BAPTIST HEALTH SYSTEM RETIREMENT PLAN Contribution & Employer Match

How BAPTIST HEALTH SYSTEM Supports Your Retirement Savings

BAPTIST HEALTH SYSTEM provides retirement savings benefits through BAPTIST HEALTH SYSTEM RETIREMENT PLAN. Understanding your employer’s contribution structure is essential — it directly affects how quickly your retirement nest egg grows. Below you will find the plan’s average account values and contribution patterns based on publicly filed data.

* Data are from public filings.

Are You Leaving Dollars on the Table?

If you are not contributing enough to capture the maximum employer match, you are literally turning down part of your compensation. For many plans, this can mean thousands of dollars per year in lost employer contributions — money that would compound over decades.

Use the policy details and calculator below to find out exactly how much you need to contribute to capture every dollar of employer matching.

BAPTIST HEALTH SYSTEM RETIREMENT PLAN Contribution & Match Policy

1. Employee Contribution Rates: Employees can contribute up to 2% of their salary for a 150% employer match, plus 50% of contributions that exceed 2% up to 4% of their compensation.

2. Employer Match/Contribution Conditions: The employer matches 150% of salary deferrals up to 2% of compensation and 50% of salary deferrals between 2% and 4% of compensation, with conditions that participants must be at least 21 years old and have completed a year of service.

3. Vesting Schedule/Eligibility: Participants are immediately vested in their voluntary contributions. They become 100% vested in the employer’s safe harbor matching contributions after one year of service (780 hours during a consecutive twelve-month period). Eligibility requires at least 60 days of service and the employee must be at least twenty-one years old.