For more information or to enroll, contact LucyGoncalves@BroadReachHealth.org.
Learn more about
401(k) Retirement Plan
401(k) Contribution Limits
Eligibility
Employees are eligible to contribute after 90 days of employment. To enroll in the plan, visit principal.com/Welcome or use the Principal® app. You can also text ENROLL to 78259
Employer Match
Employees will be eligible for the match after 12 months of employment and 1,000 hours. Broad Reach matches your contributions at $0.25 for each dollar up to 5% of earnings.
Vesting Schedule
Employees are always 100% vested in their own contributions. The employer match 100% vests after 3 years of employment.
Investments
The plan offers many investments to choose from. Please be sure to review your choices carefully.
Roth 401(k)
You can contribute a percentage of your pay up on an after-tax basis.
2026 IRS Contribution Limit
$24,500
You can contribute up to 100% of your salary up to the IRS max.
Monthly Calculation: $2,041.65 (estimate only)
Catch-Up Contribution
$8,000
If you are age 50 or older and are eligible to add money to your 401(k) retirement plan, you can add money above the regular limits, referred to as a “catch-up” contribution.
Super Catch-Up Contribution
$12,000
The Setting Every Community Up for Retirement Enhancement Act of 2022 (Secure 2.0 Act) allows you to contribute an even higher amount to your 401(k)-retirement plan. If you turn 60, 61, 62 or 63 at any point during the 2025 tax year and beyond, you can contribute an additional amount above the regular IRS limit. Each year the limits may be adjusted for cost of living by the IRS.
Take Advantage of Principals Tools and Resources!
Principal has online tools that put you in the driver’s seat in saving for your retirement. You can manage your account, track your savings progress, and keep moving toward your goals right from your desktop. Log in to principal.com to get started. You can discover a wealth of resources to help achieve your savings goals.
If you have questions about the retirement plan, call 1-800-547-7754 Monday through Friday, 7 a.m. - 9 p.m. (Central time), to speak to a retirement specialist at The Principal®.
Contact the provider of these benefits by calling this phone number or visiting this website: (800) 547-7754; principal.com
InsurChoice
Insurchoice is an employee voluntary benefits marketplace, where you can shop for benefits, such as home and auto insurance, pet insurance, legal & ID theft insurance (as listed below), and MUCH MORE! Once you find the benefit that best fits your needs, you can sign up directly through the marketplace and set up direct billing.
Key benefits include:
- Competitive pricing: One size doesn’t fit all, so you can match yourself with the best rates and coverages from multiple insurance companies.
- Custom-tailored coverage: Select the products that meet YOUR needs & YOUR schedule.
For more information, visit https://digital.nfp.com/pc/BRH_IC_MP or email at InsurChoice@nfp.com
