The Parexel Retirement Savings Plan helps you prepare for retirement by offering a tax-advantaged way to save for your future financial needs. Setting aside as much as you can during your working years can greatly improve your quality of life later.
Key Features
- Choose to make before-tax contributions and/or after-tax Roth contributions, deducted from your paycheck.
- Auto-Enrollment of 3% of your contributions with an opt-out feature.
- Receive a company match of 100% of the first 3% of your contributions and 50% of the next 3% in those pay periods in which you contribute.
| % You Contribute | % Parexel Contributes |
|---|---|
| 1% | 1% |
| 2% | 2% |
| 3% | 3% |
| 4% | 3.5% |
| 5% | 4% |
| 6% | 4.5% |
100% vested after 3 years of continuous service.
| Percent Vested | Years of Service |
|---|---|
| 0% | 1 |
| 0% | 2 |
| 100% | 3 |