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Financial

401(k) Plan

Saving money is important and, preparing for retirement is essential. Contributing to the 401(k) part of the Plan provides you with an immediate and long-lasting advantage. Employees can contribute to their 401(k) account on a tax-deferred basis after having completed 30 days of employment. The Company supports employees’ participation through a matching formula.

  • Employee contributions: 100% fully vested
  • Company matching contributions: 100% ”immediate vesting”

Profit Sharing Plan

Profit Sharing is a fundamental belief and expresses the value we place in employees. Based on profits, the Company makes a ”generous annual contribution” to an employee’s 401(k)/Profit Sharing account. This contribution is based on business unit profitability and vests over time and the percentage is allocated evenly among all employees.

Cash Sharing

As with Profit Sharing, a portion of the profits are returned to employees twice a year ”in cash.” Taken with the 401(k) and Profit Sharing Plan contribution, IGT dramatically demonstrates its beliefs that people make the difference.

Though past performance is not an indicator of future performance, employees talk about the 401(k) company match, the profit sharing contribution and cash sharing as ”15 months pay for 12 months work.”

Employee Stock Purchase

Employees can participate in the growth of the Company through the Employee Stock Purchase Plan. The purchase price is determined by taking a 15% discount from the lower of the fair market value (closing price) of a share of IGT stock as of the first day of the Plan Year or on the last day of the Plan Year.

Employee Referral Program

Employees are encouraged to participate in IGT’s referral bonus programs by recommending qualified candidates for positions open within the Company. Current IGT employees who have referred applicants (who are subsequently hired to fill the eligible positions) will receive the appropriate referral bonus.

Educational 529 Plan

The Educational 529 Plan is provided to employees as means to help them save for their children’s or grandchildren’s college education in a flexible and affordable manner. The Plan allows employees to make post-tax contributions, while deferring federal income tax on earnings.

This Plan was made possible as a result of recent federal legislation created in response to state requests to assist families in affording the rising cost of higher education. It is maintained under the rules of Section 529 of the Internal Revenue Code. Most states have set up 529 plans with a financial partner. Employees can use the proceeds from the Plan at most accredited colleges, universities, and technical schools to pay for educational expenses.

Some states offer tax advantages but you have to participate in that state’s plan. IGT’s Plan, through Fidelity, is through the State of New Hampshire. The Plan provides you with the ability, through Fidelity, to research investment opportunities and diversify your investments among a broad range of investment opportunities.


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