401(k)
Plexus wants you to be financially prepared when you are ready to retire, which is why we offer the Plexus Corp. 401(k) Retirement Plan—administered by T. Rowe Price.
Plan Features
- Matching contributions: Plexus matches 100% on the first 4% of pay you defer.
- Pre-tax contributions: Lower your current taxable income by making pre-tax contributions. You’ll defer taxes on your contributions, matching contributions and any investment earnings until you receive funds from your account.
- Roth contributions: Pay taxes on your contributions now so you can withdraw the funds tax-free in the future. Investment earnings will never be taxed if you meet certain distribution requirements. And you’ll defer taxes on your matching contributions, same as with before-tax contributions.
- Tax-free growth of investment earnings: As long as the money stays in your account, it is tax-free.
- Range of investment options: So you can choose the mix that’s right for you.
Catch-up contributions: If you are age 50 or older, you can make catch-up contributions up to the IRS limit. If you are age 60–63, you can make additional catch-up contributions up to the IRS limit.
Tuition Assistance & Student loan education
TUITION ASSISTANCE Plexus offers tuition reimbursement (maximum $5,250 per calendar year) of pre-approved expenses for courses that are part of certain degree-seeking programs. Eligible expenses include tuition, registration fees, application fees, book and study guide fees, lab fees and transcript fees. Ask your HR Partner for more information.
STUDENT LOAN EDUCATION
Log on to your account and then click the “Plan & Learn” tab on the homepage to find the Student Loan Center.
You’ll find:
• Insightful quick-read articles that clearly explain student loan issues and potential options.
• Free educational resources that may help if you are planning for and managing education costs while also saving for retirement.
Visit the link below to learn more.
Identity Theft Protection
Digital thieves constantly discover new ways to extract your personal information, open credit accounts in your name, sell your sensitive data on the dark web, and take over your financial accounts.
We offer comprehensive identity theft protection that monitors multiple gateways into your identity and credit and also alerts you of fraudulent activity.
Protection Services Include:
- Ability to see and control your personal data with Allstate Digital Footprint
- Identity, financial account, and credit monitoring
- Cyber protection tools designed to protect against online threats such as viruses, phishing attacks, malware, and more
- 24/7 support, plus fraud expense reimbursement
Legal Coverage
Legal insurance provides access to a network of participating attorneys for help with a wide range of legal matters, such as:
- Home and consumer (buying, selling, foreclosure and tenant disputes)
- Financial (debt collection, collections, contracts)
- Auto and traffic (traffic matters and license suspensions)
- Family (adoption, name change)
- Estate planning and wills (will, living will, health care power of attorney)
For more information, click the button below or call 1-800-248-9000.
plexus gives bACK
As a community partner, Plexus is committed to improving the communities where our team members work and reside.
Community service has a positive impact on everyone at Plexus and supports a continuous cycle of wellbeing that neither begins nor ends at our facilities. To provide additional engagement and involvement opportunities in our communities, Plexus provides eligible team members the opportunity to take up to eight hours of volunteer paid time off each calendar year.
The Plexus Community Foundation supports charitable giving on a large scale by donating to the charities and causes that are most important to our team members globally. Each site or campus receives a fixed amount of funds annually to give to charities of their choosing. In addition, sites and campuses will have the opportunity to gain additional funds based on volunteer time off hours contributed.
eMPLOYEE RESOURCE GROUPS
Our Employee Resource Groups (ERGs) tap into leadership, growth and development opportunities in a unique setting.
Each ERG celebrates the diversity of our company, contributes to the communities where we live and provides its members the ability to collaborate across functions and locations. The organic, team member-driven nature of these groups—with direct support and engagement from executive leadership—has delivered a wide-reaching positive impact across Plexus and its stakeholders. Plexus has five established ERGs: Plexus Pride, Plexus Veterans Network, Plexus Young Professionals, UnusPlexus and Women in Network.
More information on each ERG can be found on Connect.
PAID TIME OFF
Plexus recognizes the importance of team member well-being and offers a Paid Time Off (PTO) policy to provide our team members with time to rest, recharge, and pursue personal interests. This time off allows team members to return to work refreshed and engaged, contributing to their overall wellbeing and productivity.
All Plexus full-time and part-time team members are eligible for PTO as of their date of hire. Part-time team members accrue a prorated amount based on their full-time equivalent percentage.
Click below to see the PTO accrual schedule.
ABOUT THIS DIGITAL BENEFITS HUB: Actual plan provisions for PLEXUS (“the Company”) benefits are contained in the appropriate plan documents, including the Summary Plan Description (SPD) and incorporated benefit/carrier booklets. The Digital Benefits Hub is a summary only and does not describe each benefit option. This Digital Benefits Hub provides updates to your existing SPD as of the first day of the plan year, which describes your health and welfare benefits in greater detail. Until the Company provides you with an updated SPD, this Digital Benefits Hub is intended to be a Summary of Material Modification (SMM) and should be retained with your records along with your SPD. As always, the official plan documents determine what benefits are available to you. If any discrepancy exists between this Digital Benefits Hub and the official documents, the official documents will prevail. The Company reserves the right to amend or terminate any of its plans or policies, make changes to the benefits, costs, and other provisions relative to benefits at any time with or without notice, subject to applicable law.