HCA Healthcare 401(k) Plan | Wealth45

HCA Healthcare 401(k) Plan | Wealth45

HCA 401(K) PLAN
- $
  
  23000
  
  How much can I contribute?
  
  The IRS limits the total amount you can contribute each year to a 401(k) plan. Limit is $23,000 for 2024.
- $
  
  7500
  
  What are “catch-up” contributions?
  
  For those over 50 years old, you can make additional “catch-up” contributions to your 401(k) plan. Limit is $7,500 for 2024.

- HCA 401(k) Plan
  
  At the end of 2021, the HCA Healthcare 401(k) Plan had 301,925 participants with account balances and $21.8B billion in assets.
- HCA Employee Contributions
  
  Each participant may elect to contribute between 1% and 50% of pre-tax compensation to the Plan through payroll deductions up to IRS limits.
- Automatic Enrollment Feature
  
  Plan allows auto-enrollment for newly hired employees at 3% of eligible compensation, increasing by 1% annually.
- HCA’s Contributions
  
  HCA Healthcare makes a 100% annual match on your contribution. 401(k) match ranges from 3% to 9% of pay based on years of service.
- HCA Vesting
  
  Contributions are 100% vested at all times. Matching contributions vest 20% per year, beginning at two years. Fully vested after six years of service.
- HCA Investment Options
  
  HCA’s 401(k) plan has ~19 investment options, including a 5 “To-Go” funds with an asset allocation based on expected years until retirement.

401(k) Plan Details & Investment Options

* 401(k) retirement savings plans are required to file Form 5500 each year with the Department of Labor. This form provides a summary of the plan and lists all plan investments (see last few pages of the document for investment list).

HCA 401(k) Resources
- HCA Total Rewards (2020)
- HCA Investment Options (2023)

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