Retirement Plans

CVS Health Future Fund 401(k) Plan (Future Fund)

Participation in Future Fund is an important part of your total compensation at CVS Health. Future Fund allows you to accrue money, tax-deferred (traditional 401(k) contributions) or tax-free (Roth contributions), for your retirement.

How it Works

In general, you’re eligible to participate in Future Fund the first of the month following your date of hire if you are at least age 18 and in an eligible colleague classification (refer to the Summary Plan Description (SPD) for additional information on eligibility).

Your Future Fund contributions are made through convenient payroll deductions, which makes saving even easier. Generally, you may elect to contribute up to 75% of your eligible pay (in multiples of 1%) to the plan on a 401(k) (pretax) and/or Roth (after-tax) basis, up to the annual limit set by the Internal Revenue Service (IRS).

With Future Fund, you can:

• Elect pretax and/or Roth after-tax contributions

  • If you are age 50 or older, you may make additional pretax and/or Roth after-tax catch-up contributions, up to IRS limits

• Receive a dollar for dollar (100% match) on the first 5% of pay you contribute, beginning after you have completed one year of service (12 months of service, beginning on your employment date, during which you complete at least 1,000 hours of service).

  • The company match is made each pay period

  • You are always 100% vested in matching contributions

• Choose from a variety of investment options

• Adjust the amount you contribute anytime

Shortly after your date of hire, you will receive enrollment information to help you make your contribution and investment election decisions. The information will help you:

• Learn more about Future Fund

• Decide if making pretax 401(k), Roth and catch-up contributions is right for you

• Research your fund investment options

• Consider other investment tools and resources

To Enroll in Future Fund

Visit Colleague Zone > My Applications > CVS Health Future Fund.

Your payroll deductions will begin as soon as administratively feasible following your enrollment.

Additional Resources