Basic Retirement 401(a) Plan Enrollment for Newly Eligible Participants
Step 1. Review Basic Retirement 401(a) Plan Information Step 2. Choose the Basic Retirement 401(a) Plan contribution tier and investment vendor by completing the Basic Retirement 401(a) Plan Tier Election Form. The Basic Retirement 401(a) Plan Tier Election Form must be submitted to your Campus Benefits Office. Step 3. Access the websites(s) of the Retirement Plan investment vendor(s) that you selected in Step 2 to complete your account application online. Step 4. Final Step – Submission of Forms (Includes Deadline Information)
  • Campus Benefits Office must receive your completed Basic Retirement 401(a) Plan Tier Election Form by the 15th of the month prior to the effective date of your Basic Retirement 401(a) Plan enrollment.
  • Mailing Instructions for Basic Retirement 401(a) Plan Tier Election Form
  • Your vendor online account application(s) must be completed by the 15th of the month prior to the effective date of your Basic Retirement 401(a) Plan enrollment.
  • If both actions above are not completed, you will be enrolled in the Basic Retirement 401(a) Plan by default. Your Basic Retirement 401(a) Plan enrollment will reflect Tier 1 (you contribute 3.5% of your salary and the university contributes 6.5% of your salary.) All contributions will be forwarded to Fidelity Investments and placed in the applicable Fidelity Freedom Fund which corresponds to your date of birth. All contributions will remain invested in the Freedom Fund until you elect to change the investment option or funding vehicle.
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