Retirement
You have a saving plan to help you save for retirement:
All Children’s Health System, Inc. 403(b) Savings Plan
Eligibility
- Day 1 for employee contributions
- 1 year of service (1,000 hours) for employer nonelective and matching contributions
Your contributions
- You may choose a percentage or fixed dollar amount of your salary to deposit into your account each pay period on a pre-tax and/or after-tax (Roth) basis (up to IRS limits indexed annually).
- Your contributions vest at 100% immediately.
Employer nonelective contribution
• The hospital adds 4% of annual compensation (plus 1% in excess of Social Security taxable wage base for current year).
Employer matching contribution
The hospital adds a 50% matching contribution of the first 4% of employee pay contributed into the retirement account.
Timing of funding
- Employer contributions made annually in March after the end of the year; employees must be active through December 31 of prior year to be eligible.
Vesting Schedule (those who began employment prior to 1/1/2023)
| Years of Service Vesting with Employer | Applicable Vesting Percentage |
| Less than 1 | 0% |
| 1 | 20% |
| 2 | 40% |
| 3 | 60% |
| 4 | 80% |
| 5 or more | 100% |
New Hires (hired after January 1, 2023)
Automatic enrollment for contributions:
- Employees enrolled at 2% of pay, unless they opt out
- Contribution rate auto-increases 1% annually (10% maximum)
- Employees may elect different amount, or none at all, on prospective basis
- Employees can choose investment options; if none selected, contributions invested in 403(b) plan default fund
Employees receive employer match if they make contributions and receive employer nonelective contributions without additional actions
Vesting Schedule (those who began employment after January 1, 2023)
| Years of Service Vesting with Employer | Applicable Vesting Percentage |
| 1 | 0% |
| 2 | 25% |
| 3 | 50% |
| 4 | 75% |
| 5 or more | 100% |
Your IRS maximum contribution
In 2025, you may contribute up to $23,500 of your gross income. If you are age 50 or older you can contribute up to an additional $7,500.
Webinars
TransAmerica hosts webinars throughout the year to help you prepare for the future and make the most of your finances in retirement.
Retirement Plan Essentials (Year round)
No matter what your retirement dream is, the most important thing you can do today is create a retirement strategy that will turn your vision into reality. One of the best tools you can use as part of that strategy is your employer’s retirement plan.
Get Ready to Retire (January and July)
Learn about strategies for transitioning into retirement, and the questions you should be asking now to prepare.
Guide To Medicare (February and October)
Transamerica can help explain the “A, B, C, Ds” of Medicare and how to start piecing together your healthcare strategy.
Women’s Guide to Financial Wellness (March)
Learn about tools and resources to feel confident making financial choices and develop a sound retirement strategy.
Managed Advice (April)
Managed Advice can help you build a personalized investment portfolio, recommend how much to save and connect you with financial professionals who can answer questions about retirement planning.
Guide To Social Security (May)
This webinar will show you how Social Security can fit into your retirement income plan and share different strategies for when to claim your benefit.
Estate and Legacy Planning (June)
Regardless of your age, income, or account balance, an estate plan can help you safeguard your legacy and protect the people most important to you. This webinar explains the importance and purpose of an estate plan and how to get started.
Investing For Retirement (August)
How you invest your retirement savings plays an important role in determining when you’ll be able to retire. The key balancing act to investing is aligning your goals, the number of years you have until you want to achieve those goals (referred to as time horizon), risk tolerance, and reward potential.
Managing Debt (September)
Guide to Retirement Income Planning (November)
Switching from a saving to a spending mindset can be tricky but there are simple steps you can take to make it easier, starting with making a plan. This presentation explains why retirement income planning is critical and discusses key steps to developing your plan.