Effective Jan 1, 2026, 91ÌƲ®»¢ will increase its voluntary matching contributions from 3% to 3.5%. This increase, coupled with the mandatory contribution match of 3%, moves the total match of retirement contributions from 6% to 6.5%. 91ÌƲ®»¢ is committed to helping its employees to prepare for the future, and this increase in the retirement match demonstrates that unwavering commitment.ÌýÌý
How the match worksÌý
Full-time regular faculty and staff, and part-time regular staff are automatically enrolled in the 91ÌƲ®»¢ retirement plan with mandatory 3% contributions of pre-tax salary. You may elect a voluntary contribution for which 91ÌƲ®»¢ will match up to 3.5%. This match applies to pre-tax and Roth (after-tax) contributions. Here are some examples to demonstrate how the voluntary match works.ÌýÌý
Example 1: If you elect 6% voluntary contributions, your total employee contribution will be 9% (3% mandatory + 6% voluntary = 9% total employee contribution). 91ÌƲ®»¢ will match a total of 6.5% of these contributions.Ìý
Example 2: If you elect 2% voluntary, your total employee contribution will be 5% (3% mandatory + 2% voluntary = 5% total employee contribution). 91ÌƲ®»¢ will match a total of 5% of these contributions. Note that this election does not maximize 91ÌƲ®»¢â€™s 3.5% voluntary matching contribution.Ìý
Example 3: If you elect 2% voluntary pre-tax, and 2% voluntary Roth (after-tax), your total employee contribution will be 7% (3% mandatory + 2% voluntary pre-tax + 2% voluntary Roth = 7% total employee contribution). 91ÌƲ®»¢ will match 6.5% of these contributions (3% mandatory + 2% voluntary pre-tax + 1.5% Roth).Ìý
What you need to doÌý
If you currently have a voluntary contribution rate of 3.5% or more, you do not need to take any action. The increased match will automatically be included in your future pay checks.Ìý
If you currently contribute less than 3.5%, you may want to consider increasing your contribution rate to take advantage of the full match from 91ÌƲ®»¢. Instructions on how to make changes are below. If you choose to leave your contributions as they are now, you will still receive matching contributions of up to 3.5%.ÌýÌý
How to make voluntary contribution changesÌý
You may make changes to your retirement contributions at any time during the year. Once your contribution elections have been made, changes take effect in the next one to two payroll cycles. There are three ways to make changes:Ìý
- Option 1 – Call Fidelity’s Retirement Service Center at 800-343-0860 and request to have your voluntary contributions in the 91ÌƲ®»¢ Retirement Plan changed. Ìý
- Option 2 – Complete through . This can help you through the process. Ìý
- Option 3 – Complete through Fidelity NetBenefits mobile app.Ìý