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What is BIDMC Retirement Plans Overview about?

BIDMC offers a retirement program through Fidelity Investments, including a 401(k) Savings and Investment Plan and a Voluntary 403(b) Plan, with tax-deferred savings options. Employees can contribute up to $23,000 in 2024, with additional catch-up contributions available for those aged 50 and older. BIDMC matches contributions after one year of service and provides an annual core contribution based on age and service, with immediate vesting for employer contributions.

Author

Cazacu Cornel

Language

EN