Retirement Savings Plan (For Bon Secours Employees)

Take the Time to Maximize Your Retirement Savings

It is still a good time to make an election for your savings in the Bon Secours Retirement Savings Plan (403(b)/401(k)) for 2014.  Here are a few things to consider as you make your plan contribution election:

  • In order to maximize the employer matching contributions you receive from Bon Secours*, you will want to spread your contributions over as many pay periods as possible, up to 26 pay periods, to be sure to maximize your matching contribution.
  • You will not receive matching contributions for any pay periods that you are not making a contribution.  Also, if you elect to stop your employee contributions, your matching contributions for those pay periods will be stopped as well.
  • The IRS has set the maximum 403(b)/401(k) elective deferral limits for 2014 for employee contributions at $17,500.  Individuals over age 50 are eligible to defer up to an additional $5,500 for 2014 (up to $23,000).  The annual compensation limit has been increased to $260,000.

If you were contributing in 2013, your 2013 employee contribution will continue into 2014 until you make a change. You can make a new election or change it under the Plan anytime by visiting the VALIC website,  If you need assistance with your elections, please contact VALIC Client Care Center at (877) 375-2422 or contact your local VALIC representative. If you have questions about your eligibility for the employer matching contributions, please contact

*Please note: Not all employees are eligible for an employer matching contribution.  If you are not certain if you are eligible for an employer match or what the match is please contact BSHSI_RetirementBenefits@