NAPLES, FL (April 28, 2022) In April, DeAngelis Diamond team members were delighted to receive their highly anticipated 401k match. Through the DD Wealth Builder Plan’s inaugural launch, DeAngelis Diamond more than tripled its 401k match to 167%. It’s one of the many ways DeAngelis Diamond is building a better future in construction and their team members’ lives.
By investing in the DD Wealth Builder Plan, team members receive a guaranteed 100% match up to 6% of their salary and an additional 100% discretionary match up to 4% of their salary based on company profits. Together these combine for a potential contribution of 10% of a team member’s salary.
“At DeAngelis Diamond, our team members come first, and we believe as a purpose-driven company, we have the best opportunity to help our people achieve their long-term financial goals. So, we created the DD Wealth Builder Program to have a significant and meaningful impact on the financial future of the people who have chosen to invest their careers at DeAngelis Diamond. This program has also given us a competitive advantage to recruit and retain the industry’s top talent who together help us fulfill our vision to build a better future,” said David Diamond, CEO/Co-Founder.
On pace to hire a hundred team members in 2022, DeAngelis Diamond is attracting and retaining high performers by offering above-market compensation, an innovative culture, and the industry’s best benefits. Success in the DD Wealth Builder Plan was achieved by launching a special task force, “Team Beni.” The task force comprises team members representing all departments and roles. Their task was to research the nation’s most admired companies and the benefits they offered and recommend the company launch an industry-leading 401k profit sharing and financial benefits package for all team members.
“I truly cannot thank you enough. Your generosity is above and beyond, and I appreciate you sharing your success with your employees. For years, at other employers, I didn’t contribute to the 401K because they had a minimum match or even zero match, so I chose to save outside of a 401K program. I’m glad as of last year I decided to participate in DD’s 401K,” Melissa McBride, Senior Estimator, had to say after receiving the email about the match deposit.
DeAngelis Diamond is an innovative, award-winning, national construction management firm specializing in commercial, multifamily, and healthcare construction with over 26 years of general contracting experience across the United States and the Caribbean Islands. It’s one of America’s fastest-growing companies, according to Inc. 5000, and is listed on ENR’s Top 400 Contractors list annually. DeAngelis Diamond’s mission is to develop authentic relationships and have a positive influence on everyone they meet. Visit deangelisdiamond.com for more information.