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

If you have not enrolled in the Plan within 30 days from your date of hire, you will be automatically enrolled in the Plan at a contribution rate of 3% of your pretax eligible compensation.

Based on your date of birth and assuming a retirement age of 65, you will be invested in the BlackRock LifePath^® Index Fund Class K Shares, 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 30 calendar days of your employment. You may change your contribution rate at any time online, or by calling the Fidelity Retirement Benefits Line at 1-888-388-CCHS(2247).

Enroll online at any time, or by calling the Fidelity Retirement Benefits Line at 1-888-388-CCHS(2247).

Your enrollment becomes effective the next available pay period or as soon as administratively possible.

Through automatic payroll deduction, you can contribute a combination of pretax, Roth and after-tax contributions from 1% to 75% in fractional percentages of your eligible pay.

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 pretax and/or Roth 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.

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 403(b) contribution and after you have attained age 59½, or become disabled or die. Through automatic payroll deduction, you can contribute between 1% and 75% of your eligible pay as designated Roth contributions, up to the annual IRS dollar limits.

Find more information online within the “Learn” section of NetBenefits^®.

Contributions are made on an after-tax basis. Because you have already paid taxes on contributions, you won’t pay taxes when you withdraw these contributions. You will owe taxes on any related investment earnings at the rates in effect at the time of withdrawal.

After-tax contributions are NOT eligible for matching contributions. After-tax contributions and related earnings can be converted to Roth. Most Important: Talk to a financial or tax advisor or call Fidelity at 888.388.2247 for one-on-one help before electing to make after-tax contributions.

A Roth in-plan conversion allows you to convert after-tax contributions and pretax contributions to Roth. There’s no limit to how much and there is no fee, but conversions are irreversible and they could have a hefty tax bill at the end of the year. Most Important: You should talk to their financial or tax advisor first and make sure they have other funds available to pay their taxes.

If you meet the Eligibility Provisions of the Plan, listed below, Cleveland Clinic will match 50% of each pretax and/or Roth dollar you contribute on the first 6% of pay that you defer to your plan. After-tax contributions are NOT eligible for matching contributions.

SIP Matching Contribution Eligibility

Eligibility for Cleveland Clinic’s matching contribution begins immediately and eligible caregivers will begin receiving matching contributions to the Plan immediately upon hire. However, there are certain caregiver groups that are ineligible for the match. See below for more details.

Ineligible Classifications for Matching Contributions

The following caregiver classifications are ineligible for matching contributions; Contract Staff (if stated in contract), any employee accruing benefits under the Public Employees Retirement System or a member of a collective bargaining unit whose agreement does not provide for participation in the Plan. If you have any questions about your eligibility for matching contributions please contact the ONE HR Service Center at 877-688-2247.

You are always 100% vested in your own contributions to the Cleveland Clinic SIP, as well as any earnings on them. Cleveland Clinic's matching contributions and any earnings vest according to the following schedule:

Years of employment	Vested percentage
1	0
2	0
3	100

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 various 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 Cleveland Clinic SIP 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 BlackRock LifePath^® Index Fund Class K Shares 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 Cleveland Clinic.

If no date of birth or an invalid date of birth is on file at Fidelity, your contributions may be invested in the BlackRock LifePath^® Index Retirement Fund Class K Shares. More information about the BlackRock LifePath^® Index Fund Class K Shares 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.

If the idea of getting professional help to manage your investments appeals to you, your plan offers Target Date Funds. With Target Date Funds, the investment mix of stocks and bonds automatically becomes more conservative as the target retirement date approaches. Principal invested is not guaranteed at any time, including at or after the fund’s target date. Choose the fund that represents your anticipated year of retirement.

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.

Your plan offers a fixed annuity. A fixed annuity lets you lock in a guaranteed rate of interest for a specific period — normally between three months and one year. As each “guarantee rate period” comes to a close, the insurance company sets a new interest rate for the upcoming period.

Interest rates and time periods vary depending on the annuity contract. Guarantees are subject to the claims-paying ability of the insurance company.

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.

Learn more about and/or request a loan online, or by calling the Fidelity Retirement Benefits Line at 1-888-388-CCHS(2247).

You are permitted to roll over eligible pretax, after-tax or Roth contributions from another workplace savings plan account or eligible pretax contributions from individual retirement accounts (IRAs).

Contact Fidelity for details. You should consult your tax adviser and carefully consider the impact of making a rollover contribution to your employer's plan because it could affect your eligibility for future special tax treatments.

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.