Does Springfield Clinic offer a retirement plan to its employees?
Yes, we are very proud of our retirement plan and hope that you take advantage of its many benefits. Once you become eligible (one year of employment, worked 1,000 or more hours and are 21 or older), you will be invited to participate in our 401K plan, which allows you to make pre-tax contributions to your individual retirement account. After the second year of employment, you will become a participant in our profit-sharing portion of the plan, which allows you to receive annual contributions from the Clinic, based on your previous year's earnings.

Is there a maximum rate I can contribute to my tax-sheltered annuity (401K)?
Yes, our plan allows for up to 50% of your annual earnings or the maximum/limit that is set by the IRS for that year, as each year, these limits are adjusted by the IRS. Please check with Human Resources for the particular year's maximum/limit. In addition, employees and physicians over the age of 50 are allowed to make additional "catch-up" contributions if they so choose. We would encourage you to discuss your eligibility and contribution options with our Human Resources Department or a representative from our plan trustee, Merrill Lynch.