GreenWood, Inc. recently matched employee 401(k) contributions by 28% for the 2007 year end. This marked the third straight year employees have received this unprecedented match at the 28% level. Over the past 10 years, the 401(k) matching has averaged 25% for GreenWood employees participating in the retirement plan.
“We recognize that our ability to serve customers well is only as good as the people that comprise our company,” says Brad Wood, president of GreenWood. “Rewarding employees with an attractive retirement program is one way we demonstrate our appreciation for dedicated service and to encourage retention. Simply offering a program isn’t enough as we believe in reinvesting in the people that make GreenWood a great company.”
Investment options for retirement plan participants range from low-risk guaranteed interest funds to large cap growth and international funds. Employees are eligible to participate in GreenWood’s 401(k) program after 90 days of service.
