No "enrollment" is necessary (i.e. - you don't set forth a percentage which to contribute). Once you meet the requirements set forth by PHSW, an account will be established on your behalf and PHSW will begin making contributions. You will, however, decide where to invest contributions to this account.

Contributions to the 401(a) Plan are made by PHSW in the form of "matching" and "base" contributions.

PeaceHealth provides a matching contribution of $0.50 for each $1 you contribute to the PHSW 403(b) Plan, up to a limit of 3% of your eligible pay. For example, if you contribute at least 6% of your pay, and meet the plan requirements, you could receive up to 3% of your annual retirement eligible compensation* in a matching contribution.

• Matching contributions are paid at the end of the 2nd, 3rd, and 4th quarters of the calendar year.


• To receive the contribution, you must be employed at the end of the quarter and you must work at least 1,000 hours of service in the year. Special rules are in place for those who terminate due to death or disability.


• The IRS limits the amount of compensation which is eligible for matching contributions. The annual limit for 2025 is $350,000.

PeaceHealth will also provide an employer contribution to eligible caregivers who work at least 1,000 hours during the plan year. The calculation is a percentage of eligible pay* and paid after the end of the calendar year.

Years of Service	Percent of Eligible Pay*
0 - 4.99	4.0%
4.99 - 9.99	4.5
10 – 14.99	5.0%
15 – 19.99	5.5%
20 or more or more	6.0%

* IRS maximum benefit and compensation limits apply.

All contributions made by PeaceHealth will vest according to the following schedule:

Years of Service	Vested Percentage
0 – 1	0%
1 - 2	25%
2 - 3	50%
3 - 4	75%
4+	100%

You must work at least 1,000 hours in a given year to be credited a year of service for vesting.

To help you meet your investment goals, the Plan offers you a range of options. You can select a mix of investment options that best suits your goals, time horizon, and risk tolerance. The various investment options available through the Plan include conservative, moderately conservative, and aggressive funds. A complete description of the Plan’s investment options and their performance, as well as planning tools to help you choose an appropriate mix, are available online.

We encourage you to take an active role in the PHSW Employer Contribution Plan and choose investment options that best suit your goals, time horizon, and risk tolerance. If you do not select specific investment options in the Plan, your contributions will be invested in the Fidelity Freedom^® Index Fund - Institutional Premium Class with the target retirement date closest to the year you might retire, based on your current age and assuming a retirement age of 65, at the direction of PeaceHealth.

If no date of birth or an invalid date of birth is on file at Fidelity, your contributions may be invested in the Fidelity Freedom^® Index Income Fund Premier Class. More information about the Fidelity Freedom^® Index Fund - Institutional Premium Class options can be found online.

Target Date Funds are an asset mix of stocks, bonds and other investments that automatically becomes more conservative as the fund approaches its target retirement date and beyond. Principal invested is not guaranteed.

Withdrawals from the Plan are generally permitted when you terminate your employment, retire, reach age 59½, or if you become permanently disabled, as defined by your plan.

Learn more about and/or request a withdrawal online, or by calling the Fidelity Retirement Benefits Line at 1-800-343-0860.

Rollovers in to the 401(a) plan are not allowed. If you would like to rollover money from another retirement account in to your PHSW account with Fidelity, you may do so in the 403(b) plan.

Additional information can be obtained online, or by calling the Fidelity Retirement Benefits Line at 1-800-343-0860.

If you have not already selected your beneficiaries, or if you have experienced a life-changing event such as a marriage, divorce, birth of a child, or a death in the family, it’s time to consider your beneficiary designations. Fidelity’s Online Beneficiaries Service, offers a straightforward, convenient process that takes just minutes. To make your elections, click on the “Profile & Settings” icon in the upper right-hand corner, then select “Beneficiaries” and follow the online instructions.

Learn about loans, exchanges, and more online. In particular, you can access loan modeling tools that illustrate the potential impact of a loan on the long-term growth of your account. You will also find a withdrawal modeling tool, which shows the amount of federal income taxes and early withdrawal penalties you might pay, along with the amount of earnings you could potentially lose by taking a withdrawal. Additional information can be obtained by calling the Fidelity Retirement Benefits Line at 1-800-343-0860.