Vesting is another word for ownership. You are always 100% vested in your own before-tax voluntary contributions, catch-up contributions, any rollover contributions and any investment earnings on those contributions.
The matching contribution HCA makes on your behalf is on a vesting schedule, and you "earn" ownership with your years of service. HCA uses a 6-year graded vesting formula. Here’s an example: Let's say you’ve contributed to the HCA 401(k) Plan and received a match on the entire amount you have contributed. Your contributions have grown to $10,000, and the matching source has also grown to $10,000. Your account totals $20,000. Let’s say you’re vested at 60% based on the years of service.
How much of this money would you be vested in? You would be 100% vested in these contributions (and their earnings) which have grown to $10,000, but only 60% vested in the HCA Healthcare match contribution. 60% of $10,000 is $6,000, so your total vested balance would be $16,000.
| Years of Service | Percent Vested |
| 0-1 | 0% |
| 2 | 20% |
| 3 | 40% |
| 4 | 60% |
| 5 | 80% |
| 6 | 100% |
If you have any questions about your vesting, go to HCAGHR.com, click Benefits, and click on BConnected
or by call (800) 566-4114.
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.