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 participate in the Plan? 

All active employees, except students working during the academic year, are eligible for Plan membership for the purposes of making pre-tax savings and/or Roth contributions through payroll deduction upon their date of hire. 

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 contribute to it, 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?

When do I become eligible to receive employer contributions?

Employees will become eligible for Plan membership for purposes of receiving employer contributions as of the first day of the pay period following the date they meet the following requirements:

• Minimum service—1 year of eligibility service*
• Minimum age—26 years

Under the Plan, the following employees are excluded from receiving employer contributions:

• Employees who are regularly scheduled to work less than 5 months in a calendar year or fewer than 17.5 hours per week, provided the employee has not completed 1 year of eligibility service;
• Employees who are regularly employed on less than a half-time basis (fewer than 910 hours per year), provided the employee has not completed 1 year of eligibility service; and
• Student employees

*A year of eligibility service is a 12-month period measured from your date of hire during which you are credited with at least 910 hours of service. If you were paid for fewer than 910 hours in that period, you will be credited with a year of eligibility service whenever you complete at least 910 hours in any Plan year following your date of hire. You will receive credit for years of eligibility service with another college or university if your employment with the other institution ended within 90 days prior to hire by Smith College.

If you would like to make your own contributions to the Plan and are not yet eligible for employer contributions, you should consider enrolling in the plan. There are two steps to complete:

STEP 1
Visit the Make an Appointment page of this website to schedule time with Mary Ellen Gordon*, your local Voya Financial® representative. Mary Ellen will provide you with the information you need to enroll in the plan.  

STEP 2
Enroll in the plan. You can do so in one of two ways:

1. Meet with your Voya® local representative.
   Work direct with Mary Ellen to complete the enrollment process. Mary Ellen will discuss your investment and retirement objectives, help you decide how much to contribute to the plan, select investment options, and designate a beneficiary for your plan benefits. She can also help you set up voluntary retirement contributions from your paycheck.

2. Online enrollment.
   Online enrollment can be completed on the Smith College portal.

• Login to the portal
• Choose the Benefits application
• Within the Change box, click on Benefits
• Under Benefit Event Type, select Change Retirement Savings - Pre-tax or Roth (voluntary change)
• For the Benefits Event Date, type in today’s date
• Scroll to the bottom, and click Submit
• Click on the Open button
• Enter your elections, and click on Continue
• Review your elections, scroll down beneath Electronic Signature, and click the I Agree box
• Click Submit
• Click on the pay date you wish to view
• To view, print or save a PDF version of this pay event, select the Printer Friendly button at the bottom

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

Not FDIC/NCUA/NCUSIF Insured I Not a Deposit of a Bank/Credit Union I May Lose Value I Not Bank/Credit Union Guaranteed I Not Insured by Any Federal Government Agency