Banner Health Employee Benefits - Finance  

401(k) Plan

golfers  

Banner Health’s 401(k) Plan offers eligible employees the opportunity to set aside money in a pre-tax retirement plan without a waiting period. Participants in the 401(k) Plan are eligible for matching dollars from Banner Health after one year of employment and those dollars are vested immediately.

Contributions can be directed to either the regular 401(k) using pre-tax dollars, the Roth 401(k) using after-tax dollars, or some combination of the two up to IRS annual limits. Please refer to the Banner Retirement Plans Information for further details.

Banner Health Matching Contributions

Banner Health will match every dollar you put into the 401(k) Plan up to 4% of your annual pay, which includes overtime, shift differential, and on-call pay, after your first anniversary of employment.

In order to receive Banner's matching contributions, you must put the first 4 percent of your retirement contributions in the regular 401(k) using pre-tax dollars.  Any contributions above that 4 percent, can be directed to either the regular 401(k) using pre-tax dollars, the Roth 401(k) using after-tax dollars, or some combination of the two (up to IRS annual limits).

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).

Banner Health Employee Benefits
Contact Us

These pages are highlights of the benefit plans. In the event of a difference between these pages and the legal documents/contracts, the legal documents/contracts will rule. Banner Health reserves the right to change, amend or discontinue all or part of these plans at any time for any reason. View Plan Documents
Follow Us:  
Facebook IconPinterestTwitter IconBlogYouTube Icon
 
 
 
Jump to top links