West Virginia University Hospitals East

Employment

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Benefits — Retirement Options

West Virginia University Hospitals–East offers a retirement savings plan* for all eligible employees 21 years of age or older.

Employees may elect to contribute pre-tax savings to a 401(k), up to $15,500 annually. WVUH-East will contribute an amount equal to 50% of employees' contributions, up to 2% of their annual salary.

WVUH-East may contribute an amount each year that is a percentage of the employee's annual base pay (employer discretionary non-elective contribution). Employees are eligible for this contribution after meeting the eligibility requirements.

Employees are always 100% vested in the accumulated value of their employee pre-tax contributions.

Employee matching and employer discretionary nonelective contribution are vested as follows:

• 20% vested after Year 1
• 40% vested after Year 2
• 60% vested after Year 3
• 80% vested after Year 4
• 100% vested after Year 5

Financial Management Services

Employees elect to invest their money from the following options:

• Mutual Funds — Build your own portfolio from a series of mutual fund options representing the major asset classes.
• Life Style Funds — Select a managed portfolio that target your risk tolerance or your time horizon.
• Reality Investing — Have a qualified financial expert provide a personalized investment solution through active account management.

The service provider for the plan is Great-West Retirement Services.

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