D.R. Harris & Co.

Today, Eastern Maine Medical Center, part of Northern Light Health, requires employees to wait a full year before they can receive employer contributions in its 403(b), and then another two years before they become vested in the employer match. On paper, this may appear fiscally responsible. In practice, it may be a missed opportunity—and one that sends the wrong message to the provider workforce, especially in a place where there is a chronic shortage of providers.

This article discusses 6 common questions Unum retirees and pre-retirees have about their 401(k) Plan

If you work in healthcare and participate in a 457(b) or 409(a) retirement plan, the financial health of your employer — especially if it's a nonprofit hospital — is more than just background noise. It could directly affect your retirement savings. While most people assume that once their money is set aside for retirement, it's safe, these particular types of deferred compensation plans work a bit differently.

This article covers the Eastern Maine Medical Center and Northern Light Healthcare Retirement Plan Transition for a Pension Plan to a 401(k)/403(b) plan and provides some general options on the available investment options as well as discusses some considerations Eastern Maine Medical Center and Northern Light Healthcare physicians should be aware of as they approach retirement and deal with this transition.

1)    Did MaineHealth lose a 403(b) lawsuit for having a bad 403(b)? If MaineHealth (the corporate name for Maine Medical Center) did...