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| INVESTMENTS |
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Highlights
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The Valassis benefits program is designed to meet the needs of our
associates and their families. It offers valuable resources to help
protect and enhance your financial security during your years with the
company and beyond. JPMorgan administers Valassis' Retirement Savings
Plan. The Employee Stock Purchase Program is also an excellent way to
invest in the company's future!
Some of the features of the programs are noted below.
Retirement Savings Plan - 401(k) Feature
- Pretax 401(k) contributions are deducted before you pay current
income taxes. Investments grow tax-deferred and are taxed only when
you take a distribution.
- Roth 401(k) contributions are after-tax contributions and are deducted
after you pay current income taxes. Your qualified distribution of
contributions and the earnings from your Roth are tax-free.
- Associate pretax and Roth 401(k) contributions in the combined amount
of $16,500 per year or $22,000 for those age 50 and over may be made.
Up to 50% of pay may be contributed.
- In-service withdrawal (age 59 1/2 and over only), loan and hardship
withdrawal features are available.
- A variety of investment options, including mutual funds, a money
market fund, age-based target funds and the company stock fund are
being offered.
Retirement Savings Plan - Profit Sharing Feature
- All associates who have met the profit sharing eligibility requirements
and are employed with Valassis on December 31st of each year are eligible
for any discretionary profit sharing contribution that is approved
by the board.
- Associates are not required to make 401(k) contributions to qualify
for the profit sharing contribution.
- All employer contributions to this plan are 100% vested after five
years of service. Prior service with legacy Valassis and legacy ADVO
will count toward the 5 years. Also, original service dates with subsidiary
employers will be recognized.
Employee Stock Purchase Plan
- All associates age 18 and over are eligible to participate
- Stock is purchased on an after-tax basis through payroll deductions
- Stock is purchased at the end of the month
- You can elect either a percentage of your pay or a fixed dollar
amount to invest (there is no minimum or maximum limit)
- You are eligible to participate on the first day of the month following
your date of hire
- There are no restrictions or holding periods on how long you need
to keep the stock before you sell it
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Summary
Plan Description
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Here
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