Retirement Planning

Kiewit’s 401(k) retirement plan is one of the best available. The company helps you reach your long-term savings goals by providing:

• A dollar-for-dollar match on contributions up to 6% of your weekly base pay wages*
• An annual discretionary contribution of up to 4% of base pay, depending on company performance
• Ability to roll over pretax and Roth after-tax money from a previous employer’s plan to your Kiewit account

How it works

• Eligible employees can participate on the first day of the month following one month of continuous employment.
• Once you are eligible, you will receive an enrollment packet from Fidelity Investments and will be enrolled automatically with a 6% contribution.
• You can make changes to the automatic enrollment by calling 800-835-5095 or by registering at netbenefits.com.
• You will become fully vested in company contributions after five years of service, where one year of service consists of at least 1,000 hours worked in that calendar year.

The Kiewit Student Loan Matching Program is designed to help employees pay off their student loans and save for the future.

• It is available to employees who are eligible for the U.S. 401(k) employer matching program.
• Kiewit treats your monthly student loan payment like a retirement contribution and provides a match that goes into your 401(k) account after the end of the plan year.
• Program serves as a great head start when it comes to saving for retirement.
• It can also provide a boost to employees who have been contributing to their 401(k) but can’t meet the full match.
• You will become fully vested in your matching contributions after five years of service, where one year of service consists of at least 1,000 hours worked in that calendar year.

To qualify, federal or private (including state) student loans must be taken out in your name and serviced by a U.S.-based loan service provider and used to pay for you, your spouse, or your dependent’s undergraduate or graduate higher education.

Enrollment information has been sent to eligible employees. Learn more about the program in this video.

Salaried staff employees who have been with Kiewit three years or more may be entitled to purchase company shares as part of the employee ownership program.

• Becoming an employee-owner is an honor, based on personal performance and responsibility.
• Employee owners are no longer eligible for the company matching contribution program or annual discretionary contribution and it’s not pro-rated. 
• If you’re a Kiewit employee-owner, refer to the Employee Ownership site for more information.  

Fidelity offers the information and tools you need build confidence and take control of your finances. Visit netbenefits.com to:

• Create a personalized action plan to reach your financial goals
• Set and track goals
• Create investment strategies
• Track savings, spending and debt
• Access the latest educational information and planning tools
• Get tips, insights, resources and tools to guide you through major life events