USA Health Retirement Benefits

Defined Contribution Plan - Matching Retirement Plan

USA Health provides a defined contribution plan which enables employees to use pre-tax income to contribute to their retirement. Participation is voluntary. The plan currently matches employee contributions dollar for dollar up to 5% of earnings, up to an annual employer contribution allowed by the IRC Section 401(a)(17) of $13,500. This plan allows eligible employees to invest in fixed and variable annuities and mutual funds in a tax-deferred account.

Eligible employees will be fully vested in the employer matching contributions at the completion of three (3) years of continuous employment.

Employees may reduce their state and federal taxable income by contributing up to $18,000 ($24,000 if over age 50) annually.