From a3c6c0844c5ad34abb4ef03a1e8da425c6a235c4 Mon Sep 17 00:00:00 2001 From: Dottie Guy <127885231+dottiebobottie@users.noreply.github.com> Date: Tue, 19 Mar 2024 14:38:27 -0700 Subject: [PATCH] Update pay-and-benefits.md Changed 6% to 3% regardless of contrubution --- sections/pay-and-benefits.md | 4 +--- 1 file changed, 1 insertion(+), 3 deletions(-) diff --git a/sections/pay-and-benefits.md b/sections/pay-and-benefits.md index 99c50c5..93f9a2a 100644 --- a/sections/pay-and-benefits.md +++ b/sections/pay-and-benefits.md @@ -16,14 +16,12 @@ On your work anniversary ๐ŸŽ‰, youโ€™ll receive a 2.5% annual cost-of-living inc Bloom matches 100% of retirement plan contributions up to 6% of your salary. -๐Ÿ‡บ๐Ÿ‡ธ Guideline, our 401k admin, will reach out to you directly to set up your account after you join Bloom. Our plan automatically enrolls you for the maximum matched withholding amount (6%), but you can adjust this amount by logging into Guideline. +๐Ÿ‡บ๐Ÿ‡ธ Guideline, our US 401k admin, will reach out to you directly to set up your account after you join Bloom. Our plan has a 3% match, regardless of contribution. ๐Ÿ‡จ๐Ÿ‡ฆ Remote.com will provide instruction on enroling in an RRSP serviced by CanadaLife. During enrolment, you can adjust your contribution amount, but you should make sure that your contribution falls under the CRA maximum limit or tax penalties might apply. Thereโ€™s no vesting period โ€” all of our employees are automatically 100% vested from the start. -*Starting on January 1, 2024, the 401k match will be 3% regardless of contribution. This change was made to create an additional week of office closure during the summer. For more information, see this [decision doc](https://docs.google.com/document/d/1DpkXkTlGqWEhbfQWY12ZzZYw870zk_ScQH4XncHyT4M/edit#heading=h.o0nvkdv8zref).* - ## Healthcare