BRIDGEPORT HOSPITAL EMPLOYER CONTRIBUTION RETIREMENT PLAN Contribution & Employer Match

BRIDGEPORT HOSPITAL EMPLOYER CONTRIBUTION RETIREMENT PLAN Average Participant Retirement Account Value

• NOT_FOUND – The Plan is a defined contribution plan covering substantially all eligible employees of the Hospital.
• To be eligible for an annual Hospital contribution, the employee must complete one year of eligible service, be employed on December 31 of the calendar year and complete at least 1,000 hours of service during that year.
• Additionally, employees are eligible for an employer match on their contributions to the Bridgeport Hospital Tax Sheltered Annuity Plan.

• The Hospital annually contributes between 3% and 8% of each participant’s gross salary based on the participant’s years of credited service as of the last day of the plan year.
• Any Hospital employee can contribute to the Bridgeport Hospital Tax Sheltered Annuity Plan and the Hospital will make a matching contribution to the Plan based on a percent of base pay to the Plan.
• If an employee contributes 1% of bi-weekly base pay, the Hospital will contribute 1% to the Plan.
• For each 1% increase in employee contribution, the Hospital’s percentage matching contribution will increase an additional .5% of the next 4% of the participant’s compensation contributed to the Bridgeport Hospital Tax Sheltered Annuity Plan, up to a maximum of 3% of the employee’s bi-weekly base pay.