401(k) Savings Plan

This plan allows you to save for retirement. Earnings and gains on both your, and any matching contributions, accumulate tax-free until withdrawn.

All regular full-time and part-time employees are eligible to join the Retirement Plan if you are at least 21 years old and have completed 30 days of continuous employment. Benefits begin the first of the month following 30 days of employment. You may contribute a percentage of your pay as a pre-tax contribution to the 401(k) or post-tax contribution to the Roth 401(k) by enrolling on the Fidelity website. You may add, change, or delete this contribution at any time. If you do not make an election, Edmund Optics will automatically enroll you with a 6% contribution, when you are eligible. If you do not make an investment election, your funds will be invested in the Qualified Default Investment Alternative (QDIA), the most conservative fund offered. You may log in to the Fidelity website or contact Fidelity by phone at any time to change these investment option.

Edmund Optics may provide a discretionary company matching contribution, depending on the economic times. For Plan Year 2026, Edmund Optics will match 50% of the employee’s contribution on the first 6% the employee contributes per pay period to their account. The 2026 IRS limit on elective deferrals is $24,500 for individuals under 50 years old. Individuals who are 50-59 & 64 or older can contribute an additional $7,500 as a catch-up contribution for a total of $32,000. Individuals who are 60-63 can contribute an additional $11,250 as a catch-up contribution for a total of $35,750.

While you always own 100% of your own contributions, you are vested as follows in the company’s matching contributions

Contribution limits

Catch-up contributions allow individuals age 50+ (who are closer to retirement) to save extra money for retirement—up to $7,500/year. Catch-up contributions must be pre-tax.

1% - 100% of your pay, up to $23,500 in 2025. Age 50+? You can contribute an extra $7,500/year in catch-up contributions. You can update or change your contribution amount at any time within the IRS annual limits.

What kind of contributions can I make?

Pre-tax contributions are made before taxes are applied to your pay. By contributing pre-tax, you defer paying taxes on contributions and earnings until you withdraw the money in retirement.

After-tax contributions are made after taxes have been applied to your pay. You pay income tax on the contributions now, so you only pay taxes on your account earnings when you withdraw money in retirement. 2014 after-tax limit is $52,000.

Roth contributions are a different kind of after-tax contribution. You pay income tax on the contributions now, but if you hold the account for at least 5 years, you will not pay taxes on account earnings (as long as you withdraw the money after age 59-1/2).

Pre-tax, after-tax

Company match

The Company will match a portion of your contributions to help you prepare for a financially secure retirement. Matching contributions will be invested the same as your personal contributions.

Edmund Optics may provide a discretionary company matching contribution, depending on the economic times. For Plan Year 2026, Edmund Optics will match 50% of the employee’s contribution on the first 6% the employee contributes per pay period to their account.

The 2026 IRS limit on elective deferrals is $24,500 for individuals under 50 years old. Individuals who are 50-59 & 64 or older can contribute an additional $7,500 as a catch-up contribution for a total of $32,000. Individuals who are 60-63 can contribute an additional $11,250 as a catch-up contribution for a total of $35,750.

Can I invest the money in my account?

You may change how your account is invested at any time. If you do not choose an asset allocation, your contributions and any matching contributions you receive will be invested in a target fund based on your age.

Yes. You choose how all money in your account is invested. You may change your investment allocation at any time.

Can I track my account online?

Yes, at https://nb.fidelity.com

When will my contributions be vested?

Vesting means you have a permanent right to the money in your account, and can take it with you if you leave. You are always 100% vested in contributions you make.
While you always own 100% of your own contributions, you are vested as follows in the company’s matching contributions:
- 2 years of service: 40% vested
- 3 or more years of service: 100% vested