If you are a new hire, you have been automatically enrolled in the Bridgeport Hospital RSP at a rate of 2% of your eligible pay. Your contributions and your employer's matching contributions will begin 60 days following your date of hire. You may, however, call Fidelity at 1-800-343-0860 or log on to Fidelity NetBenefits^® to enroll sooner or change your contribution amount to zero percent (0%) in order to opt out within the 60-day period. If you do not actively choose an investment option(s), your contributions will be defaulted to a Fidelity Freedom^® Fund - Class K that most closely matches your expected retirement date based on your date of birth and assuming a retirement age of 65 as directed by the Plan Sponsor. If you do not have a date of birth on file, you will be defaulted into the Fidelity Freedom^® Income Fund - Class K. However, we encourage you to take an active role in the Plan and choose investment options that are appropriate for you.

Several Internal Revenue Service limits apply to RSP contributions. Through automatic payroll deduction, you may contribute up to 100% of your eligible pay, pre-tax or Roth, up to the annual IRS limit. The Internal Revenue Code provides that the combined annual limit for total plan contributions is 100% of your W2 compensation or $70,000, whichever is less. This limit applies to the combined total of your contributions and your company's contributions. Additional IRS limitations may apply to employees determined to be highly compensated.

A Roth contribution to your retirement savings plan allows you to make after-tax contributions and take any associated earnings completely tax free at retirement - as long as the distribution is a qualified one. A qualified distribution, in this case, is one that is taken at least five tax years after your first Roth contribution and after you have attained age 59½, or become disabled or die. Through automatic payroll deduction, you may contribute between 1% and 100% of your eligible compensation as designated Roth contributions, up to the annual IRS dollar limits.

Find more information online within the "Plan & Learn" drop down and "Learn" section of NetBenefits^®.

If you have reached age 50 or will reach 50 during the calendar year January 1 – December 31 and are making the maximum plan or IRS contribution, you may make an additional catch-up contribution each pay period. The maximum annual catch-up contribution is $7,500. Going forward, catch-up contribution limits will be subject to cost-of-living adjustments (COLAs) in $500 increments.

Starting in 2025, the SECURE 2.0 Act increases the limit for you if you have attained age 60, 61, 62, or 63 in a given calendar year. The limit for 2025 is $11,250.

You make catch-up contributions through payroll deduction, the same way you make regular contributions. If, at the end of the calendar year, your regular pre-tax or Roth contributions do not exceed the IRS annual dollar limit, some or all of your catch-up contributions will be recharacterized as regular pre-tax or Roth contributions. Catch-up contributions are made to your TSA/403(b) plan account.

If you have 15 years or more of work experience and have contributed less than $5,000 a year, on average, to your retirement savings plan, you may be able to make additional "catch-up" contributions to your plan, allowing you to contribute up to a maximum of $3,000 per year, up to a maximum lifetime benefit of $15,000.

Your deferrals will first go toward your pre-tax or Roth contributions until they reach the IRS contribution limits, then to the "lifetime catch-up" and finally to the age 50 catch-up. For more information please call Fidelity at 1-800-343-0860.

The IRS contribution limit for 2025 is $23,500.

Automatic Annual Hospital contribution.
You must complete one year of eligibility service to qualify for the automatic annual Hospital contribution. Your automatic annual Hospital contribution is based on total pay and years of credited service. The automatic annual Hospital contribution will be based on your total pay for the calendar year (January through December). You must be employed on December 31 of the calendar year and complete at least 1,000 hours of service during that year to receive the automatic annual Hospital contribution for that year.

Years of credited service:	Percentage of Total Pay:
1 year (but less than 5)	3%
5 years (but less than 10)	4%
10 years (but less than 15)	5%
15 years (but less than 20)	6%
20 years (but less than 25)	7%
25 years or more	8%

You do not need to make your own pre-tax or Roth contributions in order to receive the Automatic Annual Hospital contribution.

Hospital TSA/403b matching contribution.
The Hospital also matches your TSA/403(b) contributions. The Hospital will match 100% of the first 1% of base pay you contribute, and 50% of the next 4% of base pay you contribute to your TSA/403(b) each pay period. For any pay period, you must be making pre-tax or Roth employee contributions to your TSA/403(b) account to be eligible for the match. The match will be calculated using your base pay for each pay period for which you contribute.

Employee contribution	Hospital match
1% of biweekly base pay	1.0%
2% of biweekly base pay	1.5%
3% of biweekly base pay	2.0%
4% of biweekly base pay	2.5%
5% or more of biweekly base pay	3.0%

You are always 100% vested in your contributions to your TSA/403(b) account.

You will be 100% vested in the Hospital's automatic annual contribution, the Hospital matching contribution, Transition Service Credit, and any earnings when you complete five years of vesting service, based on the following table.

Years of vesting service:	Vested %
Less than 2 years	0%
2 years	25%
3 years	50%
4 years	75%
5 years or more	100%

You earn one year of vesting service for each calendar year in which you complete 1,000 hours of service. You earn credit for vesting whether or not you participate in the TSA/403(b).

If you leave before you fully vest in the Hospital's contributions, you forfeit any nonvested Hospital contributions.

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 Bridgeport Hospital 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 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.

An annuity is issued by an insurance company and purchased by a consumer for long-term investing. There are various fees and expenses associated with annuities, and in certain situations withdrawal penalties may be applicable. An annuity is not a mutual fund. There are two types of annuities, variable and fixed.

Although the RSP is intended for the future, you may borrow from your TSA/403(b) account for any reason.

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

Withdrawals from the RSP are generally permitted when you terminate your employment or retire. You may be able to withdraw money from your TSA/403(b) account when you reach age 59½, become permanently disabled, or have severe financial hardship as defined by the applicable IRS rules. You must fully access the loan option first in order to take a hardship withdrawal and you may not contribute to the TSA/403(b) for 6 months after the hardship withdrawal.

You are permitted to roll over eligible pretax and after-tax contributions from another 401(k) plan, Roth 401(k) plan, 401(a) plan, 403(b) plan, Roth 403(b) plan account or eligible pretax contributions from certain conduit IRAs. A conduit IRA is one that contains only money rolled over from an employer-sponsored retirement plan that has not been mixed with regular IRA contributions.

Additional information can be obtained online, or by calling the Fidelity Representatives at 1-800-343-0860.

Be sure to consider all your available options and the applicable fees and features of each before moving your retirement assets.

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 & Settings” icon in the upper right-hand corner, then select “Beneficiaries” and follow the online instructions.