457(f) plan

Take advantage today 

Participation in the plan is limited to a select group of executives whom Broward Health from time-to-time designates as eligible participants. Broward Health may impose a condition that an eligible participant must sign the plan contract in order to participate in the plan.

Starting early has its advantages 

Your contributions

Participant contributions are not permitted in this plan. Broward Health, at their discretion, may contribute a nonuniform amount to participant’s account. Broward may also determine at their discretion each eligible participant’s discretionary non-elective contribution and may determine such amount based on their intended target benefit goal.

Once you meet the vesting requirement under the plan, all future contributions will be made on an after-tax basis.

Vesting  

Vesting is a participant’s right of ownership to the money in his or her plan account. 

• If you are a senior level executive, you are vested in the account balance after you have completed two years of eligible service.
• If you are a non-senior level executive, you are vested in the account balance after you have completed five years of eligible service.
• In addition, you will be 100% vested upon death, disability, Normal Retirement Age (65), involuntary termination without cause or termination of service for good reason.