The Nemours Retirement Plans utilizes Transamerica Retirement Solutions as its record-keeper. There is a 403(b) plan for Nemours associates and a 401(k) plan for associates of Children’s Health Alliance, LLC. Both have access to the 457(b) program based on salary requirements.
Full-time, part-time, casual, temporary, and seasonal associates of Nemours are automatically enrolled in the 403(b) plan with a 4% of salary contribution rate. These tax-deferred contributions will begin as soon as administratively possible following 30 days of employment. Associates may opt out of the automatic enrollment or change their contribution rate at any time by contacting Transamerica Retirement Solutions.
The 401(k) plan for associates of Children’s Health Alliance does not have an automatic enrollment feature. For more detailed information about these plans, including eligibility, employer contributions, investment options and plan limits, contact Transamerica Retirement Solutions at 888.676.5512 or visit Transamerica.com/portal