The Einstein 403(b) Retirement Plan

The Einstein 403(b) Retirement Income Plan is a defined contribution plan administered by Fidelity Investments. Eligible employees can choose to contribute on a pre-tax basis or on a Roth after-tax basis, or combination of both.

Pre-Tax Contributions

Pre-tax contributions are deducted from your paycheck before taxes are withheld and accumulate earnings on a tax-deferred basis. Qualified distributions of any contributions and earnings are taxable at the time of withdrawal

Roth After-Tax Payroll Contributions

After-tax Roth contributions are deducted from your paycheck after taxes have been withheld. Qualified distributions of Roth after-tax contributions plus any earnings on those contributions will be tax free; assuming certain conditions are met.

Automatic Enrollment and Escalation

If you are newly eligible, you will be automatically enrolled in the Einstein 403(b) Retirement Income Plan at a 4% pre-tax contribution after 30 days of employment. You can opt out of automatic enrollment or elect a different percentage for your contributions at any time. If you are automatically enrolled in the plan, your contribution will automatically increase each year by 1% until it stops at 8%. Your contributions will automatically be invested in the plan’s Qualified Default Investment Alternative (QDIA), which is the Fidelity Freedom Index Fund based on your date of birth and when you will attain age 65.

Einstein Contributions

Einstein provides a non-elective contribution equal to 7.5% of base pay up to an annual compensation limit of $295,000. You must meet a 3-year service requirement in order to become vested. Vesting is your nonforfeitable right to the value of your account—Einstein’s contributions and earnings on those contributions. You are always 100% vested in contributions you make to the plan.

Maximum Contributions

You may simultaneously make both pre-tax elective deferral contributions and Roth after-tax elective deferral contributions to the Einstein 403(b) Retirement Income Plan. However, your combined maximum elective deferral contribution cannot exceed the annual Internal Revenue Service maximum.

For 2026, it is projected that you can save up to a maximum of $24,500; if you are age 50 or older, you can make an additional catch-up contribution of $8,000. If you are between the ages of 60 and 63 in 2026, you are eligible for the special catch-up limit of $11,250.

Mandatory Roth Catch-up Contribution for High Earners

NEW for 2026 A new rule takes effect regarding catch-up contributions for high-wage earners.

• If you earned over $145,000* in FICA wages in 2025, your catch-up contributions for 2026 must be made as Roth contributions (after-tax). This threshold is subject to indexing for inflation in future years.
• Employees earning $145,000 or less in 2025 have the option to make their catch-up contributions as pre-tax or Roth.

*This limit may change.

Manage Your 403(b) Through Fidelity NetBenefits

Create an account on Fidelity’s NetBenefits to elect your contributions to the 403(b) plan and conveniently access your Einstein retirement account. Through the NetBenefits site you can:

• Designate your beneficiaries
• Add a preferred email address and elect e-delivery of your account statements
• Change your contribution percentage and investment elections
• Move money between investments within your account.

You can schedule a meeting with Colleen O’Connell, Einstein’s Workplace Financial Consultant at
www.fidelity.com/schedule.