401k Annual Contributions
Vanguard
401k Annual Contributions | 401k Overview | 529 College Savings Plan
plan # 092133
Annual Employer Contributions
Annual contributions are fully funded by the Company.
Eligibility
All employees (excluding interns and co-ops) are automatically enrolled in the plan when they are hired. Employees must be on the Intact payroll on the last business day of the year to receive a contribution for that year.
Contributions
All annual contributions are made by the company. There are potentially two types of contributions: an annual fixed contribution and an additional variable contribution.
Fixed contribution – 3% of eligible compensation (earned base salary plus overtime pay) up to the Social Security wage base ($184,500 for 2026).
Variable contribution – 0% to 6% of eligible compensation (earned base salary plus overtime pay) up to the IRS defined compensation limit ($360,000 for 2026).
Typically both the fixed and variable contributions (if applicable) are made during the first quarter of the year following the calendar year for which a contribution is made. The variable contribution is determined by the Board of Directors based on to what extent the company has achieved its annual financial goals. Both the fixed and variable contributions will be invested based on the investment election each participant has on file with Vanguard.
All employees are eligible for the fixed contribution. Employees who participate in any long-term incentive plans are not eligible to receive a variable contribution.
Intact Insurance Specialty Solutions is the marketing brand for the insurance company subsidiaries of Intact Insurance Group USA LLC. Coverages may be underwritten by one of the following insurance companies: Atlantic Specialty Insurance Company, a New York insurer; Homeland Insurance Company of New York, a New York insurer; Homeland Insurance Company of Delaware, a Delaware insurer; OBI America Insurance Company, a Pennsylvania insurer; or OBI National Insurance Company, a Pennsylvania insurer. Each of these insurers maintains its principal place of business at 605 Highway 169 N, Plymouth, MN 55441. This material is intended as a general description of certain types of insurance coverages and services. Coverages and availability vary by state; exclusions and deductibles may apply. Please refer to your insurance policy or consult with your independent insurance advisor for information about coverages, terms and conditions. Some coverage may be written by a surplus lines insurer through a licensed surplus lines broker. Surplus lines insurers do not generally participate in state guaranty funds and insureds are therefore not protected by such funds.