2024 Savings & Investment (401k)

You have the opportunity to participate in the CoorsTek 401(k) Savings and Investment plan. Contributing is a great way to save for your future by utilizing valuable tax advantages as well as getting a boost with the CoorsTek matching contribution. Record keeping for the plan is done by Fidelity Investments. CoorsTek matches 100% up to 6% of your contributions.

2024 Contribution limit: $23,000
2024 Contribution limit for ages 50+: $30,500

The 2024 contribution limits are the maximum amounts an employee may contribute. They do not include the matching contributions from CoorsTek.

Roth 401(k)

Unlike a traditional pretax 401(k), the Roth 401(k) allows you to withdraw your money tax free when you retire*. But it will also require you to make after-tax contributions now.

Just as with a traditional pretax 401(k): You elect how much of your salary you wish to contribute. Your combined contributions to a Roth 401(k) and a traditional pretax 401(k) cannot exceed IRS limits. You are immediately 100% vested. These contributions are eligible for the company match.

*A distribution from a Roth 401(k) is federal tax free and penalty free, provided the five-year aging requirement has been satisfied and one of the following conditions has been met: age 59½, disability, or death.

Roth 401(k) Option Info Flyer (PDF, 116 KB)
Roth 401(k) FAQs (PDF, 379 KB)

You can access your account and manage your assets and investments at any time by visiting Fidelity at www.401k.com or obtain free one on one advice and assistance by calling 800-354-3964.

Fidelity also offers more than just 401(k) record keeping. Please review their additional resources below:

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