SAU 29's 403(b) Plan

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 goals.

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 (tspruchman@sau29.org) or Cathy Gray (cgray@sau29.org) 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.

Information

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