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Works similarly to the 401(k) plan in that savings and earnings grow tax-free until dollars are withdrawn at retirement.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.
| Teammate Contribution |
Atrium Health Contribution |
| Up to 100% of eligible compensation ($23,000 max in 2024) |
No Contribution |
| Up to $7,500 in catch-up contributions (at age 50 for 2024) |
Access & Manage Your Account
AtriumHealth.org/Retirement
You can manage your Atrium Health Retirement accounts online 24/7.
New User? Select the I Do Not Have a Pin tab. Follow the prompts to register.
Empower Retirement:
866-247-0970
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.
Eligibility
Teammates who are at least 18 years of age are eligible to participate in the ADVANTAGE plan upon hire.
- Provides an additional savings plan where you can make additional pretax contributions after taking full advantage of the 401(k) and HSA plans.
- Contributions are automatically deducted before you pay current income taxes.
- Investments grow tax-deferred and are taxed only when you take a distribution.
- You may contribute a dollar amount between $1.00 and any dollar amount of your eligible pay, up to the annual IRS contribution limit of $23,000 in 2024.
- Catch-up contributions of $7,500 are allowed for teammates who will be age 50 & older in the current calendar year.
- The plan features immediate 100% vesting.
- Teammates can participate in both the 401(k) and the ADVANTAGE plans.
- Atrium Health does not make matching contributions to this plan.
Change Your 401(k) or AVANTAGE Plan Elections
To make a change to your 401(k) or Advantage Plan elections:
Log in to AtriumHealth.org/retirement
- Click on Account at the top of the page.
- Click on Contributions.
- Under My Contributions, you will see a list of your current elections.
- Click on Edit next to the option you want to change.
- Use the slider to make your desired change.
- Click Continue and follow the prompts to save your change.
If you have any questions, please contact Empower Retirement at 866-247-0970.
