Boston Scientific recognizes the importance of saving for retirement, whether you’re just starting out in your career, midway through your working years, or close to retirement. The Boston Scientific Corporation 401(k) Retirement Savings Plan (the “Plan”) offers one way to save for your retirement so that you’ll be prepared when the future arrives.
Save up to 50% of your pay, and if you're age 50 or older, you may also make catch-up contributions to your account each year (up to the annual IRS limit). You’ll receive a company match on the first 6% of your contributions, as shown in the chart below.
| For every dollar you contribute... | BSC contributes to your account (on a pre-tax basis)... |
|---|---|
| Up to the first 1% of your pay | $2 |
| Up to the next 1% of your pay | $2 |
| Up to the next 1% of your pay | $0.50 |
| Up to the next 1% of your pay | $0.50 |
| Up to the next 1% of your pay | $0.50 |
| Up to the next 1% of your pay | $0.50 |