Children's Retirement Income Benefit Plan

You play a significant role in providing income for your retirement years. To help you set aside money for the future, the hospital offers the Children’s Retirement Income Benefit (CRIB) plan (403(b) plan. The plan features 2 ways to save for retirement:

The plan also offers matching contributions from Akron Children’s. The match is made each pay period and is made on a pre-tax basis for both traditional and Roth 403(b) accounts. The matching contributions will be taxed at distribution.

Features of the CRIB plan

If you’re an eligible employee, you will be automatically enrolled and begin contributing 4% of your pay to the traditional 403(b) plan on the first full pay period following your date of hire. VALIC offers you the ability to enroll and make changes by using www.valic.com/chmca.

If you aren’t automatically enrolled, you can still contribute by enrolling online. You can elect to defer a different percentage (not less than 1%), opt to contribute to the Roth 403(b), or waive participation.


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