401(k) Retirement Plan
401(k) Plan
The Owens & Minor 401(k) Plan, administered by Fidelity, helps you prepare for retirement by offering an easy, tax-advantaged way to save. Once you’re eligible, we match on a dollar-for-dollar basis up to 3% of your eligible contributions. You are immediately vested in your contributions, as well as the company’s match.
Eligibility and enrollment
You are eligible to enroll after 30 days of employment. After 60 days of service, you will be automatically enrolled in the plan with a 2% contribution rate. After one year of service, you are eligible for the company match. Enroll online at 401k.com or call (800) 835-5095.
Reasons to Participate
- Your pre-tax contributions are deducted from your pay, decreasing your overall income tax.
- You have multiple investment funds with risks ranging from conservative to aggressive.
- You can choose from retirement date-based Fidelity Freedom Funds. The Freedom Funds are generally designed for investors planning to retire around the year in the investment name.
- Fidelity Portfolio Advisory Service at Work provides discretionary money management for a fee. You can delegate the day-to-day management of your 401(k) account to professional investment managers.
It’s important to designate a beneficiary to receive the value of your 401(k) account in the event you die before beginning to receive your benefit. Be sure to keep your beneficiary information up to date at 401k.com.