ARS 401k/Profit Sharing Plan (401k – Profit Sharing Plan)
The 401k/Profit Sharing Plan is administered by Vanguard. The IRS has issued rules for both personal contribution limits and the total that can be contributed from the company and the participant combined. For 2025, the individual limit is $23,500 (plus a catch-up amount if you are age 50 or older) and a total overall contribution limit of $70,000 (plus a catch-up amount if you are age 50 or older). The catch up contribution amount in 2025 is based on your age as of the end of the calendar year. For those age 50-59 and 64+ you may contribute $7,500 as a catch up contribution. For those age 60-63 you may contribute $11,250 as a catch up contribution.
Employees of ARS/STARS are eligible to begin contributing to the plan on the 1st day of the month following 90 days of employment. Participants will receive a letter from Vanguard inviting them to and register for an online account. Employees are eligible for profit sharing contributions on the 1st day of the month following one year of employment.
Full time physicians may not be allowed to contribute depending on the amount of the company contribution. ARS issues the profit sharing contributions throughout the year on a variable schedule.
Vesting Schedule:
2 years of employment- 34% vested
3 years of employment- 67% vested
4 years of employment- 100% vested
The Vanguard plan contains both a core plan that is closely managed by an ARS committee, and a self-directed option.
Registration Instructions – Register for Vanguard.com
You can manage your account by logging into Vanguard.com. Choose retirement account and then enter your user name and password, or click register if you have not done so previously.
You may rollover balances from other plans if you choose. Use this Rollover Flyer for guidance on how to get started.
From the Vanguard website you can:
• Change your contribution (the amount you choose will come out of every check including bonuses)
• Change your investments
• Request a loan or other allowed distribution
• Access beneficial tools to help you make decisions
The plan number is 092856. You can contact participant services at 800.523.1188 with any questions or if you have trouble logging in.