Step-by-Step Enrollment for 401a Plan
Step 1 — Review Basic Retirement 401(a) Plan Information
Step 2 — Choose the Basic Retirement 401(a) Plan contribution tier by completing the Basic Retirement 401(a) Plan Tier Election Form.
Basic Retirement 401a 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 Fidelity Net Benefits website to select your investment vendor.
Even if you are selecting TIAA you will make the election on the Fidelity participant portal. Access to the Fidelity participant portal can also be made via Firefly - Employee Self Service by selecting the My Retirement Plan tile in the ESS Benefits section. Click here for additional information on how to access My Retirement Plan in Firefly.
Step 4 — Access the website(s) of the Retirement Plan investment vendor(s) that you selected in Step 2 to complete your account application online.
Step 5 — Submission of Forms (including 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 Vanguard Target Date Fund which corresponds to your date of birth. All contributions will remain invested in the Target Date Fund until you elect to change the investment option or funding vehicle.