Retirement

As a Martin’s Point Health Care employee, you are automatically enrolled in the Company’s 401(k) Plan at 6% of your biweekly earnings on a pre-tax basis. Your contribution percentage can be modified at any time on the Fidelity NetBenefits site, and you also have the option of making post-tax (Roth) contributions up to the current annual 401(k) contribution limits.

• After 1 year and 1,000+ hours worked, you are eligible for the Martin’s Point Company-paid match of 50% of the first 6% you contribute plus a Company-paid safe harbor contribution of 3% of your eligible compensation.
• Your contributions and the Company-paid safe harbor contribution are 100% vested, immediately.
• You will be 100% vested in the Martin’s Point Company-paid match contributions after 5 years of service.

Are you saving enough for retirement? Just getting started? Visit the Fidelity NetBenefits site or download the Fidelity NetBenefits mobile app to get started anytime, anywhere. Here you can also:

• Learn about plan enrollment and register
• Access account information and check-in on your 401(k) savings
• Change your contribution amount
• Explore investment options
• Use tools and calculators to find out whether you’re on track for your future
• Watch live and on-demand workshop sessions to learn at your own pace

Martin’s Point employees can also sign up for a complimentary 1-on-1 retirement planning consultation with a licensed Fidelity representative by calling 1-800-248-4213 (M-F, 8am – 9pm EST).

Learn how to build long-lasting financial habits with Fidelity’s How You Money mini-video series covering topics such as the fundamentals of financial wellness, debt vs. savings, investment basics, retirement planning, and making the right financial moves.

It’s never too early to start.

We understand everyone’s circumstances are different but starting to save as soon as possible gives your money more opportunity to grow. If you can’t afford to contribute the maximum, invest what you can and then try to increase that amount each year.

ANNUAL 401(k) CONTRIBUTION LIMITS
	2024
Maximum Employee Elective Deferral (age 49 or younger)	$23,000
Employee Catch-Up Contribution (age 50+ by year-end)	$7,500
Maximum Employee Elective Deferral (age 50+ by year end)	$30,000

*Check irs.gov for more information.