You are automatically enrolled in this plan when hired into a benefit-eligible position (0.5 FTE or above). Key features:
You and the health system both contribute based on your years of service. Health system contributions range from 3–8.5% of eligible earnings (see table).
Your contributions are made pretax, helping you take home more of your paycheck.
Your contributions are always 100% vested, yours to keep regardless of how long you stay with our organization.
Health system contributions are 100% vested after completing 3 years of service.
** One year of service is credited for each year in which you work at least 1,000 hours. Contribution levels increase on Jan. 1 following the service year anniversary.
Please note, employees are not able to change 401(a) 'automatic' retirement savings plan contribution rates.