INFORMATION ABOUT 401K RETIREMENT PLAN

PATRIOT HOME CARE INC. 401K PLAN
 
Your Employer is sponsoring this Plan so that you may save for retirement. As a Participant under the Plan, you may elect to reduce your compensation by a specific percentage or dollar amount and have that amount contributed to the Plan on a pre-tax basis. 
 
Your employer will match 100% for the first 3% of your contribution and 50% after that up to 5% contribution. For example:
  • 1% contribution from your payroll will be matched with 1% by employer
  • 2% contribution from your payroll will be matched with 2% by employer
  • 3% contribution from your payroll will be matched with 3% by employer
  • 4% contribution from your payroll will be matched with 3.5% by employer
  • 5% and up contribution from your payroll will be matched with 4% by employer 
You are always 100% vested - which means that you are entitled to all of the amounts.
 
You may become a "Participant" in the Plan once you have satisfied the eligibility requirements:
  • one year of employment
  • reached your "Entry Date" (January 1st or July 1st)
You will be able to direct the investment of your entire interest in the Plan.
 

I Want You To Enroll In 401K Retirement Plan



 

For full information about Patriot Home Care, Inc. 401k plan please refer to the Summary Plan Description provided on this website or you can pick up a copy at Human Resources office. Summary Plan Description ("SPD") contains information regarding when you may become eligible to participate in the Plan, your Plan benefits, your distribution options, and many other features of the Plan. You should take the time to read SPD to get a better understanding of your rights and obligations under the Plan.

How to enroll in 401k plan?

Eligible employee of Patriot Home Care Inc. can enroll to 401k plan in two ways:
 

  1. Online (see instructions below)
  2. Phone: (888) 621-5491 (Customer Service Representative will help you to enroll 24 hours 7 days a week)
     

ONLINE ENROLLMENT STEPS:

  • Register for Web Access
    Go to WWW.PCSRETIREMENT.COM and select “Register for web access”. The participant will need the last four digits of their social security number, legal last name, date of birth, and current zip code. To safeguard personal information, Multifactor Authentication (MFA) may be used for increased account security that includes the use of one-time passcodes (OTP) sent via SMS text messages or email.
  • Account Setup
    Review and confirm personal information. If needed, provide any missing information or correct any mistakes.
  • Select Beneficiaries
  • Contribution Election
    This step allows you to enter the amount you wish to contribute per pay period either as a percentage or a flat dollar amount. There is also a paycheck calculator included so that you can analyze the impact of any contribution level on your take home pay. If you have made contributions to another employer’s retirement plan, please enter that information on this screen.
    Your employer will match 100% for the first 3% of your contribution and 50% after that up to 5% contribution. For example:
    • 1% contribution from your payroll will be matched with 1% by employer
    • 2% contribution from your payroll will be matched with 2% by employer 
    • 3% contribution from your payroll will be matched with 3% by employer
    • 4% contribution from your payroll will be matched with 3.5% by employer
    • 5% and up contribution from your payroll will be matched with 4% by employer (maximum match)
  • Investment Selection
    This step allows you to review fund performance and prospectus information and select your investments. Please read the prospectuses of the funds you’ve chosen before investing. Your total allocation percentages must equal 100%. If you choose to not select investments at this time, any contributions made will be invested in the Default Investment Alternatives (Target Retirement Funds).
    Those funds designed for investors planning to retire and leave the workforce in or within a few years of the target year. For example: for participant who was born on 1980 with retirement at 65 years old, the Vanguard Target Fund 2045 (year of retirement) will be automatically chosen. 
  • Confirmation
    This final screen allows you to review the information entered into the system and make any necessary changes to the content. Once you are comfortable with the information, click “Finish”

CONTACT INFORMATION:

 

Question about 401k retirement benefits provided by Patriot HC?

Call Patriot HC, Inc, HR department, Aida Gashi, Benefits Coordinator at 877-535-5550 ext. 189 or email agashi@patriot-hc.com

 

Questions about online enrollment and your online account?
 
Call PCS Retirement, LLC at (888) 621-5491 

 

Questions about Investment Selection or about this plan?
 
Call Universe, Inc., Dmitriy Dolgin at 718-375-7631 or email ddolgin@universeinc.com
 
For full information about Patriot Home Care, Inc. 401k plan please refer to the Summary Plan Description provided on this website or you can pick up a copy at Human Resources office.
Summary Plan Description ("SPD") contains information regarding when you may become eligible to participate in the Plan, your Plan benefits, your distribution options, and many other features of the Plan. You should take the time to read SPD to get a better understanding of your rights and obligations under the Plan.