Retirement Benefits Eligibility
The Company offers you the opportunity to save money for a financially secure retirement through the BBU Savings Plan while reducing your taxable income. To learn more, visit the BBU Savings Plan page.
Have a 401(k) with your previous employer?
If you contributed funds to a 401(k) with your previous employer, you may consolidate your savings to potentially pay less in fees and allocate your savings among Company’s investment options. For more information on how to roll over your balance, visit the Fidelity website.
If you are a non-union full-time or part-time associate at a U.S. Bimbo Bakeries USA (BBU) and Bimbo Quick Service Restaurants (BQSR) (the “Company”) location and take no action within 60 days of your hire date, you will be automatically enrolled in the following programs:
- You will contribute 6% before-tax of your eligible pay in the Vanguard Target Retirement Date fund that covers your year of birth.
- You will be enrolled in the automatic increase feature, which increases your contribution rate by 1% each year until you are contributing 10% of your eligible pay.
You can manage your contribution rate or opt out of the automatic increase feature by visiting the Fidelity website. Please note that it may take up to 2 pay periods for your contribution change to take effect in your paycheck.
Company Match
The Company matches 100% of your BBU Savings Plan contributions up to 6% of your eligible pay. Consider contributing at least 6% to earn your full Company matching contribution.