ADDITIONAL EMPLOYEE BENEFITS
Tuition Reimbursement and Continuing Education
Included in this program, you will have access to Fidelity’s Student Loan Tool calculator that will help you create strategies for paying off your student debt. Payments will be made directly to the loan service provider. Enrolled employees can access their benefit dashboard online any time. Visit www.netbenefits.com to register and learn more! 401(k) Retirement Benefit Eligible full-time employees may enroll in Armor’s 401(k) plan on the first of the month following 60 days of employment. You can choose if you want to participate in the plan, how much you want to contribute, where you want to invest your dollars and whether you want to contribute pre-tax or post-tax. Your contributions are 100% vested and may not exceed the 2024 IRS maximum amount of $23,000. Employees aged 50 or older are eligible for additional catch-up contributions of $7,500 in 2024. Armor’s 401(k) Plan is administered by Lincoln Financial. Once you enroll, you will be able to manage your contributions, check balances and change allocations online at www.LincolnFinancial.com. Lincoln Financial Group offers employees 24/7 resources to learn about managing key life milestones and everyday financial matters so you can build strong financial habits that will help you work toward short- and long-term goals. For example, you will be able to log in and use the retirement income estimator to see if your savings are on track to meet retirement goals.
Armor Health’s tuition reimbursement program is available to full time employees who have completed one year of service. Armor will reimburse part of tuition and registration (up to $1,000 annually) for educational programs at accredited schools. The classes must be related to your current job, and will be based on the letter grade received. You can also receive reimbursement for the initial costs associated for certain professional certifications. The company also provides Continuing Medical Education (CME) reimbursements to full-time eligible employees that have completed one year of service. This benefit is designed to assist our clinical staff with paid time off (up to 40 hours) and financial support (up to $1,500) depending on your position. This benefit is paid annually based on a twelve month period. Nurse Loan Reimbursement Program The company has partnered with Fidelity Investments to offer immediate financial relief to practicing nurses who have student loan repayment obligations. Our crafted program includes the following benefits: Armor will contribute up to $170 per month towards the loan of an eligible full-time practicing nurse averaging 30 hours or more per week. Armor will contribute up to $85 per month towards the loan of an eligible part-time practicing nurse averaging less than 30 hours per week. Armor will pay a lifetime maximum up to $10,000.
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