SOURCE: Riverwood Solutions
MENLO PARK, CA--(Marketwired - Jan 7, 2014) - Riverwood Solutions, the innovator in managed supply chain services and operations consulting, today announced that it will offer its US based employees a tax-qualified, defined-contribution pension account as defined in subsection 401(k) of the Internal Revenue Taxation Code. Under the plan, retirement savings contributions made by Riverwood Solutions' employees will be matched by the company up to 5% of their annual income to a maximum pre-tax annual contribution of $17,500.
"I am extremely pleased to announce the addition of this significant employee benefit for all of our hardworking employees across the US," said Ron Keith, CEO of Riverwood Solutions Inc. "Our customers have come to expect a very high level of experience, expertise, and execution from our operating professionals and this requires us to recruit and retain the best talent across all levels of the organization. The addition of a 401(k) plan to our employee benefits package will help us continue to be a preferred employer for top manufacturing, operations, and supply chain talent in the US."
About Riverwood Solutions
Riverwood Solutions (www.rwsops.com) helps OEMs improve supply chain performance, optimize their operations, and maximize the value of their outsourced relationships. The company provides operations consulting and managed operations services to technology product companies globally. The company's proprietary and award winning HOST(SM) (Hybrid Outsourced Services Team) Model provides highly skilled local resources to help OEMs manage their supply base and improve supply chain performance without adding fixed internal infrastructure. Headquartered in Menlo Park, CA, Riverwood Solutions designs, optimizes, implements, and manages global supply chains from offices in the USA, Mexico, Switzerland, Singapore, and China for some of the world's leading OEMs and most promising start-ups.