401(k) Retirement Benefits

Market-leading 401(k) Plan

At USACS, we don’t just invest in your present. We also invest in your future. We offer an industry-leading 401(k) contribution of up to 10% (for qualifying employees), regardless of your contribution. The USACS contribution is immediately vested.

Eligibility

As a W-2 employee, you are eligible to participate in the 401(k) by making either pre-tax or Roth/after-tax contributions effective upon your date of hire. USACS offers an initial 3% contribution match to clinicians/non-clinicians who meet the eligibility requirements; you are immediately vested in these Company contributions. To qualify for the additional 7% USACS contribution, clinicians/non-clinicians must work 1,000 hours within the calendar year.

New hires must work 500 hours within their anniversary year to become eligible to receive 3% of the USACS contribution. The Company contributions will begin on the date the eligibility requirement is met. New hires who work 1,000 hours within the calendar year will receive an additional 7% contribution starting on the date that the 1,000 hours requirement is met. The 7% contribution will be retroactive to the date that the 500-hour requirement is met or January 1, whichever is later.

Contributing to the Plan

The IRS “annual additions limit” lets you and USACS together contribute up to $69,000 in 2024 ($76,500 if you are age 50 or older). This includes all your pre-tax or Roth contributions, after-tax contributions, and your employer contributions. See your plan administrator for details.

Contribution Increases

If you contribute less than 8% to your 401(k), your percentage will be automatically increased by 1% until reached. You may change or discontinue the amount of your contributions at any time. All changes are effective as soon as administratively feasible and remain in effect until you modify them. You can elect to opt out of the automatic increase by logging in to your account at www.netbenefits.com.

Additional Retirement Planning Tools

• Consolidating Your Retirement Saving — If you have an existing, qualified retirement plan (pre-tax) with a previous employer, you may transfer that account into the plan any time.
• Investing in the Plan — The USACS 401(k) plan offers a selection of investment options for you to choose from. You may change your investment choices any time.
• Financial Wellness — Use the Financial Wellness Checkup to see where you stand financially and if there is room to do better when it comes to planning for your retirement.
• Financial Coaching — Contact SageView Advisory group at www.netbenefits.com for assistance with one-on-one investment advice and financial planning.

For more details, visit www.netbenefits.com or contact Fidelity at 800-835-5095.