We're excited to announce the launch of the Lilly Enterprises, Inc. 401(k) Plan—a 2025 benefit designed to help eligible employees plan for a secure financial future. 

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Here are some of the highlights of this program:

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• Employee Contributions: You can contribute up to 100% of your pre-tax or after-tax (Roth) compensation within federal limits and adjust your contributions each pay period.

• Employer Matching & Contributions: The company will provide a 50% match up to 10% of your employee contribution. 

• Vesting: Your contributions are immediately 100% vested, and employer contributions will vest gradually over 1-5 years (20% per year).

• Eligibility: Store Managers, Department Managers, and Administrative employees are eligible to join the plan upon reaching age 18 and completing 90 days of service. 

• Rollover Options: If you've participated in another retirement plan, you may be able to roll over your account into this plan.

• Investment Choices: You can direct your investments to various options that best suit your financial goals.

• Access to Funds: You can access your funds under specific circumstances, such as retirement, termination of employment, or hardship.

 

This plan provides an excellent opportunity to take control of your financial future while enjoying potential tax benefits and company support. Below is the Annual Notice and SPD. As well as a video on how to log in and access this benefit. For questions, please get in touch with our Plan Administrator at holly.blong@lillyent.com or 903-677-4806.

We look forward to seeing everyone take advantage of this valuable benefit!