Hanover, Pennsylvania-based Utz Brands will make an approximately $6 million profit sharing contribution for Utz associates. Started more than 40 years ago, the Utz 401K Profit Sharing Plan is committed to supporting Utz associates and their families based on the company meeting a range of corporate and operational goals.
Since 2000, the 401K profit sharing contributions for associates has exceeded $75 million.
This year’s 401K profit sharing plan contribution is the realization of continued retail success. This news follows on the heels of a number of announcements from Utz in the past year, including the company going public in August and the acquisition of consumer brand favorites On The Border chips and dips and Vitner’s.
Utz full-time and part-time associates are eligible for the Utz 401K Profit Sharing Plan based on their tenure. Some terms and conditions apply.
“Although the COVID-19 pandemic created tremendous hardships in 2020, due to the extraordinary efforts of our Utz associates, we were able to exceed our expectations while fulfilling our duty as an essential business. In addition, this resilient team integrated several snack food acquisitions and helped to launch our company on the public stage, now trading on the New York Stock Exchange under the ticker symbol UTZ,” said Jim Sponaugle, SVP of human resources for Utz Brands Inc. “In that spirit of can-do and as we begin to celebrate our 100-year anniversary, we’re extremely proud to continue the tradition of sharing the company’s success with associates.”
Utz Brands can be found in leading retailers across the United States or available online at Utzsnacks.com.
Utz operates 14 facilities located in Pennsylvania, Alabama, Arizona, Illinois, Indiana, Louisiana, Washington and Massachusetts.
