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
Learn More
No matter what your future holds, reaching your financial goals takes planning. CVS Health and Vanguard can help. Visit the Future Fund Information Site for a quick overview of the Plan.
Summary Plan Description
View the Summary Plan Description (SPD) for detailed plan rules and options.
Access Your Future Fund Account
Go to Colleague Zone, Retirement & Stock Plans Tab to access your Future Fund account at Vanguard. Or directly at vanguard.com/retirementplans.
