Retirement

You are automatically enrolled in this plan when hired into a benefits-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, which means the money is yours to keep regardless of how long you stay with our organization.
• Health system contributions are 100% vested after completing 3 years of service.

Please note, employees are not able to change 401(a) “Automatic” Retirement Savings Plan contribution rates. However, those who would like to save more can enroll in the 457(b) “Boost” plan to increase their retirement savings.

All employees, regardless of their benefits eligibility, may sign up for the 457(b) “Boost” Retirement Savings Plan at any time. Pre-tax contributions are made through payroll deduction.

To enroll in the 457(b) “Boost” Retirement Savings Plan, you must register with NetBenefits.com/AtWork if you haven’t already. (See Tips for registering below.)

Key features of the 457(b) “Boost” plan for all employees:

• Save any amount up to the IRS maximum for each calendar year. In 2026, the maximum is $24,500 or 85% of pay, whichever is less. (The 2027 maximum will be posted as soon as it’s released by the IRS.)
  • Employees aged 50 years and older may make an additional “catch-up” contribution of $8,000 per year.
  • If you turn 60, 61, 62 or 63 at any point during the plan year and beyond, you can contribute a higher catch-up amount totaling $11,250 per year.
  • These contribution limits are independent of and in addition to the 401(a) “Automatic” plan. This unique design allows you to save more for retirement than with a traditional 401(k).
• Flexibility to make pretax or Roth (after-tax) contributions, or both.
  • Pretax contributions reduce your adjusted gross income, providing income tax savings now. Contributions and earnings are taxed when withdrawn at retirement.
  • Roth contributions reduce your take-home pay now but allow you to withdraw the money and earnings tax-free when you retire.
  • Note: If your 2025 FICA wages were $150,000 or more, your age-50+ catch-up contributions (the extra $8,000 or $11,250) must be made on a Roth basis.
• When you sign up for the 457(b) boost plan, you can choose to automatically increase your contributions by 1% or more each year.
  • Consider coordinating your automatic increase date and amount with expected pay increases. That way you may be able realize both an increase in take-home pay and a higher contribution toward your retirement.
  • Your contributions are always 100% vested, which means the money is yours to keep regardless of how long you stay with our organization.

To access your 401(a) account or begin contributing to the 457(b) plan, you must register with NetBenefits.com/AtWork. This online resource from Fidelity lets you easily manage your retirement accounts and take advantage of free planning and saving tools.

Registering takes only a few minutes. Here are a few tips to make the process go smoothly:

• To register, visit NetBenefits.com/AtWork.
  • If you have previously registered with Fidelity.com or NetBenefits.com/AtWork, you do not need to register again. Use your existing username and password to access your new account.
  • If you have not yet registered, use the instructions below to set up your account.
  • If registering as a new user, you may be asked to take an additional security step to allow Fidelity to authenticate your account. For example, you may be asked to provide your Social Security number (SSN) to verify your identity. NetBenefits is a secure site built to make it safe for you to provide your SSN and other personal info.
  • If you have other accounts through Fidelity.com or NetBenefits.com/AtWork, your login information applies to these accounts, as well as to accessing your account by phone.
  • After you log in with your account username and password, you’ll be asked to provide your email address, email preferences and mobile phone number. After that, you can:
    • For the 457(b) “Boost” plan – Choose how much to set aside from your paycheck and/or set up automatic annual increases in contributions. You may change your contribution amount at any time.
    • For both plans – Check your balances, change your investments and access planning tools, including a free financial wellness checkup. The resources cover not only retirement, but other personal goals such as college savings, buying a home, budgeting and more.

Questions? Contact Fidelity at 800-343-0860.

If you are enrolled in the health system’s 401(a) “Automatic” Retirement Savings Plan, the 457(b) “Boost” Retirement Savings Plan or both, you are building an estate. It’s important to name who gets your money if something were to happen to you.

“Beneficiary” is the legal term for the person(s) you choose to inherit the assets in your retirement savings accounts. By naming a beneficiary, your money goes directly where you want without your loved ones bearing the cost and lengthy process of probate court.

How choosing beneficiaries works

Your beneficiary could be a partner, child, parent, or someone else you care about. In fact, you can name more than one beneficiary to receive a percentage of the assets for each of your accounts. These are referred to as primary beneficiaries. You can also name secondary (or contingent) beneficiaries to serve as alternates if your primary beneficiaries are not alive when assets are transferred.

You can choose or update your beneficiary at any time. All you need to get started is a name and birth date for each beneficiary. The more details you provide, such as a Social Security number, the easier the transfer of assets will be for your beneficiaries.

Click here to choose your beneficiary. You can also contact the Fidelity Retirement Service Center at 800-343-0860 to request a form to complete and return to Fidelity.