EMPLOYEE BENEFITS

MIT and Socially Responsible Investing

Last May MIT issued a statement recognizing the abhorrent acts taking place in the Darfur region of Sudan.

Since then some MIT employees have expressed concern about their investments in the MIT Supplemental 401(k) Plan in relation to Sudan, as Fidelity Investments has several funds with significant holdings in companies that are supporting the government of Sudan. We recognize that some employees will want to learn about other options and how to go about adjusting their investments or future contributions.

MIT makes available to employees several non-Fidelity funds with different types of socially conscious screens (such as involvement with specific countries, tobacco, gambling, weapons production, corporate citizenship, or the environment.) These funds allow you to align your investment decisions with your personal values through Socially Responsible Investing or SRI. To learn more, Google “Socially Responsible Investing” or visit www.socialinvest.org. To learn more about SRI investment offerings in the MIT Supplemental 401(k) Plan, see our PDF.

MIT's Supplemental 401(k) Plan is intended to be an ERISA §404(c) plan -- this means that the Plan provides the opportunity to choose from a menu of investment options, with participants responsible for making their own investment decisions. If you want to make changes to your account, go to www.fidelity.com/atwork , or call 1-877-MIT SAVE to speak to a customer service representative. Representatives are available 8 a.m. to midnight, Monday through Friday. You can also contact MIT's Fidelity retirement counselor, Paul Gunning, at paul.gunning@fmr.com or at 617-258-8872. As with any investment decision, consider your asset allocation, diversification, and investment time horizon, and make sure they are appropriate to reach your investment goals.

Thank you for your feedback. We hope you find this information helpful.