HR Update

Roth In-Plan Conversions Available

As part of the University of Minnesota’s commitment to help you meet your retirement savings goals, Fidelity has added a Roth In-Plan Conversion feature to the University of Minnesota 457 Deferred Compensation Plan, a 457(b) plan. This is effective April 9, 2024. 

What Is a Roth In-Plan Conversion? 

An opportunity to convert non-Roth assets such as those currently in your plan or rolled over from a former employer's plan into a designated Roth portion of the 457 Plan, which allows you to withdraw tax-free dollars from your account when you are eligible.

How Do I Use an In-Plan Conversion?

Call Fidelity directly at 800-343-0860. Fidelity associates are available Monday through Friday between 7:00 a.m. and 11:00 p.m. CT. 

Learn More

To learn more about Roth contributions and how a Roth In-Plan Conversion may affect your savings, you can sign up for a free consultation with a Fidelity consultant.   

The decision to add Roth within your plan depends on several factors that you should weigh carefully. We encourage you to consult your tax advisor before making a decision if this is right for you. 

All HR Updates
Shift/Click to select multiple categories
Employee Threat Assessment Team (ETAT) Change

Change in Employee Threat Assessment Team (ETAT) Leadership

Reminder to Request Motor Vehicle Records (MVR) Checks

Any position requiring a valid driver's license must have a motor vehicle records check.

Meet Mike Henson

Meet the College of Veterinary Medicine's Dr. Mike Henson!

Meet Susan Arnold

Meet the College of Veterinary Medicine's Dr. Susan Arnold!

Memorandum of Understanding (MOU) and Grievance Settlement Process

New process for HR Leads to request a MOU or grievance settlements about applicable union/collective bargaining agreements