The $600 Match Program will continue!

Sun, 09 Jun 2024 14:52:41 -0400
benefits

Good news! For eligible employees, the Match Program will continue for the 2025 fiscal year!

Eligible Employees* can receive a match of up to $600.00 for Fiscal Year 2025!

The State Match will automatically be funded (dollar for dollar up to $600) to a 401(a) Match Plan when deferrals/contributions are made by eligible employees to a supplemental retirement account.

Please note: 401(k), 457(b) and 403(b), Pre-tax and Roth plans are all eligible for the match with any retirement vendor (TIAA, Fidelity, and MSRP/Nationwide).

*Eligible employees: members of the Employees' Pension system

**NOT eligible for the Match Program: members of the Teachers' Pension system, LEOPS, ORP members, and contractual employees.

Need help enrolling in a supplemental retirement account?

For MSRP/Nationwide plans (pre-tax and Roth), they offer "Walk Me Through" Online Enrollment Tutorials/webinars.

The webinar will assist you with enrolling in a Maryland Supplemental Retirement Plan with Nationwide: 457(b), 401(k), or 403(b).

June 20th @ 10am and 2pm

June 27th @ 10am and 2pm

Click Here to Register for the Online Enrollment Tutorial with MSRP/Nationwide.

For TIAA and/or Fidelity supplemental retirement accounts (pre-tax and Roth options available), employees need to complete a one-page DocuSign form. Here is the link to the forms: https://hr.umbc.edu/benefits/retirement-information/supplemental-retirement-accounts/.

Questions? Please email hrbenefits@umbc.edu.