68 Scripps Health 401(a) Retirement Savings Plan Save today for a more secure retirement tomorrow The 401(a) plan is designed to help you prepare for retirement through a combination of employee savings and employer contributions. Highlights of the plan are included here. For complete plan details, go to www.netbenefits.com or refer to your enrollment guide. Eligibility All employees age 21 and older who have completed six months of service will be automatically enrolled in the Scripps Health 401(a) Retirement Savings Plan. Enrollment If you are a new hire, you will be automatically enrolled in the plan at a rate of one percent of pay once you meet the eligibility requirements. You can increase, decrease, or stop your contributions at any time by calling Fidelity at 800-343-0860 or by logging in at www.netbenefits.com. If you are an existing employee and you elected to opt out in the past, you can enroll in the plan at any time by calling Fidelity at 800-343-0860 or by logging in at www.netbenefits.com. Scripps Annual Contribution* All eligible employees receive a one percent annual contribution to their 401(a) account from Scripps. To receive this contribution, you must be employed by Scripps on the last day of the year. Employee Contributions Employees considered non-highly compensated by IRS guidelines may contribute up to sixty percent of pay on an after-tax basis. Employees considered highly compensated by IRS guidelines may contribute up to three percent of pay. Contribution amounts may be changed at any time at www.netbenefits.com or by calling Fidelity Investments at 800-343-0860. Scripps Matching Contributions Scripps matches your after-tax contributions based upon your years of service. Employees who have worked at Scripps for less than ten years will receive a match of three percent provided that they contribute at least three percent. Employees who have worked at Scripps for ten or more years and contribute at least three percent will receive enhanced matching contributions according to the schedule that follows. You must be employed on the last day of the year to receive the match for that year.* * Eligible employees who retire at age 65 or older (and are not employed on December 31) will still receive the Scripps matching and annual contributions for that calendar year. RETIREMENT SAVINGS Quick Facts YOUR ACCOUNT • S cripps makes a 1% annual contributions for eligible employees • Y ou can make after-tax contributions and receive Scripps matching contributions • You choose how your account is invested ENROLLMENT • Y ou may enroll or make contribution and investment changes at any time at www.netbenefits.com or by calling Fidelity at 800-343-0860 RESOURCES • www.netbenefits.com Years of Service Scripps Annual Contribution Employee Contribution Scripps Matching Contribution Your Total Annual 401(a) Savings 0-9 1% 3% 3% 7% 10-14 1% 3% 4% 8% 15-19 1% 3% 5% 9% 20 + 1% 3% 6% 10%
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