403(b) plans are a way for employees of schools and other non-profit
organizations to contribute money, pre tax, for retirement savings. This
type of plan, known as a Defined Contribution plan, allows employees to
contribute up to $18,000 per year (employees over age 50 can contribute
an additional $6,000) into the funds that best fit their investment
School Administrative Unit 29 is pleased to partner with Fidelity
Investments as our exclusive provider of investment options and
record keeping services for the SAU 29 403b plan. Fidelity is one of the
nation's largest mutual fund companies, managing the accounts of more
than 18 million investors. Fidelity offers a great combination of low
fees, broad investment options, and comprehensive investment assistance
to eligible SAU 29 employees.
Setting up a 403(b) plan couldn't be easier
- Go to the Fidelity web site and use some of their planning tools
to decide how much to save, and the types of funds that will best help
you reach your goals.
- An Enrollment Form and Workplace Savings Plan Contribution Form may be downloaded by clicking here .
- Make sure you have read and understand the prospectus of the fund option(s) you are choosing.
- Mail the completed Enrollment Form to Fidelity and the Workplace
Savings Plan Contribution form to payroll. Any questions, please
contact either Tasha Spruchman (firstname.lastname@example.org) or Cathy Gray (email@example.com) in payroll.
Please note for the Enrollment Form that the SAU 29 plan number is 54585.
- Your 403(b) plan will start within 2-3 payroll cycles, depending upon when Fidelity processes your Enrollment Form.
Once everything is set up, information about your account is easy to obtain at www.fidelity.com/atwork
or by calling a Retirement Services Specialist at 800-343-0860 (The
quickest way to speak to an enrollment specialist is by pushing the #
key 3 times).
Information on how to transfer your account to Fidelity, as well as
details on your new investment options and enhancements is available
from the Benefits Office. Please review the important information below
in order to make this a smooth transition to Fidelity.
Fidelity Investments Retirement Services Specialist
Retirement Services Specialist are available to answer any of your questions.
Call 1-800-343-0860, Monday through Friday 8:00 AM, to midnight ET. www.fidelity.com/atwork