2020 Employee Benefits Book | Page 20

Retirement Savings Plan − 401(k) Retirement savings is one of the most important benefits any employer can offer. Administered by The Vanguard Group, one of the nation’s most respected 401(k) investment companies, Renown Health’s Retirement Savings Plan is designed to help you on your journey to a comfortable financial future. To Enroll in the Retirement Savings Plan Call Vanguard at 800-523-1188 or go online to vanguard.com. Renown’s plan number is 091539. • Enroll and begin contributions • Change or stop contributions • Change the investment direction of future contributions • Transfer money between funds • Request loans or hardship withdrawals Enroll Now Features • Designate a beneficiary • Simplified enrollment process • 5% pre-tax contribution; 4% employer match • Contributions directed to Target Date Retirement Fund closest to the year you reach 65 Eligibility and Enrollment 18 • Full- and part-time employees • First of the month following 30 days of employment • Employer match begins upon enrollment • Employees may enroll or make changes anytime during the year