457(b) plan

Take advantage today 

Participation in the plan is limited to a select group of executives whom Broward Health from time-to-time designates as eligible participants. Broward Health may impose a condition that an eligible participant must sign the plan contract in order to participate in the plan.

Starting early has its advantages 

Your contributions

Participant contributions are not permitted in this plan. Broward Health, at their discretion, may contribute a nonuniform amount to participant’s account. Broward may also determine at their discretion each eligible participant’s discretionary non elective contribution and may determine such amount based on their intended target benefit goal.

Once you meet the vesting requirement under the plan, all future contributions will be made on an after-tax basis. You may increase or decrease the amount you contribute to the plan as often as your employer allows.

Vesting

Vesting is a participant’s right of ownership to the money in his or her plan account. 

• If you are a senior level executive, you are vested in the account balance after you have completed two years of eligible service.
• If you are a non-senior level executive, you are vested in the account balance after you have completed five years of eligible service.
• In addition, you will be 100% vested upon death, disability, Normal Retirement Age (65), involuntary termination without cause or termination of service for good reason.

Accessing your money 

Withdrawals

Funds will be distributed from the plan in these events:

• Death
• Disability
• If the service completion date is reached or if involuntary termination without cause. All contributions and earnings are taxed when the funds are no longer subject to a substantial risk of forfeiture (when you reach your service completion date).

An array of investment choices

The following funds are available in your retirement plan. They provide you with the flexibility you need to create a suitably diversified portfolio that matches your personal retirement time horizon, investment risk tolerance, and investment preferences.

• View the entire list of funds and performance available in your 457(b) plan.

To view or print a prospectus, access “Prospectuses and Other Important Materials”. The prospectus contains the investment objectives, risks, charges, expenses and other information about the respective investment companies that you should consider carefully before investing. Please read the prospectus carefully before investing or sending money. You can also request a copy by calling 1.800.428.2542.