SAINT FRANCIS HEALTH SYSTEM, INC. 401(K) SAVINGS P Contribution & Employer Match
How SAINT FRANCIS HEALTH SYSTEM INC Supports Your Retirement Savings
SAINT FRANCIS HEALTH SYSTEM INC provides retirement savings benefits through SAINT FRANCIS HEALTH SYSTEM, INC. 401(K) SAVINGS P. 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.
SAINT FRANCIS HEALTH SYSTEM, INC. 401(K) SAVINGS P Average Participant Retirement Account Value
SAINT FRANCIS HEALTH SYSTEM, INC. 401(K) SAVINGS P Estimated Average Employee Contribution Amount
286,592.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 4,478.00 in SAINT FRANCIS HEALTH SYSTEM, INC. 401(K) SAVINGS P, assuming a 10%* annual return.
* Data are from public filings.
Employer Match in SAINT FRANCIS HEALTH SYSTEM, INC. 401(K) SAVINGS P
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.
SAINT FRANCIS HEALTH SYSTEM, INC. 401(K) SAVINGS P Total Employer Contribution and Match Rate
SAINT FRANCIS HEALTH SYSTEM, INC. 401(K) SAVINGS P Estimated Average Employer Match
Investing in this additonal $2,918.00 for 20 years would give you extra $186,811.00, 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.
SAINT FRANCIS HEALTH SYSTEM, INC. 401(K) SAVINGS P Contribution & Match Policy
1. Employee Contribution Rates: Participants can elect to defer up to 100% of their pretax compensation.
2. Employer Match/Contribution Conditions: The Employer’s matching contribution is equal to 50.0% of the first 8.0% of eligible compensation that a participant contributes. The Employer also contributes non‐elective contributions equal to 6.0% of the participant’s eligible compensation per pay period, plus 5.7% of the participant’s eligible compensation per pay period that exceeds the Social Security taxable wage base.
3. Vesting Schedule/Eligibility: Participants are fully vested in Employer matching contributions upon completion of six vesting years of service. Employer non‐elective contributions vest upon the completion of six vesting years of service. An employee must complete one year of service and attain age 21 to be eligible for matching and non‐elective contributions and must be employed on the entry date.
4. It allows Roth 401(k) contribution.
SAINT FRANCIS HEALTH SYSTEM, INC. 401(K) SAVINGS P Maximum Match Calculator
This calculator helps to decide what's the minimum contribution you have to maximize your employer match.
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:
| 2024 | 2025 | |
|---|---|---|
| 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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