401(k) Savings Plan

NCG Medical offers a 401(k) savings plan to help eligible employees save for the future and retirement years.

To be eligible to join our 401(k) savings plan, you must have completed twelve months of service and be 21 years of age or older. You may enter the program only during open enrollment periods. When you are eligible, you may participate in the 401(k) plan subject to all the terms and conditions of the program.

You choose how much salary you wish to contribute to the 401(k) plan. You also will decide how your plan account should be invested. NCG Medical adds a matching amount to each employee's 401(k) contribution.

Your 401(k) contribution is taken from your pay before the federal and state taxes are calculated for your paycheck. That means that you will pay lower taxes now while contributing to the 401(k) plan. Your 401(k) account will be taxed when you take money out of it in the future, but at that time, you may pay taxes at a lower rate.

There are more details about our 401(k) savings plan in the Summary Plan Description. If you have questions about the 401(k) plan, contact Human Resources.

Policy No.  320