Your contribution, coupled with Piedmont’s 6% matching contribution, can help you reach your retirement savings goals faster.
To enroll or update your 401(k) TomorrowPlan contributions, visit Fidelity Investments
or call 800-343-0860. For eligibility questions and details, visit Resources, and view the 401(k) TomorrowPlan Summary Plan Description (SPD). Use the 2021 Retirement Contributions Calendar to understand when your deferral changes impact your paychecks.
Not sure where to begin? Fidelity provides a variety of in-person and web-based support, including:
All directors and above (and physicians at Piedmont’s not-for-profit entities) are eligible to participate in this non-qualified plan (includes physicians at Piedmont Athens Regional, Piedmont Columbus Regional and Piedmont Macon; excludes PMCC/PHI).
The plan allows you to defer compensation on a pre-tax basis above IRS pre-tax limits for 401(k) plans. There is not specific enrollment window for this plan, and you may elect to contribute to this plan at any time via netbenefits.com.
Piedmont offers nonqualified plans to physicians only. Under IRS regulations, these plans allow eligible physicians to defer compensation on a pre-tax basis. While you do not pay federal income tax or, if applicable, state or local income tax on the contributions or any associated earnings until a distribution of such funds, Social Security and Medicare taxes are withheld before contributions are credited to your account.
All PMCC and PHI physicians may elect to participate in their respective non-qualified Deferred Compensation Plan, which allows you to defer a portion of your compensation on a pre-tax basis. For physicians at Piedmont Athens Regional, Piedmont Columbus Regional and Piedmont Macon, please refer to the section above for the 457(b) plan details.
This website is not inclusive of all situations and is provided for informational purposes only. It is not intended to be an official legal document. If there are conflicts between the website and IRS regulations, the member handbook, or the Summary Plan Description (SPD), IRS regulations, the member handbook, and the SPD will govern.
If you are a PRN employee, there is a separate Open Enrollment window to review and make changes to your current medical election. Please watch your email for information to come soon. If you have questions, contact the Piedmont HR Service Center at 678-503-1900.
All employees are eligible to make pre-tax, Roth and/or after-tax contributions up to annual IRS limits—$19,500 for 2021. If you are 50 or older during the calendar-year, you can make “catch up” contributions up to an additional $6,500.