The Denver Health Retirement Plan (DHRP) mandatory "Social Security replacement contribution as well as your "Employer and Employer Enhanced Contributions" will begin automatically with your first paycheck. All you need to do is contact Fidelity to choose your investment elections.

Auto Enrollment
If you have not enrolled in the DHRP voluntary contributions within 35 days from your date of hire, you will be automatically enrolled in the Plan at a contribution rate of 3.5% of your pay. Your contributions will be invested in one of the Fidelity Freedom Blend Commingled Pool Class S funds based on your date of birth and a retirement age of 65.

However, 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 35 days from your date of hire. You may change your contribution rate at any time online. Once the contribution is made to your account it will continue to be made until termination, or a plan approved distributable event.

Based on your date of birth and assuming a retirement age of 65, you will be invested in the Target Date Fund, 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.

There are 3 different ways to receive contributions to your DHRP from Denver Health:

1. A 3% "Employer Contribution" for Social Security Replacement will automatically be made to your account. You will be 100% vested immediately in this contribution and it will be made up to the OASDI taxable wage base which is $176,100 for 2025.

2. A 3% "Employer Enhanced" contribution will also automatically be made to your account. This contribution is subject to the 3 year vesting schedule and it will be made up to the annual (401(a)(17)) compensation limit which is $350,000 for 2025.

3. You will also have the opportunity to receive a dollar for dollar match for every dollar you contribute up to 3.5% of your deferral amount. This contribution is subject to the 3 year vesting schedule and it will also be made up to the annual (401(a)(17)) compensation limit which is $350,000 for 2025. If you choose not to contribute or make voluntary contributions less than 3.5%, you will not receive the full 3.5% dollar-for-dollar matching contribution from Denver Health.


The Roth contribution option
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 after-tax Roth contribution and after you have attained age 59½, or become disabled or die. Through automatic payroll deduction, you can contribute between 0% and 100% of your eligible pay as designated Roth contributions, up to the annual IRS dollar limits.

Social Security replacement plan
Denver Health provides a Social Security Replacement Benefit that offers you additional flexibility and control over your contributions, as compared to the Federal Social Security program. You contribute 6.2% of your eligible pay each paycheck (up to the Social Security Wage Base)—the same amount you would contribute if you were paying directly to Social Security—and Denver Health contributes 3% (up to the Social Security Wage Base). But rather than making payments to the governmental program, your contributions are made to a personal retirement account that you can manage according to your own investment strategy, risk tolerance, and time horizon. These contributions are yours to keep and to manage as you see fit.

Denver Health and its employees do not participate in the Federal Social Security program. This means you do not pay Social Security taxes on your Denver Health pay and you do not earn additional Social Security credits while you work here.

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

There is a fixed dollar plan recordkeeping fee of $52.00 per year ($13.00 per quarter) for all participants.

Vesting is the process of becoming entitled to the contributions made to your account. You are always 100% vested in all Social Security replacement contributions made by you and Denver Health, plus any employee voluntary contributions you make. This means that you will not lose any of these contributions, even if you leave Denver Health.

Employees hired before August 23, 2015, are 100% vested in all Denver Health contributions. Employees hired on or after August 23, 2015, are not vested in non-Social Security contributions from Denver Health until they achieve three years of service.

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.

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

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

You are limited to two outstanding loans at one time (one general loan and one home loan) in the 401(a) and are limited to one outstanding loan at one time (one general loan or one home loan) in the 457(b). Any outstanding loan balances over the previous 12 months may reduce the amount you have available to borrow. In the 401(a), you may borrow against all sources of money except your “mandatory” Employee Contribution Source 01 and Employer Contribution Source 02. There are no restrictions on loans from the 457(b) Voluntary Plan. In both cases, the minimum amount available is $1,000, and may not exceed 50% of your individual plan balance or $50,000 whichever is less. There is also a $35.00 setup fee and a $3.75 per quarter maintenance fee associated with all loans. Loan repayments (plus interest) to your plan account are automatically deducted from your pay through after-tax payroll deduction. Please contact Fidelity directly to model a loan or initiate the loan process. If you fail to repay your loan (based on the original terms of the loan), it will be considered in "default" and treated as a distribution, making it subject to income tax and possibly to a 10% early withdrawal penalty. Defaulted loans may also impact your eligibility to request additional loans. Be sure you understand the Plan guidelines and impact of taking a loan before you initiate a loan from your plan account.

Learn more about and/or request a loan online, or by calling the Fidelity Retirement Benefits Line at 1-800-343-0860.

Withdrawals from the Plan are generally permitted when you terminate your employment, retire, reach age 70½ (457b only), have severe financial hardship (457b only), as defined by your plan.

Learn more about and/or request a withdrawal online, or by calling the Fidelity Retirement Benefits Line at 1-800-343-0860.

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.

Learn about exchanges, withdrawals, and more online. In particular, you can access 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 1-800-343-0860.