BrightSpring Retirement Savings Plan
The BrightSpring Retirement Savings Plan helps you save for your future. We offer both traditional and Roth 401(k) plan options so you can save with pre- or post-tax dollars, whichever you choose. All full-time, part-time, and PRN employees are eligible to participate. In addition, you can automatically increase your retirement savings plan contributions each year through the Annual Increase Program. Sign up online by accessing the “Contribution Amount” section on NetBenefits®, or by calling the Fidelity Retirement Service Center at 800-970-2363.
401(k) Matching Contributions
BrightSpring provides a discretionary matching contribution to your 401(k) plan. You are eligible for matching contributions only if you make employee deferral contributions to the Plan. You are not eligible to receive matching contributions for any Plan Year in which you are classified as a Highly Compensated Employee (HCE) under IRS rules. The discretionary match is 100% of your contributions, up to 3% of eligible compensation, and is issued each pay period.
Available Contribution Offerings
Traditional Contributions – Pre-tax contributions are deducted from your pay before income taxes are taken out. This means that you can lower the amount of current income taxes you pay each period.
Roth Contributions – You can elect to make Roth contributions, which are deducted from your pay after taxes, but grow tax-free over time and can be withdrawn without paying taxes or a penalty.
Do you need to rollover a 401(k)?
If you have a 401(k) plan with a prior employer, you may want to roll it into the BrightSpring 401(k). Having your savings in one account can make it easier to manage — now, and when you start drawing on your retirement savings. For more information about rollovers, contact NetBenefits at www.401k.com anytime, or by calling the Fidelity Retirement Service Center at 800-970-2363.
Sign Up For Your NetBenefits Account
Download the NetBenefits Mobile App or (SSO accessible through the BrightspringConnect App)
You may also access the Fidelity online portal at www.netbenefits.com or call 800-970-2363 to be connected with the 401(k) participant services