collapsed, click to expand | Does the organization contribute to my account? |
You must be making your own contributions to the YNHH 403(b) TSA Plan in order to receive YNHH matching contributions.
Employee Contribution | Employer Match
|
1% of biweekly base pay | 1.00%
|
2% of biweekly base pay | 1.50%
|
3% of biweekly base pay | 2.00%
|
4% of biweekly base pay | 2.50%
|
5% or more of biweekly base pay | 3.00% |
collapsed, click to expand | When am I vested? |
Yale New Haven Health System's matching contributions and any earnings vest according to the following schedule:
Years of Service | Percent |
1 | 0 |
2 | 20 |
3 | 50 |
4 | 75 |
5 or more | 100 |
collapsed, click to expand | What are my investment options? |
To help you meet your investment goals, YNHH offers you a range of options. You can select a mix of investment options that best suits your goals, time horizon, and risk tolerance. The investment options available through the Plan include conservative, moderately conservative, and aggressive funds. A complete description of the Plan’s investment options and their performance, as well as planning tools to help you choose an appropriate mix, are available online.
collapsed, click to expand | What if I don’t make an investment election? |
We encourage you to take an active role in the YNHH 401(a) Plan and choose investment options that best suit your goals, time horizon, and risk tolerance. If you do not select specific investment options in the Plan, your contributions will be invested in the Fidelity Freedom® Fund Class K with the target retirement date closest to the year you might retire, based on your current age and assuming a retirement age of 65, at the direction of Yale New Haven Health System.
If no date of birth or an invalid date of birth is on file at Fidelity, your contributions may be invested in the Fidelity Freedom® Income Fund Class K. More information about the Fidelity Freedom® Fund Class K options can be found online.
Target Date Funds are an asset mix of stocks, bonds and other investments that automatically becomes more conservative as the fund approaches its target retirement date and beyond. Principal invested is not guaranteed.