Supplemental Retirement Account (SRA) forms are in DocuSign

Mon, 14 Dec 2020 17:11:39 -0500
benefits

As previously announced, the TIAA and Fidelity Supplemental Retirement Account (SRA) deduction change forms have migrated into DocuSign. SRA contributions can be initiated or changed at any time!

The IRS Contribution limits have not increased for the 2021 calendar year, and will remain at the 2020 limits. Please see the HR Website for plan comparison charts, forms and deduction schedules.

To initiate or change your supplemental retirement deduction:

1. Visit the Supplemental Retirement Webpage

2. Select the Plan and the Company you wish to initiate or change:

Pre-Taxed Plans: 403b, 457b, 401k

After Tax ROTH Plans: 403b, 457b, 401k

3. SRA forms for TIAA and Fidelity plans will initiate in DocuSign and will be routed to Human Resources for approval. Please note, MSRP Nationwide contribution changes are done directly through MSRP's member portal.

4. Once changed, please monitor your paycheck in POSC. It takes 1-2 pay periods to see the SRA contribution changes on your paycheck. Forms submitted prior to 5:00 pm on Monday, December 20, 2020 will be reflected on the January 8, 2021 paycheck.

Did you know as a UMBC employee, you have access to FREE financial counseling? All of our retirement vendors offer free virtual financial consultations. Schedule your appointment by visiting the following page.

If you have questions, please email hrbenefits@umbc.edu

Thank you!