Adventist Health System 457(b) Eligible Deferred Compensation Plan

Build Additional Retirement Savings

The AdventHealth 457(b) Deferred Compensation Plan gives eligible team members another way to save for retirement in addition to the 403(b). Because the 457(b) has a separate IRS contribution limit, you may be able to save in both plans.

At a Glance

• 2026 contribution limit: Up to $24,500 annually.
• Save beyond your 403(b): You may be able to contribute to both your 403(b) and 457(b), subject to IRS and plan limits.
• Pre-tax contributions: Contributions are deducted from your paycheck before taxes, which can reduce your taxable income today. Taxes are generally paid when funds are distributed.
• Automatic contribution limit: Once you reach the applicable IRS contribution limit, your 457(b) payroll deductions will automatically stop for the remainder of the calendar year.

Who May Benefit

A 457(b) may be a good option if you’re already contributing the maximum to your 403(b) and want another way to save for retirement.

Save More for Retirement

If you're already contributing the maximum to your 403(b) and want to save more, the 457(b) provides another opportunity to set aside money for retirement.

Benefits

• Save more: Use the 457(b) in addition to your 403(b), subject to applicable limits.
• Lower taxable income today: Pre-tax contributions may reduce your taxable income.
• Build retirement savings: Set aside additional money for your future through payroll deductions.

Who May Find It Helpful
The 457(b) may be especially helpful for team members who want to save beyond what they can contribute to their 403(b).

Good to Know:
A 457(b) has different distribution rules than a 403(b), including rules that may allow access to funds after separation from service. Review the plan details before making decisions about your retirement savings.

Getting Started

If you're enrolling in the 457(b) for the first time, contact an AHRP representative to request a district code change. Once your district code has been updated, you can set up your 457(b) contributions through Fidelity NetBenefits or by calling Fidelity Customer Service at Call800-835-5095.

Set Up Your Contributions Online

1. Go to AHRP.com and select Access My Account
2. Log in to Fidelity NetBenefits.
3. Select the 457(b) plan
4. Open the Contributions tab
5. Select Deferral Elections
6. Enter your desired contribution percentage
7. Select Change Deductions
8. Review your election and select Submit

Before You Enroll

• If this is your first time enrolling, contact AHRP first so your district code can be updated.
• Once your account is unlocked, you can manage your contributions through Fidelity NetBenefits.
• Review your contribution amount periodically and update it as your financial situation or retirement goals change.

Ready to save more?

Know How Your 457(b) Works

A few important details can help you make informed decisions about your 457(b) contributions.

• Tax-deferred savings: Pre-tax contributions may reduce your taxable income today. Taxes are generally paid when funds are distributed.
• No employer match: The 457(b) is a supplemental retirement plan and does not include an AdventHealth match.
• Flexible contributions: You can change your contribution election through MyAHRP, subject to plan rules.
• Distribution rules: The 457(b) has different distribution rules from the 403(b). Review the plan's rules before requesting a distribution.
• Coordinate with your 403(b): If you contribute to both plans, keep track of your applicable IRS contribution limits.

Tip: Review your contribution amount periodically to stay aligned with your savings goals.

Keep Your Beneficiary Information Up to Date

Designating beneficiaries helps make sure your 457(b) account is distributed according to the beneficiary information you have on file.

When Should You Review Your Beneficiaries?

Review your beneficiary information after major life changes, such as:

• Marriage or divorce
• Birth or adoption of a child
• Death of a beneficiary
• Changes to your family or personal circumstances

How to Update Your Beneficiaries

1. Log in to MyAHRP.
2. Go to Beneficiary Management.
3. Review, add or update your beneficiaries.
4. Confirm your selections.

Good to Know: Review your beneficiary information regularly to make sure it still reflects your wishes.