SPEC Kit 320: Core Benefits · 35
If you answered No, please skip to the Deferred, Early, and Phased Retirement section of the
survey.
Please indicate whether each of the following types of defined contribution plan is offered to library staff. For each type of plan that
is offered, please enter the number of years of employment required for vesting, the maximum percentage of the employee’s salary
that the employer will contribute, and where applicable, whether an employee contribution is required.
11. Is a 401(k) plan offered to library staff? N=45
Yes 7 16%
No 38 84%
Vesting period in months N=5
Months Responses
0 3
12 1
36 1
Maximum %of salary contributed by employer N=7
Percentage Responses
0 3
5 1
6 1
6.4 1
10.4 1
Is an employee contribution required to participate? N=7
Yes 5 71%
No 2 29%
12. Is a Roth 401(k) plan offered to library staff? N=45
Yes 5 11%
No 40 89%
If you answered No, please skip to the Deferred, Early, and Phased Retirement section of the
survey.
Please indicate whether each of the following types of defined contribution plan is offered to library staff. For each type of plan that
is offered, please enter the number of years of employment required for vesting, the maximum percentage of the employee’s salary
that the employer will contribute, and where applicable, whether an employee contribution is required.
11. Is a 401(k) plan offered to library staff? N=45
Yes 7 16%
No 38 84%
Vesting period in months N=5
Months Responses
0 3
12 1
36 1
Maximum %of salary contributed by employer N=7
Percentage Responses
0 3
5 1
6 1
6.4 1
10.4 1
Is an employee contribution required to participate? N=7
Yes 5 71%
No 2 29%
12. Is a Roth 401(k) plan offered to library staff? N=45
Yes 5 11%
No 40 89%
