Benefit-eligible associates, will be automatically enrolled in The Enhanced Capital Accumulation Plan for the Employees of The Fidelity Bank, managed by Principal Financial, with a contribution of 3% of eligible salary. Contributions will automatically increase by 1% each January until a 6% contribution rate is reached.
Associates become eligible for the company match one year after their benefits eligibility date (calculated using the seniority date). At that time, they will receive a 100% match on contributions up to 6% of pay. To maximize this benefit, associates are encouraged to contribute at least 6% of their pay.
No action is required unless you wish to make changes to contributions, investments, or roll over funds from a previous plan. Detailed information regarding rollover or mapping options will be provided to ensure continuity.
