Financial Security

How it works

How it works

Who is eligible

Regular full-time and part-time associates who are at least age 18 and working at least 20 hours per week.

Plan administrator

Charles Schwab

When you can enroll

You can enroll in the retirement savings plan within five days following your first paycheck and you will enter the plan on the first day of the month following your eligibility.

Contribution limits

You can contribute up to the IRS limits to your 401(k) and Roth 401(k) (combined) each year. For 2023:

  • You will be able to contribute up to $22,500.
  • If you are age 50 or older, you can make additional catch-up contributions of up to $7,500.

You can change your contributions to a higher or lower amount at any time during the year.

Your contributions

You can contribute up to 70% of your eligible pay in the 401(k) before-tax, Roth 401(k) after-tax or a combination thereof.

Matching contributions

Veradigm will match dollar-for-dollar up to the first 4% of your contribution. The plan recognizes base pay, bonuses, commissions and other forms of pay for matching purposes.

When deductions begin

Typically, your next scheduled payroll once you enroll, after the administration process is complete.

Changing contributions

You can increase, decrease or suspend contributions at any time. Contributions to your account cannot be forfeited for any reason.

Vesting

You are 100% vested in your and Veradigm contributions.

When you can make withdrawals

In-service withdrawals are allowed in certain situations specified by your retirement plan.

  • Loans
  • Leave of absence
  • Termination
  • Hardship
  • Retirement
  • Disability
  • Death
How to enroll

How to enroll

You have multiple ways to enroll:

Create a login using the Register Now button. Be sure to have this information handy: Social Security number, date of birth, zip code and email address.

You can also enroll by calling the Schwab Plan Hotline at 800.724.7526. Once you’re enrolled, you can make changes to your investment and savings elections at any time.

You can typically change the investment allocations of your existing account balances, change the investment selections for future contributions, or change your beneficiary(ies) as often as you like, though changes may take time to process.

Investment options

Investment options

When you enroll in the retirement savings plan, you have a variety of investment options to help you build, diversify and maintain your savings over time.

For help with your investments

  • Target Date Retirement Funds
    Funds designed and professionally managed based on a target retirement date year.
  • Morningstar
    An independent investment advisor that provides personalized savings and investment recommendations, at no cost to you.
  • Risk Based Model Portfolio
    A mixture of funds based on a selected level of risk and are constructed from funds that exist in the Plan’s current fund lineup.

For more information, contact Schwab Participant Services at 800.724.7526.

To invest on your own

  • Plan-selected Funds
    A broad solution of funds representing a variety of asset classes.
  • Personal Choice Retirement Account (PCRA)
    For experienced investors, provides additional funds beyond the Plan- Selected Funds, and may have some transaction fees and trading costs. For more information, contact the PCRA team at 888.393.7272.

Need assistance?

Charles Schwab

800.724.7526
Visit website

Investing advice

Create your retirement blueprint with help from the investment team at CAPTRUST Financial Advisors.

Learn more

Can I take money from my account?

The retirement savings plan is designed to help you save for your future, so there are limits to why and when you can take a withdrawal from your account.

Learn more

What is a Roth IRA?

This account works just like a 401(k) account, except that your contributions will be deducted after taxes. These earnings will grow tax-free and can be withdrawn tax-free, beginning five years after you make your first contribution and you have reached age 59½ or have become disabled.

401(k) from previous employer?

You can roll over account balances from other employer-sponsored qualified 401(k) accounts into your Veradigm Retirement Savings Plan account. All you have to do is visit Charles Schwab and complete the Rollover Form, or you can call Schwab Participant Services at 800.724.7526 for assistance.

How the ESPP works

Who is eligible

Associates scheduled to work more than 20 hours a week.

Plan administrator

E*TRADE

When you can enroll

You are able to enroll in the months of February, May, August and November.

Purchasing limits

Up to 20% of each paycheck, credited to a stock purchase account on your behalf.

How are my purchases paid for

After-tax

Purchase discount

15% discount on Veradigm stock.

When deductions begin

The first paycheck after the enrollment period ends.

Changing contributions

You can adjust your contributions only during an enrollment period.

Vesting

You are 100% vested in your contributions.

When can you trade or sell?

You will be able to view, track and sell your shares online at E*TRADE (subject to the Veradigm Insider Trading Policy).

How to enroll

ESPP is administered through E*TRADE. You can enroll or change contributions at anytime during an open enrollment period. Refer to etrade.com/enroll to begin the process. Please note that you can withdraw from the plan at any time.

Your contributions will continue until one of the following occurs:

  • You lose eligibility
  • You withdraw from the plan
  • No further shares are authorized for purchase
  • The Board of Directors terminates the plan

If your employment with Veradigm ends during an offering period, the deductions taken during that offering period will be returned to you.

No interest is earned on ESPP deductions held by Veradigm during the offering period.

Basic life insurance

Basic life insurance

Allscripts provides basic life coverage at no cost to you:

  • Benefit amount: 2 x your annual salary, rounded to the next higher $1,000, up to $1,000,000.
    Evidence of Insurability (EOI): EOI may be required for reinstatements if required under the terms of the Certificate of Insurance.
  • Imputed income: Premiums paid by Allscripts for basic life insurance coverage amounts over $50,000 are considered non-monetary compensation, or “imputed income,” and per IRS guidelines, must be included as taxable income to you since imputed income is the value of a benefit you are receiving. The IRS establishes the cost per month for each additional $1,000 of coverage (above $50,000) based on age.
  • Coverage begins: If you are actively working, you are automatically enrolled in this coverage. If you are not actively at work on your hire or eligibility date, your coverage will become effective on the day you are actively at work

Your basic life insurance amount is based on your age and eligible earnings as of January 1 of the plan year (or as of your new hire/benefit eligibility date, if applicable). Your coverage will stay the same through December 31 of the plan year. Your eligible earnings include base pay and commissions paid in the preceding 12-month period.

Voluntary life insurance

Voluntary life insurance

You also have the option of electing voluntary life insurance coverage for you and your eligible dependents. For any voluntary life insurance coverage that you elect, you pay the full premium amounts.

  • Benefit amount: You can choose coverage of up to 5 x your annual salary, rounded to next higher $1,000, up to $1,000,000.
  • Evidence of Insurability (EOI): EOI is required for any coverage amount greater than $500,000; other situations such as elective increases or late application requires EOI to become insured for any amount. Review the Certificate of Insurance for more information.

Voluntary insurance coverage is based on your age and eligible earnings as of January 1 of the plan year (or as of your new hire/benefit eligibility date, if applicable). Your coverage and deductions will stay the same through December 31 of the plan year. Your eligible earnings include base pay and commissions paid in the preceding 12-month period.

Voluntary spouse or domestic partner life insurance

  • Benefit amount: From $25,000 up to $250,000 in increments of $25,000.
  • Evidence of Insurability (EOI): Necessary for amounts greater than $100,000 during initial enrollment. Required to become insured for any amount if electing coverage outside of your newly eligible period, and for elective increases.

Voluntary child(ren) life insurance

  • Benefit amount (2 options):
    • $10,000 per child
    • $25,000 per child
  • Evidence of Insurability (EOI): No EOI necessary.

Important to know about voluntary life insurance

  • If you are a new hire or newly eligible for benefits, you can elect up to $500,000 in voluntary life insurance on yourself and up to $100,000 in voluntary life insurance on your spouse within your new hire enrollment window without having to provide EOI to New York Life.
  • Some qualifying life events allow you to increase your voluntary life insurance by one multiple of your salary without having to provide EOI (up to certain amounts).
  • Your coverage elections subject to evidence of insurability will not become effective prior to the date New York Life approves the EOI.
Voluntary life insurance rates

Voluntary life insurance rates

Your cost for voluntary insurance is based on the coverage amount you choose and your age and eligible earnings as of January 1 of the plan year (or as of your new hire/benefit eligibility date, if applicable). Your coverage and deductions will stay the same through December 31 of the plan year.

See Voluntary life insurance rates for details.