This depends – If you are eligible for a match and HCA matches you annually, you may contribute extra to make up for the match you missed. If you are an employee who is matched per pay period, you cannot make-up for the missed matching.
Generally, it is best to contribute to your plan from every paycheck when possible. This may also improve your investment performance because of systematic investing or what is referred to as dollar-cost averaging. Typically, the end result for a person that invests per pay period is that they end up buying more shares of their investments over the course of the year than the person who contributes a lump sum at one time. Dollar-cost-averaging is an effective strategy commonly used by plan participants.
To access more details about the 401(k) Plan features, go to HCAGHR.com, click Benefits, and click on BConnected.
Remotiv is not affiliated with HCA Healthcare and is a private company hired to provide independent investment education. All responses are intended to be educational in nature and should not be considered advice.