The Benefits Office will sponsor an MIT Retirement Fair on Thursday, April 29 from 9am-5pm at the Stratton Student Center's Mezzanine Lounge. The fair will also be held at Lincoln Laboratory on May 20, 1999. There will be hourly workshops on the Supplemental 401(k) Plan's new investment options and on general investment topics.
Representatives from Fidelity Investments will also answer questions and demonstrate new online and telephone services that will allow greater access to 401(k) Plan information. Refreshments will be served.
Supplemental 401(k)
By the end of April, information about the MIT Supplemental 401(k) Plan's new investment options and services will be mailed to employees' homes. The 401(k) Plan's new investment options and services become available on May 3. This mailing will include:
- A schedule (reprinted below) of informational sessions to be sponsored by the Benefits Office from April 29 through May. Topics covered will range from "Investment Basics" designed for the new investor, to "Beyond Asset Allocation: Monitoring Risk and Performance" for experienced investors. For all investors, there will be sessions on new 401(k) Plan investment options.
- An Investment Options brochure that provides a summary description of the Fixed and Variable Funds and the eight new "Asset Class" funds. Instructions for obtaining detailed information from the Benefits Office web site and from telephone service representatives at Fidelity Investments will be included.
- A Features and Services brochure that will describe the new services provided by Fidelity Investments. Instructions for using these services -- which include access to 401(k) Plan accounts via telephone and the web -- will be included.
Information for terminated and retired employees who have not yet elected to commence benefit payments will be mailed during the second week of May.
Investment Basics -- Learn about different types of investments and their risks and rewards. Learn how this concepts apply to your MIT 401(k) options. Designed for the novice investor.
Campus Location: April 29 -- 9am, Student Center 3rd floor; April 29 -- 1pm, Student Center 3rd floor; May 4 -- 9am, Student Center Twenty Chimneys
Beyond the Basics -- A review of the basic types of investments and a discussion of investment styles, including active and passive management; value, growth and blended management styles. Risks and returns of different investments, and how to relate them to your MIT 401(k). Designed for those with a basic understanding of investment concepts
Campus Location: April 29 -- 9am, Student Center 3rd floor; April 29 -- 1pm, Student Center 3rd floor; May 4 -- 10am, Student Center Twenty Chimneys; May 5 -- 11am, Student Center Mezzanine Lounge
Choosing Your MIT Investment Mix -- How to choose your investment mix and review how your MIT Supplemental 401(k) Plan investment options fit into this mix. Designed for those with little investment selection experience.
Campus Location: April 29 -- 11am, Student Center 3rd floor; April 29 -- 3pm, Student Center 3rd floor; May 4 -- 11am, Student Center Twenty Chimneys; May 5 -- noon, Student Center Mezzanine Lounge
Beyond Asset Allocation: Monitoring Risk and Performance -- After reviewing the basic concepts of asset allocation and sub-asset classes, we will discuss methods of measuring and monitoring risk and investment performance. We will review how to apply this information to your MIT 401(k) options. Designed those with an understanding of investments and asset allocation.
Campus Location: April 29 -- noon, Student Center 3rd floor; April 29 -- 4pm, Student Center 3rd floor; May 4 -- noon, Student Center Twenty Chimneys; May 5 -- 1pm, Student Center Mezzanine Lounge
Your MIT Investment Options -- An overview of the MIT 401(k) investment options including the MIT Fixed and Variable Funds and the eight new Fidelity Asset Class Options.
Campus Location: April 29 -- 9am, Student Center 3rd floor; April 29 -- 10am, Student Center 3rd floor; April 29 -- 11am, Student Center 3rd floor; April 29 -- noon, Student Center 3rd floor; May 3 -- 11am, Student Center Mezzanine Lounge (to be followed by a Q&A session); May 5 -- 2pm, Student Center Mezzanine Lounge; May 10 -- 11am, Student Center Mezzanine Lounge (to be followed by a Q&A session)
A version of this article appeared in the April 28, 1999 issue of MIT Tech Talk (Volume 43, Number 28).
