Rivermark’s incentive plan provides discretionary rewards to employees for their contributions to the Credit Union. Payouts are based on achievement of specific quarterly performance goals.
401(k) Retirement Savings Plan
Eligible employees may defer up to 60% of their eligible pre-tax earnings into a 401(k) retirement savings plan. Contributions may begin the first day of the month after 90 days of employment.
After one year of service, Rivermark employees have the opportunity to receive employer contributions of up to 8%, including a profit share contribution equal to 4% of your gross eligible earnings and a Credit Union match of any 401(k) contributions you may make, dollar for dollar, up to your first 4%.
Our vesting schedule begins after two years of service. Employees are 100% vested in their 401(k) retirement savings plan after five years of service.
Flexible Spending Accounts
Rivermark recognizes the significant impact that may be realized by utilizing these tax-advantaged savings accounts. Set aside money from your pay on a tax-free basis and use those funds to reimburse yourself for eligible health and dependent care expenses.
** Specific information is outlined in Rivermark Community Credit Union’s plan documents. The Credit Union reserves the right to amend or discontinue any of the plans mentioned in this summary.