PRIME HEALTHCARE SERVICES, INC. 401(K) PLAN Contribution & Employer Match

How PRIME HEALTHCARE SERVICES, INC. Supports Your Retirement Savings

PRIME HEALTHCARE SERVICES, INC. provides retirement savings benefits through PRIME HEALTHCARE SERVICES, INC. 401(K) PLAN. Understanding your employer’s contribution structure is essential — it directly affects how quickly your retirement nest egg grows. Below you will find the plan’s average account values and contribution patterns based on publicly filed data.

* Data are from public filings.

Are You Leaving Dollars on the Table?

If you are not contributing enough to capture the maximum employer match, you are literally turning down part of your compensation. For many plans, this can mean thousands of dollars per year in lost employer contributions — money that would compound over decades.

Use the policy details and calculator below to find out exactly how much you need to contribute to capture every dollar of employer matching.

PRIME HEALTHCARE SERVICES, INC. 401(K) PLAN Contribution & Match Policy

1. Employee Contribution Rates: Employees may contribute between 1% and 100% of pretax annual compensation to the plan.

2. Employer Match/Contribution Conditions: The employer matches employee contributions, up to the lesser of $4,800 or 4% of the eligible compensation deferred to the Plan and $0.25 to $1.00 on each dollar contributed based on years of service.

3. Vesting Schedule/Eligibility: Vesting in employer contributions is based on years of service with increases in increments of 20% per year until fully vested after five years. Employees are eligible to participate in the Plan after reaching age 21 and completing 30 days of employment, with at least 1,000 hours of service during the plan year.

4. Roth 401(k) Contribution: Yes, the plan allows Roth contributions utilizing after-tax contributions.