401k Savings Plan Non-Discretionary. (Enhanced)
401k Savings Plan Non-Discretionary. (Enhanced) Contribution Non-grandfathered employees, those not participating in ORRCC Pension Plan for Grandfathered Employees, will be eligible for non-discretionary company contribution of 5.8% based on applicable base hourly rate (no shift differential), on hours worked to include overtime hours. Paid Time Off, lump sum payments, holidays, fringe benefits, disability pay, bonuses, incentives, and similar compensation will not be considered eligible compensation. The contribution percentage/amount will be determined by the Company annually prior to the beginning of the calendar year and will be consistent with the contribution percentage provided to FBP non- grandfathered salaried employees. The decision of the amount will be based upon operational budget and available funds, and the Department of Energy established benefit cost and value thresholds. The Company intends to continue the contribution at a viable rate.
