FAITH REGIONAL HEALTH SERVICES EMPLOYEES RETIREMENT PLAN Contribution & Employer Match

How FAITH REGIONAL HEALTH SERVICES Supports Your Retirement Savings

FAITH REGIONAL HEALTH SERVICES provides retirement savings benefits through FAITH REGIONAL HEALTH SERVICES EMPLOYEES 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.

FAITH REGIONAL HEALTH SERVICES EMPLOYEES RETIREMENT PLAN Average Participant Retirement Account Value

In 2024, the average participant retirement account value for FAITH REGIONAL HEALTH SERVICES EMPLOYEES RETIREMENT PLAN is $33,935.00

* Data are from public filings.

Employer Match in FAITH REGIONAL HEALTH SERVICES EMPLOYEES RETIREMENT PLAN

An employer match is one of the most valuable benefits in any 401(k) plan — it is essentially free money added to your retirement savings. Your employer contributes additional funds based on a percentage of your own contributions. Missing out on the full match is one of the most common and costly retirement mistakes employees make.

FAITH REGIONAL HEALTH SERVICES EMPLOYEES RETIREMENT PLAN Estimated Average Employer Match

In 2024, the estimated average employer match for an employee in FAITH REGIONAL HEALTH SERVICES EMPLOYEES RETIREMENT PLAN is approximately $2,378.00
Investing in this additonal $2,378.00 for 20 years would give you extra $152,202.00, assuming a 10% annual return.

* 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.

FAITH REGIONAL HEALTH SERVICES EMPLOYEES RETIREMENT PLAN Contribution & Match Policy

FAITH REGIONAL HEALTH SERVICES EMPLOYEES RETIREMENT PLAN Plan Policies

FAITH REGIONAL HEALTH SERVICES EMPLOYEES RETIREMENT PLAN Contribution, Match and Other Plan Policies

  • NOT_FOUND – The Plan document does not specify employee deferral percentages, auto-enrollment provisions, or catch-up contribution details in the Note 1 description.
  • The employer contribution is based on a schedule tied to participant contributions to a separate tax deferred annuity plan: Less than 5 years of service: 0% if participant contributes less than 3%, 3% if participant contributes 3% or more; 5 but less than 10 years: 0% if participant contributes less than 3%, 3% if participant contributes 3% but less than 4%, 4% if participant contributes 4% or more; 10 or more years: 0% if participant contributes less than 3%, 3% if participant contributes 3% but less than 4%, 4% if participant contributes 4% but less than 5%, 5% if participant contributes 5% or more.
  • Vesting schedule:
  • Less than 3 years: 0%

2025 IRS 401(k) Contribution Limits

The IRS sets annual limits on how much you and your employer can contribute to a 401(k) plan. Knowing these limits helps you maximize tax-advantaged savings. Here are the current limits:

 20242025
Employee elective deferrals (pretax + Roth)$23,000$23,500
Employee + employer contributions combined$69,000$70,000
Catch-up contributions (age 50+)$7,500$7,500
Enhanced catch-up (ages 60–63, SECURE 2.0)N/A$11,250

The power of maxing out: If you contribute the full $23,500 annually for 20 years at a 10% average annual return, you would accumulate approximately $1,505,256. If you can maximize the combined employee+employer limit of $70,000 per year, that grows to roughly $4,480,385 over the same period — more than triple.

Use the 401(k) Savings Calculator to model your specific contribution scenario and see how your savings can grow over time.

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