OSF HealthCare Employee Benefit: 401K Plan | Glassdoor

OSF HealthCare 401K Plan

Updated May 17, 2018

45 employees reported this benefit

4.3
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Employer Summary

Mission Partners contribute a percentage of their salary (up to 90%, up to IRS limit) per pay period. OSF matches this contribution dollar for dollar up to the first 5% of your eligible pay.

We also offer a catch-up contribution if you are 50 or older by year end (up to IRS limit; no employer match). An additional discretionary contribution may be made annually based on age and years of service.

Eligibility
Must be 21 years old and have completed 30 days of service.

Effective Date
Mission Partners may choose to enroll after two (2) weeks of employment or they will be auto-enrolled at 1% after 30 days of employment.


Employer Verified
Available to US-based employees (Change location)

Employee Comments

Showing 1–10 of 18
  • Sep 17, 2019
    StarStarStarStarStar Current Case Manager in Ottawa, Illinois

    Matches ever $1 up to 5%. Starts right away even for registry positions.

  • Jul 22, 2019
    StarStarStarStarStar Current Service Support Specialist in Peoria, Illinois

    They have a great plan. They match dollar for dollar up to 5%, totalling a 10% of income for your 401k. Great plans through solid providers.

  • Jul 19, 2019
    StarStarStarStarStar Former Employee in Rockford, Illinois

    You are required to invest your 401k in stock market

  • Mar 09, 2019
    StarStarStarStarStar Current Employee in Peoria, Illinois

    It is nice that they match 5% of what you contribute. Not sure if you have to be with the company for 5 years to be able to access the 5% that they contributed. Also in order to take anything out of your 401K while you are employed you have to show that there is a major need in your life to do so.

  • Nov 09, 2018
    StarStarStarStarStar Current Employee in Peoria, Illinois

    they match up to I think 3%

  • Jul 15, 2018
    StarStarStarStarStar Current Certified Nursing Assistant in Urbana, Illinois

    Best is the five percent match. There is a PNC account that has alot of low cost mutual funds that have averaged more than 10% year over year since inception. There is a option to pick your own investment wheather its stock, commodities, bonds ect via charles schawb linked account which charges $4.99 per trade.

  • Apr 02, 2018
    StarStarStarStarStar Current Mental Health Therapist in Ottawa, Illinois

    Matches up to 5%, allowed to choose which funds to allocate.

  • Nov 27, 2017
    StarStarStarStarStar Current Employee in Peoria, Illinois

    The thrift and Savings plan allows a match from the organization for up to 6% of employee income.

  • Oct 05, 2017
    StarStarStarStarStar Current Employee in Peoria, Illinois

    5% match $1 for $1

  • Apr 11, 2017
    StarStarStarStarStar Current Patient Access Associate in Rockford, Illinois

    Dont know much about it, besides the fact I enrolled and they do match the amount ypu put in if you enroll within so many days of being hired


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