Do you offer 401k

What is 401k

 A 401(k) plan is a company-sponsored retirement account that employees can contribute to. Employers may also make matching contributions. 

At IntelyCare, we allow you to contribute to your 401(k) on both a pre-tax and a post-tax (Roth) basis. We will also match your contributions! We will match 100% of the first 3% you contribute and 50% of the 4th and 5th %. The easy math to get the full match is if you contribute 5%, IntelyCare will contribute 4%. The match we provide is 100% vested immediately, which means you get to take all of those funds with you!

Where can I access and get more information about 401k Benefits?                                                           www.empowermyretirement.com. 

Eligibility Requirements

1. Must be 21 years of age or older.
2. Must complete 500 hours within their first anniversary year or in a subsequent calendar year.

Example:

1.  
   1. Hired 6/24/2022, if you have completed 500 hours or more you are eligible at the next quarterly enrollment period.
   2. If you did not work 500 hours during your first anniversary year, your hours will begin accruing on a calendar year basis.  Given the above example, you would not be eligible again until January 2023, which you would need to complete 500 hours beginning on 1/1/23 and ending 12/31/23.  Once 500 hours are completed in the plan year, you will be notified of your eligibility to participate in the program. 

Note:  If you become eligible during a plan year,  you are eligible for as long as you are employed with Intelycare.  Meaning, if you did not elect to participate in the plan year you became eligible, you would not need to requalify the next plan year to participate.

What information do I need to enroll?

 You will be required to authenticate your identity on the website by providing five points of personal information: Social Security number, last name, date of birth, ZIP code, and the numerical portion of their street address. Once authenticated, participants will create a username and password for future access.  

Who can I contact for more information?

If you have any questions, please contact Empower’s Client Service department at 1-800-338-4015. 

You will need to inform the Representative that you are a Participant in the Intelycare 401(k) Plan - 511139-01. The Representative will ask for your SSN, date of birth, and address.  If all information matches the Empower system, you will be provided with a temporary PIN; this will allow you to access the website.  You will be prompted to create a username and password for use of the website.  

Attached to this article you will also find the fee disclosure form and QDIA notice for the new 401(k) plan.  These documents need to be provided to all of the employees who are eligible for the plan. 

We will be allowing enrollments on a quarterly basis so you will have opportunities to enroll throughout the year if not eligible on 1/1/23.