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Invest some of what you earn today for what you plan to accomplish tomorrow. It's easy to get started, with help from Palmetto Health. Palmetto Health partners with Fidelity Investments to offer you a great way to save for your retirement.

Retirement Savings Plan

  • The Retirement Savings Plan is made up of two separate plans: the Palmetto Health Retirement Savings Plan and the Palmetto Health Matching Savings and 401(k) Plan, both of which have pre-tax and after-tax Roth options. (Evaluating Investment Options Video)
  • Your contributions go into the Retirement Savings Plan. (Savings and Spending Checkup)
  • If you are eligible for the company’s matching contributions, these matching contributions go into the Palmetto Health Matching Savings and 401(k) Plan. (Basics Microsite)
  • While these are separate plans, together they operate to provide you with benefits at retirement. (Login to Fidelity NetBenefits)

> To manage your Fidelity account online, click here or call 1-800-343-0860.

> To schedule an appointment with a Fidelity representative, click here or call 1-800-642-7131.

Why You Should Consider the Palmetto Health Retirement Savings Plans:

  • Retirement planning tools. You have access to online tools designed to help you manage your assets as you plan for retirement. (Visit Fidelity’s suite of tools Fidelity's Online Tools and Calculators)
  • Matching contributions. Provided that you are in an eligible employee classification, the Palmetto Health Matching Savings and 401(k) Plan helps your contributions grow through an employer match—it’s like getting “free” money. That’s why it makes good financial sense to contribute at least the amount that will provide you the maximum matching opportunity. Please note that employer contributions are subject to your plan provisions, including eligibility and service provisions. After six years of service, you will be fully vested, meaning you can own 100 percent of Palmetto Health contributions. If you leave Palmetto Health prior to six years of employment, you will own a percentage of Palmetto Health’s contributions. See chart below. (Contribution Calculator)
  • Convenience. Your Retirement Savings Plan contributions are automatically deducted from your paycheck. (Create a Budget Video)
  • Tax savings now. Your pretax contributions are deducted from your pay before income taxes are taken out. This means that you may actually lower the amount of current income taxes withheld each period. It could mean more money in your take-home pay versus saving money in a taxable account. (My Money Checkup)
  • Tax-deferred savings opportunities. You pay no taxes on any earnings until you withdraw them from your account, enabling you to keep more of your money working for you now. (Power of Small Amounts)
  • Roth 403(B) option. Unlike a traditional, pre-tax 403(b), the Roth 403(b) allows you to contribute after-tax dollars and then withdraw tax-free dollars from your account when you retire. (Roth 403(b) Video)
  • Catch-up contributions. If you make the maximum contribution to your Plan account and you are 50 years of age or older during the calendar year, you can make an additional “catch-up” contribution of $6,000 in 2017. (Your Contribution Maximizer)
  • Investment options. You have the flexibility to select from investment options that range from more conservative to more aggressive, making it easy for you to develop a well-diversified investment portfolio. (Building a Portfolio for Any Weather Video)
  • Portability. You can roll over eligible savings from a previous employer into the plans. (Wise Choices for Your Old Plan Video)

Palmetto Health Matching Schedule

Years of service

Bi-weekly Matching Contribution*


$1.00 for each dollar you contribute up to 3.5% of bi-weekly pay


$1.10 for each dollar you contribute up to 3.85% of bi-weekly pay


$1.20 for each dollar you contribute up to 4.2% of bi-weekly pay


$1.25 for each dollar you contribute up to 4.375% of bi-weekly pay


$1.40 for each dollar you contribute up to 4.9% of bi-weekly pay

Vesting (Ownership) Schedule

Years of service

Your vested percentage in Palmetto Health’s contributions

Less than 2 years


2 years


3 years


4 years


5 years


6+ years


Bi-weekly matching contributions are up to the matching percentage of your biweekly pay, up to the legal maximum compensation. Your annual matching contributions are equal to the sum of the bi-weekly matching contributions in the year. However, if you make the maximum permissible contribution before catch-up (will be$18,000 in 2017), your matching contributions may be recalculated with the limits applied to your annual pay.

Keep in mind, there are many considerations for saving for retirement. You should carefully read your Summary Plan Description and obtain advice from a tax advisor and investment professional.

Related Links

Enrollment Information

New Benefits for 2018

Have a Question?
Contact the Total Rewards Benefits Center at 803-296-8893, or email TotalRewards