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This excerpt taken from the FTEK DEF 14A filed Apr 15, 2009. Retirement
Benefits
Fuel Tech has no defined benefit pension plan. Fuel Tech has a
401(k) Plan covering substantially all employees. The 401(k)
Plan is an important factor in attracting and retaining
employees as it provides an opportunity to accumulate retirement
funds. Fuel Tech’s 401(k) Plan provides for annual deferral
of up to $16,500 for individuals until age 50, $22,000 for
individuals 50 and older, or as allowed by the Internal Revenue
Code. Fuel Tech annually matches 50% of employee contributions
up to 6% of the employee’s salary, or a maximum annual
match of $7,350. Fuel Tech may also make discretionary profit
sharing contributions to the 401(k) Plan on an annual basis.
Matching and profit sharing contributions vest over a three-year
period.
This excerpt taken from the FTEK DEF 14A filed Apr 14, 2008. Retirement
Benefits
Fuel Tech has no defined benefit pension plan. Fuel Tech has a
401(k) Plan covering substantially all employees. The 401(k)
Plan is an important factor in attracting and retaining
employees as it provides an opportunity to accumulate retirement
funds. Fuel Tech’s 401(k) Plan provides for annual deferral
of up to $15,500 for individuals until age 50, $20,500 for
individuals 50 and older, or, as allowed by the Internal Revenue
Code. Fuel Tech annually matches 50% of employee contributions
up to 6% of employee salary or a maximum match of $6,750. Fuel
Tech may also make discretionary profit sharing contributions to
the 401(k) Plan on an annual basis. Matching and profit sharing
contributions vest over a three-year period.
This excerpt taken from the FTEK DEF 14A filed Apr 23, 2007. Retirement
Benefits
Fuel Tech has no defined benefit pension plan. Fuel Tech has a
401(k) Plan covering substantially all employees. The 401(k)
Plan is an important factor in attracting and retaining
employees as it provides an opportunity to accumulate retirement
funds. Fuel Tech’s 401(k) Plan provides for annual deferral
of up to $15,500 for individuals until age 50, $20,500 for
individuals 50 and older, or, as allowed by the Internal Revenue
Code. Fuel Tech annually matches 50% of employee contributions
up to 6% of employee salary or a maximum match of $6,750. Fuel
Tech may also make discretionary profit sharing contributions to
the 401(k) Plan on an annual basis. Matching and profit sharing
contributions vest over a three year period.
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