Retirement Planning
Retirement
Lhoist North America’s 401(k) plan offers automatic enrollment, a safe harbor company match, additional quarterly employer contributions, and pre-tax, Roth 401(k), and after-tax savings options.
Retirement
Plan Details
| Feature | Detail |
|---|---|
| Plan name | Lhoist North America 401(k) Plan |
| Plan type | 401(k) |
| Record keeper | T. Rowe Price |
| Website | rps.troweprice.com |
| Phone | 800-922-9945 |
| Eligibility | On your day of hire |
| Entry dates | On your day of hire |
| Employer match | Lhoist North America offers a safe harbor match. We will match 100% of the first 3% you contribute to the Plan and 50% of the next 2% (a total of 4%). You are 100% vested in the company match as soon as you contribute. |
| Automatic enrollment | Yes |
| Default contribution rate | 5% Pre-Tax |
| Auto enrollment starts | Within 30 days from your date of hire |
| Opting out | During the 30-day window, you can change your contribution rate, contribution type, investment election, or choose to OPT OUT of the plan completely before your first contribution is deducted from your paycheck. |
| Ways to contribute | Pre-tax - Tax-deferred contributions and earnings taxed at distribution. Roth 401(k) - Contributions taxed immediately, earnings tax-free for qualified withdrawals. After-tax - No taxes on withdrawal of contributions; earnings are taxable as ordinary income at the time of distribution. |
| Vesting applies to | Company match and 401(k) Supplemental Contribution |
| Rollovers | If you have an existing qualified retirement plan (pre-tax) with a previous employer, you may transfer that account into the plan any time. Contact T. Rowe Price at 800-922-9945 for details. |
| Investment guidance | The plan offers a selection of investment options. Contributions may default into an age-based T. Rowe Price Retirement Trust based on the year you’ll turn age 65. |
Plan name
- Detail
- Lhoist North America 401(k) Plan
Plan type
- Detail
- 401(k)
Record keeper
- Detail
- T. Rowe Price
Website
- Detail
- rps.troweprice.com
Phone
- Detail
- 800-922-9945
Eligibility
- Detail
- On your day of hire
Entry dates
- Detail
- On your day of hire
Employer match
- Detail
- Lhoist North America offers a safe harbor match. We will match 100% of the first 3% you contribute to the Plan and 50% of the next 2% (a total of 4%). You are 100% vested in the company match as soon as you contribute.
Automatic enrollment
- Detail
- Yes
Default contribution rate
- Detail
- 5% Pre-Tax
Auto enrollment starts
- Detail
- Within 30 days from your date of hire
Opting out
- Detail
- During the 30-day window, you can change your contribution rate, contribution type, investment election, or choose to OPT OUT of the plan completely before your first contribution is deducted from your paycheck.
Ways to contribute
- Detail
- Pre-tax - Tax-deferred contributions and earnings taxed at distribution. Roth 401(k) - Contributions taxed immediately, earnings tax-free for qualified withdrawals. After-tax - No taxes on withdrawal of contributions; earnings are taxable as ordinary income at the time of distribution.
Vesting applies to
- Detail
- Company match and 401(k) Supplemental Contribution
Rollovers
- Detail
- If you have an existing qualified retirement plan (pre-tax) with a previous employer, you may transfer that account into the plan any time. Contact T. Rowe Price at 800-922-9945 for details.
Investment guidance
- Detail
- The plan offers a selection of investment options. Contributions may default into an age-based T. Rowe Price Retirement Trust based on the year you’ll turn age 65.
Contribution Limits
| Limit | Amount |
|---|---|
| Deferred contribution limit - 2026 · 2026 | $24,500 |
| Catch-up limit (age 50+) - 2026 · 2026 | $8,000 |
| Higher catch-up limit (ages 60-63) - 2026 · 2026 | $11,250 |
Deferred contribution limit - 2026 · 2026
- Amount
- $24,500
Catch-up limit (age 50+) - 2026 · 2026
- Amount
- $8,000
Higher catch-up limit (ages 60-63) - 2026 · 2026
- Amount
- $11,250
Vesting Schedule
| Years of Service | Percent Vested |
|---|---|
| As soon as you contribute | 100% |
| 3 years of service | 100% |
As soon as you contribute
- Percent Vested
- 100%
3 years of service
- Percent Vested
- 100%
Employer Contribution
| Years of Service | Percentage |
|---|---|
| 1 to 4 years | 4% |
| 5 to 9 years | 6% |
| 10 to 14 years | 8% |
| 15+ years | 10% |
1 to 4 years
- Percentage
- 4%
5 to 9 years
- Percentage
- 6%
10 to 14 years
- Percentage
- 8%
15+ years
- Percentage
- 10%