~Dual Comp Staff Provider Onboarding Binder 06.26.20

UCP RETIREMENT SAVINGS

BASIC EMPLOYER CONTRIBUTIONS UCP OFFERS THE FOLLOWING RETIREMENT CONTRIBUTIONS IN LIEU OF CONTRIBUTING TO SOCIAL SECURITY. AS STATE OF OHIO PUBLIC EMPLOYEES, EMPLOYEES WILL NOT CONTRIBUTE TO SOCIAL SECURITY. APPLIES ONLY TO UCP SALARY

ALL EMPLOYEES

 AVAILABLE TO FULL-TIME AND PART-TIME EMPLOYEES  DEFINED CONTRIBUTION PLAN  UCP CONTRIBUTES 8.5% OF FIRST $285,000 (IRS LIMIT) OF TOTAL UCP COMPENSATION  MAX $24,225  AS PART OF THE TOTAL COMPENSATION PACKAGE, UCP MAY CONTRIBUTE AN ADDITIONAL AMOUNT (NOT TO EXCEED ANNUAL LIMIT OF $57,000)  IMMEDIATE VESTING  NO EMPLOYEE MANDATORY CONTRIBUTION

PLAN INFORMATION

PLAN ADMINISTRATORS

 TIAA  FIDELITY

2

Made with FlippingBook - Online catalogs