Published on: 04/12/2017
Miami Children’s Health System (MCHS) has been named Plan Sponsor of the Year by PLANSPONSOR magazine for offering comprehensive, competitive benefits and retirement plan options. Each year, the editors of PLANSPONSOR recognize leaders in retirement plan best practices that aim to provide more secure financial outcomes for U.S. workers.
“We are honored to be recognized for our commitment to the long-term financial well-being of our employees, who work to better the lives of children and their families. The health system advocates for our employees at all stages of life, including supporting our workforce in preparing for retirement,” said Michael Kushner, Senior Vice President & Chief Talent Officer for Miami Children’s Health System.
MCHS offers a competitive benefits and retirement 403(b) plan that includes automatic enrollment and re-enrollment, acceleration options and corporate matching. The health system has also improved efficiency in enrollment processes and cost management to reduce the financial impact to participants and the organization. We are thankful for our retirement partner, Prudential, who has supported us throughout this journey. As of 2017, more than 95 percent of MCHS’s 4,000 employees actively participate in the 403(b) plan.