We’re here to help! Enrolling in the plan is simple, but investing for your life goals requires you to be informed. To help guide you through the enrollment process, please contact a representative.

Before Enrolling in the plan, you should:

  • Understand the plan features
  • Review the Investment Options offered
  • Understand the Investment Option Performance


Who is eligible to make elective contributions to the Plan? 
All active employees, except for student employees, have the option of making elective pre-tax savings contributions and/or after-tax Roth contributions to the Plan through payroll deduction. 

How do I know if I should make elective contributions to the Plan? 
The Plan is not an ordinary savings account that allows withdrawals at any time.
Therefore, before deciding whether to make elective contributions to the Plan, you should consider the following:

  • Do I have adequate savings for emergencies?
  • Do I have adequate savings for other financial objectives (e.g. buying a home, children’s college expenses)?
  • Am I current with my bills and credit cards?
  • Can I afford to reduce my take home pay?
  • Would I like to pay less current income tax?
  • Do I want to contribute to this Plan as a way to work toward my retirement goals?

If you can answer yes to all of these questions, think about making elective contributions to the Plan. But if your financial situation is such that you should not begin making elective contributions at this time, you may do so in the future when your financial situation improves. 

When am I required to begin contributing to the Plan? 
Eligible employees* are required, as a condition of employment, to begin making mandatory contributions to the Plan no later than the first day of the month following the later of age 21 and 1 Year of Service**. The mandatory employee contribution is equal to 5% of annual compensation that exceeds $40,000. 

Additionally, the College will make employer contributions on behalf of eligible members of the Plan equal to 5% of compensation. An eligible member of the Plan whose annualized compensation is below or is expected to be below $40,000 is not required to contribute in order to receive the College’s contributions. 

* Eligible employee means all employees other than:

  • Student employees;
  • Adjunct faculty members who are hired by the College to teach two or fewer classes during a school year;
  • Employees who normally work less than 20 hours per week during the academic year and for the balance of each calendar year; or
  • Employees covered by a collective bargaining agreement with the College, except for (a) employees covered by the collective bargaining agreement with the New England Coalition for Public Safety, or (b) any employee who was a member of the United Automobile, Aeronautical and Agricultural Implement Workers (UAW) AFL-CIO, Local 2322 who was a participant in the Plan on June 14, 2001.

** A Year of Service means a 12-month period established by the College during which the eligible employee completes 756 or more hours of service. Year(s) of Service performed by the eligible employee with another higher educational institution immediately prior to his or her date of hire with Mount Holyoke College will be counted for meeting the eligibility requirements, provided that the employee was eligible to participate in that employer’s retirement plan.

*Investment adviser representative and registered representative of, and securities and advisory services offered through, Voya Financial Advisors, Inc. (member SIPC).

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Insurance products, annuities and retirement plan funding issued by (third party administrative services may also be provided by) Voya Retirement Insurance and Annuity Company, One Orange Way, Windsor, CT 06095-4774. Securities are distributed by Voya Financial Partners LLC (member SIPC). Custodial account agreements or trust agreements are provided by Voya Institutional Trust Company. All companies are members of the Voya® family of companies. Securities may also be distributed through other broker-dealers with which Voya has selling agreements. Insurance obligations are the responsibility of each individual company. Products and services may not be available in all states.