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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).
Disadvantages of 403(b) plans. 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 ...
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 ...
What is the 15-year rule for 403(b) plans? Long-term employees may have the opportunity to save even more through 403(b) plans. Regardless of age, employees with at least 15 years of service with ...
Like a 401(k) plan, a 403(b) plan offers both a traditional and Roth option, each of which provide various tax benefits. Traditional 403(b) A traditional 403(b) plan offers several advantages:
Long Island Jewish Medical Center (also known as LIJMC or LIJ) is a clinical and academic hospital within the Northwell Health system. It is a 807-bed, non-profit tertiary care teaching hospital serving the greater New York metropolitan area .
Staten Island University Hospital (SIUH) is a member hospital of Northwell Health.It is a major tertiary referral center in Staten Island, New York City. [1]SIUH is a two-campus, 668-bed specialized teaching hospital. [1]
Some fringe benefits (for example, accident and health plans, and group-term life insurance coverage up to $50,000) may be excluded from the employee's gross income and, therefore, are not subject to federal income tax in the United States. Some function as tax shelters (for example, flexible spending, 401(k), or 403(b) accounts).