If you are benefits eligible, you are automatically enrolled in the Tufts University-Funded Retirement Plan - 401(a) (401(a) Plan).

You can choose where you want your University-Funded contributions directed and your retirement provider(s). You can choose to direct 100% of your University-Funded contributions to one provider or split your election to contribute a portion to each retirement provider. For example, you can elect to direct 50% to Fidelity and the other 50% to TIAA. Or you can elect any other split you prefer as long as the total equals 100%. If you do not select a retirement provider, your University-Funded contributions will be directed to Fidelity and invested in the Plan default option.

Tufts University contributes a percentage of your salary beginning on your date of hire if you are a Benefits Eligible employee and at least 21 years of age. The Plan is fully funded with university contributions as follows:

• Age 21-39 = 5% of salary under Social Security wage base and 10% of salary over Social Security wage base.


• Age 40 and over = 10% of salary under Social Security wage base and 15% of salary over Social Security wage base.

You are 100% vested in the Tufts University-Funded Retirement Plan - 401(a) after three years of eligible service or reach age 60 as an active employee.

We encourage you to take an active role in the Tufts University-Funded Retirement Plan - 401(a) and choose investment options that best suit your goals, time horizon, and risk tolerance. If Fidelity is your selected retirement provider and you do not select specific investment options in the Plan, your contributions will be invested in the Vanguard Target Retirement Fund with the target retirement date closest to the year you might retire, based on your current age and assuming a retirement age of 65, at the direction of Tufts University.

If no date of birth or an invalid date of birth is on file at Fidelity your contributions may be invested in the Vanguard Target Retirement Income Fund. More information about the Vanguard Target Retirement Fund can be found online.

Target Date Funds are an asset mix of stocks, bonds and other investments that automatically becomes more conservative as the fund approaches its target retirement date and beyond. Principal invested is not guaranteed.

If TIAA is your selected retirement provider and you do not select specific investment options in the Plan, your University-Funded contributions will be invested in the TIAA Vanguard Balanced Index Fund.

To help you meet your investment goals, the Plan offers you a range of options. You can select a mix of investment options that best suits your goals, time horizon, and risk tolerance. The many investment options available through the Plan include conservative, moderately conservative, and aggressive funds. Select the Plans and Investments tab for details.

If the idea of getting professional help to manage your investments appeals to you, your plan offers Target Date Funds. With Target Date Funds, the investment mix of stocks and bonds automatically becomes more conservative as the target retirement date approaches. Principal invested is not guaranteed at any time, including at or after the fund’s target date. Choose the fund that represents your anticipated year of retirement.

For those desiring the most investment flexibility and choice, the Plan offers a self-directed brokerage option, which provides you with the opportunity to select from thousands of mutual funds and other investment options — beyond those offered in the standard plan line up.

Loans are not allowed in the Tufts University-Funded Retirement Plan - 401(a). Loans are available from the Self-Funded Retirement Plan - 403(b). Please see the 403(b) Plan for details.

Withdrawals from the Plan are generally permitted when you terminate your employment, retire, or reach age 60 as an active employee.

Please contact your retirement provider directly for more information on withdrawals from your plan.

Fidelity: Call 1-800-343-0860 or log in to your account at www.netbenefits.com/tuftsuniversity.

TIAA: Call 1-800-842-2776 or log in to your account at www.tiaa.org/tuftsuniversity.

Rollovers are not allowed into the Tufts University-Funded Retirement Plan - 401(a). Rollovers are allowed into the Self-Funded Retirement Plan - 403(b). Please see the 403(b) Plan for details.

Your beneficiary or beneficiaries will inherit your account in the event of your death. You should consider identifying a beneficiary when you enroll in your plan, and updating the information if you experience a life-changing event such as a marriage, divorce, birth of a child, or death in the family.

If you have an account with Fidelity, you can update your beneficiaries online at www.netbenefits.com/tuftsuniversity or call Fidelity at 1-800-343-0860 for assistance.

If you have an account with TIAA, you can update your beneficiaries online at www.tiaa.org/tuftsuniversity or call 1-800-842-2776 for assistance.