WILLIAM MARSH RICE UNIVERSITY DEFINED CONTRIBUTION RETIREMENT PLAN Contribution & Employer Match

How WILLIAM MARSH RICE UNIVERSITY Supports Your Retirement Savings

WILLIAM MARSH RICE UNIVERSITY provides retirement savings benefits through WILLIAM MARSH RICE UNIVERSITY DEFINED CONTRIBUTION RETIREMENT PLAN. Understanding your employer’s contribution structure is essential — it directly affects how quickly your retirement nest egg grows. Below you will find the plan’s average account values and contribution patterns based on publicly filed data.

* Data are from public filings.

Are You Leaving Dollars on the Table?

If you are not contributing enough to capture the maximum employer match, you are literally turning down part of your compensation. For many plans, this can mean thousands of dollars per year in lost employer contributions — money that would compound over decades.

Use the policy details and calculator below to find out exactly how much you need to contribute to capture every dollar of employer matching.

WILLIAM MARSH RICE UNIVERSITY DEFINED CONTRIBUTION RETIREMENT PLAN Contribution & Match Policy

1. **Employee Contribution Rates:** Employee contributions are not permitted.

2. **Employer Match/Contribution Conditions:** The University contributes a fixed percentage of a participant’s considered compensation: 7% under age 50 and 10% for age 50 and over within the Social Security wage base; 12% under age 50 and 15% for age 50 and over above the Social Security wage base. The maximum compensation considered is limited to $305,000 per participant for 2022.

3. **Vesting Schedule/Eligibility:** Participants vest 100% upon completion of three years of service (prior to November 1, 2020, vesting was after one year). Eligible employees must be 21 years or older and in specific employment classifications, with a six-month service requirement to become participants.

4. **Roth 401(k) Contribution:** Not applicable.