401(k) retirement plan
We care about our employees’ financial security by providing a competitive 401(k) Plan.
Our 401(k) plan offers three ways to save for the future.
- Employee pre-tax or Roth contributions: Participants may defer up to 100% of pay, up to the maximum annual IRS allowable contribution.
- KFB’s matching contributions after 6 months of employment: Participants receive a match of 50% of the first 6% of pay the employee contributes and are 100% vested immediately.
- KFB’s profit sharing contribution: The profit-sharing contribution is based on years of service. Regardless of employee participation in the plan, KFB will contribute a percentage of your base pay to your 401(k) plan, as shown below. Profit Sharing contributions are 100% vested after 3 years.
|Years||% of pay contributed on your behalf|
|6 months up to 5 years||5%|
|5 years up to 10 years||8%|
|10 years +||10%|