Retirement Plans through Fidelity
While you may feel it is too soon to start thinking about retiring, Sun Health recognizes that each Team Member is on a different path to retirement and wants to assist our Team Members with their retirement goals. The earlier you start saving; the more money you will save and Sun Health contributes towards that savings.
Sun Health has two retirement plan options for Team Members to participate in:
- 401(k): Pre-tax contributions
- Roth 401(k): After-tax contributions
When Team Members participate in Sun Health’s retirement plan, Sun Health will match up to 100% of the first 3% the Team Member contributes AND an additional 50% on the next 2% the Team Member contributes for up to a full 4% match maximum.
Team Members that are at least 21 years of age are setup for automatic enrollment in the 401(k) plan after on-boarding. Participation generally starts after 30 days of hire, regardless of whether or not they may be eligible for other benefits offered by Sun Health. Team Members are auto enrolled at a contribution of 5% each pay period when eligible.
New Hires are reported from Sun Health to Fidelity weekly to start the eligibility tracking for enrollment. Team Members will receive email notifications (typically a personal email) from Fidelity with important information about eligibility, creating account and setting contributions. Please note this email will likely come/show in your email from “Your Benefits Center,” but when you open the email it will say Fidelity.
Team Members will manage their 401k account(s) directly through Fidelity.
Team Members can start, stop and change their contribution at any time during the year by managing their plan through their site: www.netbenefits.com.
Contribution Information:
- Contributions are based on a calendar year (January – December).
- Annual contribution maximums are set forth by the Internal Revenue Service (IRS) each year.
Annual maximum limit for 2026: $24,500
- Participants who are age 50-59 and 64+ can save an additional $8000 (total of $32,500) in 2026.
- For those participants that are age 60-63 in 2026, you can save an additional $11,250 (total of $35,750) in 2026.
Should you have any questions regarding your specific account(s) we encourage you to reach out to Fidelity directly.
If you have other questions, you can contact the Benefits team at Benefits@sunhealth.org or contact (602) 980-1800.
Additional Resources
Retirement Online Account Access Flyer
Fidelity Net Benefits Mobile
Beneficiary Designation Form
Tax Savers Credit Information