Page 23 - 2019 CareHere Enrollment Guide
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CAREHERE
401(K) RETIREMENT PROFIT SHARING
PLAN
Transamerica Retirement Solutions
Enroll at www.ta-retirement.com or call 800.401.8726. In-service Withdrawals
Loans
Who is Eligible? Minimum $1,000
You are eligible to participate in the plan as long as you are a CareHere Maximum $50,000 or 50%
employee of at least age 21, with 30 days of service. of your vested account
You may elect to defer either a dollar or percentage amount from your balance, whichever is lower
paycheck. One outstanding loan
You may choose to direct your deferrals as either traditional pre-tax or permitted at a time
post-tax (Roth) contributions. Full balance of loan due
60 days after termination,
The maximum deferral amount is set by the IRS and is $18,500, plus otherwise deemed a
an additional $6,000 if you are at least age 50 through the catch-up distribution and taxed as
provision. such
Financial hardships
Employer Contributions
The current matching employer contribution is 100% of pay up to 4% of Age 59.9 or older in-service
withdrawals
your pay and begins the first of the month in which you have one year of
service with 1,000 hours worked. Transamerica will mail your
Matching contributions are considered Safe Harbor and are immediately CareHere 401(k) Plan enrollment
vested. kit to your home address two
Vesting for profit sharing contributions, if made, is graduated, over a weeks prior to your eligibility date.
You must enroll directly through
6-year period. Transamerica's website to get started.
You can enroll anytime once you
meet your initial eligibility date.
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401(K) RETIREMENT PROFIT SHARING
PLAN
Transamerica Retirement Solutions
Enroll at www.ta-retirement.com or call 800.401.8726. In-service Withdrawals
Loans
Who is Eligible? Minimum $1,000
You are eligible to participate in the plan as long as you are a CareHere Maximum $50,000 or 50%
employee of at least age 21, with 30 days of service. of your vested account
You may elect to defer either a dollar or percentage amount from your balance, whichever is lower
paycheck. One outstanding loan
You may choose to direct your deferrals as either traditional pre-tax or permitted at a time
post-tax (Roth) contributions. Full balance of loan due
60 days after termination,
The maximum deferral amount is set by the IRS and is $18,500, plus otherwise deemed a
an additional $6,000 if you are at least age 50 through the catch-up distribution and taxed as
provision. such
Financial hardships
Employer Contributions
The current matching employer contribution is 100% of pay up to 4% of Age 59.9 or older in-service
withdrawals
your pay and begins the first of the month in which you have one year of
service with 1,000 hours worked. Transamerica will mail your
Matching contributions are considered Safe Harbor and are immediately CareHere 401(k) Plan enrollment
vested. kit to your home address two
Vesting for profit sharing contributions, if made, is graduated, over a weeks prior to your eligibility date.
You must enroll directly through
6-year period. Transamerica's website to get started.
You can enroll anytime once you
meet your initial eligibility date.
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