WESLEYAN UNIVERSITY RETIREMENT PLAN Contribution & Employer Match

WESLEYAN UNIVERSITY RETIREMENT PLAN Average Participant Retirement Account Value

WESLEYAN UNIVERSITY RETIREMENT PLAN Estimated Average Employee Contribution Amount

• Each year participants may contribute up to 85% of pretax annual compensation, as defined in the Plan.
• The Plan also allows for Roth contributions, as defined in the Plan.
• Participants who have attained age 50 before the end of the Plan year are eligible to make catch-up contributions.
• Participants may also contribute amounts representing distributions from other qualified plans (rollover).

• The University will match 50% of the participant’s salary reduction contribution under the Wesleyan University Retirement Plan up to 6% of the participant’s monthly base earnings, for a maximum matching contribution equal to 3%.

• Participants are always 100% vested in their contributions under the Plan.
• Vesting in the University’s contribution portion of their accounts is as follows: 1) For faculty, professional librarians, public safety bargaining unit employees, and administrative staff, vesting occurs upon completion of three years of service, or reaching age 65, whichever occurs first.
• Nonelective contributions made to staff employees made prior to January 1, 1992, are 100% vested regardless of the participant’s length of service.
• 2) For physical plant and secretarial/clerical bargaining unit employees, vesting occurs upon completion of two years of service, or reaching age 65, whichever occurs first.
• Nonelective contributions made to these bargaining unit employees made prior to October 22, 2010 are 100% vested regardless of the participant’s length of service.