What retirement plan does AdventHealth use?
AdventHealth Corporate Retirement Plan
The Adventist HealthCare Retirement Plan (AHRP) is designed to help achieve a financially secure retirement. For most participants, the AHRP is actually two plans that both work to provide you with income for retirement, the AHRP 401(a) Plan and the AHRP 403(b) Plan.
What is a AHRP 403b plan?
The Adventist HealthCare Retirement Plan (AHRP) is a great way to save money for your future—through deductions from your pay while you're working. ... The 403(b) Plan Tax-Sheltered Annuity— You can contribute to your account before or after taxes, or both.
What is a 403 B plan vs 401k?
401(k) plans are offered by for-profit companies to eligible employees who contribute pre or post-tax money through payroll deduction. 403(b) plans are offered to employees of non-profit organizations and government. 403(b) plans are exempt from nondiscrimination testing, whereas 401(k) plans are not.
What is the difference between 403b and 401a?
While similar, the main difference between 401(a) and 403(b) plans is often eligibility and plan design. 401(a) plans allow employers to require enrollment for eligible workers and set contribution models—but employers must also contribute to these plans. 403(b) plans, on the other hand, make enrollment voluntary.