This is basically 'free money' for the participant and indicates the value that CAPS places on its employees. With the additional contribution, the employees realize an enormous benefit that very few employers provide.
Houston, TX (PRWEB) August 08, 2013
Custom Air Products & Services, Inc. (CAPS), a leading commercial and industrial heating, ventilation and air conditioning (HVAC) company based in Houston, Texas is pleased to announce that on July 26, 2013, a discretionary contribution was made to the company’s 401K plan. This marks the ninth year in a row that the company has made an additional discretionary contribution into the plan. This contribution is in addition to the four percent company match that has been a part of the plan since 2007.
Since 2005, Custom Air Products & Services has made company contributions in excess of $2,000,000 into the plan. Currently, the plan has a total value in excess of $5,000,000.
Custom Air Products & Services CFO Bob Love stated, “This most recent contribution continues the company’s commitment to a well-rounded benefit package for us at CAPS. It has been a privilege to be a part of the company’s strong and solid growth over these last years. The 401K plan is just one of the benefits established or enhanced during this same time frame. CAPS' commitment and contributions to the 401K plan is truly amazing.”
Jack Schubert of Fred J. Schubert Insurance Agency, Inc., adviser for CAPS since 2005, also had this to say. “There are fewer employers providing their employees with a 401K plan to save for retirement and even fewer that offer a safe harbor plan which encourages employees to participate. Should the employee elect to contribute 5% of their pay into the 401K plan, CAPS will deposit up to 4% of the employee’s contribution into their 401K. This is basically ‘free money’ for the participant and indicates the value that CAPS places on its employees. With the additional contribution, the employees realize an enormous benefit that very few employers provide.”
Custom Air Products & Services, Inc. is a vibrant and growing organization and accepts applications submitted online at http://www.customairproducts.com/employment.html.
About Custom Air Products & Services
Custom Air Products & Services, Inc. is a full-service HVAC company that specializes in the design, construction, installation, modification, and servicing of industrial and commercial air conditioning equipment. CAPS employees are committed to providing exceptional custom design and quality workmanship at competitive prices.
Custom Air Products & Services currently occupies four modern facilities, totaling 150,000 square feet in size. These buildings include administrative and engineering offices, training facilities, a filter warehouse, and service shops for fabrication, manufacturing, and modifications. CAPS services are provided to customers throughout the United States and Mexico while their manufactured products have been delivered to sites around the world. Currently CAPS has equipment operating on six (6) continents and in 52 countries.
For more information, contact Custom Air Products at 713.460.9009 or visit them on the web at http://www.customairproducts.com.
If you’d like more information about this topic, please call Bea Amaya at 713.460.9009 or email her at bea(dot)amaya(at)customairproducts(dot)com.