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Profit Sharing Program

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#FinancialPlanning #PayBenefits

DISH wants to reward your efforts to drive our success. Through profit-sharing, we help your retirement account grow without you having to contribute any of your own money. Each year, at the Board of Directors’ discretion, DISH may make a profit-sharing contribution to your 401(k) account. This is in addition to the company match, regardless of whether you contribute to the 401(k) plan. If the Board of Directors approves it, the profit-sharing contribution is typically made after the fiscal year has ended.

Profit Sharing

Profit Sharing Highlights

Plan Feature Benefit
Eligibility You must meet the eligibility requirements of the 401(k) plan, be an employee as of December 31 of the prior year, and be at least 19 years old.
Company Contributions At the Board of Directors’ discretion, DISH may make a contribution to your 401(k) account each year (which may be in the form of company stock), in addition to the company match that you may already receive. You do not need to contribute your own money to the DISH 401(k) plan to be eligible to receive the profit-sharing contribution.
Vesting Vesting means ownership. Your vesting of profit-sharing contributions increases 20% each year on the anniversary of your hire date, until you have 100% vesting after five years with DISH.
Enrollment Profit-sharing money goes into your 401(k) account and you receive profit-sharing automatically, if eligible, even if you do not enroll in the 401(k) Plan.

Details about the Contribution

If the Company makes a profit-sharing contribution, the amount will appear on your Fidelity statement. 

Any contributions are made once a year, usually the first week of April, based on the previous year’s financial performance. It is discretionary, meaning that the amount may change and, in some years, there may not be a contribution at all.