Plan de ahorro
Save for a financially secure retirement by participating in a Retirement Savings plan and let BSW help with dollar for dollar matching contributions up to 5% of eligible base salary. Start, stop or change your contribution anytime throughout the year.
- Make pre-tax or Roth (after-tax) contribution elections
- Enroll in automatic increase to make saving easier
- Update your beneficiary(ies)
- See how much income you may have in retirement
- Make changes to improve your retirement security
- View your Lifetime Income Score summary
- Process a rollover
- Make separate catch-up contributions* if you are 50 or older
*Catch-up contributions are not match eligible.
Go to the BSWH Retirement website to learn more
Photo: Clay Westmoreland, Manager contract performance, Dallas Mavs entertainer
Cómo inscribirse
Auto-deposit funds
We subtract that amount each pay period and deposit the funds in your retirement savings account.
Get a matching contribution
Because we want your retirement savings to grow, we match your contribution dollar-for-dollar, up to the first 5% of eligible pay.
Cómo invertir
As you accrue your retirement savings, you have options for investing your money.
- You can contribute up to the maximum amount allowed under IRS rules and regulations (which can change each year), plus an additional catch-up contributions if you are age 50 or older.
- You choose whether to contribute pre-tax or Roth (after-tax) or a combination of both:
- Pre-tax contributions lower your current taxable income
- After-tax contributions lower your taxable income during retirement
- You can change your contributions and investments at any time. The plan comes with features that let you automatically increase your contributions at a comfortable rate and rebalance your account to fit your savings strategy.
- You’re always 100% vested in your contributions and you vest in BSW’s matching contributions after three years of service. And if you leave BSW, you can move all of your vested savings to a qualified retirement plan (e.g. IRA, another employer's retirement plan, etc.)
Fondos de inversión
We have several different options for investing your retirement savings. For more details on investing options, log into Empower and choose Investing help.
Target date funds
Set it and forget it! Target date funds offer a diversified portfolio based on when you plan to retire (typically age 65).
Individual funds
Create your own portfolio to match your risk tolerance and investment goals. This option lets you choose your investment lineup from a wide variety of core funds.
Managed account program
Let someone help manage your individualized portfolio. With this option, you provide the MyTotal Retirement platform managed by MorningStar with your personal information and they create and manage your account for a fee.
Self-directed brokerage accounts
Are you an investment pro? A minimum balance of $2,500 must be kept in the core investment lineup. You may transfer any amount over that minimum into your Charles Schwab brokerage account* and purchase investments.
*There are initial and subsequent transfer minimums limits. Please refer to the Notice of Investment Returns & Fee Comparison Notice for additional information. To locate, login to your Empower account and select Account Overview > Plan Information > Disclosure notices.
Resources to support your financial well-being
BSW and Empower are committed to providing you with tools and resources that support your financial well-being.
- Financial Health Center - is an online resource center with tools to assist you in taking control of your finances in order to strike a balance between living for today and planning for tomorrow. You will also have access to the monthly education webinar and the ability to schedule a free one-on-one session with a Retirement Plan Advisor or Certified Financial Planner. Regardless of where you are in your journey to retirement, this tool has something for you.
- Next Step Evaluator - Provides you a financial action plan designed specifically for you. It can help you figure out how to prioritize your spending to determine what might be the best course of action when dealing with your finances. You don’t have to fill out any lengthy worksheets or keep track of numbers. All it takes to get started is answering a simple series of yes or no questions.
- Student Debt Solution – Designed to help you find the right way to approach student loan debt and reduce the financial stress it might be causing. This Empower solution offers education on loan forgiveness programs, repayment plans and consolidation options. With two simple steps, the evaluation tool will provide you with a personalized assessment and provide guidance based on your unique situation.
Some of the tools can be accessed through your Empower account under Planning > My Financial Path.
Helpful resources
Retirement plan questions?
Call Empower to speak to someone about your financial goals.
Este sitio resume los programas y beneficios disponibles para los empleados y sus dependientes elegibles. Los documentos oficiales del plan, las pólizas y los certificados de seguro que contienen los detalles, las condiciones, los niveles máximos de beneficios y las restricciones sobre los beneficios rigen nuestro programa de beneficios y están disponibles en este sitio. En caso de conflicto entre este sitio y los documentos oficiales, prevalecen los documentos oficiales. La información en este sitio no es una garantía de beneficios. Baylor Scott & White se reserva el derecho de modificar o finalizar sus planes y programas de beneficios para empleados en cualquier momento y por cualquier motivo.
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