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401K Savings & Profit Sharing Plan
The 401K Savings plan allows you to contribute up to 50% of your salary or the maximum legal limit. The Company’s profit sharing contribution is based on annual company profits. The Company will contribute, annually a minimum of 5% of the employee’s qualified earnings. There are a variety of investment options and the employee directs how they would like their money invested. The plan provides that 40% of the Company’s contribution is immediately and fully vested. The remaining 60% is deposited to the profit sharing account and is vested 20% per year after two years. You become eligible after completing one full calendar quarter.
Employee Stock Purchase Plan
The Employee Stock Purchase Plan allows full-time employees to become a shareholder of the Corporation by purchasing W.R. Berkley Corporation common stock through convenient payroll deductions.
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