Trinity Health offers associates participation in the 403(b)/401(k) Retirement Savings Plan. In addition, Trinity matches associate contributions up to a maximum of 3% of plan compensation (or $500 if greater). For calendar year 2013, the employer match amount is suspended. In years where there is an employer match, the match formula is as follows:

• 100 percent of the first $500 you contribute, plus,
• 50 percent of your contribution over $500,
• Up to a maximum match of 3 percent of plan compensation (or $500, if greater).

You can contribute to the 403(b)/401(k) Plan through pre-tax contributions, up to 75% of your plan compensation limited by the annual IRS limit.

• The IRS contribution limit for 2013 is $17,500. If you are at least age 50 or older in 2013, (removed text) you can make additional contributions (removed text) up to an additional $5,500 in 2013. See your Diversified Retirement Plan Specialist for assistance.

As a participant in the 403(b)/401(k) Plan, you will be able to invest the amount of both your pre-tax contributions and any employer matching contributions, in the investment options available under the 403(b)/401(k) plan. To enroll in the Retirement Savings Plan, simply log onto the Trinity Health Retirement Program website, visit your local Diversified Retirement Plan Specialist, or call Diversified at 1-800-394-5240.

If you are currently enrolled, congratulations! Make sure to periodically log into your account using the Trinity Health Retirement Program website and click on Retirement Planning to use RetireTrack and other various tools to ensure you are saving enough to meet your retirement goals.

Cash Balance Pension Plan

Trinity Health associates are eligible for the Cash Balance Pension Plan (Pension Plan).  The benefit you earn under the Trinity Health Pension Plan is based on pay credits.  A pay credit is a percentage of your plan compensation that is added to your cash balance account on an annual basis.  The percentage of compensation you receive is determined by a points system.  Points are determined by adding your age plus years of benefit service.  Based on these points, you earn a percentage of your plan compensation credited annually based on the following schedule.  Interest credits are also credited annually on your prior year ending balance.

Less than 45 points = 3% of pay
45 - 64 points = 5% of pay
65 and greater points = 7% of pay