Page 24 - 2023 SpeciatlyCare Benefit Guide

2023 Benefits Guide

401(k) Retirement Savings Plan

The SpecialtyCare 401(k) Retirement Savings Plan offers a convenient way to save for your future through payroll
deductions.

Eligibility

Associates regularly scheduled to work 20 hours or more each week and have completed 90 days of service are
eligible to participate in SpecialtyCare's 401(k) Savings Plan with Fidelity.

Employee Contributions

Contributions from your payments are made on a pre-tax basis–up to the IRS annual limit. If you are 50 years of
age or older (or reach age 50 by the end of the year), you may make a catch-up contribution to a maximum of
$7,500 annually in addition to the standard IRS annual limit of $22,500.

Employer Match
Vesting Schedule for Company Match
SpecialtyCare matches up to 50% of eligible participants' first Vested Amount of Company
7% of associate contributions. Years of Service Match

Participation in the 401(k) Savings Plan is voluntary; however, if Less than 1 year 0%
associates do not make an election, they will be enrolled
automatically in the plan with a deferral percentage of 3% of pay. Less than 2 years 20%
Automatic deferrals are deducted from paychecks pre-tax and
deposited on the associates' behalf into the plan. Less than 3 years 40%
FOR MORE INFORMATION Less than 4 years 60%
For additional details about the 401(k) Retirement Savings Plan or to
enroll or change your contribution or nvestment elections, please Less than 5 years 80%
i
refer to www.netbenefits.com.
After 5 years 100%

Adoption

Associates are eligible for reimbursement up to a maximum of $2,000 in adoption assistance benefits to help
offset qualified expenses associated with adopting a child not related to either the Associate or their spouse.

Details of the Adoption Assistance Plan and Reimbursement Forms are available on the ABOUT YOU website or
in the SharePoint Benefits folder.

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