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Update 401(k) auto-enroll info (#31271)

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Steven Palmesano 2025-07-26 17:35:04 -05:00 committed by GitHub
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handbook/company/communications.md
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@ -825,7 +825,7 @@ Fleet gives new parents six weeks of paid leave. After six weeks, if you don't f
### Retirement contributions
**US based team members:** Starting August 2023, Fleet offers the ability for US based team members to contribute to a 401(k) retirement plan directly from their salary. Team members will be auto-enrolled in our plan with Guideline at a default 1% contribution unless they opt out or change their contribution amount within 30 days of commencement. Fleet currently does not match any contributions made by team members to 401(k) plans.
**US based team members:** Starting August 2023, Fleet offers the ability for US based team members to contribute to a 401(k) retirement plan directly from their salary. Team members will be auto-enrolled in our plan with Guideline at a default 3% contribution unless they opt out or change their contribution amount within 30 days of commencement. Auto-enrolled employee’s contributions will increase by 1% every year, on January 1, until 10% is reached. Fleet currently does not match any contributions made by team members to 401(k) plans.
**Non-US team members**: Fleet meets the relevant country's retirement contribution requirements for team members outside the US.