HR and Benefits
Methodist Partners With Fidelity for Retirement Savings Plan. Here's What You Need to KnowPublished: May 22, 2023
Methodist Health System is proud to provide a total rewards package (including pay and benefit programs) that supports employees and their families both today and tomorrow.
An important piece of that package is the retirement program, and we're excited to announce changes that have long been requested by employees and providers.
Effective July 2023, Methodist will begin offering a new retirement savings plan and an enhanced user experience to make it easier for eligible employees to maximize their savings opportunities. This change is positive for employees and Methodist, and it's not about cost savings. In fact, the new plan may result in a larger benefit for many plan participants.
Methodist has selected Fidelity Investments as the retirement service provider of the new Methodist 401(k) plan, which will be available to all eligible employees.
Watch for materials from Fidelity in the coming weeks. It will be mailing important information, including details on how to access your account, what your investment fund options are and how to change your contributions at any time.
Beginning in mid-June, information sessions to help you understand the new plan will be conducted. Information on how to participate will be shared in the coming weeks. Once the plan is activated in July, Fidelity will conduct workshops and one-on-one sessions that will help you get the most out of your new retirement plan.
You can find more detailed information about this transition by clicking "New 401(k) Retirement Plan with Fidelity Investments" under the announcement section of the mhsintranet.
If you have questions, contact the HR Service Center at (402) 354-2200.