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Retirement & Financial Planning

Our team members’ financial health is very important to us. That’s why we offer a 401k offering with an employer match of 100% up to the first 8%. Boone Health also offers numerous investment options through Vanguard.

401(k) Plan

The sooner you start saving, the better your financial future will be. Boone Health offers several retirement plans options.

Features of the Boone Health 401(k) Plan:

  • The contributions you select are automatically deducted from your paycheck on a pre-tax basis
  • ROTH option: contribute to your retirement account on an after-tax basis and still employer matching!
  • Investment choices include Target Date funds that automatically adjust your investments as you age
  • You may rollover money from a prior employer’s eligible retirement plan
  • The plan has a three-year cliff vesting schedule (meaning you must work 3 years to receive the employer matching)
  • You may contribute a maximum of $22,500 in 2023
  • If you are 50 or older, additional catch-up contributions of $7,500 are permitted for a maximum contribution of $30,000 in 2023
  • You may change your contribution percentage at any time by logging into your Vanguard.com account

Enrolling

Boone Health uses automatic enrollment in the Boone Health 401(k) Plan. New hires are automatically enrolled with a 4 percent contribution rate, unless they take action to reduce, or increase this contribution, or opt out.

If you are not currently enrolled, you have three different ways to enroll:

  • Enroll on the Vanguard website. You will be prompted on how to enroll in the plan. You will need your Social Security Number, ZIP code, date of birth, and the unique number assigned to the plan by Vanguard, 095116.
  • Call Vanguard’s 24-hour automated VOICE Network toll-free 800.523.1188. You will need your Social Security Number and a personal identification number (PIN). Please contact Vanguard to have one mailed to you.

Speak with a Vanguard Participant Services Associate at 800.523.1188, 8:00 a.m.-8 p.m. Monday-Friday.

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