Retirement Savings Plan Overview

Overview | 403(b) | 401(k)

The Trinity Health Retirement Savings Plan is one component of your retirement program at Trinity Health. The Plan offers a 403(b) Retirement Savings Plan or a 401(k) Retirement Savings Plan to participants based on their work location.

The purpose of the Retirement Savings Plan is to allow both you and Trinity Health to contribute to your retirement to help you reach your retirement goals. The Plan provides a flexible, convenient and competitive retirement benefit that is portable.

Highlights of the Trinity Health Retirement Savings Plan include:

PLEASE NOTE: THE 403(b)/401(k) EMPLOYER MATCHING CONTRIBUTIONS HAVE BEEN TEMPORARILY SUSPENDED EFFECTIVE JULY 1, 2009. THE DOT POINTS BELOW, RELATED TO EMPLOYER MATCHING CONTRIBUTIONS, REFLECT THE PROVISIONS OF THE EMPLOYER MATCHING CONTRIBUTION PRIOR TO THE SUSPENSION. CLICK HERE TO OBTAIN IMPORTANT INFORMATION REGARDING THE TEMPORARY SUSPENSION.

• Trinity Health makes a dollar-for-dollar employer matching contribution on the first $500 you contribute. Then, Trinity Health matches any additional contributions with $.50 for every $1.00 you contribute, up to the maximum employer matching contribution or $500, if greater. Click here to use the match calculator.
  
• The vesting schedule for the Trinity Health matching contributions is 3 years vesting service.
  
• You can choose from 14 investment options in the Savings Plan. In addition, you will have access to a Schwab self-directed brokerage account to purchase various mutual funds.
  
• Prior to July 1, 2009, the employer matching contribution will be credited to your Pension Plan Match Account for 403(b) Savings Plan participants. It will receive a guaranteed rate of return based on the 5-year US Treasury Bill Constant Maturity rate for the preceding November. If eligible, effective July 1, 2009, the employer matching contribution will be credited to your 403(b) Plan Account for 403(b) Savings Plan participants. The 403(b) Matching Contribution Account is subject to the earnings and losses associated with the investment fund(s) the contributions are invested. Participants with a 401(k) Plan will continue to have their employer matching contribution credited to their 401(k) account.
  
• All contributions to the Retirement Savings Plan are made and invested on a pre-tax basis. This means your contributions are deducted from your paycheck before income taxes are taken out. This means you will have a lower taxable income and will pay less in federal taxes.
  
• You are able to contribute 1 - 75 percent of your compensation. You may change this election at any time.
  
• You may have the ability to withdraw funds or take a loan from the Plan.
  
• You can make transactions by phone by calling 1-800-394-5240 or through the Internet.