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
GLU-UE Bargaining Updates and Reminders (11.10.23)

Answers to two common GA Offer Letter Questions and an update on bargaining.

Research Animal Resources (RAR) Open Positions

Choose the job you'd like to apply for! 

Reporting Tools and New Employee Orientation Meetings

There is a new report that campuses, colleges, and units can pull to view new hires.

National Retirement Security Month resources

October is National Retirement Security Month! University vendor Fidelity is here to help you secure your finances. 

Wellbeing Program: Did you know?

A note for supervisors