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

You can enroll in the Plan at any time by logging on to Fidelity NetBenefits^® at www.netbenefits.com/westmont or calling Fidelity at 800-343-0860. You’ll need to choose Fidelity Investments or TIAA as your retirement plan provider.

Through automatic payroll deductions, you may contribute up to 100% of your eligible compensation as pretax and Roth contributions. Sign up online by accessing the “Contribution Amount” section under “Quick Links” on NetBenefits^®, or by calling the Fidelity Retirement Benefits Line at 800-343-0860.

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 403(b) contribution and after you have attained age 59½, or become disabled or die.

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.

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

Yes. Eligible Employees who have both attained age 26 and completed 1,000 hours of service in a 12 consecutive month period shall be eligible for Employer Matching contributions.

Please see the Employer matching schedule below. This schedule is based on the amount you contribute to your account each pay period. Please note that you must contribute 3% in order to receive the full Employer match of 7% of your eligible compensation.

Employer match percentage	Required employee contribution
3%	1%
5%	2%
7%	3%

You are immediately 100% vested in your own contributions to the Westmont College Retirement Plan, as well as in any of the Employer’s matching contributions and any earnings on them.

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.

Please note that you may view a list of the investment options available at TIAA at www.netbenefits.com/westmont. You may also contact TIAA at 1-800-842-2252.

We encourage you to take an active role in the Westmont College Retirement Plan and choose investment options that best suit your goals, time horizon, and risk tolerance.

The Plan offers you investment options with Fidelity and TIAA. If you do not actively choose an investment option, your Fidelity contributions will be defaulted to one of the T. Rowe Price Retirement Funds with the target retirement date closest to the year you might retire, based on your current age and assuming a retirement age of 65, and your TIAA contributions will be defaulted to TIAA Lifestyle Moderate Fund - Retirement Class, at the direction of Westmont College.

A complete description of the investment options and their performance, as well as planning tools to help you choose an appropriate mix, are available online at www.netbenefits.com/westmont. You may also view a list of the investment options available at TIAA at this website. Information regarding the TIAA funds is available at www.tiaa.org/westmont, or you may contact TIAA at 800-842-2252. You must also set up an account on the TIAA website to select TIAA investment options.

The T. Rowe Price Retirement Funds are designed for investors expecting to retire around the year indicated in each fund's name. The funds are managed to gradually become more conservative over time as it approaches the target date. The investment risk of each target date fund changes over time as its asset allocation changes. The funds are subject to the volatility of the financial markets, including that of equity and fixed income investments in the U.S. and abroad, and may be subject to risks associated with investing in high-yield, small-cap, and foreign securities. Principal invested is not guaranteed at any time, including at or after the target dates.

Fidelity^® Personalized Planning & Advice ("The Service")
Fidelity^® Personalized Planning & Advice is a retirement goal based managed account service with a team of portfolio managers who manage the investments in your workplace savings plan account. Based on your unique needs and goals, our team of professionals will create a plan that considers your total financial situation, put the plan into action, and work for you putting in the time, resources, and knowledge needed to keep you on track for retirement.

This includes:

• Regularly monitoring and rebalancing of your account
  
• Strategy refinement that supports you as your financial situation evolves
  
• Quarterly check-ins, which include your progress toward key milestones
  
• Personal planning dashboard that includes progress to retirement and other profile details

For those desiring the most investment flexibility and choice, the Plan offers Fidelity BrokerageLink^®, a self-directed brokerage account, which provides you with the opportunity to select from thousands of mutual funds beyond those offered in the standard plan lineup. More information about BrokerageLink^®, including an overview, the commission schedule, and a fact sheet that outlines the Plan-level restrictions and other settings, is available online at NetBenefits. Click on "Quick Links," then select "BrokerageLink."

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

Fidelity: Call 800-343-0860 or log in to your account by entering your username and password at the top of this website.

TIAA: Call 800-842-2252 or log in to your account by selecting TIAA in the drop-down box at the top of the page under "Your Account" and follow the prompts to the TIAA website.

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

For more information, call the Fidelity Retirement Benefits Line at 800-343-0860.

If you have an account with TIAA, you can call 800-842-2252.

If you have retirement savings in another Employer's plan, you can generally bring it to your Westmont College Retirement Plan.

If you're not sure about the best option for you, talk to a Fidelity or TIAA representative today. They can explain each option in greater detail so you can make the best choice for your specific needs.

Fidelity: Call 800-343-0860 or log in to your account by entering your username and password at the top of this website.

TIAA: Call 800-842-2252 or log in to your account by selecting TIAA in the drop-down box at the top of the page under "Your Account" and follow the prompts to the TIAA website.

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. If you have an account with Fidelity, login to Fidelity NetBenefits, go to “Profile” link, then select “Beneficiaries” and follow the online instructions.

For TIAA: Call 800-842-2252 or log in to your account by selecting TIAA in the drop-down box at the top of the page under "Your Account" and follow the prompts to the TIAA website.

Learn about loans, exchanges, and more online. In particular, you can access loan modeling tools that illustrate the potential impact of a loan on the long-term growth of your account. You will also find a withdrawal modeling tool, which shows the amount of federal income taxes and early withdrawal penalties you might pay, along with the amount of earnings you could potentially lose by taking a withdrawal. Additional information can be obtained by calling the Fidelity Retirement Benefits Line at 800-343-0860.