Savings & Retirement Building a diverse financial portfolio is vital to the well-being of all our associates. Our investment plans include a 401(k), with a variety of investment options, and an Associate Stock Purchase Program. This enables our associates to build equity in the company and helps them establish long-term security.
401(k) Plan
The Cerner 401(k) Retirement Plan allows associates to set aside money for retirement on a pre-tax and/or Roth (post-tax) basis. • Elect between 1% and 80% of eligible compensation to be deferred into the plan annually (IRS limits apply). If no election is made after 31 days, you are automatically enrolled at 3% (pre-tax). • Change contribution elections and/or investment allocation at any time. • Rollover contributions can be made from a former employer’s qualified 401(k) or 403(b) retirement plan or an IRA rollover. You can make all the above changes and more with Fidelity, the Plan recordkeeper at www.401k.com.
Cerner Matching Contributions*
Cerner matches 33% of the first 6% of your deferral amount. A second tier match of up to 2% of your paid base compensation will be determined annually by Cerner, based on Cerner’s overall performance. This match is subject to eligibility criteria. All Cerner contributions are subject to a 2-year graded vesting schedule and invested in the same funds as your pre-tax contributions. Years of Service <1 Year of Service 1 Year of Service 2 Years of Service *Matching is discretionary
Vested Percentage 0% 50% 100%
Morgan Stanley Financial Wellness Program
In collaboration with Morgan Stanley, Cerner provides access to a Financial Wellness Program to help address your unique financial needs at no cost. Benefits include a Financial Wellness Digital Portal to measure and improve your financial well-being based on your individual needs. Customized solutions and education are provided to associates with access to a Morgan Stanley Financial Advisor to help guide you in making better-informed decisions about your money. Associates can also participate in live seminars and engage with on-demand educational content.
Ready to blooom?
Cerner partners with blooom to support your financial well-being. blooom is like a doctor who tells you what’s healthy – and what’s unhealthy – in your 401k, and if you’d like, they’ll manage your account ongoing. No need to move your account – blooom manages it at Fidelity for you. Sign up for this benefit for only $1/month if your Cerner 401k account balance is less than $20,000 or $10/month for account balances $20,000 or more. Get started here.
Associate Stock Purchase Plan
The Associate Stock Purchase Plan provides eligible participants with an affordable and convenient method to purchase stock and share in the success of the company. Contributions to the plan are deducted, on a post-tax basis, from your paycheck. Participants may elect any whole percentage between 1% and 20% of your total compensation to purchase Cerner stock. The deferrals are accumulated and, at the end of the Option Period, are used to purchase shares of common stock. The purchase price will be 15% less than the Fair Market Value on the date of the purchase (the last business day of the quarter). The plan operates on quarterly Option Periods, beginning on the 1st day of January, April, July and October of each year. You may participate in the plan by accessing Morgan Stanley’s website, www.stockplanconnect.com, and submitting an election during a quarterly open enrollment period.
Cerner Stock 27
• Publicly traded & quoted through NASDAQ (CERN) • Enables you to accumulate ownership in the company • Stock splits– 1992, 1993, 1995, 2006, 2011, 2013
