Maximizer Tool

Annual Salary

You can find your annual base salary in Workday.

A1 Pretax Contribution Rate below the SSWB

There is no ability to change this contribution rate.

The contribution is available immediately upon hire, with the option to opt-out in the first 60 days. After five years of service, the contribution is mandatory as a condition of employment. Opting out upon hire will defer your ability to make Level 1 and Level 2 contributions (A1 and A2) for five years. This will also result in losing the ability to receive MITRE’s corresponding B1 and A3 contributions for five years. 

A1 Pretax Contribution Rate above the SSWB

There is no ability to change this contribution rate.

The contribution is available immediately upon hire, with the option to opt out in the first 60 days. After five years of service, the contribution is mandatory as a condition of employment. Opting out upon hire will defer your ability to make Level 1 and Level 2 contributions (A1 and A2) for five years. This will also result in losing the ability to receive MITRE’s corresponding B1 and A3 contributions for five years.

A2 Pretax + Roth Total Contribution Rate below the SSWB

Enter a rate between 0 and 10%.

You can contribute up to 10% of your base salary up to the Social Security Wage Base ($176,100 in 2025). Contributions can be made up to the annual IRS limit ($23,500 in 2025, $31,000 if you are age 50 or older, or $34,750 if you turn 60 – 63 in 2025). For purposes of this modeler, pretax and Roth deferrals are combined here. You may choose how to allocate this percent between pretax and Roth contributions when you make your selections on NetBenefits.

A2 Pretax + Roth Total Contribution Rate above the SSWB

Enter a rate between 0 and 6%. If your salary is below the Social Security Wage Base, you must enter 6% in order to make A4 contributions. Note this will not actually increase your A2 contributions.

You can contribute up to 6% of your base salary you earn over the Social Security Wage Base ($176,100 in 2025). Contributions can be made up to the annual IRS limit ($23,500 in 2025, $31,000 if you are age 50 or older, or $34,750 if you turn 60 – 63 in 2025). For purposes of this modeler, pretax and Roth deferrals are combined here. You may choose how to allocate this percent between pretax and Roth on NetBenefits.

A4 Pretax + Roth Total Contribution Rate below the SSWB

Enter a rate between 0 and 100 (in increments of 1%). Note that if you enter an amount greater than , your A2 contribution may be less than what you are allowed and therefore could reduce your match from MITRE. Consider selecting MaxMatch or MaxAll to ensure you receive the maximum match. Students/PTOC employees are not eligible for the MITRE match.

You can contribute up to 100% of your base salary* up to the Social Security Wage Base ($176,100 in 2025). Contributions can be made up to the annual IRS limit ($23,500 in 2025, $31,000 if you are age 50 or older, or $34,750 if you turn 60 – 63 in 2025 — including your A2 contributions). For purposes of this modeler, pretax and Roth deferrals are combined here. You may choose how to allocate this percent between pretax and Roth on NetBenefits.

*Note: If you make an election of 100% for your A4 contribution, 100% of your paycheck will be deducted and contributed to your account, resulting in a zero net bi-weekly pay.

A4 Pretax + Roth Total Contribution Rate above the SSWB

Enter a rate between 0 and 100%. Note that if you enter an amount greater than , your A2 contribution may be less than what you are allowed and therefore could reduce your match from MITRE. Consider selecting MaxMatch or MaxAll to ensure you receive the maximum match. Students/PTOC employees are not eligible for MITRE match.

You can contribute up to 100% of your base salary over the Social Security Wage Base $176,100 in 2025). Contributions can be made up to the annual IRS limit ($23,500 in 2025, $31,000 if you are age 50 or older, or $34,750 if you turn 60 – 63 in 2025 —including your A2 contributions). For purposes of this modeler, pretax and Roth deferrals are combined here. You may choose how to allocate this percent between pretax and Roth on NetBenefits.

*Note: If you make an election of 100% for your A4 contribution, 100% of your paycheck will be deducted and contributed to your account, resulting in a zero net bi-weekly pay.

Current Plan balance

You can find your current Plan balance by logging into your NetBenefits account. This balance will receive estimated earnings through the end of the year and then annually through Retirement Age.

Future Base Salary Increase

Choose your expected rate of increase in your base salary, starting with next year.

Estimated Return on Investments

Choose your expected rate of return through Retirement Age.

Estimated Retirement Year

Choose your expected retirement age. This will default to your Retirement Age (65).

Max All

Your Level 2 and 3 contributions (A2 and A4) will be automatically calculated for you.

In NetBenefits, under Contribution Maximizer, choose either:

• Max All with pretax: Select this if you want to make pretax A2 contributions, receive the full MITRE A3 match, and continue saving with pretax A4 contributions until you reach the IRS limit.
• Max All with Roth: Select this if you want to make Roth A2 contributions, receive the full MITRE A3 match, and continue saving with Roth A4 contributions until you reach the IRS limit.
• Max All at 50% pretax/50% Roth: Select this if you want to make both pretax and Roth A2 contributions, receive the MITRE A3 match, and continue saving with pretax and Roth A4 contributions until you reach the IRS limit.

Max Match

Your Level 2 contributions (A2) will be automatically calculated for you.

In NetBenefits, under Contribution Maximizer, choose either:

• Max Match with pretax: Select this if you want to make pretax A2 contributions and receive the full MITRE A3 match.
• Max Match with Roth: Select this if you want to make Roth A2 contributions and receive the full MITRE A3 match.
• Max Match 50% pretax/50% Roth: Select this if you want to make both pretax and Roth A2 contributions and receive the full MITRE A3 match.

Custom

In NetBenefits, under Contribution Maximizer, select “Do not maximize.” Then enter percentages as desired. A summary of your Custom election is available for download below.

Disclaimer

The illustrations are hypothetical and are intended to assist you with your planning. This hypothetical example assumes you continue to make the contributions modeled with no loans, withdrawals or breaks in service until the retirement age entered. All earnings are reinvested at the annual rate of return entered, and all current Plan and IRS limits are applied. They are not projections of your actual future income or a recommendation to contribute a certain amount to the plan. Your own plan(s) account may earn more or less than this example, and income taxes may be due when you withdraw from your account. The hypothetical illustration of future balances should in no way be construed to imply any guarantee of future employment, income or specific retirement benefits. Mitre reserves the right to modify, amend, suspend or terminate the plan at any time.

For purposes of the estimates, various other assumptions are used. These assumptions are described below:

• Loans and Hardship Withdrawals: The estimates do not consider any outstanding loan balance or hardship withdrawal you may have. Any outstanding loans or withdrawals are not included in your current balance shown and are not assumed to be paid back during the estimate period. The estimates assume that you do not take any additional loans or withdrawals for the remainder of the estimate period. The estimates also assume you are eligible to make deferrals at all times.
• Limits: The estimates reflect applicable IRS limits. For example, in 2025, annual employee deferrals and catch-up contributions are limited to $23,500 and $7,500 (or $11,250 for those who turn 60 - 63), respectively, and the qualified earnings limit is $350,000.
• Inflation: The estimates assume an inflation rate of 2% per year for purposes of projecting IRS limits.
• Frequency: The estimates assume that salary increases occur at the beginning of each year, and that deferrals and contributions are made at the end of the year.
• Taxes: The tool does not take income taxes into account.

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").

The information and resources provided throughout the Contribution Maximizer, including text, graphics, images, and other materials, are provided as general information, may be based on various assumptions relating to your age, eligibility, elections, or compensation, and neither represent nor are intended to be specific advice to you or anyone else on any particular matter, including, but not limited to tax, legal, retirement planning, insurance, financial, or similar advice.

You are solely responsible for the accuracy of any data you enter in the Contribution Maximizer, and results are based on the information you provide. The Contribution Maximizer should not be used or relied upon by you as a substitute for your independent research or for professional advice regarding your own specific situation. Your actual experience may vary from the estimates modeled by the Contribution Maximizer.

The Contribution Maximizer is intended only for your personal non-commercial use, and you may not modify, copy, display, distribute, reverse engineer, or otherwise extract any source code, algorithms, methods, or techniques embodied in the Contribution Maximizer.

The Contribution Maximizer is provided on an "as is," "as available," and "with all faults" basis, without warranty of any kind, express or implied, including, without limitation, warranties of merchantability, fitness for a particular use or purpose, title, or non-infringement. In no event shall MITRE or any of its licensors be liable for any consequential, special, or indirect damages that result from use of, or loss of use of the Contribution Maximizer. The rights, exclusions, warranty disclaimers and limitations of liability under these terms operate to the benefit of MITRE’s subcontractors, licensors, and vendors to the same extent that such provisions operate to the benefit of MITRE.

Nothing in the Contribution Maximizer is intended to create, or meant to be construed to create, a contract of employment between you and MITRE or any of its affiliates or subsidiaries. MITRE reserves the right to amend or discontinue the plans described in the tool, in whole or in part, at any time for any reason without prior notice to, or consent by, associates.

The Contribution Maximizer contains only general information about benefits available under the Plans. A summary of the terms of the Plans are described in the 403(b) and 401(a) Plan Summary Plan Descriptions, which may be obtained by reviewing the Plan Information on your NetBenefits account. In the event of a discrepancy or inconsistency between the content described in the Contribution Maximizer, including any calculations or provisions of the Plans, the terms of the Plans are controlling and will govern the amount, if any, you may be entitled to receive under the Plans.

MITRE reserves the right to amend the Terms at any time, and any amendment shall become effective immediately.

By checking this box, I signify that I have read, understand and agree to the Terms set forth above.

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