At EMC, we are committed to promoting our employees' financial health. That's why we offer a variety of investment plans:
As an employee you may contribute, on a pre-tax basis, one to 50 percent of your eligible compensation, up to the IRS dollar limit. Also, eligible participants ages 50 and up may contribute additional catch-up contributions. Employees can choose from a range of funds. EMC matches contributions to six percent of eligible compensation up to $750 per quarter.
You may purchase EMC stock at a discount: 85 percent of the stock price at the ending of a six-month option period. After three months of continuous service you can begin contributing two to 15 percent of eligible compensation up to a maximum of $7,500 during each six-month offering period to purchase up to 750 shares of EMC common stock.
You may save up to $230,000 per child through a plan where investments grow tax-deferred. Withdrawals are exempt from Federal income tax when used for qualified higher education expenses for your child, grandchild, or other family member.
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