Hourly
Full-Time Employees
Retirement Savings Plan
Employees are eligible to contribute to the plan from date of hire and may contribute either pre-tax or Roth (after-tax) up to the lesser of 50% of pay* or the federal allowable limits. Employees become eligible for company matching contributions immediately.**
*Pay eligible for deferral consists of base pay plus overtime. **If you were hired before July 1, 2003, different plan provisions may apply.
Vesting
There is a three-year cliff employment-vesting requirement on all company contributions. Your own contributions are always 100% vested.
Investments
You may direct investments among a wide range of investment options—short-term, indexed, lifestyle, growth and international funds. In addition, the CNH Plan offers the BrokerageLink® option, which allows you to self-direct investments to other funds.
Loans
You are allowed to borrow funds tax free from your vested account as long as funds, plus interest, are repaid when due. The funds are taken from your account and reduce your account balance until repaid. Interest paid back is deposited into your personal account. Loans are allowed, subject to certain conditions, from your account balance while you are employed. Loans consist of two types: general purpose and real estate. You may only have one of each type active at any time.
Costs
CNH and employees share in the cost of healthcare coverage. Monthly costs are based on the coverage level and plan you select. Employee deductions are divided equally and taken on a pre-tax basis from each paycheck. You can also avoid higher medical coverage costs by learning more about the tobacco surcharge and spousal surcharge.
Life, AD&D and business travel accident insurance
CNH automatically provides basic life and AD&D coverage in the amount of two times your salary, along with 24-hour protection while you're traveling on company business. CNH also provides the opportunity to purchase additional coverage.
Log on for your benefits information
Retirement Savings Plan
Employees are eligible to contribute to the plan from date of hire and may contribute either pre-tax or Roth (after-tax) up to the lesser of 50% of pay* or the federal allowable limits. Employees become eligible for company matching contributions immediately.**
- Company match on your regular pre-tax or Roth deferrals: CNH matches 300% on the first 2%, 100% on the next 2% and 60% on the next 2% you contribute.**
*Pay eligible for deferral consists of base pay plus overtime. **If you were hired before July 1, 2003, different plan provisions may apply.
Vesting
There is a three-year cliff employment-vesting requirement on all company contributions. Your own contributions are always 100% vested.
Investments
You may direct investments among a wide range of investment options—short-term, indexed, lifestyle, growth and international funds. In addition, the CNH Plan offers the BrokerageLink® option, which allows you to self-direct investments to other funds.
Loans
You are allowed to borrow funds tax free from your vested account as long as funds, plus interest, are repaid when due. The funds are taken from your account and reduce your account balance until repaid. Interest paid back is deposited into your personal account. Loans are allowed, subject to certain conditions, from your account balance while you are employed. Loans consist of two types: general purpose and real estate. You may only have one of each type active at any time.