DirectShifts is Offering 401(k)
We're excited to announce our new 401(k) plan. We have partnered with Vanguard to provide access to a 401(k)-retirement account. The new 401(k) offering will help you better prepare for your journey to retirement. And don't worry, it'll be easy! You can customize your saving goals and manage your investments. Learn more about DirectShifts' 401(k) plan and why 401(k)s are a great way to save for retirement below.
Healthcare workers that meet the following criteria will be eligible to participate in an employer-sponsored 401(k) plan. The plan's eligibility criteria are the same across all contribution sources.
- Employees must be 21 years of age to be eligible to enter the plan.
- Employees must be employed for 3 months to be eligible to enter the plan.
Visit DirectShifts to get more details.
What is a 401(k) plan?
A 401(k) is a retirement savings and investment plan offered by employers. This plan allows you to contribute money directly from your paycheck to funds of your choice, helping you save for retirement. Those funds then get a tax break for being part of your 401(k) contribution. Depending on the plan you have, these tax breaks can come when you contribute money or when you withdraw money for retirement.
Helping build a better future.
Saving for retirement can seem scary, but it doesn't have to be. There are many unknowns when it comes to the future, but your retirement is something that is easier to predict. It can be painless to set up money to contribute to your 401(k) even if it's a very small amount and watch your savings grow over time. DirectShifts is excited to offer clinicians this new benefit and help you save for the future!