We've developed a tool to help you easily calculate and model your retirement contributions to help you save as much as possible while taking advantage of MITRE's generous matching.
MITRE’s Total Rewards and Wellbeing suite, including the Retirement Program, offers meaningful choice, providing you and your family with competitive, innovative and equitable compensation, benefits and wellness programs designed to meet the needs of MITRE’s multi-generational and diverse team.
The MITRE Retirement program provides multiple ways to save, so figuring out how you'd like to contribute is just as important as determining how much you'd like to contribute. Use the Contribution Maximizer Tool to decide:
When determining how much to contribute, it’s important to account for MITRE’s matching contributions to ensure you maximize your retirement savings. Your contributions are organized into three levels; the first level holds your basic required contributions (A1), and the next two levels hold your additional voluntary contributions (A2 and A4). MITRE will match a portion of your contributions on Levels 1 and 2 if applicable eligibility requirements are met.
| Your Contributions | MITRE's Contributions* | |||
|---|---|---|---|---|
| Level 3 (voluntary unmatched) | A4 | None | ||
| Level 2 (voluntary matched) | A2 | A3 | ||
| Level 1 (required) | A1 | B1 |
* Contributions begin after 12 months of credited service.
Select MAX ALL to make voluntary unmatched contributions to take advantage of IRS limits.
Select MAX MATCH to make additional voluntary contributions and earn all of MITRE’s matching contributions.
Start with your required contributions to earn MITRE’s base matching contribution.
Your Level 2 and 3 contributions (A2 and A4) have the added flexibility of allowing pretax and Roth contributions. After understanding how much to contribute, you'll need to determine whether you want to make your A2 and/or A4 contributions on a pretax or Roth basis (or a mix of both).
The Roth option is another way to contribute. The difference? You pay taxes on contributions now, then withdraw your contributions and any qualified earnings tax-free* in retirement.
You might be interested in the Roth option if you're early in your career and retirement is a long way off, or if you aren't eligible for a Roth IRA due to your income level. In these cases, the Roth option could be a way to help you generate tax-free money to draw from in retirement.
You can also choose a mix of both pretax and Roth contributions. Having both options gives you more ways to save for retirement, with the potential for significant tax advantages.
You can save for retirement through traditional pretax contributions, meaning you pay federal taxes on contributions and earnings when you withdraw your funds in retirement.
* A distribution from a Roth 403(b) is tax free and penalty free, provided the five-year aging requirement has been satisfied and one of the following conditions is met: age 59½, disability, or death.
Let's get started by reviewing your contribution options.
You must contribute:
| Other details about A1 contributions: | |
|---|---|
| Type | Pretax contributions only |
| Plan | Contributions go into the 403(b) plan |
| Eligibility | Available if you're a regular full‐time or regular part‐time employee |
| Timing | Available immediately upon hire, with the option to opt-out in the first 60 days. Mandatory after 5 years of service. |
When you make A1 contributions, MITRE will make basic matching contributions as follows:
| Other details about B1 contributions: | |
|---|---|
| Type | Pretax contributions only |
| Plan | Contributions go into the 401(a) plan |
| Eligibility | Available if you're a regular full‐time or regular part‐time employee with A1 contributions |
| Timing | Begins after 12 months of credited service — you must enroll within 60 days of your hire date to receive it |
| Other details about A1 contributions: | Other details about B1 contributions: | |
|---|---|---|
| Pretax contributions only | Type | Pretax contributions only |
| Contributions go into the 403(b) plan | Plan | Contributions go into the 401(a) plan |
| Available if you're a regular full‐time or regular part‐time employee | Eligibility | Available if you're a regular full‐time or regular part‐time employee with A1 contributions |
| Available immediately upon hire, with the option to opt-out in the first 60 days. Mandatory after 5 years of service. | Timing | Begins after 12 months of credited service — you must enroll within 60 days of your hire date to receive it |
If you defer your A1 contributions upon hire, you won't be able to participate in Level 1 or Level 2 (your A1 and A2 and MITRE's corresponding B1 and A3 contributions) for five years. On your fifth year of credited service, you will be automatically enrolled in A1 and B1 as a condition of employment.
* Social Security's Old-Age, Survivors, and Disability Insurance (OASDI) program limits the amount of earnings subject to taxation for a given year. The base adjusts each calendar year. For more information, visit ssa.gov.
Make additional voluntary contributions and earn more MITRE matching contributions. You can contribute:
| Other details about A2 contributions: | |
|---|---|
| Type | Pretax and/or Roth contributions |
| Plan | Contributions go into the 403(b) plan |
| Eligibility | Available if you're a regular full‐time or regular part‐time employee |
| Timing | Available immediately upon hire, with the option to opt-out in the first 60 days |
When you make A2 contributions, you'll get MITRE's A3 matching contribution as follows:
| Other details about A3 contributions: | |
|---|---|
| Type | Pretax contributions only |
| Plan | Contributions go into the 403(b) plan |
| Eligibility | Available if you're a regular full‐time or regular part‐time employee with Level 1 and 2 contributions (A1 and A2) |
| Timing | Begins after 12 months of credited service |
| Other details about A2 contributions: | Other details about A3 contributions: | |
|---|---|---|
| Pretax and/or Roth contributions | Type | Pretax contributions only |
| Contributions go into the 403(b) plan | Plan | Contributions go into the 403(b) plan |
| Available if you're a regular full‐time or regular part‐time employee | Eligibility | Available if you're a regular full‐time or regular part‐time employee with Level 1 and 2 contributions (A1 and A2) |
| Available immediately upon hire, with the option to opt-out in the first 60 days | Timing | Begins after 12 months of credited service |
If you defer your A1 contributions upon hire, you won't be able to participate in Level 1 or Level 2 (your A1 and A2 and MITRE's corresponding B1 and A3 contributions) for five years. On your fifth year of credited service, you will be automatically enrolled in A1 and B1 as a condition of employment.
Contributions from you can be made up to the annual IRS limit ($23,500 in 2025, or $31,000 if you are age 50 or older, or $34,750 if you turn 60 – 63 in 2025).
* Social Security's Old-Age, Survivors, and Disability Insurance (OASDI) program limits the amount of earnings subject to taxation for a given year. The base adjusts each calendar year. For more information, visit ssa.gov.
Make even more voluntary contributions to take advantage of the IRS limits. You can contribute:
| Other details about A4 contributions: | |
|---|---|
| Type | Pretax and/or Roth contributions |
| Plan | 403(b) plan |
| Eligibility | Full‐time, part‐time, or part-time on-call employees and students |
| Timing | Available immediately upon hire |
No Contributions from MITRE at Level 3
| Other details about A4 contributions: | ||
|---|---|---|
| Pretax and/or Roth contributions | Type | - |
| 403(b) plan | Plan | - |
| Full‐time, part‐time, or part-time on-call employees and students | Eligibility | - |
| Available immediately upon hire | Timing | - |
The MITRE Tool (the "Contribution Maximizer") is intended to help you maximize your contributions to the MITRE Corporation Tax Sheltered Annuity Plan and MITRE Corporation Qualified Retirement Plan ("the Plans"). By checking the box below to access the Contribution Maximizer, you consent to electronic receipt and agree that you have received electronically, read and are bound by the terms and conditions of use herein (the "Terms").
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