Page 19 - Future Steps
P. 19
2017 BENEFITS ENROLLMENT
Planning for Retirement Empower
To enroll in 403(b) visit
A consistent savings plan throughout your career is the foundation for www.empower-retirement.com
security during your retirement years. According to inancial experts, or call 800.338.4015 .
company sponsored plans may provide approximately 2/3 of the
necessary retirement income.
ROH/UTROP’s 403(b) plan is designed to help you reach your investment
goals. The plan offers tax advantages as well as a generous company
matching contribution. It is a great way to build up a solid retirement fund
through your working years.
Plan Highlights
You are eligible to participate and contribute to the plan immediately
upon hire and can join at any time
You will be eligible for the employer’s match after completing one year
of employment if you are at least 21 years old; matching will begin at
the beginning of the irst quarter after one year
You can contribute up to the maximum tax deferred amount allowed
by the Internal Revenue Service
ROH/UTROP will match 100% of up to 4 percent maximum of
contribution after completing one year of employment and 1,000
hours of service
Match contributions made by ROH/UTROP or credited interest
earnings become the employee’s according to a vesting schedule
Participant statements are issued on a quarterly basis
The plan is administered under a gradual vesting schedule
Less Than Two Years 0%
Two Years 20%
Three Years 50%
Four Years 75%
Five Years 100%
Participation is voluntary
You may change or stop your contributions at any time
REGIONAL ONE HEALTH 19
Planning for Retirement Empower
To enroll in 403(b) visit
A consistent savings plan throughout your career is the foundation for www.empower-retirement.com
security during your retirement years. According to inancial experts, or call 800.338.4015 .
company sponsored plans may provide approximately 2/3 of the
necessary retirement income.
ROH/UTROP’s 403(b) plan is designed to help you reach your investment
goals. The plan offers tax advantages as well as a generous company
matching contribution. It is a great way to build up a solid retirement fund
through your working years.
Plan Highlights
You are eligible to participate and contribute to the plan immediately
upon hire and can join at any time
You will be eligible for the employer’s match after completing one year
of employment if you are at least 21 years old; matching will begin at
the beginning of the irst quarter after one year
You can contribute up to the maximum tax deferred amount allowed
by the Internal Revenue Service
ROH/UTROP will match 100% of up to 4 percent maximum of
contribution after completing one year of employment and 1,000
hours of service
Match contributions made by ROH/UTROP or credited interest
earnings become the employee’s according to a vesting schedule
Participant statements are issued on a quarterly basis
The plan is administered under a gradual vesting schedule
Less Than Two Years 0%
Two Years 20%
Three Years 50%
Four Years 75%
Five Years 100%
Participation is voluntary
You may change or stop your contributions at any time
REGIONAL ONE HEALTH 19
