Savings & Retirement Building a diverse financial portfolio is vital to the well-being of all our associates. Our investment plans include a 401(k), with a variety of investment options, and an Associate Stock Purchase Program. This enables our associates to build equity in the company and helps them establish long-term security.
401(k) Plan
The Cerner 401(k) Retirement Plan allows associates to set aside money for retirement on a pre-tax and/or Roth (post-tax) basis. • Elect between 1% and 80% of eligible compensation to be deferred into the plan annually. If no election is made after 31 days, you are automatically enrolled at 3% (pre-tax). • Change contribution elections at any time • 2016 IRS contribution limits: o 402(g) deferral limit is $18,000 o Catch-up limit is $6,000 Rollover contributions can be made from a former employer’s qualified 401(k) or 403(b) retirement plan or an IRA rollover.
Cerner Matching Contributions*
Cerner matches 33% of the first 6% of your deferral amount. A second tier match of up to 2% of your paid base compensation will be determined annually by Cerner, based on attainment of corporate goals. This match is subject to eligibility criteria. Contributions will remain nontransferable until 3 years of continuous service. All Cerner contributions are automatically invested in Cerner stock and are subject to a 5 year graded vesting schedule. Years of Service <1 Year of Service 1 Year of Service 2 Years of Service 3 Years of Service 4 Years of Service 5 Years of Service *Matching is discretionary
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Ready to blooom?
As part of Cerner’s commitment to providing you with the tools and resources to help you live well across the continuum of health + care, we’re excited to partner with blooom to support your financial wellbeing! Who is blooom? They’re like a doctor who quickly and simply tells you what’s healthy – and what’s unhealthy – in your 401k, and if you’d like, they’ll manage your account ongoing. No need to move your account – blooom manages it at Fidelity for you! Blooom’s monthly fees typically range from $5-$99 per month; however, as a Cerner associate, you’re able to sign up for this great benefit for only $1/month if your Cerner 401(k) account balance is less than $20,000 or $10/month if your account balance is $20,000 or more. Learn more about all the services offered by blooom, at cerner.getblooom.com; it takes less than 5 minutes!
Associate Stock Purchase Plan
The Associate Stock Purchase Plan provides eligible participants with an affordable and convenient method to purchase stock and share in the success of the company. Contributions to the plan are deducted, on a posttax basis, from your paycheck. Participants may elect any whole percentage between 1% and 20% of your total compensation to purchase Cerner stock. The deferrals are accumulated and, at the end of the Option Period, are used to purchase shares of common stock. The purchase price will be 15% less than the Fair Market Value on the date of the purchase (the last business day of the quarter). The plan operates on quarterly Option Periods, beginning on the 1st day of January, April, July and October of each year. You may participate in the plan by accessing Morgan Stanley’s website, www.stockplanconnect.com, and submitting an election during a quarterly open enrollment period.
Cerner Stock • Publicly traded & quoted through NASDAQ (CERN) • Enables you to accumulate ownership in the company • Stock splits– 1992, 1993, 1995, 2006, 2011, 2013