UIS was instrumental in the design and implementation of the remittance aspect of the Plan. UIS worked directly with Fleet Bank, American Express, and Fidelity Investments to set up transmission procedures. Data transfer from the University to the vendors will be handled differently for each company. American Express data transfer will be handled using electronic transfer. An employee can opt to invest in one or both plans.
Employees can contact the company and set up an account.
After an account has been established, the employee must fill out a payroll deduction form from their HR office. The form will then be forwarded to the Treasurer's Office for verification of account information. In the online system minimum amounts are edited and appropriate messages are issued when minimum deductions are not entered.