Financial Benefits
Daymon Worldwide Inc. 401(k)
Profit Sharing Plan
For U.S. Associates, through the Daymon Profit Sharing Plan, Daymon offers a leading-edge 401(k) plan. Associates can contribute up to 75% of eligible compensation on a before-tax basis up to amounts permitted by federal regulations. For eligible Associates, Daymon offers a discretionary match, on the first 6% of pay an Associates contributes to the plan.
The plan provides investment diversification and flexibility, with over 15 investment funds, and income protection features such as an annuity rollover option at retirement.
Daymon Employee Stock Ownership Plan
Daymon Worldwide Inc. is an Employee-Owned company. Eligible associates of Daymon Worldwide have the opportunity to participate in the Daymon Employee Stock Ownership Plan (ESOP). The ESOP is a powerful mechanism designed to financially reward all employee-owners while at the same time motivate them to maintain a high level of commitment. The ESOP provides an environment which encourages all employee-owners to positively influence the company's performance and its value.
Stock Ownership is important to both the company and the associate. Ownership provides employees with a stake in the company. No one has a stronger interest in caring for and promoting the business of Daymon than those who benefit from its growth. That's the concept behind the ESOP - as owners, employees see the benefit derived from their efforts. The ESOP provides the proper environment for all employee-owners to positively influence the company's performance and consequently its value.