The best day to start saving for your future is today – even if you need to start small. To help you build a secure retirement, our health system offers two savings plans, a carefully chosen lineup of investment options and financial wellness resources for every stage of life.

Review this summary of retirement savings plans highlights and read below for more details.

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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.
  • Broad range of investment options to suit your goals, time horizon and risk tolerance. (Includes a self-directed brokerage option.)
  • Manage your account online at NetBenefits.com/AtWork or with the NetBenefits mobile app.

Years of service**

1,000+ hours/year

Employee
contributions
% base pay

Health system
contributions
% base pay

0 to 4

4

3

5 to 9

4

4

10 to 14

4

5

15 to 19

4

6

20 or more

5.5

8.5

* 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.

This plan offers a tax-advantaged way for you to save even more for your future. Key features:

  • Save any amount up to the 2023 IRS maximum of $22,500 (or 85% of pay, whichever is less)
    • If you are age 50 or older, you may contribute up to $7,500 more.
    • These contribution limits are independent of the 401(a) plan. This unique design allows you to save more for retirement than with a traditional 401(k).
  • Flexibility to make pretax or after-tax (Roth) contributions, or both.
    • Pretax contributions reduce your adjusted gross income, providing income tax savings. Contributions and earnings are taxed when withdrawn at retirement.
    • After-tax (Roth) contributions reduce your take-home pay now but allow you to withdraw the money and earnings tax-free when you retire.
      • Earnings can be withdrawn tax-free if you are at least age 59-1/2 and you’ve had your Roth account for 5 years or more.
  • Your contributions are always 100% vested.
  • Broad range of investment options to suit your goals, time horizon and risk tolerance. (Includes a self-directed brokerage option.)
  • Manage your account online at NetBenefits.com/AtWork or with the NetBenefits mobile app.

Auto-escalation makes it easier for you to save. When you sign up for the voluntary 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.

Get help with your accounts: Fidelity Retirement Service Center: 800-343-0860

Get personalized financial help and planning

Employees eligible for the retirement plans can meet with a workplace financial consultant from Fidelity for free. Get one-on-one help to create a plan to pay off debt, save for a home, college or other goals, prepare for retirement and more. These confidential sessions are available in person, by phone or virtually.

Schedule a time to meet

To get help now, speak to a Fidelity planner at 800-642-7131, 7:30 a.m.-8 p.m. CST weekdays.

Free digital financial resources

All employees have access to free online financial resources. This includes videos, articles, webcasts, live Q&A sessions and interactive calculators.

Visit Fidelity.com/CheckYourVitals for help specific to those who work in healthcare – no matter where you are in your financial journey.