The Montefiore 403(b) Retirement Plan

The Montefiore Einstein 403(b) Retirement Plan administered by Fidelity helps you save for the future with flexible investment choices you control. You can change your contribution amount and investments any time and may be eligible to borrow or withdraw under certain conditions.

Pre-Tax Contributions

• Contributions are deducted before federal and most state income taxes (subject to Social Security taxes)
• Earnings grow tax-deferred until withdrawal
• Withdrawals before age 59½ may be subject to a 10% federal penalty
• You are always 100% vested in your contributions

Roth After-Tax Payroll Contributions

• Contributions are deducted after taxes
• Qualified withdrawals (age 59½ and account held for 5+ years) are tax-free
• Non-qualified withdrawals may be taxed on earnings and face penalties

Employer Contribution

• Employer contributions are provided for eligible employees and there is a 3-year vesting requirement.

To learn more about the retirement benefits available to you, log in to the HealthyME Benefits Center, navigate to Benefits Information at the top of your screen, then select Retirement.

Create an account on Fidelity’s NetBenefits to elect your contributions to the 403(b) plan and conveniently access your Montefiore 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.