We know how important retirement planning is in this day and age. At Carespring, we want to contribute to our Team Member’s comfortable and fulfilling future, after their time with us.
Click the picture below to see a peek into the 401k offerings we have:
We have created a calculator that breaks down our 401k structure. Please enter numbers in the table below to see 401k amounts and match amounts.
| Carespring Health Care Management | ||||||||||||||||||||
| 401k Deferral/Company Match Calculator | ||||||||||||||||||||
| Calculated based on employee entry | ||||||||||||||||||||
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Data entry fields are indicated with yellow highlights.
Salaried Employees enter their annual salary in the applicable field.
Hourly employees enter their wage per hour in this entry field. That will calculate their annual salary equivalent (based on a an average of 40 hours per week).
All employees enter their desired deferall percentage.
| Annual Salary Examples Contributing at the auto-enrolled rate of 3% | ||||
| Annual Salary | $20000 | $30000 | $40000 | $50000 |
| Deferral Percentage | 3.00% | 3.00% | 3.00% | 3.00% |
| Total Annual Deferral | $600.00 | $900.00 | $1200.00 | $1500.00 |
| Deferral per Pay period | $23.08 | $34.62 | $46.15 | $57.69 |
| Annual Match=5% of first 3% | $30.00 | $45.00 | $60.00 | $75.00 |
| Match per Pay Period | $1.15 | $1.73 | $2.31 | $2.88 |
