Mount Sinai Health System specializes in medical care, research and education. Comprising seven hospital campuses, an Icahn School of Medicine at Mount Sinai and an extensive ambulatory network that spans New York City and its surroundings.
Mount Sinai Health System offers its employees an attractive retirement plan to assist them with saving for the future. Their plan features traditional defined benefit and tax-sheltered annuity plans as well as 401(k) plans and flexible spending accounts with participant control of investments in each account, plus loans are also available if needed.
A 401(k) plan is an employee savings and investment plan sponsored by employers for their workers, offering individual accounts that allow participants to choose their investments freely while the funds are invested based on an established formula using participant years of service information as well as salary data.
A 401(k) plan can be an invaluable way to reach long-term financial goals and prepare for retirement. When leaving an employer, your options for keeping or rolling over a 401(k) with TIAA Cref are wide open: Keep it with us; roll it into an IRA; withdraw (with possible tax penalties); transfer into charitable gift annuity giving; another popular giving vehicle which provides a steady stream of lifetime income while simultaneously lowering taxes – plus you could make one-time qualified charitable distribution from IRA to fund it – If over 70 1/2.