Bowdoin College Retirement Plan
Bowdoin’s Retirement Plan is a 401(a) qualified plan through Fidelity Investments.
401(a) Plan - Fidelity Performance and Investment Options - Quarter 3
Bowdoin College Retirement Plan Investment Options 401(a)
Supplemental Retirement Plans
Bowdoin also offers you the option of saving for your retirement through a Supplemental 403(b) Retirement Account, offered through Fidelity Investments, American Century, or Vanguard.
Any employee can decide at any time to contribute to the Supplemental 403(b) Retirement Plan.
403(b) Plan - Fidelity Performance and Investment Options - Quarter 3
For contributions made on your behalf by the Bowdoin College 401(a) Retirement Plan you must pick from a College approved list of investment options. The approved list of investment options is reviewed annually by the College’s Investment Committee and is subject to change. For Supplemental 403(b) Retirement Accounts there are a number of funds to choose from with Fidelity, American Century and/or Vanguard.
If you use Fidelity for your SRA contributions for either your traditional pre-tax 403(b) contributions or your after-tax Roth 403(b) contributions, you can pick funds from the approved list of investment options available for the Bowdoin College 401(a) Retirement plan or from any available Fidelity 403(b) fund. Fidelity Investments also sends a Bowdoin designated representative to campus several times a year and (s)he is available to provide personal investment advice. You can schedule an appointment by calling Fidelity at 1-800-642-7131.
When you become eligible to receive contributions from the Bowdoin College 401(a) Retirement Plan you will receive the enrollment materials and a list of investment options from Human Resources.
If you wish to make your own retirement contributions to a Supplemental 403(b) account you can do so at any time by taking the following steps:
- Decide which carrier(s) you want to use.
- Contact Mary Cote in Human Resources x3033 or firstname.lastname@example.org to obtain the enrollment materials for the carrier of your choice.
- Decide how much money you want to contribute each pay period.
- After the account is open and ready to accept contributions, you must designate the amount you want to contribute through your Workday account - click on the Benefits Worklet on your home page and then "Change Benefits" for additional instructions. You can change the amount you are contributing at any time. The amount you elect to contribute continues on each pay period (even into the next calendar year) until you change it otherwise. You are responsible for making sure you understand and adhere to the contribution limits.
In order to change or update the beneficiaries of your retirement plan(s), print and complete the appropriate form and return to Human Resources. If you have questions about the forms, please contact Mary Cote (x3033) in Human Resources.
Fidelity Beneficiary 401(a) Plan
Fidelity Beneficiary 403(b) Plan
Fidelity Beneficiary Officers Plan
For retirement accounts with TIAA-CREF, please request a beneficiary change form directly from the company (1-800-842-2252).
For retirement accounts with Vanguard, please request a beneficiary change form directly from the company (1-800-662-7447).
Michael Fraser - Retirement Planner is a licensed financial professional with more than 10 years of experience helping people plan for their financial futures. He can help with many of your everyday financial needs - from investing in your workplace retirement plan, to identifying ways to save for college tuition and much more. You can meet with Michael by phone or video conference, to schedule a time, click on the link below or call 800-642-7131.
Schedule a one-on one meeting
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