There is no waiting period. You can enroll in the Plan at any time. And the sooner you start saving can make a big difference when you reach your retirement.

Enroll on NetBenefits.com at any time, or by calling the Fidelity Retirement Service Center at 1-800-343-0860.

Your enrollment becomes effective once you elect a deferral percentage, which initiates deduction of your contributions from your pay. These salary deductions will generally begin with your next pay period after we receive your enrollment information, or as soon as administratively possible.

Through automatic payroll deduction, you may contribute on a pretax or Roth basis up to 92% of your eligible compensation.

In addition, you can automatically increase your retirement savings plan contributions each year through the Annual Increase Program. This program increases your contributions 1% annually, to help to ensure continued progress toward meeting your future goals. You can opt out of the Annual Increase Program at any time online, or by calling the Fidelity Retirement Service Center at 1-800-343-0860.

You can elect your contribution amount or sign up for AIP on NetBenefits.com under "Contribution Amount" or by calling the Fidelity Retirement Service Center at 1-800-343-0860.

A Roth contribution to your retirement savings plan allows you to make after-tax contributions and take any associated earnings completely tax free at retirement—as long as the distribution is a qualified one. A qualified distribution, in this case, is one that is taken at least five tax years after your first Roth contribution and after you have attained age 59½, or become disabled or die. Through automatic payroll deduction, you can contribute between 1% and 92% of your eligible pay as designated Roth contributions, up to the annual IRS dollar limits.

Find more information online within the “Library” section of NetBenefits^®.

If you have reached age 50 or will reach 50 during the calendar year January 1 – December 31 and are making the maximum plan or IRS pretax contribution, you may make an additional “catch-up” contribution each pay period. The maximum annual catch-up contribution is $7,500.

Starting in 2025, the SECURE 2.0 Act increases the limit for you if you have attained age 60, 61, 62, or 63 in a given calendar year. The limit for 2025 is $11,250.

The IRS contribution limit for 2025 is $23,500.

Memorial Hermann Health System will make a matching contribution of the first 6% you contribute to the Plan. (3% for those participating in the Pension Plan).

Employer Contributions are 100% vested for employees hired before January 1, 2015. For those hired after that date, the following vesting schedule applies:

Years of Service	Percent vested
0-3	0
3+	100

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 many 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 on NetBenefits.com.

We encourage you to take an active role in Memorial Hermann Health System Employees’ Retirement Savings 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 BlackRock LifePath^® Index Fund Class K Shares 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 Memorial Hermann Health System.

If no date of birth or an invalid date of birth is on file at Fidelity, your contributions may be invested in the BlackRock LifePath^® Index Retirement Fund Class K Shares. More information about the BlackRock LifePath^® Index Fund Class K Shares options can be found on NetBenefits.com.

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.

Although your plan account is intended for the future, you may borrow from your account for any reason.

Learn more about and/or request a loan on NetBenefits.com, or by calling the Fidelity Retirement Service Center at 1-800-343-0860.

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

You are permitted to roll over eligible pretax contributions from another 401(k) plan, 403(b) plan, or a governmental 457(b) retirement plan account or eligible pretax contributions from conduit individual retirement accounts (IRAs). A conduit IRA is one that contains only money rolled over from an employer-sponsored retirement plan that has not been mixed with regular IRA contributions.

Additional information can be obtained on NetBenefits.com, or by calling the Fidelity Retirement Service Center at 1-800-343-0860.

Be sure to consider all your available options and the applicable fees and features of each before moving your retirement assets.

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” link on NetBenefits.com, then select “Beneficiaries” and follow the online instructions.