RETIREMENT
Centurion offers a 401(k) retirement savings plan, which is administered by Transamerica Retirement Solutions.
You are eligible to participate on the Monday after receiving your first paycheck and may enroll over the phone by calling 800-755-5801 or online at my.trsretire.com.
Here are some specifics about the plan:
- Full- and part-time employees may elect to defer up to 75% of their compensation on a pre-tax and/or after-tax basis up to the IRS annual limit ($23,000 for 2024*).
- If you are age 50+ by December 31, 2023, you may make additional contributions ($7,500 for 2024*).
- Centurion matches 50% of the first 6% you elect to defer, up to a maximum of 3% per-pay-period for eligible earnings.
- Effective April 15, 2022, new enrollees will be on an updated vesting schedule in which 40% of employer contributions are vested after one (1) year of service, reaching 100% after two (2) years of service.
- The plan provides 19 different mutual funds and 11 target date funds from which to choose for investing.
* Amount subject to change. 2024 maximums not released at time of publication.
