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Northwell Health is a nonprofit integrated healthcare network that is New York State's largest healthcare provider and private employer, with more than 81,000 employees. [ 1 ] The flagship hospitals of Northwell are North Shore University Hospital and Long Island Jewish Medical Center (LIJ Medical Center).
403(b) plans may contain limited investment options that are not employee-friendly such as annuities with low returns, expensive fees and surrender charges. If you have a 403(b) plan, look to ...
The Employee Retirement Income Security Act (ERISA) does not require 403(b) plans to be technically "qualified" plans (i.e., plans governed by U.S. Tax Code 401(a)), but 403(b) plans have the same general appearance as qualified plans. While the option is available it is not known how prevalent or if any 403(b) plan has been started or amended ...
Offered by different employers: A 403(b) plan is generally offered by public schools, churches and non-profit organizations, whereas a 401(k) plan is typically provided by for-profit companies.
A plan must be administered according to the plan document. Benefits are required to commence at retirement age (usually age 65 if no longer working, or age 70 1/2 if still employed). Once earned, benefits may not be forfeited. A plan may not discriminate in favor of highly compensated employees. A plan must be insured by the PBGC.
A 403(b) retirement plan is the type of retirement plan offered by schools, nonprofits and other tax-exempt organizations. These plans function similarly to 401(k) plans and allow employees to ...
North Shore University Hospital (formerly known as Manhasset Hospital) is a part of Northwell Health, New York State's largest healthcare provider and private employer. [1] It is one of two primary teaching hospitals for the Zucker School of Medicine (along with Long Island Jewish Medical Center ), offering residency programs, postgraduate ...
Nuvance Health is an American not-for-profit health system with facilities spanning from New York State's Hudson Valley region to western Connecticut. Nuvance Health was formed in 2019 when Health Quest and Western Connecticut Health Network merged. [1] [2] In early 2024, Nuvance Health announced it was merging with Northwell Health. [3]