Any Palomar Health employee who works full time, part time, or per diem is eligible to participate. You may enroll in the plan at any time. Palomar Health matching contributions will start after one year of continuous employment.

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

Your enrollment becomes effective once you indicate how much you’d like to contribute, also known as the deferral. You will generally begin to see your contributions deducted from your paycheck in the next pay period, or as soon as administratively possible.

Through automatic payroll deductions, you may contribute between 1% and 100% of your eligible compensation as pretax contributions.

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^®.

You may elect to make a last-3-years catch-up contribution of up to double the contribution limit in effect (up to $47,000 in 2025). This contribution may be used in one or more of the three consecutive years prior to the year in which you attain normal retirement age under the Plan. This option gives you an opportunity to catch up on contributions you could have made but did not make in previous years. See your Employee Benefits Office for more information.

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 may defer $23,500, the maximum IRS limit in 2025, which applies to all employee and employer contributions in all 457 plans in which you participate.

Palomar Health matching contributions will start after one year of continuous employment.

The Palomar Health matching contributions are made in the Palomar Health 401(a) Money Purchase Pension Plan according to the following schedule based on your years of service:

Years of Service	Matching Contribution
1-9 Years	50% of the first 2% of your gross earnings you contribute each pay period
10-15 Years	100% of the first 2% of your gross earnings you contribute each pay period
16 + Years	150% of the first 2% of your gross earnings you contribute each pay period

Vesting is a term used to describe the portion of your account balance that you are currently entitled to under the Palomar Health Retirement Program. You are always 100% vested in all contributions you make to your plan, as well as any earnings on them. You acquire the right to a “vested interest” in the value of Palomar Health matching contributions for the 457(b) Deferred Compensation Plan and Palomar Health contributions to the 401(a) Money Purchase Pension Plan, based on your years of service. You’re vesting interest increases with each anniversary year you work 1,000 hours as follows:

Years of Service	Vested Percentage
Less than 2 years	0%
2 but less than 3 years	20%
3 but less than 4 years	40%
4 but less than 5 years	60%
5 but less than 6 years	80%
6 years or more	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 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 Palomar Health 457 Deferred Compensation 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 Index Commingled Pool Class T 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 Palomar Health.

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 Commingled Pool Class T. More information about the Fidelity Freedom Index Commingled Pool Class T 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.

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."

Fidelity’s online planning tools are designed to help you manage your assets as you plan for retirement.

Funds are available only at the time of separation of service from Palomar Health, or as an active employee for a Required Minimum Distribution (RMD). Funds may also be available for withdrawal in the event of an "unforeseeable" emergency (as defined by the plan). If approved, contributions to the plan cannot be made for a one-year time period.

For more information, call the Fidelity Retirement Benefits Line at 1-800-343-0860.

If you have retirement savings in another employer's plan or in an IRA, consolidating accounts may help make it easier to manage your savings but there are several options.

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.