Retirement Benefits

Pension Plan - Legg Mason Investments

Employees become eligible for the plan immediately upon hire. Employees are eligible for the company's contribution at the completion of one year of service (1000 hours) within each calendar year. The company contributes an amount equal to 4% of eligible compensation.

Participant's vesting equals 20% after 2 years of service, 40% after 3 years of service, 60% after 4 years of service, 80% after 5 years of service, and 100% after 6 years of service.

401(k) Profit Sharing Plan - Legg Mason Investments

Employees become eligible for the plan immediately upon hire. Employees are eligible to contribute tax deferred contributions to the plan and roll over existing 401(k) funds immediately upon hire. Employees are eligible for the company's matching contribution at the completion of one year of service (1000 hours) within each calendar year. The company contributes a dollar-for-dollar match to employees' contribution up to an amount equal to 4% of eligible compensation. Employees may elect to contribute more than 4% of your compensation to a level determined by IRS contribution requirements. Vesting is immediate.