The Importance of Saving

How much can I invest each year in my 401(k) Plan?
The maximum that an individual 49 years of age or younger can invest annually into their 401(k) plan during 2024 is $23,000. If they attain the age of 50 du...
Fri, 19 Jan, 2024 at 12:24 PM
How much do I need to save to maximize the employer matching contribution?
If you are eligible for the HCA Healthcare Plan and matching contribution, at the end of each plan year in which you satisfy the eligibility requirements, y...
Thu, 22 Aug, 2024 at 1:28 PM
How much will this affect my take-home pay?
It may be less than you think!  For example: If you earn $15 per hour and work 40 hours in a week, 3% would equal about $18 per week. If you are in a federa...
Fri, 25 Mar, 2022 at 3:53 PM
Why does my contribution go up automatically every year?
There is an auto-increase feature built into the HCA 401(k) Plan.  This is built into the Plan to help you get on track for retirement.  You may set the rat...
Thu, 22 Aug, 2024 at 1:25 PM
What impact does my college loan debt have on my ability to save in the 401(k) Plan?
Understandably, the more debt you have, the more difficult it is to save.  If possible, take full advantage of the employer match, which is "free money...
Thu, 22 Aug, 2024 at 1:26 PM
What else can I do if I am investing the maximum amount possible?
Depending on your situation, you may be able to contribute to an IRA (Individual Retirement Account), separately from your 401(k) Plan.  The 2024 IRA contri...
Fri, 19 Jan, 2024 at 12:25 PM
I’m going to retire soon. What can I do now to maximize my savings?
Congratulations, and thank you for your dedication! We hope you have enjoyed your career with HCA Healthcare.    While building a healthy retirement nes...
Fri, 16 Jun, 2023 at 10:30 AM
Why was I automatically enrolled in the HCA Healthcare 401(k) Plan.
HCA Healthcare cares about you and your future and by offering auto-enrollment, they are helping you start preparing for retirement as soon as you are eligi...
Thu, 22 Aug, 2024 at 1:27 PM
If I don't contribute for two months or don't get the match, can I contribute extra in the following two months to get it back?
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 emp...
Thu, 22 Aug, 2024 at 1:27 PM
Can I transfer money into my 401(k) Plan from my savings account?
No, contributions to a 401(k) plan can be made by salary deferral only.  Therefore, you should look at how your post-tax resources could help pay your usual...
Fri, 7 Jan, 2022 at 4:15 PM