One of the best ways to ensure a secure retirement is to start saving as early as possible. Our 401(k) savings plan allows you to save for retirement on a pretax basis. You can begin contributing to the plan at any time once you become eligible and start making contributions to your account through convenient payroll deductions.
Increase Your Retirement Savings with a 401(k)
- You are automatically enrolled after 90 days of employment.
- Contribute using convenient payroll deductions up to the IRS limit of $23,500 per year.
- Change the amount of your contributions or stop your payroll contributions at any time.
- Decide how to invest your 401(k) or allow the plan to choose for you.
- The 401(k) contribution limit for employees age 50 or older is $31,000 in 2025.
- You must be at least 18 years or older to be eligible.
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401(k) documents
401(k) contact information
Carrier: Principal
Phone: 800-547-7754
Website: www.principal.com
| PLAN AT A GLANCE | |
|---|---|
| PLAN NAME | Oceans Healthcare 401(k) Plan |
| RECORDKEEPER | Principal |
| WEBSITE | www.principal.com |
| ELIGIBILITY | First of the month following three months of service |
| ENROLLMENT | You are automatically enrolled after 90 days of employment. To update your participation or elections, go to www.principal.com anytime or contact Principal at 800-547-7754. |
This Benefits Website provides general information for our benefit eligible employees; however, more detailed information is available within the plan documents and legal contracts between our company and the insurance providers. In case of any discrepancy between this Benefits Website and the plan documents, the plan documents always govern and determine your exact benefits. In addition, the company reserves the right to modify or terminate any benefit plan at any time. Benefits are not a guarantee of employment.