Optional Retirement Savings Plan 401(a) for Hourly Employees

University of Maine System offers this plan as part of workplace benefits. Now is a great time to understand what is offered - think about taking advantage of any opportunities to save and invest for the future. 
Learn what plans allow eligible employees to do.
The contributions are based on a percentage of your compensation. Compensation represents base earnings excluding overtime pay, bonuses and any other forms of supplemental remuneration. Plan contributions by you are voluntary and are made either on a before- or after-tax basis. University Plan contributions will be made only if you have made your required contribution. The University will contribute 1% for every 1% of your pay you contribute, up to 4%.
All full-time-regular or benefits-regular employees who participate in the defined benefit (DB) University of Maine System Retirement Plan for Classified Staff (formerly the Non-Contributory Retirement Plan (NCRP)) are eligible for this plan. Hourly employees hired on or after July 1, 1998 are not eligible for this plan.

Learn which mutual funds and other investments are available

You can enroll now

Enroll or make changes in your plan(s) today