10 hospitals where you get a retirement plan

Elizabeth Schlager

Retirement is a topic that should be on everyone’s minds. With life expectancies growing upward of 85 years and retirement starting at a typical 65 years, this leaves a lot of years open to prepare for. The sad reality is that most people will not be able to keep the same standard of life once in retirement. 25% of all Americans have an average of $1000 saved for their overall retirement, since they are left to save the money themselves. No retirement plan means an insecure future.

As an employee in healthcare, this is especially concerning, since most employees work at non-profit organizations where concrete retirement plans are scarce and funds are usually subsidized. In the healthcare industry, median salaries don’t always align correctly with the amount of work and overtime. Along with that, the labor is physical. It is therefore even more important to consider making real plans for the future, so you aren’t left with $1000 dollars to last you 20 years.

Retirement plans and where to find them are difficult to understand, but we at kununu have thought about this. We have done a little digging on what retirement plans in healthcare look like. Here we list 10 hospitals where you get one, so you know where to start your search.

Healthcare Retirement in a nutshell:

Retirement plans are all different depending where you work. If a hospital is your place of work, then you are looking at the 403(b) retirement account. 403(b) accounts are similar to the well known 401(k) variety, just they are for non-profit places of work. Since most hospitals are non-profit, this is the plan you are most likely to get to know. This is should be a deciding factor in your job search if you find yourself working in this field. Finding a hospital with a solid 403(b) plan ensures that you will have some saved for a rainy day, as it gets taken directly from your paycheck.

Here are 10 hospitals with a retirement plan:

1. University of Iowa Hospitals and Clinics

The first on our list is Iowa Hospitals and Clinics. Their primary and specialty care is provided by experts from all medical specialties, attracting patients from around the world. They offer care in convenient, comfortable settings, using the most advanced approaches and with the best outcomes as our goal. Iowa Hospitals have listed as a Top 10 Hospital Nationally for Customer Loyalty. Forbes Magazine ranked UI Health Care on its 2020 list of “Best Employers for Diversity.” UI Health Care is No. 47 nationwide and No. 10 in its Healthcare & Social category. Their employees gush about the “excellent benefits and competitive salaries.”

They did equally well on kununu, with a 4.09 overall score and 92% recommendation. One former employee talks about their time saying it’s a “Great package of vacation, sick holiday and retirement benefits.” Another employer boasts, “Excellent environment. Excellent benefits. Excellent management.”

2. Keck Medicine of USC

Next up is Keck Hopsital. Keck Hospital of USC, a 401-bed acute care hospital, is part of Keck Medicine of USC, the University of Southern California’s medical enterprise. Its internationally renowned physicians care for patients, teach and do research at the Keck School of Medicine of USC, the region’s first medical school. Their employees love the “generous time off ” as much as the benefits.

Doing very well on kununu, they have a 3.86 overall rating and a recommendation rate of a whopping 94%. Employees gleam about the benefits and teamwork saying, “The unit I work in is very good. We have a lot of team work and trust so there is never a day you think you are alone.” 

3. NYU Langone Medical Center

NYU Langone is renowned for evidence-based clinical care across a wide array of specialties, including cardiac and vascular care, cancer, inpatient and outpatient musculoskeletal care—including orthopedics, rheumatology, and rehabilitation. Located in the heart of Manhattan, with additional facilities throughout the New York City area. To make sure, their employees provide a great service, NYU makes sure to “offer a lot of benefits to their employees

With an already impressive resumé, NYU Langone fared just as well on kununu with a 3.83 overall score and 86% recommendation rating. With benefits being a large topic, NYU Langone does well in that department with their retirement plans, as well as future development. One employee says, “I appreciate that the members of leadership are interested and take the time to develop my professional career. I take part of challenging initiatives and sit in on important discussions that surround the organization. Leadership listens to my opinions and takes into account what else can be done. That’s so important from my organization.”

4. UCSF Medical Center

UCSF Health treats all patients who require services, without regard to race, color, religion, national origin, citizenship or other protected characteristics. The UC medical centers remain committed to these responsibilities and will vigorously enforce university nondiscrimination and privacy policies. With an impressive social awareness, UCSF equally ensures that all employees are well taken care of with their great retirement plan. Maybe that is one of the reasons, why people are “proud to work in one of the best hospitals in the country and love the “good welfare packages.

On kununu, they got a good overall rating of 3.72 and a phenomenal 94% recommendation rate. A good and supportive environment was one of the points mentioned in multiple reviews, with one employee saying, “I enjoy the environment of everyone being so helpful and wanting to help me learn and be better at my job.” Growth and improvement being another strong point at UCSF Medical, an employee beamed, “There are many areas of growth within my company and figuring out which direction I want to go has been very fun and exciting.”

5. Vanderbilt University Medical Center

Vanderbilt University Medical Center is a powerhouse in the medical field. An impressive range of fields being just one of their strong attributes. At Vanderbilt University Medical Center, discovery science is revealing new insights into the major diseases and conditions of our time. Determined to push forward into unknown frontiers, these new discoveries can help relieve suffering, improve health and make the lives of patients better. They do not only care about the future of disease, but also the future of their employees. Offering excellent benefits and retirement plans is a given at Vanderbilt.

With a 4.04 overall kununu score and an 81% recommendation rate, Vanderbilt University Medical is doing very well. Employees enjoy their benefits and opportunities for growth. “Company has many positions and opportunities for advancement. Great employee benefits to various places.” This is just one happy employer. Another says, “This company offers great opportunities for advancing your career.

6. Tampa General Hospital

Tampa General Hospital provides advanced, innovative methods for diagnosing and treating patients with heart and vascular disease as well as comprehensive rehabilitation for cardiac patients. In 2016, Tampa General Hospital received national recognition for cardiac care when U.S.News & World Report named it one of the nation’s top 50 hospitals for cardiology and heart surgery for the ninth consecutive year. When it comes to benefits and retirement, Tampa General certainly does no fall short.

On kununu, they have an overall score of 4.13 and an amazing 92% recommendation rate. Employees boast about their joyful time saying, “All positive work experience. Every day I walk in with a smile on my face.” This is obviously also very important along with good retirement and benefits. Another happy reviewer said, “Great teamwork. Management is very understanding and helpful.”

7. Ohio State University Wexner Medical Center

Ohio State’s team of more than 23,000 is driven by their mission to improve health in Ohio and across the world through innovation in research, education and patient care. Considered one of the best hospitals in the country, The U.S. News & World Report has consistently ranked Ohio State #1 of Columbus hospitals, and they have spent 27 consecutive years on the U.S. News Best Hospitals list.

These prestigious attributes prove to be correct, with a kununu overall score of 4.17 and a good recommendation rate of 87%. Employees on kununu are happy with this place of work. They mention things like generosity, good management and a lot of understanding. One reviewer said, “Very helpful with training and support.” 

Another agreed further and mentioned their understanding as a company: “Very generous with sick and vacation leave and managers work with you during times of emergencies.”

8. Coosa Valley Medical Center

Coosa Valley are an independent, community, non-profit medical center with 168-licensed beds.  This includes 148 acute-care beds and a 20 bed Senior Behavioral Unit. Coosa Valley Medical Center has a dedicated team of approximately 490 employees and 60 volunteers. Their medical staff is comprised of approximately 40 active staff members. Along with nearly 100 courtesy, consulting and Emergency Department staff members. Based in Sylacauga, Alabama with a population of approximately 62,000 people.

Currently on the rise on kununu, they have a decent overall ratings. A score of 3.43 and a 60% recommendation rate. Along with good retirement options, Coosa Valley brings a good experience to their employees, allowing for a good working environment. Employees say: “I like working here. They treat everyone fairly.” Another happy employee mentions stability in their job: “I have stability and in confident in this job.”

9. University of California – Davis Medical Center

UC Davis Medical Center serves a 65,000-square-mile area that includes 33 counties and 6 million residents across Northern and Central California. The 625-bed acute-care teaching hospital maintains an annual budget of roughly $1.7 billion. UC Davis admits more than 30,000 patients per year and handles nearly 1 million visits. The medical center’s emergency room sees more than 210 patients per day on average.

With numbers like that, it isn’t too surprising to see the adjacent kununu numbers. With an incredible overall score of 4.20 and an immaculate 100% recommendation rate, UC Davis is a powerhouse. Not only do they offer impressive benefits and a good retirement option, they continue to thrive daily. An employee elaborates, “Great place to work and thrive personally and professionally. Career growth opportunities.” When on the topic of benefits, another review says, “UC Davis is an amazing company to work for. Great benefits and competitive pay. Employees care about patients and each other.”

10. University of Maryland Medical Center

The University of Maryland Medical Center (UMMC) is the medical center at the heart of UMMS. It has the 789-bed downtown Baltimore campus and the 177-bed midtown campus one mile north. The medical staff has nearly 1,200 physicians who are faculty members at the University of Maryland School of Medicine.

When seeing if they care for their employees like they do for their patients, our kununu reviews showed that they do. A good overall score of 3.80 on their resumé and a nice recommendation rate of 75%, their employees are overall satisfied. Offering a good retirement plan and other benefits, is the theme for this employee, as the say, “The benefits are great and a great place to work.” Another employee talks about their overall satisfaction saying, “I have loved my entire experience with my company. I love going to work.”

 

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