collapsed, click to expand | When can I enroll in the Plan? |
You are eligible to participate in the Plan immediately after your date of hire.
collapsed, click to expand | How do I enroll in the Plan? |
Enroll online at any time, or by calling the Fidelity Retirement Benefits Line at 1-800-343-0860.
collapsed, click to expand | Does the Employer contribute to my account? |
For additional information regarding the Employer match, please contact Human Resources.
collapsed, click to expand | When am I vested? |
You are always 100% vested in The George Mason 401(a) Match Plan.
collapsed, click to expand | What are my investment options? |
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. A complete description of the Plan’s investment options and their performance, as well as planning tools to help you choose an appropriate mix, are available online.
collapsed, click to expand | What if I don’t make an investment election? |
We encourage you to take an active role in The George Mason 401(a) Match Plan and choose investment options that best suit your goals, time horizon, and risk tolerance. If you do not select specific investment options in the Plan, your contributions will be invested in the Fidelity Freedom® Fund Class K 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 George Mason University.
If no date of birth or an invalid date of birth is on file at Fidelity, your contributions may be invested in the Fidelity Freedom® Retirement Fund Class K. More information about the Fidelity Freedom® Fund Class K options 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.
collapsed, click to expand | Is there a self-directed brokerage option in my plan? |
For those desiring the most investment flexibility and choice, the Plan offers Fidelity BrokerageLink®, a self-directed brokerage account, which provides you with the opportunity to select from thousands of investment options beyond those offered in the standard plan lineup. More information about BrokerageLink®, including an overview, the commission schedule, and a fact sheet that outlines the Plan-level restrictions and other settings, is available online at NetBenefits. Click on "Quick Links," then select "BrokerageLink."
collapsed, click to expand | Can I make withdrawals? |
Withdrawals from the Plan are generally permitted when you terminate your employment, retire, reach age 59½, become permanently disabled, or have a severe financial hardship, as defined by your plan.
Learn more about and/or request a withdrawal online, or by calling the Fidelity Retirement Benefits Line at 1-800-343-0860.
collapsed, click to expand | Can I move money from another retirement plan into my account in The George Mason 401(a) Match Plan? |
You may roll over eligible pretax contributions from another 401(a) plan account into this Plan.
Contact your Fidelity Investments Representative for details.
Be sure to consider all your available options and the applicable fees and features of each before moving your retirement assets.
collapsed, click to expand | How do I designate my beneficiary? |
If you have not already selected your beneficiaries, or if you have experienced a life-changing event such as a marriage, divorce, birth of a child, or a death in the family, it’s time to consider your beneficiary designations. Fidelity’s Online Beneficiaries Service, offers a straightforward, convenient process that takes just minutes. To make your elections, click on the “Profile & Settings” icon in the upper right-hand corner, then select “Beneficiaries” and follow the online instructions.