matches 50% of the first 6% of base pay you contribute each pay period (paid on the pre-tax basic contribution only). Be sure to contribute at least 6% to take full advantage of the match!

Vesting: Vesting means you have a non-forfeitable right to the money in your account when you terminate employment. Beginning February 15, 2022 the Smiths Group Vesting schedule is as follows:

You are always 100% vested in your Pre-Tax (including Catch-Up Contributions), After-Tax, Roth and Rollover Contributions as adjusted for associated investment returns.

Your Matching Contributions, Employer Retirement Contributions (if any) and Profit Sharing Contributions (if any) as adjusted for associated investment returns will vest as follows:

• Less than 1 year of service – 0% vested
• At least 1 but less than 2 years of service – 50% vested
• 2 or more years of service – 100% vested

Please refer to plan documentation for more information.