IAT 401(k) Plan

The 401(k)/Profit Sharing Plan is administered by Fidelity Investments. Full and part-time employees are eligible to join the 401(k) Plan. The plan has an automatic enrollment feature that enrolls employees at the 7% level after 31 days of employment. The company match is 100% of the first 7% of the employee’s contribution. The match is fully vested to the employee at the time of the contribution.

Employees may also participate in the Profit Sharing Plan and receive the Company Discretionary Contribution if they meet certain other eligibility requirements. You must be employed on December 31st of the plan year and achieved at least 1,000 hours of service during the plan year in order to be eligible for the Profit Sharing contribution. Vesting for this benefit is on a graduated scale.

The generous company match, profit sharing contributions, along with diverse investment options will help employees build wealth while building a career. IAT also provides access to important components to achieve retirement income goals such as financial planning, education and professional advice services.