Fidelity participant fees in the Universities of Wisconsin 403(b) Supplemental Retirement Program (SRP) have been reduced effective July 1, 2024.
Using benchmarking information, the UW 403(b) SRP successfully negotiated a reduction in Fidelity’s recordkeeping fees by $4.00 annually per tier. The change will be reflected on September 30, 2024, statements.
Both TIAA and Fidelity have guaranteed their fees through December 31, 2026. The new Fidelity fees are detailed below.
| Account Balance (as of the last day of the previous quarter) |
Quarterly | Annual |
| < $5,000 | $1.00 | $4.00 |
| $5,000 to $50,000 | $6.00 | $24.00 |
| $50,000.01 to $100,000 | $13.50 | $54.00 |
| $100,000.01 to $200,000 | $23.50 | $94.00 |
| >$200,000 | $36.00 | $144.00 |
How to Change your Contribution Amount
Follow the instructions on the View and Update Benefit Savings tip sheet to adjust your contributions. Remember to monitor your contributions on your earnings statements.
Not Contributing to the UW 403(b) SRP yet?
Get started today! You can make either pre-tax or Roth (after-tax) contributions or a combination of both. Go to the UW 403(b) SRP web page to find out how to enroll. Watch the on-demand webinar SRP: Investing in Your Financial Future: Intro to the 403(b) Program to learn more about the program.
Source: Universities of Wisconsin Office of Trust Funds