Retirement

The qualified retirement plan is an easy way to save for your future. For details on eligibility and enrollment in the Imperial Electric Company Employee Money Purchase Benefit Plan, contact your local HR partner.
 

401(k) Contribution Limits

• Employee contribution limit: $24,500
• Catch-up contributions for employees 50 and older: $8,000
• Catch-up contributions for employees 60–63: $3,250 (on top of the $8,000 catch-up contribution)
• Please note: If you made $145,000+ in FICA wages in 2025, catch-up contributions in 2026 must be made to a Roth source