403(b) Plan

Banner Health's 403(b) Plan offers eligible employees the opportunity to set aside money in a pre-tax retirement plan without a waiting period.

Contributions can be directed to the regular 403(b) using pre-tax dollars, the Roth 403(b) using after-tax dollar or a combination of both but not to exceed the IRS annual limits. Please refer to the Banner Retirement Plans Information for further details.

Roll Over to a 401(k)
According to IRS regulations, in order to do a rollover, a distributable event must take place. The IRS defines a distributable event as termination from employment, reaching age 59 ½, disability or death.

Summary Plan Description

Detailed information on this benefit such as eligibility, plan coverage, limitations and contact information can be found in the Summary Plan Description (SPD).

Important to Note

This page contains highlights of the 403(b) plan. The details of how this plan works are included in the legal documents and contracts that govern how the plan operates. In the event of a difference between this page and the legal documents and contracts, the legal documents and contracts will apply. This page does not imply a contract of employment or guarantee of benefits. Banner Health reserves the right to change or discontinue all or part of the retirement plan benefits at any time for any reason.