401(k) Benefit
The DRS Retirement/Savings Plan a way for you to use pre-tax money to save for your retirement while earning interest and receiving free money through the employer match. With this is qualified 401(k) plan, you may contribute a certain percentage of your eligible pay on a pre-tax basis, up to the annual IRS dollar limit, with immediate vesting. DRS may make a discretionary pre-tax matching contribution equal to a percentage determined by a pre-defined formula, which is vested based on years of service with the Company. The DRS Retirement/Savings Plan offers an array of investment choices and provides significant tax benefits to participants.
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