Good news, the wait is over.
Retirement changes and updates
We are pleased to announce an important enhancement to your 401(k) retirement benefit.
These enhancements will be effective as of January 2, 2025.
There will be a brief transition process for all participant accounts including a black-out period that will occur from December 27, 2024 - January 2, 2025. You should receive the transition notice at your home address after December 2, 2024. It is our goal to minimize disruption to participants and thoroughly communicate all relevant aspects of this transition. You will be provided with multiple opportunities to learn more about the transition process and plan enhancements. No action is required to make this move.
Benefits of this change include:
- Combined organization retirement plan for team members under the Globus Medical Inc. 401(k) Plan.
- An upgraded digital experience with robust retirement resources through the Voya website, including personalized modeling tools to assist with your retirement and financial planning
- Additional investment options including professionally managed solutions
Overview of plan features as a result of these enhancements:
For a detailed overview of all of the plan features, click here [open new tab with Plan Features Doc]
- The Plan will continue to offer a discretionary matching contribution that is equal to a percentage of your salary deferrals.
- New investment options.
Globus Medical Inc. is pleased to announce that we have teamed up with Voya Financial® to bring you an enhanced retirement benefit under the Globus Medical Inc. 401(k) Plan.
These changes will be effective as of January 10, 2025.
There will be a brief transition process for all participant accounts including a black-out period that will occur from December 30, 2024 - January 10, 2025. You should receive the transition notice at your home address after December 2, 2024. It is our goal to minimize disruption to participants and thoroughly communicate all relevant aspects of this transition. You will be provided with multiple opportunities to learn more about the transition process and plan enhancements. No action is required to make this move.
Benefits of this change include:
- Combined organization retirement plan for team members under the Globus Medical Inc. 401(k) Plan,
- An upgraded digital experience with robust retirement resources through the Voya website, including personalized modeling tools to assist with your retirement and financial planning
- Additional investment options , including professionally managed solutions
Overview of plan features as a result of these enhancements:
For a detailed overview of all of the plan features, click here.
- The plan will continue to offer a discretionary matching contribution that is equal to a percentage of your salary deferrals.
- New investment options.
Helpful Tools
Important information
View the fund mapping for the Globus Medical Inc. 401(k) Plan.
View the new plan features for the Globus Medical Inc. 401(k) Plan.
View the Nuvasive Inc. fund changes.