Carle Health Contributions
Employer 3% Match
After one year of employment in which you have worked 500 hours and are age 21 or older, Carle Health may match up to 3% of your eligible compensation if you're contributing. Matching begins on January 1 or July 1 upon meeting the requirements.
Annual Discretionary Contribution
After two years of employment in which you have worked 500 hours and are age 21 or older, Carle Health may provide a discretionary contribution up to 5% of your eligible compensation to your retirement account each year. You need to have been actively employed on the last normal working day of the plan year and worked at least 500 hours. Team members age 62 that retire prior to the last normal working day of the plan year are still eligible to receive the annual contribution regardless of the hours they have worked. Contribution dollars are deposited after the first quarter of the calendar year for the previous year.