401(k) Savings Plan
Whether you are just starting your career or retirement is on the horizon, invest in your future with our 401(k) Savings plan. Contributions can be deducted pre- or post-tax from each paycheck, and the amount can be changed at any time during the year.
Your funds will grow even faster, because Santen matches 100% of the first 5% of your contributions. Contributions are vested at 25% for each eligible year of service. Once you join the plan, you may direct your money into a variety of investments.
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| Before-Tax | Roth | Voluntary After-Tax |
|
| Contributions | Money is contributed on a before-tax basis. | Money is contributed on an after-tax basis. | Money is contributed on an after-tax basis. |
| Limits | $22,500 | $22,500 (Including Before-Tax Contributions) | $61,000 or 100% of pay. This amount will be reduced by any Deferral and Matching Contributions made to your account. |
| Catch-Ups | $7,500 (Including Roth Contributions) | $7,500 (Including Before-Tax Contributions) | N/A |
| Taxes on Employee Contributions | Contributions and their earnings are taxed when withdrawn. | No tax on contributions and no tax on earnings.* | No taxes on contributions, but their earnings are taxed when withdrawn. |
| Taxes on Employer Match | Match and earnings are taxable when withdrawn. | Match and earnings are taxable when withdrawn. | Match and earnings are taxable when withdrawn.* |
*Notably, under current laws, certain After-Tax funds can be rolled into a Roth IRA at the time of termination. This might be an important benefit to consider when determining how to contribute to the Santen 401k Plan.
Financial Planning
Through our partnership with Morgan Stanley, our 401(k)-investment advisor, all employees have access to financial planning services that include:
If you are interested in a financial planning consultation, please contact the Morgan Stanley team.
529 College Savings Plan
Through the American Funds/Capital Group who currently provides asset management for a number of investment options in the company’s 401k plan, the Company provides access to the American Funds 529 plan. 529 Plans are tax advantaged investment accounts designed to help individuals and families save for future education expenses. Please contact the Morgan Stanley team If you are interested in participating in this plan or if you have questions.
