Retirement Savings Enrollment Guide
Post on: 11 Апрель, 2015 No Comment
Table of Contents
Revised January 1, 2013
This guide is designed to help you make decisions on the investment options available to you through Stanford‘s retirement savings program. It is not the official plan document. Benefits discussed here are governed by the plan documents, contracts, Stanford policies, and applicable state and federal laws. If there is a conflict between the wording of this information and any policy, document or applicable law, the policy, documents, and applicable laws govern. Stanford reserves the right to alter, amend or terminate these plans at any time .
Invest Some Earnings Now For A Healthier Financial Future
Get Started
Advantages of Saving with SCRP
After your first year of employment, Stanford adds:
One percent of eligible compensation throughout your second year of employment, then an additional percent each year of employment to a 5% maximum, and
- Matching Contribution
Another 1.5 % of your eligible compensation when you contribute at least 1%
3% when you contribute 2%
4% when you contribute 3%
5% maximum when you contribute 4% or more
How To Enroll
You can easily enroll online using Stanford Retirement Manager – powered by the Fidelity NetBenefits ® Web site, or by phone. Fidelity Investments administers the retirement savings plan for the university. Before you enroll, it is a good idea to complete the sections below to ease the enrollment process.
Stanford Retirement Manager Online
- Click on MyBenefits in the upper right corner of this page and select Retirement Savings to find the Stanford Retirement Manager
- 24 hours a day/7 days a week
Stanford Retirement Manager by phone
- Call toll-free to speak to a Retirement Services Specialist (888) 793-8733
- Monday through Friday – except holidays
- 5 a.m. to 9 p.m. Pacific Time
STEP 1 – Decide the percentage (whole percentages only) of salary you wish to contribute through payroll deductions. (Note: CRA elections take effect only after you become eligible for the CRA.)
Remember, if you have been employed over one year and contribute to both accounts, the combined amount of your before-tax contributions cannot exceed the IRS limit. The annual limits are posted on the Benefits Web site.
Contribution Type-Source