There is no waiting period. You can enroll in the Plan at any time.

If you have not enrolled in the Plan within 35 days from your eligibility, you will be automatically enrolled in the Plan at a contribution rate of 4% of your pretax eligible earnings.

Based on your date of birth and assuming a retirement age of 65, you will be invested in the Vanguard Target Retirement Trust I, with a corresponding target retirement date. 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.

We encourage you to take an active role in the Plan and to choose a contribution rate and investment options that are appropriate for you. If you do not wish to contribute to the Plan, you must change your contribution rate to 0% within the first 35 days of your eligibility. You may change your contribution rate at any time online, or by calling the Fidelity Retirement Benefits Line at 1-800-343-0860.

Enroll online at any time, or by calling the Fidelity Retirement Benefits Line at 1-800-343-0860.

Through automatic payroll deduction, you may contribute up to 100% of your eligible pay on a pretax and/or Roth basis, up to the annual IRS dollar limits. In addition, your retirement savings plan contributions automatically increase 1% each year, up to a maximum of 10%, through the Annual Increase Program. If you wish, you can sign up for annual increases to exceed 10% by logging on to Fidelity NetBenefits^® and clicking "Contribution Amount" or by calling the Fidelity Retirement Benefits Line at 1-800-343-0860.

Your enrollment becomes effective once you elect a deferral percentage or become automatically enrolled, which initiates deduction of your contributions from your pay. These salary deductions will generally begin with your next pay period after we receive your enrollment information, or as soon as administratively possible.

Queen’s provides you a Company Match if you contribute to the 401(k) Plan. You receive a Company Match on your contributions up to 6% of your eligible pay:

• Dollar-for-dollar (100%) on the first 4% of eligible pay you contribute, plus
• 50¢-on-the-dollar (50%) on the next 2% of eligible pay you contribute, for
• A total Company Match of 5% on your 6% contribution.
• Your contributions above 6% of eligible pay are not matched.

If you have not already selected your beneficiaries, or if you have experienced a life-changing event such as a marriage, divorce, birth of a child, or a death in the family, it’s time to consider your beneficiary designations. Fidelity’s Online Beneficiaries Service offers a straightforward, convenient process that takes just minutes. To make your elections, click on the “Profile” link, then select “Beneficiaries” and follow the online instructions.

To help you meet your investment goals, the Plan 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 many 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.

We encourage you to take an active role in The Queen’s Health Systems 401(k) Retirement Savings 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 Vanguard Target Retirement Trust I 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 The Queens Health Systems.

If no date of birth or an invalid date of birth is on file at Fidelity, your contributions may be invested in the Vanguard Target Retirement Income Trust I. More information about the Vanguard Target Retirement Trust I 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.

Although your plan account is intended for the future, you may borrow from your account for any reason.

Learn more about and/or request a loan online, or by calling the Fidelity Retirement Benefits Line at 1-800-343-0860.

Withdrawals from the Plan are generally permitted when you terminate your employment, retire, reach age 59½, become permanently disabled, have severe financial hardship, as defined by your plan.

Learn more about and/or request a withdrawal online, or by calling the Fidelity Retirement Benefits Line at 1-800-343-0860.