Retirement Planning
No matter where you are in your career or what age you are, you should take advantage of the savings opportunities in the company’s 401(k) plan.
Retirement Planning
| Plan Detail | Detail |
|---|---|
| Plan Name | Lhoist North America 401(k) Plan |
| Provider | T. Rowe Price |
| Website | rps.troweprice.com |
| Eligibility Wait | 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%). |
| Vesting | You are 100% vested in the company match as soon as you contribute. You will be 100% vested in the 401(k) Supplemental Contributions after three years of service. |
| Automatic Enrollment | You will be automatically enrolled into the 401(k) Plan within 30 days from your date of hire. The default contribution rate will be 5% Pre-Tax and the investment will be placed in an age-based T. Rowe Price Retirement Trust based on the year you’ll turn age 65. 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. |
| Elective Deferral Limit | $24,500 * |
| Catch-Up (50+) | $8,000 * |
| Catch-Up (60-63) | $11,250 * |
| 401(k) Supplemental Contribution | In addition to the company’s 401(k) match for your contributions into the plan, Lhoist also provides a quarterly 401(k) Supplemental Contribution into your account. You ARE NOT required to participate in the 401(k) Plan in order to receive the 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. |
| Investments | It’s up to you how to invest the assets. The Lhoist North America 401(k) plan offers a selection of investment options for you to choose from. You may change your investment choices any time. For more details, visit rps.troweprice.com. |
| Changing or Stopping Contributions | You may change the amount of your contributions any time. Changes are effective as soon as administratively feasible and remain in effect until you modify them. You may also discontinue your contributions and start them again at any time. |
| Beneficiary | Please add your beneficiary information to ensure your 401(k) savings are distributed according to your wishes. |
Plan Name
- Detail
- Lhoist North America 401(k) Plan
Provider
- Detail
- T. Rowe Price
Website
- Detail
- rps.troweprice.com
Eligibility Wait
- 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%).
Vesting
- Detail
- You are 100% vested in the company match as soon as you contribute. You will be 100% vested in the 401(k) Supplemental Contributions after three years of service.
Automatic Enrollment
- Detail
- You will be automatically enrolled into the 401(k) Plan within 30 days from your date of hire. The default contribution rate will be 5% Pre-Tax and the investment will be placed in an age-based T. Rowe Price Retirement Trust based on the year you’ll turn age 65. 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.
Elective Deferral Limit
- Detail
- $24,500 *
Catch-Up (50+)
- Detail
- $8,000 *
Catch-Up (60-63)
- Detail
- $11,250 *
401(k) Supplemental Contribution
- Detail
- In addition to the company’s 401(k) match for your contributions into the plan, Lhoist also provides a quarterly 401(k) Supplemental Contribution into your account. You ARE NOT required to participate in the 401(k) Plan in order to receive the 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.
Investments
- Detail
- It’s up to you how to invest the assets. The Lhoist North America 401(k) plan offers a selection of investment options for you to choose from. You may change your investment choices any time. For more details, visit rps.troweprice.com.
Changing or Stopping Contributions
- Detail
- You may change the amount of your contributions any time. Changes are effective as soon as administratively feasible and remain in effect until you modify them. You may also discontinue your contributions and start them again at any time.
Beneficiary
- Detail
- Please add your beneficiary information to ensure your 401(k) savings are distributed according to your wishes.
*IRS has not yet announced 2027 contribution limits. Limits shown reflect current IRS limits and are subject to change.
| Years of Service | Percent Vested |
|---|---|
| Three years of service | 100% |
Three years of service
- Percent Vested
- 100%