Reenrollment into the North Shore-LIJ
403(b) and 401(k) Plan

Research shows that even with tax-deferred growth and help from the employer, most plan participants need to contribute at least 10% of their pay for a good chance to reach this critical goal.

With this in mind, we have changed our plans to allow for reenrollment (every two years) of all eligible participants that were previously auto enrolled and are currently not contributing or are contributing less than 3% on a pre-tax basis. Starting January 1, 2016, these participants will have a 3% pre-tax contribution withheld from eligible pay.You may change the 3% pre-tax contribution or opt out by accessing your account online or by calling Transamerica at 844-NSLIJHS (844-675-4547).

You may modify your 3% reenrollment by electing a different contribution rate (including 0%), but you must do so by close of business on Wednesday, December 16, 2015, otherwise starting January 1, 2016, all eligible will have a 3% pre-tax contribution withheld from eligible pay. Changes you initiate will be implemented as soon as administratively possible.


Automatic escalation cap raised from 6% to 10%

If you were automatically enrolled into the 403(b) or 401(k) plan and have not made a pre-tax deferral election, your pre-tax contributions will automatically increase by 1% annually (beginning in January) until you are deferring 10%, opt out or elect a pre-tax contribution rate. You may opt out or elect a pre-tax contribution by accessing your account online or by call Transamerica at 844-NSLIJHS (844-675-4547).

OnTrack®: Navigating your way to a funded retirement.

OnTrack® is Transamerica's online retirement income planning tool that can help you understand Your Retirement OutlookSM. Each time you sign in to your account, you'll see a snapshot of your retirement savings progress. The weather icons represent the portion of your retirement income goal that your current strategy is likely to achieve. You are encouraged to add your other plans or your spouse's plans in order to achieve a better and more realistic picture of your retirement readiness. The OnTrack tool can help you stay on course for a more secure financial future. Find out how.

Meet with a Transamerica
Retirement Planning Consultant

The Retirement Team encourages all employees to meet with one of Transamerica's retirement planning consultants, whose role is to assist you in your retirement planning. These are salaried consultants, they are not receiving fees or commissions, so whether you are an active participant or brand new to retirement planning, there is no better time to get started!

Retirement planning consultants are available at most locations. Click here to sign up for a meeting. Click here to find out more.

Consolidation of Healthcare Association of New York State (HANYS) Accounts

North Shore-LIJ Health System has directed Transamerica, where possible, to consolidate Healthcare Association of New York State (HANYS) accounts that were previously merged into the North Shore-LIJ Health System 403(b) Plan. While this consolidation will have no impact to your account or investments, your plan account number may change. Impacted participants received one of the following communications detailing the change, the new available investments and the brief blackout period, as applicable. For more information about this consolidation, don't hesitate to contact a Transamerica Customer Service Representative Monday through Friday between the hours of 8 am ET and 9 pm ET at 844-NSLIJHS (844-675-4547).

Notices for affected plans:

North Shore-LIJ Health System 403(b) Plan account number L755E026 90026

North Shore-LIJ Health System 403(b) Plan account number L755E026 00026

North Shore-LIJ Health System 403(b) Plan account number L755E004 90004

North Shore-LIJ Health System 403(b) Plan account number L755E004 00004

Visit North Shore-LIJ Online

If you'd like to hear more from North Shore-LIJ, check the Total Rewards Update blog here.

To check Employee Self Service for important documents, click here.

Fund and Fee Information

Learn about your plan's
funds and associated fees.
The North Shore-LIJ Retirement Program
Funds and Fees


Fixed Interest Rate Update
As of April 1, 2015, the guaranteed interest rate for the MetLife Fixed Interest Separate Account will be 2.50% across all plans.