401(k)

Eligibility

All employees are eligible to participate effective the first of the month following hire date. Company matching contributions commence at the same time as employee contributions. There is no minimum age or service requirement for eligibility.

Plan Features

Save for your future by participating in the 401(k) Retirement Plan (the Plan), administered by Empower. Plan highlights include:

• Personify Health will match 50% of employee deferrals on the first 6%, with a $3,000 annual maximum.
• There is a three-year graded vesting schedule. After one year, you’re 50% vested; after two years, you’re 75% vested; and after three years, you’re 100% vested. Being vested means after three years you own 100% of your Company match and retirement account balance.
  • Employees who are currently enrolled will maintain their legacy company’s vesting schedule.
• You can make pre-tax contributions, but you will pay taxes on your contributions and earnings when you withdraw. Or you can contribute to a Roth account, which allows you to pay taxes on contributions now and withdraw tax free later.
• Loans, hardship withdrawals, and early retirement withdrawals may be available in certain scenarios. Contact Empower to learn more.

You can enroll and make changes to your beneficiary designation, contribution, and investment elections at any time.

Making Contributions & IRS Limits

You can contribute up to the annual IRS contribution limit ($23,500 in 2025). If you are age 50 or older, you can make additional “catch-up contributions” up to the IRS catch-up contribution limit ($7,500 in 2025). Starting January 1, 2026, if you earn more than $145,000 in FICA compensation for 2025 and decide to make catch-up contributions, those contributions must be made as Roth contributions. This is a result of SECURE Act 2.0 legislation.

New Hires

Newly hired employees and all employees entering the Plan will be auto enrolled upon hire at 6% and will be enrolled into 1% annual automatic increase.