Retirement
The Suburban Hospital 403(b) Savings Plan can help you save for retirement.
- You are eligible to contribute to the tax-deferred 403(b) retirement savings plan immediately upon hire.
- You can choose to do percentage of salary or dollar amount up to the maximum allowable contribution amount per the IRS.
- You are not automatically enrolled in this plan. You must elect to participate.
- After one plan year of employment during which you worked 1,000 hours or more, Suburban will match 50% of your contribution to the plan up to a maximum of 2%. This contribution is made in February for those who met the eligibility criteria and were actively employed as of Dec. 31.
- You are vested in match contributions after three credited years of service in which you work a minimum of 1,000 hours.
Webinars
TransAmerica hosts webinars throughout the year to help you prepare for the future and make the most of your finances in retirement.
Your IRS maximum contribution
In 2025, you may contribute up to $23,500 of your gross income. If you are age 50 or older you can contribute up to an additional $7,500.
Retirement Plan Essentials (Year round)
No matter what your retirement dream is, the most important thing you can do today is create a retirement strategy that will turn your vision into reality. One of the best tools you can use as part of that strategy is your employer’s retirement plan.
Get Ready to Retire (January and July)
Learn about strategies for transitioning into retirement, and the questions you should be asking now to prepare.
Guide To Medicare (February and October)
Transamerica can help explain the “A, B, C, Ds” of Medicare and how to start piecing together your healthcare strategy.
Women’s Guide to Financial Wellness (March)
Learn about tools and resources to feel confident making financial choices and develop a sound retirement strategy.
Managed Advice (April)
Managed Advice can help you build a personalized investment portfolio, recommend how much to save and connect you with financial professionals who can answer questions about retirement planning.
Guide To Social Security (May)
This webinar will show you how Social Security can fit into your retirement income plan and share different strategies for when to claim your benefit.
Estate and Legacy Planning (June)
Regardless of your age, income, or account balance, an estate plan can help you safeguard your legacy and protect the people most important to you. This webinar explains the importance and purpose of an estate plan and how to get started.
Investing For Retirement (August)
How you invest your retirement savings plays an important role in determining when you’ll be able to retire. The key balancing act to investing is aligning your goals, the number of years you have until you want to achieve those goals (referred to as time horizon), risk tolerance, and reward potential.
Managing Debt (September)
Guide to Retirement Income Planning (November)
Switching from a saving to a spending mindset can be tricky but there are simple steps you can take to make it easier, starting with making a plan. This presentation explains why retirement income planning is critical and discusses key steps to developing your plan.