News from HR

Learn more about the 2019 supplemental retirement increase and representative sessions with Fidelity.

2019 Supplemental Retirement Limit Increase

If you are currently maxing out contributions to a 401k or 457b, you will need to complete new paperwork for the January payroll to increase your contribution to the new maximum.

For 2019 the maximum contribution to either of these accounts will be 19,000 (currently it is 18,500). For employees age 50 or older, you may contribute an additional 6,000 (no change from 2018). Since deductions are made over 24 pay periods, to max out for 2019 at an even contribution level, that amount is 791.67 (under 50); or 1,041.67 (50 and over).

If you contribute to TIAA or Fidelity on a supplemental basis and would like to increase your contribution for 2019, complete the form here. If you participate with Prudential, you should contact them directly to modify your amount for 2019, either through your online account access or by phone at 866-627-5267.


Fidelity Session 

A Fidelity representative will be available on-site for one-on-one appointments and education sessions Thursday, Dec. 20 from 8 a.m. to 5 p.m. in the Medical School Wing C (old Motel) Room 102.   Please register at www.fidelity.com/reserve or call 1-800-642-7131.

As someone who helps others for a living, your own financial well-being is often the last thing on your mind. That’s why Fidelity is here to help you develop a real, relevant plan for your investments. And we can do it on your terms. Fidelity has over 67 years of investing experience, and as a leading retirement provider to higher education institutions, we’re committed to helping you meet your goals.

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