Your 403(b) Contribution Guide

With contribution limits as high as $23,500 for 2007,
you can make greater progress with your 403(b)
retirement savings plan than ever before. How much
can you contribute under the new IRS limits?
This guide will show you.
You’ll learn about:
n The 403(b) savings opportunities for 2007
n Determining your 403(b) plan contribution limit
n Taking the steps that are right for you
Your 403(b) Contribution Guide
Plan to make the most
of your retirement
savings in 2007.
Higher 403(b) Contribution
Limits for 2007—and Beyond
Thanks to a new tax law passed in 2006, higher contribution limits and catch-up opportunities, which were
scheduled to expire in 2010, are now permanent.
Here’s how to put this opportunity to work for you.
Under the 403(b) plan contribution limits for
2007, you could save as much as $23,500 toward
retirement, on a pretax basis, this year alone. The
simple worksheets in this booklet will show you
how large a 403(b) plan contribution you
can make in 2007.
Year
2007
Basic Salary
deferral limit
$15,500
403(b) Lifetime
Catch-up
$3,000
• Do you expect to receive employer
contributions to your retirement plan?
• Do you make mandatory contributions or
expect to make after-tax contributions
to your 403(b) plan?
• Do you make salary deferral contributions
to another 403(b) plan, a 401(k) plan,
a SIMPLE plan, or a SEP plan?
• Do you have more than 50% control in a
business that contributes to a retirement
savings plan on your behalf?
STOP. You may be finished.
Age 50+
Catch-up
$5,000
Total potential
contribution*
$23,500
If you answered no to all the questions above,
you may put up to $15,500 of your pay into
your plan in 2007, subject to plan limits.
You don’t need to complete the worksheets
in this brochure. If you answered yes to any
of the questions, read on.
*Includes the basic deferral limit, the 403(b) Lifetime
Catch-up, and the Age 50+ Catch-up.
Do I need to complete the enclosed worksheets?
Answer the following questions to find out:
†
• Would you like to contribute more than the
basic annual salary deferral limit through
catch-up opportunities, if you qualify?
1
Does your employer require you to document
your 403(b) salary deferral limit? If so, simply
complete Boxes A and D on the summary
page of the worksheet (page 4), complete the
Signature Box, and submit it to your employer.
Be sure to make a copy of the Summary Page
for your records.
n Determine whether you need to
use the worksheets.
n Complete the worksheets that
apply to you.
n Plan to make the biggest contribution
for which you’re eligible.
Higher Contribution Limits
ACTION PLAN
HERE’S HELP
• To access our interactive online
calculator, visit www.fidelity.com/atwork,
select “Tools & Calculators” from the
homepage, then “Planning Calculators,”
and scroll down to select the 2007 403(b)
Contribution Limit Calculation Tool.
How your worksheet information will help
you plan. Once you complete the worksheets,
be sure to file them in an easy-to-find place.
You’ll use them:
• Early in the year, to estimate how much of
your pay you can put into your 403(b) plan
in 2007.
• Later in the year, as a checkpoint to make
sure you’re on target to maximize your
contributions, without exceeding the limit.
• In January 2008, to determine if you contributed
too much to your plan in 2007. If you find out you
did, you should contact your employer or Fidelity
by February 15, 2008, for more information.
Questions? Visit www.fidelity.com/atwork or call 1-800-343-0860.
• For help completing the worksheets,
call Fidelity at 1-800-343-0860 or
your plan’s toll-free number, weekdays,
except holidays, from 8:00 a.m. to
midnight ET. TTY service for the
hearing impaired can be accessed
at 1-800-259-9743, Monday through
Friday, from 8:00 A.M. to midnight ET.
KEEPING TRACK OF KEY IDEAS
An important note for church employees: If you participate
in a 403(b) church plan to which your employer contributes
on your behalf, your 2007 salary is $10,000 or less, and you
expect that the total contributions to your plan (including
employer contributions) will be greater than your salary,
you should not complete the worksheet. Instead, please
refer to IRS Publication 517, “Social Security and Other
Information for Members of the Clergy and Religious
Workers.” It is available on the IRS Web site at
http://www.irs.gov/pub/irs-pdf/p517.pdf.
†
There are a few phrases and terms in this
brochure that you may not be familiar with.
For your convenience, we have underlined
them at their first mention and have defined
them in the glossary on pages 11–14.
2
Completing the 403(b)
Lifetime Catch-up Worksheet
The worksheet to the right will help you determine if
you’re eligible for this savings opportunity—and, if you
are, to calculate the amount. You’ll need the following
information to get started.
First, total your previous years’ 403(b)
contributions. To determine the amount that
you contributed to your current 403(b) plan
for all years prior to 2007, refer to your 403(b)
account statements. Beginning in 1987, this
amount may have also appeared on your IRS
W-2 forms. If you’re an employee of a church,
you should consider your combined years of
service and plan contributions with all church
employers of the same denomination as
one employer.
Then, total your 403(b) Lifetime Catch-up
contributions. The lifetime limit for these extra
contributions is $15,000. To find out how close to
this limit you are: (1) subtract the amounts in the
table below from your total plan contributions
for each year you’ve been eligible for Lifetime
Catch-up contributions, and (2) total the results.
1987 through 1997
$ 9,500
1998 and 1999
$10,000
2000–2001
$10,500
2002
$11,000
2003
$12,000
2004
$13,000
2005
$14,000
2006
$15,000
The lifetime limit does not apply prior to 1987.
3
Determine your 403(b) plan contribution limit.
Summary Page
This worksheet is meant to help you determine the maximum elective salary deferral contribution
you may make to your 403(b) plan.1 Use this page to enter your results from Parts A, B, and C of
this worksheet. Round all figures to the nearest dollar.
Your
Calculations
Completing the Worksheet
To reach your retirement goals, it’s important to save all you can. Use this worksheet
to figure how much of your pretax earnings can go toward your retirement savings
plan in 2007.
Example
1. If any of the following statements apply to you, please complete the
Basic Salary Deferral Worksheet (Part A) on page 5.
I make mandatory contributions or after-tax contributions to my 403(b) plan.
I make salary deferral contributions to another 403(b) plan,
or to a 401(k) plan, a SIMPLE plan, or a SEP plan.
I have more than 50% control in a business that contributes to a workplace
savings plan on my behalf.
If none applies to you, enter the lesser of $15,500 or 100% of your
includible compensation in Box A. This is your 2007 basic salary
deferral limit for this plan.
Box A $
$13,500 2
2. Do you wish to make additional contributions beyond the basic salary deferral
limit in 2007?
3 Yes
Yes: Please proceed to Question 3.
No: STOP—enter the amount from Box A into Box D.
3. Do you have 15 or more years of service with your current employer,
and is it a qualified organization?
3 Yes
Yes: Please complete the 403(b) Lifetime Catch-up Worksheet (Part B).
No: Please enter 0 and proceed to Question 4.
Box B $
$3,000
4. Were you born before January 1, 1958?
3 Yes
Yes: Please complete the Age 50+ Catch-up Worksheet (Part C).
No: Please enter 0 and proceed to line 5.
5. Total the amounts in Boxes A, B, and C. This is your 2007 salary deferral
contribution limit as allowed by IRS rules. Note: Your employer may set
a lower limit on the amount you may contribute to your 403(b) plan.
Box C $
$2,500 3
Box D $
$19,000
Questions? Visit www.fidelity.com/atwork or call 1-800-343-0860.
I receive employer contributions to my 403(b) plan.
SIGNATURE BOX—Complete and return this page to your employer, if required.
Employer Name
Your Name
Date
SSN or Employee ID# (Optional)
2007 Includible Compensation $
Check one:
Estimated
Actual
Your Signature
Please note that this worksheet does not take the place of a Salary Reduction Agreement. To change your salary
reduction amount, please follow your plan’s normal procedure, or call Fidelity at 1-800-343-0860.
1If
you are a self-employed minister: For purposes of this worksheet, you should consider yourself an employee of a qualified organization.
Keep in mind that for self-employed ministers, a unique definition of includible compensation applies. See the definition on page 13.
2Based
on $2,000 salary deferral to another plan.
3Based
on $2,500 Age 50+ Catch-up to another plan.
4
Part A: Basic Salary Deferral Worksheet
This worksheet will help you determine your basic salary deferral limit, which, for 2007, is the lesser
of $15,500 or 100% of includible compensation, reduced by any of the factors indicated in Question 1
on the Summary Page. The IRS allows a total of $15,500 in basic salary deferral contributions across
all workplace savings plans in 2007, besides contributions to a 457 plan. Contributions to a 457 plan
are not counted toward the IRS contribution limit for your 403(b) plan.
Your
Calculations
A1. Enter the lesser of $45,000 or your includible compensation from the employer
who sponsors this 403(b) plan.
Example
$
$45,000
$
$6,000
A2. Enter the sum of the following factors below that apply to you in 2007:
• Employer contributions to all 403(b) plans sponsored by this employer*
• Mandatory contributions or after-tax contributions to this 403(b) plan
+
$
• If you have more than 50% control in a business: include all employer
contributions made on your behalf to all workplace savings plans of
such businesses†
+
$
Total =
$
$6,000
A3. Subtract the total in line A2 from line A1 (example: $45,000 – $6,000).
$
$39,000
A4. Enter the lesser of line A3 or $15,500.
$
$15,500
A5. Have you made or will you make 2007 salary deferral contributions to other
workplace savings plans, such as another 403(b) plan, or to a 401(k) plan,
a SIMPLE plan, or a SEP plan?
• If yes, please proceed to line A6.
Yes
• If no, enter the amount from line A4 (above) into Box A on the Summary Page.
Proceed to Question 2 on the Summary Page.
A6. Enter your total 2007 salary deferral contributions to your other plans described
in Question A5 above.
$
$2,000
A7. Subtract line A6 from line A4 (example: $15,500 – $2,000). If the amount is
0 or greater, enter this amount here and in Box A on the Summary Page.
If the amount is negative, enter the negative amount here, and enter 0 in
Box A on the Summary Page. Then proceed to Question 2 on the Summary Page.
$
$13,500
*This amount may change based on your salary deferral contributions.
†
5
Note: In some situations, employer contributions to this type of workplace savings plan may prevent you from contributing
to a 403(b) plan due to Internal Revenue Code Section 415 limits. Contact Fidelity or your tax advisor for additional details.
Fidelity Investments Tax-Exempt Services Company, a division of Fidelity Investments Institutional Services Company, Inc.
This worksheet will help qualified employees determine if they are eligible to use the 403(b) Lifetime
Catch-up in 2007. Please refer to the section “Completing the 403(b) Lifetime Catch-up Worksheet”
on page 3 for more information about the 403(b) Lifetime Catch-up.
Your
Calculations
Years
Months
Example
19 Years
6 Months
• If fewer than 15 years, STOP and enter 0 in Box B on the Summary Page.
You are not eligible for the 403(b) Lifetime Catch-up. Proceed to Question 4
on the Summary Page.
• If 15 or more years, proceed to line B2.
B2. Use the conversion table below to convert the number of months
from line B1 into a decimal value.* Enter the whole number of years,
plus the number of months in decimals. For example, 15 years and
five full months of service equals 15.42. This time frame, with months
converted to a decimal value, is used to calculate your average
annual contributions.
Service Period
(months in decimals)
19.50
Number
of months
Decimal
value
Number
of months
Decimal
value
1
0.08
7
0.58
2
0.17
8
0.67
3
0.25
9
0.75
4
0.33
10
0.83
5
0.42
11
0.92
6
0.50
B3. Multiply line B2 by $5,000 (example: 19.50 x $5,000).
B4. Enter the total amount of your 403(b) salary deferral contributions to this
employer’s 403(b) plan for all years prior to 2007, including any 403(b)
Lifetime Catch-up and Age 50+ Catch-up amounts.
(See page 3 for more information.)
$97,500
$
$61,500
$
$36,000
$15,000
$15,000
Questions? Visit www.fidelity.com/atwork or call 1-800-343-0860.
B1. Years of service: How long will you have worked for your current employer
as of December 31, 2007? Include fractional years and adjust for any breaks
in service or part-time work.
Completing the Worksheet
Part B: 403(b) Lifetime Catch-up Worksheet
B5. If line B4 is:
• Greater than or equal to the amount in line B3, you are not eligible for the
403(b) Lifetime Catch-up in 2007. STOP and enter 0 in Box B of the
Summary Page, then proceed to Question 4 on the Summary Page.
• Less than the amount in line B3, subtract line B4 from line B3
(example: $97,500 – $61,500), then continue to line B7 on page 7.
B6. Maximum 403(b) Lifetime Catch-up
*If your standard year of service is not 12 months during the calendar year, please refer to IRS Publication 571 (Chapter 3)
for assistance in determining your fractional years of service.
6
Part B: 403(b) Lifetime Catch-up Worksheet (continued)
Your
Calculations
B7. If you used the 403(b) Lifetime Catch-up prior to 2007, enter the total amount
previously used. (See the chart on page 3 for more information.)
Example
$
$10,000
$
$3,000
B9. Enter the amount from Box A on the Summary Page.
$
$13,000
B10. Add line B8 and line B9 (example: $3,000 + $13,000).
$
$16,000
B11. Enter the lesser of $45,000 or your includible compensation from the employer
who sponsors this plan.
$
$45,000
B12. Enter the Total from Line A2, Part A, Basic Salary Deferral Worksheet.
If not applicable, enter 0.
$
$6,000
B13. Subtract line B12 from line B11 (example: $45,000 – $6,000).
$
$39,000
B15. Subtract line B13 from line B10.
$
N/A
B16. Subtract line B15 from line B8.
If the amount is 0 or greater, enter this amount here and in Box B on the
Summary Page. If the amount is negative,* enter the negative amount here,
and enter 0 in Box B on the Summary Page. Then proceed to Question 4
on the Summary Page.
$
N/A
B8. Enter the LEAST of:
• Line B6 minus line B7 (example: $15,000 – $10,000)
• Line B5 (example: $36,000)
• $3,000
B14. If line B13 is:
• Greater than or equal to line B10, you are entitled to use the amount found
in line B8 (above) toward the 403(b) Lifetime Catch-up. Enter the amount from line
B8 into Box B on the Summary Page and proceed to Question 4
on the Summary Page.
• Less than line B10, proceed to line B15 to determine the reduced amount
of 403(b) Lifetime Catch-up available to you, if any.
*You should contact your employer or tax advisor.
7
Fidelity Investments Tax-Exempt Services Company, a division of Fidelity Investments Institutional Services Company, Inc.
This worksheet will help you determine if you are eligible to contribute up to an additional $5,000
to your 403(b) plan in 2007.
Your
Calculations
Completing the Worksheet
Part C: Age 50+ Catch-up Worksheet
Example
C1. Check the following statements that apply to you:
I was born before January 1, 1958, or I will be age 50 by the end of my taxable year.
I have contributed or plan to contribute the maximum basic deferral limit and,
if applicable, my 403(b) Lifetime Catch-up in 2007.
If all three statements above are checked, then you are eligible for the Age 50+
Catch-up and may contribute up to an additional $5,000 this year. Enter $5,000 here.
$5,000
$
If all three statements above are not checked, enter 0 here and in Box C on the
Summary Page, and proceed to line 5 on the Summary Page.
C2. If you have made or will be making Age 50+ Catch-up contributions this year
to another 403(b) plan, a 401(k) plan, a SEP plan, or a SIMPLE plan, please enter
the amount here. Disregard any Age 50+ Catch-up contributions that you make
to a 457 plan.
$
$2,500
C3. Subtract line C2 from line C1 (example: $5,000 – $2,500). If the amount is
0 or greater, enter this amount here and in Box C on the Summary Page.
If the amount is negative,† enter the negative amount here, and enter 0 in
Box C on the Summary Page. Proceed to line 5 on the Summary Page.
$
$2,500
*If you are not sure whether your 403(b) plan offers the Age 50+ Catch-up,
call Fidelity at 1-800-343-0860.
You should contact your employer or tax advisor.
†
Questions? Visit www.fidelity.com/atwork or call 1-800-343-0860.
My 403(b) plan allows Age 50+ Catch-up contributions.*
Catch up and leap forward (a hypothetical example)
Can Age 50+ Catch-up Contributions really make a difference in reaching
your retirement goals? It sure can. If you’re age 50 this year, make an additional
$5,000 catch-up contribution each year until age 65, and average a 7% annual
return on your account, you could have an extra $132,838 for retirement.
Additional retirement savings
after 15 years of Age 50+
Catch-up Contributions:
$132,838
Results are based on hypothetical tax-deferred monthly investments, with contributions made at the end of the month. Returns
are compounded monthly at an annualized rate of return of 7% over the time period indicated. Your own results may differ.
Tax-deferred contributions and earnings are taxed at the time of withdrawal at the income tax rate in effect at that time.
Investing in this manner does not ensure a profit or guarantee against loss in declining markets.
The hypothetical example above assumes for all years a $5,000 catch-up contribution. It does not take into account the
availability of any 403(b) Lifetime Catch-up, and assumes that the participant has reached the basic salary deferral limit
and other plan limits.
8
Taking the Steps
That Are Right for You
Now that you have your worksheet results, you’re ready
to take the next important steps with your retirement
savings plan:
1
Make sure you contribute the maximum you’re allowed.*
Use the worksheets in this booklet—or if it applies to you,
the basic $15,500 limit (see page 1)—to make sure you’re
taking full advantage of your plan.
2
Increase your contribution. Just follow your plan’s normal
service procedure to change your amount. Or call Fidelity at
1-800-343-0860, or your plan’s toll-free number, weekdays
from 8:00 A.M. to midnight ET.
3
Hold on to your Summary Page and other completed
worksheets. They’ll help keep you on track through 2007,
give you a jumpstart on your 2008 planning, and provide
the backup you need for your income tax files.
9
*If your results show that you’ll exceed your 2007 contribution limit, contact your employer or Fidelity immediately, but no later than
February 15, 2008. You may also want to read IRS Publication 571, which we’ve referenced in the Information and Resources section.
Taking the Next Steps
Questions? Visit www.fidelity.com/atwork or call 1-800-343-0860.
10
Information, Resources,
and Glossary
Here are some places you can go for answers about your
403(b) plan, your contribution decision, and retirement
planning. We’ve also included brief definitions of the
terms, concepts, and rules discussed in this booklet.
Information and Resources
For detailed information about 403(b) plans,
refer to IRS Publication 571, Tax-Sheltered
Annuity Plans [403(b) Plans] for Employees
of Public Schools and Certain Tax-Exempt
Organizations, available on the IRS Web site,
www.irs.gov, or by calling the IRS at
1-800-829-3676.
Tax information. In general, contributions to
your 403(b) plan will reduce your federal and
state income tax, if any. You may wish to discuss
your particular situation with your tax advisor,
especially if you are a New Jersey or Pennsylvania
resident. The information provided by Fidelity
in the guide and worksheet is general in nature
and should not be considered legal or tax advice.
Consult an attorney or tax professional regarding
your specific legal or tax situation. Also, please
note that Fidelity’s interpretation of the 403(b)
contribution rules is subject to change, pending
release of statutory, regulatory, or other guidance.
11
For planning tools, calculators, articles,
and to access or make changes to your account
through NetBenefits,SM visit our Web site at
www.fidelity.com/atwork. You may also access
our online 2007 403(b) Contribution Limit
Calculation Tool in the Tools & Calculators
area of the site.
Info, Resources, and Glossary
Age 50+ Catch-up
50% control in a business
The additional pretax and/or Roth 403(b) or Roth
401(k) amount that employees who will be age 50
by the end of the taxable year may contribute,
unless the catch-up is not offered by their plan.
In 2007, the maximum amount is an extra $5,000
across all qualified, 403(b), SEP, and SIMPLE plans.
Participants may be eligible to make catch-up
contributions if they have deferred the maximum
amount allowed under their plan(s) according to IRS
and plan limits and/or restrictions. The Age 50+
Catch-up is called “Catch-up contributions” in
IRS Publication 571.
If you have more than 50% control in a proprietorship, partnership, limited liability company,
or corporation, the IRS requires that any employer
contributions on your behalf to a workplace
savings plan of such business be included in
determining your 403(b) contribution limit.
This requirement is reflected in Part A of the
worksheet. Note: In some situations, employer
contributions to all workplace savings plans of such
businesses may prevent you from contributing
to a 403(b) plan due to Internal Revenue Code
Section 415 Annual Addition limits. Contact
Fidelity or your tax advisor for more information.
403(b) Lifetime Catch-up
Available only to employees with 15 or more
years of service with a qualified organization,
this provision may allow you to increase your
salary deferral contributions above your basic
salary deferral limit by up to $3,000 per year,
up to a lifetime catch-up limit of $15,000.
To qualify, you must be a long-term employee
who has contributed on average less than $5,000
a year to your 403(b) plan. The 403(b) Lifetime
Catch-up is called the “15-year rule” in IRS
Publication 571.
After-tax contributions
Contributions that are taxed before being
applied to your workplace savings plan. After-tax
contributions do not include Roth 403(b) or Roth
401(k) contributions.
Basic salary deferral limit
The basic amount you may contribute through
elective salary deferrals and Roth 401(k) or Roth
403(b) contributions to your workplace savings
accounts. For 2007, the limit is $15,500. Not included
in this limit are any Age 50+ Catch-up contributions
or 403(b) Lifetime Catch-up contributions. In addition,
457 plan contributions are not included in this
limit. For purposes of this worksheet, your basic
salary deferral limit may be lower if any of the
following factors apply:
Questions? Visit www.fidelity.com/atwork or call 1-800-343-0860.
Glossary
• You receive employer contributions to your plan.
• You make mandatory contributions or after-tax
contributions to your plan.
• You make salary deferral contributions to another
traditional or Roth 403(b) plan, or to a traditional
or Roth 401(k) plan, SIMPLE plan, or SEP plan.
• You have more than 50% control in a business
that contributes to a workplace savings plan
on your behalf.
Keep in mind that you cannot defer an amount
greater than your available pay.
12
Church plan
Generally defined as a plan established or
maintained for its employees (or their beneficiaries)
by a church or by a convention or association of
churches that is exempt from tax under Internal
Revenue Code (IRC) Section 501. In a church
plan, the church may allow an employee whose
includible compensation is less than $10,000
to be credited with a combined employee and
employer contribution of up to $10,000. The
combined contribution is the total of all employee
contributions and all employer contributions
made to the plan. There is a $40,000 lifetime
maximum for this benefit.
Mandatory contributions
Any amount that you are required to contribute
to your 403(b) plan as a condition of employment.
Contributions are also considered mandatory if
you make an irrevocable, one-time election to
participate. Mandatory contributions are treated
differently from salary deferral contributions for
purposes of contribution limits.
An amount your employer contributes to
a workplace savings plan on your behalf.
Some employers match a percentage of your
contribution (generally called “matching
contributions”); others allocate a dollar amount
to your account based on a specific formula
(sometimes called “nonelective contributions”).
If you are a government employee, the
amount your employer requires you to contribute
pretax to a workplace savings plan may be
called “picked-up contributions.” These are
considered mandatory contributions. Contributions
that you elect to make in order to receive
matching contributions are not considered
mandatory contributions.
Includible compensation
Qualified organization
Employer contributions
Generally, includes wages on your IRS W-2
Form, plus:
• Elective salary deferral contributions for
any workplace savings plan offered by
this employer
• Pretax contributions to a flexible benefits
or cafeteria plan offered by this employer
• Income excluded under the foreign-earned
income exclusion
• The value of any qualified transportation
fringe benefits
13
For self-employed ministers, includible
compensation is your net earnings from your
ministry, reduced by contributions to workplace
savings plans in 2007 and one-half of your
self-employment tax.
An educational organization, hospital, home
health service agency, health and welfare service
agency, church, or convention or association of
churches (or associated organization).
Info, Resources, and Glossary
Years of service
Your total contributions to your 403(b) plan
through payroll deduction, including your
basic salary deferral, and any 403(b) Lifetime
Catch-up contributions and/or Age 50+
Catch-up contributions.
For purposes of the 403(b) Lifetime Catch-up,
years of service refers to your period of employment with the employer sponsoring your current
403(b) plan, based on your employer’s annual work
period. (Teaching a full school year, for example,
would be considered a full year of employment.)
If you are an employee of a church, you should
consider your combined years of service and plan
contributions with all church employers of the same
denomination as one employer for the purpose
of this calculation.
SEP
A SEP plan, or Simplified Employee Pension plan,
is an IRA to which the IRA holder’s employer may
contribute. A Salary Reduction SEP, or SARSEP,
is a type of SEP plan.
SIMPLE
Savings Incentive Match Plans for Employees,
SIMPLE plans, may be structured as an IRA or as
a 401(k) qualified cash or deferred arrangement.
If you are or have been a part-time employee,
your years of service are the total of all fractional
years of service. When determining this number,
you must adjust for service breaks and part-time
employment as follows:
Breaks in service. For purposes of the 403(b)
Lifetime Catch-up calculation, add all full and
fractional years you have worked for your employer.
For example, if you worked six months last year,
stopped for three months, and will work a full
year this year, your years of service equal 1.5 years.
Questions? Visit www.fidelity.com/atwork or call 1-800-343-0860.
Salary deferral contributions
Part-time work. Convert part-time years to the
equivalent full-time period for purposes of the
403(b) Lifetime Catch-up. For example, if a regular
work schedule for your position is 40 hours per
week, and you have worked 20 hours per week
for 10 years, your years of service equal five years.
14
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to help you succeed through every stage of your financial life.
Keep in mind that investing involves risk. The value of your investment will fluctuate over time and
you may gain or lose money.
Fidelity Investments Institutional Services Company, Inc.
82 Devonshire Street, Boston, MA 02109
448075
1.839681.100