Financial and retirement plans

Each June 30, Capital will contribute an amount equal to 15% of an associate's total annual compensation up to a contribution limit to a Master Retirement Plan (MRP) account. Associates decide how to invest this contribution, choosing from a selection of 24 mutual funds in the American Funds Group (the group of funds that Capital manages). Associates become vested in their accounts according to the following schedule:

A good way to save for retirement — without having to pay taxes on contributions and their earnings until they are withdrawn — is the 401(k) Tax Advantage Plan.

Associates and their family members may purchase mutual funds from the American Funds Group without paying a sales charge. Associates may also purchase funds through automatic payroll deductions, with a minimum monthly purchase of $50.

Associates can save money on many health care (medical, dental and vision), and dependent care expenses through Capital's Tax Advantage Reimbursement Accounts. These accounts allow the use of before-tax dollars to pay for certain health care expenses (not covered by any other plan) or eligible dependent care expenses. That means the money set aside in these accounts is completely tax-free.

Capital associates are automatically provided with company-paid life insurance equal to two times base salary, with a minimum benefit of $50,000, under the Group Life Insurance plan. An additional voluntary life insurance plan is also available.

As additional financial security for associates and their families, Capital also provides Group personal accident insurance and business accident insurance coverage.

Children of associates may be eligible to receive financial assistance from Capital for undergraduate college education. Associates must have two years of service to participate.