FINANCIAL BENEFITS
Hamilton Lane 401(k)
HL offers a 401(k) Retirement Plan for employee to participate from their first day of employment. Below is an overview of the program:
Eligible Employees: Permanent employees who work 1,000 hours or more a year may participate in the Retirement Plan.
Automatic Enrollment: If employees don’t make their contribution and investment elections within their first 30 days of employment, Principal will automatically enroll them at a 6% deferral rate and select a Vanguard Target Dated Fund.
Annual Auto-escalation: Each year, on April 1st, individual deferral rates will be increased by 1% unless the auto escalation is turned off or it maxed out at 10%.
Hamilton Lane Profit Sharing
At time of enrollment, Hamilton Lane will begin to contribute 3% of your compensation up to the annual IRS plan limits.
You are eligible for this discretionary contribution regardless of whether you contribute to your 401(k) plan. The money Hamilton Lane contributes per payroll to your account becomes yours according to the vesting schedule below.
Hamilton Lane Employee Stock Purchase Plan
The Hamilton Lane Employee Stock Purchase Plan (ESPP), administered by Morgan Stanley, is a voluntary benefit program that allows you to buy shares of HL stock at a 15% discount with funds you contribute through after-tax payroll deductions, allowing you to participate in the financial performance of the company. Contributions can be between 1% and 50% of your base salary. Employees can participate and join at any time prior to the first date of the quarterly offering period.
