Your retirement account is managed by Fidelity Investments. USC matches 100% of your before-tax or Roth contributions up to a maximum of 3% of your eligible compensation following the end of each calendar year, if you are employed on the last day of that year. Vesting is immediate; the university's matching contributions vest on a sliding scale, with full vesting at five or more years of service in which you complete 1000 hours or more in each plan year. Your contributions begin with the pay period following enrollment.
Participant Fee Disclosure Notice
The Participant Fee Disclosure Notice, required by the Department of Labor, was developed to help ensure that participants (and also employees who are not participating or not yet eligible to participate) receive sufficient information regarding their plan and the investment options available to them.
USC has directed Fidelity Investments, one of the vendors available under the USC Retirement Savings Program, to collect this data from all of the vendors and present their information in a combined notice. This publication contains information that can help you make informed decisions about any account you may have in the retirement plan and includes:
- Fees and expenses related to plan accounts
- Participant rights under the plan
- Rules related to providing investment direction
- Details about the plan's investment options, including investment-related fees and restrictions
For most participants, this notice will be provided annually. The most recent disclosures:
If you have any questions regarding this notice, please contact the USC Retirement Administration Office at email@example.com.