FL » Topics » Savings Plans

These excerpts taken from the FL 10-K filed Mar 30, 2009.

Savings Plans

     The Company has two qualified savings plans, a 401(k) Plan that is available to employees whose primary place of employment is the U.S., and an 1165 (e) Plan, which began during 2004 that is available to employees whose primary place of employment is in Puerto Rico. Both plans require that the employees have attained at least the age of twenty-one and have completed one year of service consisting of at least 1,000 hours. The savings plans allow eligible employees to contribute up to 40 percent and $9,000 as of January 1, 2009, for the U.S. and Puerto Rico plans, respectively, of their compensation on a pre-tax basis. The Company matches 25 percent of the first 4 percent of the employees’ contributions with Company stock and such matching Company contributions are vested incrementally over 5 years for both plans. The charge to operations for the Company’s matching contribution was $2.2 million, $1.8 million, and $1.9 million in 2008, 2007, and 2006, respectively.

Savings Plans


     The
Company has two qualified savings plans, a 401(k) Plan that is available to
employees whose primary place of employment is the U.S., and an 1165 (e) Plan,
which began during 2004 that is available to employees whose primary place of
employment is in Puerto Rico. Both plans require that the employees have
attained at least the age of twenty-one and have completed one year of service
consisting of at least 1,000 hours. The savings plans allow eligible employees
to contribute up to 40 percent and $9,000 as of January 1, 2009, for the
U.S. and Puerto Rico plans, respectively, of their compensation on a pre-tax
basis. The Company matches 25 percent of the first 4 percent of the employees’
contributions with Company stock and such matching Company contributions are
vested incrementally over 5 years for both plans. The charge to operations for
the Company’s matching contribution was $2.2 million, $1.8 million, and $1.9
million in 2008, 2007, and 2006, respectively.


Savings Plans


     The
Company has two qualified savings plans, a 401(k) Plan that is available to
employees whose primary place of employment is the U.S., and an 1165 (e) Plan,
which began during 2004 that is available to employees whose primary place of
employment is in Puerto Rico. Both plans require that the employees have
attained at least the age of twenty-one and have completed one year of service
consisting of at least 1,000 hours. The savings plans allow eligible employees
to contribute up to 40 percent and $9,000 as of January 1, 2009, for the
U.S. and Puerto Rico plans, respectively, of their compensation on a pre-tax
basis. The Company matches 25 percent of the first 4 percent of the employees’
contributions with Company stock and such matching Company contributions are
vested incrementally over 5 years for both plans. The charge to operations for
the Company’s matching contribution was $2.2 million, $1.8 million, and $1.9
million in 2008, 2007, and 2006, respectively.


These excerpts taken from the FL 10-K filed Mar 31, 2008.

Savings Plans

     The Company has two qualified savings plans, a 401(k) Plan that is available to employees whose primary place of employment is the U.S., and an 1165 (e) Plan, which began during 2004 that is available to employees whose primary place of employment is in Puerto Rico. Both plans require that the employees have attained at least the age of twenty-one and have completed one year of service consisting of at least 1,000 hours. The savings plans allow eligible employees to contribute up to 25 percent and 10 percent, for the U.S. and Puerto Rico plans, respectively, of their compensation on a pre-tax basis. The Company matches 25 percent of the first 4 percent of the employees’ contributions with Company stock and such matching Company contributions are vested incrementally over 5 years for both plans. The charge to operations for the Company’s matching contribution was $1.8 million, $1.9 million, and $1.6 million in 2007, 2006 and 2005, respectively.

Savings Plans


     The
Company has two qualified savings plans, a 401(k) Plan that is available to
employees whose primary place of employment is the U.S., and an 1165 (e) Plan,
which began during 2004 that is available to employees whose primary place of
employment is in Puerto Rico. Both plans require that the employees have
attained at least the age of twenty-one and have completed one year of service
consisting of at least 1,000 hours. The savings plans allow eligible employees
to contribute up to 25 percent and 10 percent, for the U.S. and Puerto Rico
plans, respectively, of their compensation on a pre-tax basis. The Company
matches 25 percent of the first 4 percent of the employees’ contributions with
Company stock and such matching Company contributions are vested incrementally
over 5 years for both plans. The charge to operations for the Company’s matching
contribution was $1.8 million, $1.9 million, and $1.6 million in 2007, 2006 and
2005, respectively.


This excerpt taken from the FL 10-K filed Apr 2, 2007.

Savings Plans

     The Company has two qualified savings plans, a 401(k) Plan that is available to employees whose primary place of employment is the U.S., and an 1165 (e) Plan, which began during 2004 that is available to employees whose primary place of employment is in Puerto Rico. Both plans require that the employees have attained at least the age of twenty-one and have completed one year of service consisting of at least 1,000 hours. The savings plans allow eligible employees to contribute up to 25 percent and 10 percent, for the U.S. and Puerto Rico plans, respectively, of their compensation on a pre-tax basis. The Company matches 25 percent of the first 4 percent of the employees’ contributions with Company stock and such matching Company contributions are vested incrementally over 5 years for both plans. The charge to operations for the Company’s matching contribution for the U.S. plan was $1.9 million, $1.6 million, and $1.3 million in 2006, 2005 and 2004, respectively.

This excerpt taken from the FL 10-K filed Mar 29, 2005.

Savings Plans

The Company has two qualified savings plans, a 401(k) Plan that is available to employees whose primary place of employment is the U.S., and an 1165 (e) Plan, which began during 2004 that is available to employees whose primary place of employment is in Puerto Rico. Both plans require that the employees have attained at least the age of twenty-one and have completed one year of service consisting of at least 1,000 hours. The savings plans allow eligible employees to contribute up to 25 percent and 10 percent, for the U.S. and Puerto Rico plans, respectively, of their compensation on a pre-tax basis. The Company matches 25 percent of the first 4 percent of the employees’ contributions with Company stock and such matching Company contributions are vested incrementally over 5 years for both plans. The charge to operations for the Company’s matching contribution for the U.S. plan was $1.3 million, $1.6 million and $1.4 million in 2004, 2003 and 2002, respectively.

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