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

If you have not enrolled in the Plan within 60 days from your date of hire, you will be automatically enrolled in the Plan at a contribution rate of 5% of your pretax eligible earnings.

Based on your date of birth and assuming a retirement age of 65, you will be invested in the BlackRock LifePath^® Index Retirement Fund Class W, 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 60 days of your employment. You may change your contribution rate at any time online, or by calling the Inova Retirement Service Center at 877-MYINOVA (877-694-6682).

In addition, you will also be enrolled in the Automatic Increase Program, which will automatically increase the amount you defer by 1% on an annual basis up to 10%.

Enroll online at any time, or by calling the Inova Retirement Service Center at 877-MYINOVA (877-694-6682).

Through automatic payroll deduction, you can contribute between 1% and 50% of your eligible pay on a pretax basis.

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 401(k) contribution and after you have attained age 59½, or become disabled or die. Through automatic payroll deduction, you can contribute between 1% and 50% 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^®.

The IRS contribution limit for 2024 is $23,000.

Your enrollment becomes effective once you elect a deferral percentage, which initiates deduction of your contributions from your pay, or when you are automatically enrolled after 60 days from your date of hire, whichever occurs first. These salary deductions will generally begin within one to two pay periods after you are eligible and we receive your enrollment information, or as soon as administratively practicable.

Inova Health System helps your retirement savings grow by matching your contributions. Inova Health System will begin matching your contributions upon commencement of your salary reductions. Your Employer will match 100% of the first 5% of pay you contribute.

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” link, then select “Beneficiaries” and follow the online instructions.

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 Inova Health System 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 Retirement Fund Class W 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 Inova 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 BlackRock LifePath^® Index Retirement Fund W. More information about the BlackRock LifePath^® Index Retirement Fund Class W 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 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. You make catch-up contributions through payroll deduction, the same way you make regular contributions.

You are always 100% vested in your own contributions, as well as any earnings thereon. You are 100% vested in the Employer's matching contributions and any earnings thereon after three years of service.

Years of service	Vested percentage
1	0
2	0
3	100

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 Inova Retirement Service Center at 877-MYINOVA (877-694-6682).

Withdrawals from the Plan are permitted when you terminate your employment, retire, reach age 59½ while actively employed, or have severe financial hardship as defined by your plan.

When you leave the Inova Health System, you can withdraw contributions and any associated earnings or, if your vested account balance is greater than $1,000, you can leave contributions and any associated earnings in the Plan. After you leave the Inova Health System, if your vested account balance is equal to or less than $1,000, it will automatically be distributed to you. However, if your vested account balance is greater than $1,000 but not more than $7,000, you may be notified that your entire vested account balance will be transferred to an Individual Retirement Account (Rollover IRA), unless you request either a cash distribution or a rollover distribution of your choice.

Learn more about and/or request a withdrawal online, or by calling the Inova Retirement Service Center at 877-MYINOVA (877-694-6682).

You are permitted to roll over eligible pretax contributions from another (k), 401(a), 403(b), 403(a) or 457(b) governmental Plan account or eligible pretax contributions from individual retirement accounts (IRAs).

Additional information can be obtained online, or by calling the Inova Retirement Service Center at 877-MYINOVA (877-694-6682).

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

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 Inova Retirement Service Center at 877-MYINOVA (877-694-6682).

Go Paperless! Update your e-mail address to receive important benefits information electronically. Log on to Fidelity NetBenefits^® and go to Your Profile then click on E-mail Address.