Page 26 - NRDC Benefits Guide for 2022
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Retirement Savings (continued)
NRDC Matching Contribution
In addition, NRDC will match 1% of your eligible 457(b) Savings Plan
compensation per pay period when you meet the following
conditions: In addition to the 403(b) plan,
eligible employees in key
You have reached two years of eligible service; and management positions may also
You make elective deferrals to the plan equal to 3% or accumulate funds for future
more of your eligible compensation for the pay period.
retirement (or other financial
NRDC Contribution Vesting Schedule needs) through the 457(b) Savings
Plan. This Plan is a non-qualified
You manage this account by selecting the investments. You Plan under Section 457(b) of the
are always 100% vested in your deferrals to the NRDC Internal Revenue Code.
403(b) Tax Deferred Annuity Plan, as well as any earnings
on them. NRDC's contributions and any earnings vest To participate in this Plan, your job
according to the following schedule: role must be a G5 or Shape.
This non-qualified plan of deferred
When you reach… We will vest… compensation will benefit eligible
50% of non-elective employees who already contribute
1 year of eligible service the maximum permitted under the
contributions
403(b) plan, as it affords them the
100% of non-elective opportunity to defer additional
2 years of eligible contributions and 100% of compensation each year.
service
matching contributions Contributions to the 457(b) Plan
are deducted from your pay before
federal income taxes are withheld,
Website: Fidelity.com/atwork with the exception of FICA taxes,
Customer Service: 800.343.0860 and will not be included as income
on your W-2 form at the end of the
Under certain circumstances, you may take loans or year. This reduces the amount you
hardship withdrawals from your account balance. If you are owe in current income taxes.
interested in doing so, please call Fidelity at the “800”
number above to find out wore information and discuss any Should you have any questions
plan or IRS restrictions. about your eligibility, contact the
Benefits Team at
Once you leave NRDC, the vested portion of NRDC's benefits@nrdc.org.
contributions and 100% of your contributions will
remain in your account as long as funds are retained in it,
and you will receive regular statements of deposits and
earnings from Fidelity.
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