Teammates

Retirement

Every day, you commit yourself to caring for the health of our patients and their families — and through that commitment you strengthen the communities we serve. We want you to feel the same pride for your own financial well-being as you have for the quality care you deliver and the support you provide to others.

In This Section:


Access and Manage Your Account

You can manage your Atrium Health Retirement accounts online 24/7.

AtriumHealth.org/Retirement

  • Current Users: If you have a retirement plan account through another employer for which Empower is the service provider, please call Empower Retirement to obtain a Username and Password.
  • First Time Users: Select the I Do Not Have a Pin tab. Follow the prompts to register.

For questions, contact Empower Retirement at 866-247-0970.

 

Your Retirement Plans

Review the 2020 Atrium Health Retirement Plans Summary 

401(k) Retirement Plan

Allows teammates to save and invest a portion of their paycheck on a pretax or Roth after-tax basis. Federal and state income taxes on pretax savings, as well as investment earnings, are deferred until the dollars are withdrawn at retirement. Atrium Health also makes contributions to the 401(k) plan.

Learn more about the 401(k) Retirement Plan.

Health Savings Account (HSA)

Includes contributions from both teammates and Atrium Health. Funds from the HSA are used to pay for eligible healthcare expenses. This includes prescription medications, vision and dental expenses, office visits, deductibles and co-insurance. HSA contributions and earnings are not taxed when the dollars are deposited or when the teammate takes them out for healthcare-related expenses. Teammates can invest money in their HSA, similar to the 401(k) plan, once the account balance reaches $1,000.

Learn more about the Health Savings Account.

 

 

Watch this seven minute video for help understanding your three retirement plan options.

ADVANTAGE Retirement Plan

Works similarly to the 401(k) plan in that savings and earnings grow tax-free until dollars are withdrawn at retirement. The ADVANTAGE plan should be utilized as an additional pretax retirement plan to supplement the 401(k) plan.

Learn more about the ADVANTAGE Retirement Plan.

 

Contributions

Atrium Health will help you fund your retirement by contributing dollars to your 401(k) and HSA accounts.

Teammate: 401(k) Plan HSA ADVANTAGE
Pretax Up to 75% of eligible compensation
($19,500 max in 2020)
$3,550 Single | $7,100 Family
(Includes teammate and Atrium Health contribution)
Up to 100% of eligible compensation
($19,500 max in 2020)
Roth / After-tax Yes  Yes No
Catch-Up $6,500 (at age 50 for 2020) $1,000 (at age 55 for 2020) $6,500 (at age 50 for 2020)
Earnings Not taxed until distribution Not taxed if used for qualified health expenses Not taxed until distribution
       
Atrium Health: 401(k) Plan HSA ADVANTAGE
Total Atrium
Health 401(k)
Contribution
7% – 8%
Basic: 2% of eligible pay
Matching: Up to 4%
Performance-Based: 1 - 2% based on
performance and teammate years of service
LiveWELL Incentive up to:
$750 Teammate Only
$1,500 Family
No Atrium Health contribution
Vesting Basic: 100% after 3 years
Matching: Immediate 100%
Performance-Based: Immediate 100%
Immediate 100% Immediate 100%