retirement savings

Take your savings to the next level with matching contributions from ShopRite Supermarkets. Enrolling in your SRS retirement plan is one of the simplest ways to save for retirement.


Eligibility:

  • First Quarter following 12 months of service. 
  • 1000 hours of service and age 21. 
  • Entry into the Plan is quarterly, January, April, July and October

Coverage:  Employee pre-tax deferred contributions 1% to 15%

Cost: Participant payroll contribution

Matching: 40% of the Participant’s Basic Elective Deferral Contributions not in excess of 3% of the Participant’s Salary, plus 20% of the Participant’s Basic Elective Deferral Contributions in excess of 3% of the Participant’s Salary but not in excess of 6% of the Participant’s Salary. Thus, in no event shall Matching Contributions exceed 1.8% of such Participant’s Salary.

Cost: Company match paid by SRS

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