There is no waiting period. You can enroll in the RSP at any time and begin saving on a pre-tax, Roth or after-tax basis.

Enroll online at any time by logging into www.netbenefits.com/easy or by calling Fidelity at 1-800-343-0860. You can also enroll via Fidelity’s NetBenefits^® app.

Your employee contributions will generally begin as of the payroll period following the date you make your deferral elections online by logging into www.netbenefits.com/shclpch or calling Fidelity at 1-800-343-0860.

Through automatic payroll deduction, you can contribute up to 75% of your eligible pay in any combination of pre-tax or Roth contributions, up to a total of $23,500 in 2025 (or $31,000 if you are age 50 or older). You can also contribute up to 15% of your eligible pay as an after-tax contribution. Your pre-tax, Roth, and after-tax contributions combined cannot exceed 90% of your eligible pay. The total of all contributions to your RSP account (pre-tax, Roth, after-tax, match, and basic) cannot exceed $70,000 in 2025 (or $77,500 if you are age 50 or older). Would you like to save more as you earn more? You can automatically increase your retirement savings plan contributions each year through the Annual Increase Program. Sign up online by accessing the “Contribution Amount” section on NetBenefits^®, or by calling Fidelity at 1-800-343-0860.

A Roth contribution is an after-tax contribution to the RSP that gives you the opportunity for tax free income in retirement. This is because qualified Roth distributions (including earnings) can be withdrawn free of federal income tax.*

*Roth distributions are not subject to federal income tax when withdrawn after the five-year aging requirement has been satisfied and one of the following conditions is met: age 59½; disability; or death at the time of your distribution.

If you are age 50 or older, you can contribute an additional $7,500 in 2025 as a catch-up contribution. You do not need to make a separate catch-up deferral election as your catch-up contributions will automatically begin in the payroll period in which your pre-tax/Roth contributions reach the IRS maximum contribution limit.*

*If you are age 50+ and your FICA wages are over $145,000 in 2025, your catch-up contributions will automatically be made on a Roth basis.

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. If you are age 50 or older you can contribute an additional $7,500 as a catch-up contribution.

Yes, the hospitals offer matching contributions.

Regular Employees
Once Regular employees have met the 12-month waiting period, matching contributions are made on your pre-tax, Roth, and after-tax contributions. Your match is dollar for dollar with a maximum amount based on your years of service.

Years of Service	Maximum Match
At least 1 year, but less than 5 years	5% of eligible pay
At least 5 years but less than 10 years	6% of eligible pay
10 or more years	8% of eligible pay

If you don’t want to leave money behind, please be sure the total of all your elections is at least as much as your maximum match percentage.

House Staff
Once House staff employees have met the 12-month waiting period, the hospital will match your contributions dollar for dollar, up to 2% of eligible pay you contribute.

After the end of each year, the RSP will compare the match you received each pay period to the match you are entitled to based on the total amount you contributed during the year and your annual eligible pay. If you didn’t receive the full matching contribution you were eligible for during the year based on your total deferrals, you will receive a match true-up, which will be contributed to your account typically by the end of the first quarter following the end of the Plan year and no later than required by applicable law.

For most, this true-up feature helps make sure you get the full matching contribution for the year, even if you contribute less than your matching contribution rate in some pay periods and more than your matching contribution rate in other pay periods. You will be eligible for a match true-up even if you take a leave of absence or leave the hospitals during the year.

Once Regular and House staff employees have met the 12-month waiting period, the hospital provides an automatic “basic contribution” each pay period. You get this contribution even if you don’t contribute yourself.

For Regular employees who have met the 12-month waiting period, the basic contribution is 5% of your eligible pay. For House staff who have met the 12-month waiting period, the basic contribution is 2% of your eligible pay.

If you are an eligible relief employee, you may be eligible for an annual basic contribution if you have met the 12-month waiting period, and subsequently work 1,000 hours during a calendar year and are actively employed on the last day of the plan year.

The RSP offers an online tool to help you determine how to contribute pre-tax, Roth and after-tax contributions so you can get your full match and basic contributions.
Due to IRS pre-tax/Roth contribution limits, unusual situations can occur where some employees will need to contribute after-tax contributions to receive their full match. The RSP Modeling Tool can help you determine appropriate elections in such circumstances. To access this tool, visit www.rspmodelingtool.com.

Fidelity Workplace Financial Consultants are available for private one-on-one appointments to help our employees educate and save for retirement at no cost as often as needed. Schedule an appointment by visiting www.fidelity.com/schedule, select the “Schedule a time to meet” option, and then enter Stanford Health Care in the “Enter your employer name” field.

You are always 100% vested in your contributions and the hospital contributions. This means you are entitled to 100% of your account balances if you leave Stanford Health Care or Lucile Packard Children’s Hospital for any reason*.

*The RSP Plan requires you to separate from all Stanford Controlled Group employers before you can fully access your funds.

To help you meet your investment goals, the RSP offers you a range of investment options and 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 RSP include conservative, moderately conservative, and aggressive funds. A complete description of the RSP’s investment options and their performance, as well as planning tools to help you choose an appropriate mix, are available by logging into www.netbenefits.com/shclpch.

We encourage you to take an active role in managing your account in the RSP and choose investment options that best suit your goals, time horizon, and risk tolerance. If you do not select specific investment options in the RSP, your contributions will be invested in the Fidelity Freedom^® Index Fund Institutional Premium Class 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 Stanford Health Care.

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^® Index Income Fund Premier Class. More information about the Fidelity Freedom^® Index Fund Institutional Premium Class options can be found by logging into www.netbenefits.com/shclpch. 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.

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 and ETFs beyond those offered in the standard plan line up. 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 www.netbenefits.com/shclpch. 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 Fidelity at 1-800-343-0860. Fidelity also has loan modeling tools to illustrate the potential impact on the long-term growth of your account.

Withdrawals from the RSP are generally permitted when you terminate your employment, retire, reach age 59½, become permanently disabled, or have severe financial hardship, as defined by the RSP. Please note that you must wait 30 days to request a distribution upon termination of employment. Learn more about and/or request a withdrawal online, or by calling Fidelity at 1-800-343-0860.

A Roth in-plan conversion lets you convert some or all of your pre-tax, after-tax, and rollover contributions—including any related earnings—to Roth inside the plan. You can also convert matching and basic contributions, along with any related earnings. Once contributions are converted to Roth, you generally can withdraw those converted dollars—including any related earnings—federally tax-free for a qualified withdrawal.

In general, Roth withdrawals are tax free as long as it has been at least five tax years from the first day of the year in which you made your first Roth contribution or Roth in-plan conversion, and once you reach age 59½, or die, or become disabled. How are taxes handled for a Roth in-plan conversion? You will owe taxes on any money that has not been taxed before. Income taxes are not withheld at the time of conversion, so you will be responsible for paying these taxes when you file your tax return.

When you convert after-tax contributions, you will owe taxes on any investment earnings that have accrued before your conversion date and when you convert pre-tax contributions, you will owe taxes on your contributions as well as any investment earnings that have accrued before your conversion date. For more information about the tax implications of converting contributions to Roth, or to request a Roth in-plan conversion, call Fidelity at 1-800-343-0860.

You are permitted to roll over your distributions from another 401(k) plan, 401(a) plan, 403(b) plan, or a governmental 457(b) retirement plan account (including rollovers of Roth from a qualified plan), or eligible pretax contributions from conduit individual retirement accounts (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.

For additional information call Fidelity 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, log on to www.netbenefits.com/shclpch, click on the "Profile & Settings" icon in the upper right-hand corner, then select "Beneficiaries" and follow the online instructions.

Learn about exchanges, and more online. 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 Fidelity at 1-800-343-0860.