BAYADA
Enroll Now

Retirement: 401(k)

Planning for retirement starts with saving along the way. The BAYADA 401(k) plan gives you several ways to save for retirement through convenient payroll deductions, with investment options to help you build your savings over time.

Who Is Eligible?

You’re eligible to participate in the BAYADA 401(k) plan as of your hire date and can enroll anytime after receiving your first paycheck. Unlike other BAYADA benefits, there is no waiting period or annual Open Enrollment requirement for the 401(k) Plan.

Watch401(k) Retirement Plans

How Can I Contribute?

You can contribute 1% to 80% of your pay using one or more of three contribution options:

  • Traditional Pre-Tax: Contributions come out of your pay before taxes are withheld. Contributions and investment earnings are taxed when you take them out.
  • Roth After-Tax: Contributions come out of your pay after taxes are withheld. Roth contributions are not taxed again, and investment earnings may be tax-free when withdrawn if applicable requirements are met.
  • Regular After-Tax: Contributions come out of your pay after taxes are withheld. Your contributions are not taxed again, but investment earnings are taxed when withdrawn.

How Much Can I Contribute?

For 2027, the IRS limit for pre-tax and Roth after-tax contributions combined is $24,500. For all regular contribution types combined (employee pre-tax, Roth after-tax, regular after-tax and all employer contributions), the IRS contribution limit is $75,000 in 2027.

You may be eligible for catch-up contributions:

  • Age 50–59: You may contribute an additional $8,000.
  • Age 60–63: You may make a “super catch-up” contribution of $11,250.
  • Age 64+: You may contribute an additional $8,000.

IMPORTANT NOTE

The BAYADA 401(k) plan does not allow you to take loans against your contributions. You can withdraw your pre-tax and Roth contributions without penalty only when you reach age 59.5 or older or for certain IRS-designated hardships. You can withdraw your after-tax contributions at any time without penalty, but you’ll pay taxes on any earnings.

Does BAYADA Match My Contributions?

Once you meet the match eligibility requirements, BAYADA may match 35% of the first 4% of your compensation you contribute, for a maximum match of 1.4% of your compensation. The match formula is subject to change from year to year.

To receive the employer match, you must:

  • Be at least 21 years old.
  • Complete one year with 1,000 hours of service from your hire date or in a subsequent year.
  • If you separate from service during the year, work more than 500 hours that year in addition to meeting the other match eligibility requirements.

Traditional pre-tax and Roth after-tax contributions that are not catch-up contributions are eligible for the match. Regular after-tax contributions and catch-up contributions are not match-eligible.

What Does Vesting Mean?

Vesting refers to your ownership of the money in your account. You are always 100% vested in your own contributions. Employer matching contributions become yours over time based on your years of service:

You earn a year of service for vesting purposes for each calendar year in which you work 1,000 hours of paid service with BAYADA.

Choose Your Investments

You can choose your investments and change your contribution amount 24/7 through Empower at empowermyretirement.com or through the Empower app. If you’re not sure which investments to choose, GoalMaker® can help you select investments based on your age, risk tolerance and retirement goals.

Enroll or Make Changes

Ready to get started? Register at empowermyretirement.com after you receive your first paycheck to set up your contributions and investment elections. You can change your contributions or investments online at any time. Changes to your contribution amount may take up to two pay periods to appear in your paycheck.

You can also call Empower Customer Service at 833-961-5273, Monday through Friday from 8 a.m. to 10 p.m. ET and Saturday from 9 a.m. to 5:30 p.m. ET.

Empower Contacts

BAYADA 401(k) Plan

833-961-5273

Call Empower Customer Service

empowermyretirement.com

Download the Empower app