Pinnacle Health System Retirement Investment Account (RIA)
The Pinnacle Health System Retirement Investment Account (RIA) is part of the PinnacleHealth Retirement Program—and it supplements the benefits of your primary retirement savings vehicle, the Pinnacle Health System Tax-Sheltered Annuity (TSAT) Plan. Together, these two Plans can help you build a more financially secure future. The RIA provides eligible employees with the opportunity to earn employer contributions, and to defer paying income tax on those contributions, along with any associated investment earnings, until they are withdrawn.
The Plan offers various investment options, which have been selected by PinnacleHealth. You decide where your employer's plan contributions should be allocated. Complete information about all the Plan's investment options is available in the Investment section of this website.
You can select or change your investment options at any time.
"Vesting" is a technical term that refers to your ownership of the money in your account. You are 100% vested in your employer's contributions after three years of service with at least 1,000 hours of service in each of those years.
If your employment with PinnacleHealth ends – due to severance from employment, retirement, permanent disability, or death – you or your beneficiaries may choose to:
Please note that withdrawals and distributions are subject to income taxes and potentially a 10% federal income tax penalty if taken before age 59½.
Upon enrollment, you can designate a beneficiary or beneficiaries to receive any balance remaining at the time of your death. If you name someone other than your spouse as your beneficiary, your spouse must consent to your designation. You can change your beneficiary any time by visiting www.prudential.com/online/retirement.
Online or on the phone, you have access to a wide variety of account management tools and educational resources from Prudential to help you plan for retirement, plus the personal attention of Larry Klesser, your onsite Retirement Counselor:
Larry Klesser and Katie Calpin are Participant Service Associates at Strategic Retirement Group, a Registered Investment Advisor and not affiliated with Prudential.
This summary describes the features of the PinnacleHealth Retirement Investment Account (RIA). Should there be a conflict between this summary and the Plan Document, the Plan Document will be the final authority.
This information is designed to help you understand the potential advantages of tax-deferred savings and the specifics of how this plan works. We suggest that you and your personal financial and/or tax advisor carefully review this information to decide how this deferred compensation plan might fit into your financial planning strategies. Please note that Prudential Financial and its representatives are not tax advisors, financial planners and do not provide financial planning advice.
This Plan is administered by the Administrative Committee, which has discretionary authority to interpret and apply the Plan provisions, and make the rules necessary for its day-to-day operation.
Download plan communications, documents and information here.Go to Forms & Documents DOWNLOAD PLAN DOCUMENTS
Get contact information for your plan counselors & administrators.View Plan Contacts GET IN TOUCH
Manage your information, review your plan details and more.Create an Online Account SIGN UP FOR AN ACCOUNT