Yes! We’ve worked with countless Corewell Health employees in the Southwest Michigan area as they navigate their benefits package, 403(b) retirement plans, employer matching, pre-tax vs after-tax contributions, and so much more. 

Retirement plans can vary widely from one company to another. Our team can help you make sense of how your plan works and how you can track your progress. Making the most of your benefits starts with understanding the basics, managing your investment mix, and making appropriate adjustments along the way. 

In short, a plan participant leaving an employer typically has four options (and may engage in a combination of these options), each choice offering advantages and disadvantages:

• Leave the money in your former employer’s account, if permitted
• Roll over your assets to a new employer’s plan, if one is available and rollovers are permitted
• Roll over into an IRA
• Cash out the account value 

Our team can help you navigate your options, explore the advantages and disadvantages of each choice, understand the tax implications of withdrawals versus rollovers, and avoid common (and often expensive) mistakes.