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Our Tax Deferred Retirement Plan: 401k


Summit Medical Staffing is proud to offer this great tax deferred retirement plan, 401k. With our 401k, employees are permitted to make salary deferral contributions to the plan with a 3% match from Summit Medical Staffing. 



  • Salary Deferral: 100% of eligible compensation up to a maximum.

  • Matching: 100% up to 3% of eligible compensation.

  • If you're age 50 or older, you're eligible for an additional $7,500 in catch-up contributions. For subsequent years, the catch up contribution amount is indexed for inflation.



You are eligible for participation in the 401k after 90 days of employment. 



Distributions from a 401k generally are included as income for the year received. Withdrawals prior to age 59½ may be subject to a 10% additional tax. However, the additional tax is increased to 25% if the funds are withdrawn within two years of beginning participation.



How to Establish a 401k with Summit Medical Staffing:

  • Request the required paperwork to establish a 401k from your Career Representative.

  • Summit Medical Staffing will complete the Adoption Agreement and the Participation Notice & Summary Description.

  • The Participation Notice will be distributed to you the employee covered by the plan.

  • Each employee must complete a 401k Application and Salary Deferral Agreement.

  • All paperwork should be returned to your Career Representative.

Please email for any and all questions. 

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