My 403(b) Plan Benefits

Providing a retirement plan that takes into account your financial and physical well-being is important to us. NMC partners with Transamerica to provide a  403(b) and Money Purchase Pension Plan.  Employees are eligible to participate in the 403(b) upon hire.

Tax Sheltered Annuity 403(b)

NMC Employees

  • All new hires will be automatically enrolled at 2% per pay perios unless opt out is elected or a different % per pay period is chosen
  • Employees who are automatically enrolled and make no active changes will be automatically increased to 3% per pay period in Year 2 and 4% per pay period in Year3 for a maximum matching contribution
  • NMC matches 50% of an employee’s contribution up to 4%. These contributions are 100% vested. NMC matching contributions are subject to annual review & can change
Annual Reports:
Summary of Material Modifications (SMM):
Contact Information

To change fund allocations or your deferral percentage:


Access your retirement account information online:

Forms and Flyers:

My Defined Contribution Plan

Defined Contribution Plan:

  • NMC contributes 3% of gross annual pay for all employees who work at least 1,000 hours during a calendar year automatically
  • This plan is a defined contribution plan
  • Please refer to the vesting schedule located in the Employee Benefit Center
  • Contributions are subject to annual review & subject to IRS maximums
Summary Documents and Other Resources:
Contact Information

Northwestern Medical Center, Inc.
133 Fairfield St.
St. Albans, Vermont 05478