The IRS limits the total amount you can contribute each year to a 401(k) plan. Limit is $23,000 for 2024.
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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)
Own HCA Stock in Your 401(k)?
Learn how you can potentially realize a significant tax savings.
