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.
When you contribute to the 403(b) retirement savings plan, you decide how much to contribute and choose the investment options that fit your goals for your retirement. Depending on the investments you select, you may see your savings grow substantially over time. The Atrium Health Navicent retirement savings plan is valuable for many reasons:
CONTRIBUTIONS: You can contribute a percentage of your pay, up to an annual IRS maximum. If you are at least age 50 by December 31, you are eligible to contribute an additional amount in catch-up contributions. Your contributions are based on your total pay.
MATCHING CONTRIBUTIONS: Atrium Health Navicent teammates working 20 or more scheduled hours per week receive a matching contribution of $1.00 for $1.00 up to the first 3%, and then $0.25 for every dollar up to the next 4%.
TAX SAVINGS: Your pre-tax contributions reduce your taxable income, saving you federal and state income taxes. Atrium Health Navicent’s matching contributions and all your investment earnings are also tax-deferred, meaning that you pay taxes only when you withdraw the money from your account, instead of when you put it in.
FLEXIBILITY: You decide how much to save and how to invest your account. You have control of your retirement savings as you move through your career.
ROTH OPTION: You can participate in the Roth 403(b) option. With the Roth option, your contributions are after-tax dollars, meaning that you pay taxes on the contributions now, allowing you to avoid taxes on your investment income down the road.
You can manage your Atrium Health Navicent retirement account online 24/7.
New User? Click Register to
set up your online account access
Local Corebridge Financial (formerly AIG) Representative:
478-633-2609
Corebridge Financial (formerly AIG) Corporate Toll-Free Number:
800-448-2542
Pension Center:
650-351-8217
NEW HIRES: New hires are automatically enrolled and set up to contribute 3% pre-tax. Eligible new hires and rehires will begin to receive the matching contributions on the first of the month following 90 days of employment.
VESTING: You are always 100% vested in your own contributions. You are 100% vested in Atrium Health Navicent’s contributions after completing three years of service in which you work at least 1,000 hours in each calendar year.
ROLLOVERS:
LOANS: You may borrow from your account and pay yourself back through payroll deductions on an after-tax basis with interest. You may have only one loan outstanding at any one time.
WITHDRAWALS: Hardship withdrawals are available for emergencies as defined by the plan. Limited to the following:
In-service withdrawals are available for teammates age 59 1/2 years or older.
Includes contributions from both teammates and Atrium Health Navicent. 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 have investment options, similar to the 403(b) plan, once the account balance reaches $1,000.
Atrium Health Navicent will help you fund your retirement by contributing dollars to your 403(b) and HSA accounts.
| Teammate: | 403(b) Retirement Plan | HSA |
| Pretax contributions | Yes ($23,000 max in 2024) | $4,150 Teammate Only | $8,300 Family (Includes teammate and Atrium Health Navicent LiveWELL Incentive) |
| After-tax contributions | Yes - Roth ($23,000 max in 2024) | Yes |
| Catch-Up | $7,000 (at age 50+ in for 2024) | $1,000 (at age 55+ in for 2024) |
| Earnings | Pretax contributions taxed at distribution
Roth contributions not taxed at distribution |
Not taxed if used for qualified health expenses |
| Atrium Health Navicent: | 403(b) Retirement Plan | HSA |
| Matching | 100% on first 3%; 25% on each of the next 4%; Total 4% match on 7% contribution |
LiveWELL Incentives for teammates enrolled in the Health Savings Plan can earn up to $750 for teammate-only or $1,500 for family coverage. Teammates enrolled in the Co-Pay Plan can earn up to $500 for teammate-only and $1,000 for family coverage. |
| Vesting | Immediate 100% vested in teammate’s contributions; Vested in matching contributions after 3 years where teammate worked 1,000 hours in each of those 3 calendar years |
Immediate 100% |
This refers to withdrawing money from your account and can be requested upon retirement, when you leave Atrium Health Navicent or become disabled. The plan document and IRS rules govern when you or your beneficiaries must begin receiving a distribution.
To make a change to your 403(b) Plan elections:
Log in to https://www.corebridgefinancial.com/rs/navicenthealth
If you have any questions, please contact the local Corebridge Financial office at 478-633-2609 or Corebridge Financial (formerly AIG) Corporate Customer Support Toll-Free at 800-448-2542.
