401K:
- OPI sponsors a 401K plan administered through Fidelity.
- Employees are eligible to participate on their date of hire.
- OPI pays a profit sharing match to each employee employed on Dec 31.
- The profit sharing match is equal to 2% of the employee’s gross compensation for that fiscal year.
- You do not need to be contributing to the 401K plan to receive the match.
Dependent Care Reimbursement Account:
- Up to the IRS maximum ($2500 for single filers and $5000 for married filers) you can elect to make pre-tax payroll contributions to an account to be used for the reimbursement of dependent care expenses.
- OPI administers the plan which will reimburse eligible dependent care expenses if amounts deducted from payroll are available to reimburse those expenses. (Expense are paid out once the pre-tax payroll deducted funds are available to pay for those expenses).
