Fidelity Salary Reduction Agreement

The Salary Reduction Agreement (SRA) allows the UW to withhold either a dollar amount or a percentage of the salary (salary) from each paycheck and send it to the ASD providers you have chosen. WARNING: If you opt for 100%, your total salary – according to Social Security (FICA), insurance premiums and necessary deductions – will be sent to your TSA provider and you will receive a check for $0.00 USD. Your UW TSA 403(b) contribution limit is reduced in dollars for dollars by the contributions you pay to one of the following retirement plans: other 403(b), 401(k) and Federal Funds Management Plans (FST) and SIMPLE IRAS, SIMPLE 401(k)s and IRAS salary reduction. Looking for more information or do you have a specific question? Take a look at the FAQ page or the Question &Answer Guide pdf. You do not have to complete a Salary Reduction Contract (SRA) if you register with the EZ registration form. To stop or change your deductions in the future, you must complete and file an SRA. Each UW Tax-Sheltered Annuity (TSA) 403(b) provider must make its operating costs when managing your investments. These expenses are withdrawn from the Fund`s assets and have an impact on the Fund`s overall performance. The measure of the cost for a supplier to manage their funds is called the cost ratio.

The lower the cost rate, the higher the return is usually for you – the investor. Follow our simple steps to quickly complete your Pay Reduction Contract Form 457 Plan – Fidelity Investments: We know this can be a troubling time for you and your family and you may have questions. Here is some information you can check in the context of COVID-19. Please note that a signature from the UW Plan Administrator is not required for any of the current TSA providers – simply fill out the form, sign it, and send it directly to the TSA provider. The UW Tax-Sheltered Annuity 403(b) program enhances the program. You can find up-to-date information on the TSA Program Extensions page. For other webinars in the areas of wellness, visit the staff webinars page (webinars can be poster cross). Click below to receive instructions on how to create an account via the EZ registration form, online or via a paper application.

Links to supplier websites, registration forms and the “Salary Reduction Agreement” form can be found in the menu below. Debt Management: The art of balancing expenses and savings Funds with proportional institutional classes have the same management team and investment objectives as funds in other equity classes, but cost ratios are lower. Access to low-cost funds has a significant benefit for UW TSA participants. If you are already logged in and want to change your withdrawal, you have two options. For each provider you choose, you must complete a Salary Reduction Agreement (SRA) after creating your account (except: the EZ registration form does not require an SRA to be completed). . . .

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