REDLANDS COMMUNITY HOSPITAL PLUS PROGRAM Contribution & Employer Match

How REDLANDS COMMUNITY HOSPITAL Supports Your Retirement Savings

REDLANDS COMMUNITY HOSPITAL provides retirement savings benefits through REDLANDS COMMUNITY HOSPITAL PLUS PROGRAM. 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.

REDLANDS COMMUNITY HOSPITAL PLUS PROGRAM Contribution & Match Policy

1. Employee Contribution Rates: Participants may enter into a salary deferral agreement with the Employer, deferring up to the maximum allowable amount as determined yearly by the Internal Revenue Service (IRS).

2. Employer Match/Contribution Conditions: The Employer provides a matching contribution of $0.25 on the dollar up to 5 percent of compensation for participants with over one year and up to three years of service; $0.50 on the dollar up to 5 percent of compensation for participants with over three years and up to six years of service; and $0.75 on the dollar up to 5 percent of compensation for participants with more than six years of service. The Employer may make a discretionary matching contribution at its discretion.

3. Vesting Schedule/Eligibility: Participants are immediately vested in their contributions plus earnings thereon. Effective November 1, 2012, active participants became 100 percent vested in all prior and future Employer matching contributions and Employer discretionary matching contributions. Employees are eligible for the Employer matching contribution and Employer discretionary matching contribution if they have completed one year of service, are not covered by a collective bargaining agreement, and are not a nonresident alien.