Retirement

• You are automatically enrolled in the 401(k) plan at a 3% pretax contribution level unless you elect not to participate.
• You can choose to have a different percentage of your salary deposited into your Transamerica account.
• You determine how to invest these contributions, which go into your account each pay period on a pretax basis.
• Your contributions vest at 100% immediately.

• If hired on or after Jan. 1, 2001, you’ll receive an automatic contribution of 1% of earnings annually. These contributions vest at 100% at 3 years of service. Prior employment with any Johns Hopkins affiliate counts toward eligibility and vesting.
• You’ll also receive a matching contribution up to 6% of the compensation to the 401(k) plan. The employer will contribute an amount to your Transamerica account determined according to the table below based on your years of service)

Employees hired on or after January 1, 2001

• • 1 but less than 10 years – 50%
  • 10 but less than 15 years – 60%
  • 15 but less than 20 years – 80%
  • 20 or more years – 100%

Employees hired prior to January 1, 2001
In no event will matching contribution exceed 9% of your salary.

• • 1 but less than 10 years – 50%
  • 10 but less than 15 years – 75%
  • 15 but less than 20 years – 100%
  • 20 or more years – 150%
• The vesting schedule for employer matching contributions is as follows:
  • Under 2 years of service – 0%
  • 2 years of service – 25%
  • 3 years of service – 50%
  • 4 years of service – 60%
  • 5 or more years of service – 100%

No matter what your retirement dream is, the most important thing you can do today is create a retirement strategy that will turn your vision into reality. One of the best tools you can use as part of that strategy is your employer’s retirement plan.

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Learn about strategies for transitioning into retirement, and the questions you should be asking now to prepare.

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Transamerica can help explain the “A, B, C, Ds” of Medicare and how to start piecing together your healthcare strategy.

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Learn about tools and resources to feel confident making financial choices and develop a sound retirement strategy.

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Managed Advice can help you build a personalized investment portfolio, recommend how much to save and connect you with financial professionals who can answer questions about retirement planning.

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This webinar will show you how Social Security can fit into your retirement income plan and share different strategies for when to claim your benefit.

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Regardless of your age, income, or account balance, an estate plan can help you safeguard your legacy and protect the people most important to you. This webinar explains the importance and purpose of an estate plan and how to get started.

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How you invest your retirement savings plays an important role in determining when you’ll be able to retire. The key balancing act to investing is aligning your goals, the number of years you have until you want to achieve those goals (referred to as time horizon), risk tolerance, and reward potential.

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Switching from a saving to a spending mindset can be tricky but there are simple steps you can take to make it easier, starting with making a plan. This presentation explains why retirement income planning is critical and discusses key steps to developing your plan.

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