Brooks offers a retirement plan to all full-time, part-time and PRN on call employees. The Transamerica 401(k) is offered to Skilled Nursing/ Aging Services/Homecare employees, and the 403(b) is offered to Outpatient, Inpatient, Halifax and Corporate employees.
403(B) / 401(K) Matching Employer Contribution
After your one-year anniversary, if you have worked over 1000 hours, Brooks makes a Matching Contribution when you contribute to your retirement. Brooks will match 100% of the first 3% of your pay that you contribute each year.
403(B) Only Brooks Employer Contribution
In addition to the Brooks Matching Contribution, Brooks will contribute 3% of pay to your account after your one-year anniversary, if you have worked over 1000 hours. 403(b) employees are eligible for this employer contribution.
Vesting in the contributions Brooks makes to your retirement accounts is based on years of service. You receive 20% of employer funds for each year of employment after your first year, if you work a minimum of 1,000 hours that employment year. You will be 100% vested after approximately 6 years.
Retirement Plan Essentials
You can take out a loan to finance big-ticket items like a house or a college tuition. But there's no such thing as a loan to get you through retirement. The steps you take now can help you retire on your terms. So ask yourself — are you doing what you can today to get the retirement you want tomorrow?
Learn about the features and benefits of your workplace retirement plan, so you can feel more confident about the steps you are taking toward a secure financial future.