Implementation of New Fringe Benefit Rate Agreement FY22
The University has successfully negotiated a new Fringe Benefit cost rate agreement with the U.S. Department of Health and Human Services for the upcoming Fiscal Year 2022.
From: Laurie E. Locascio, Vice President for Research and Denise J. Clark, Associate Vice President for Research and Administration
The University has successfully negotiated a new Fringe Benefit cost rate agreement with the U.S. Department of Health and Human Services for the upcoming Fiscal Year 2022. The University's current F&A rates remain unchanged for FY22. The official rate agreement has been finalized and posted at: /um-resources/fa-information
In summary, the following fringe rates are effective 07/01/2021 through 06/30/2022:
| Group | FY22 Rate | Object codes |
|---|---|---|
| Faculty | 29.7% | 1011, 1012, 1015, 1016,1018 -- Includes 12-month and academic year faculty. |
| Staff | 36.0% | 1013, 1014 -- Includes exempt and non-exempt staff |
| Limited Benefits | 27.8% | 1020, 2067, 2068, 2069, 2072, 2073, 2090 -- Includes contractual faculty and staff and graduate assistants |
| Legislated Benefits | 7.7% | 2071, 2074, 2075, 2080, 2081, 2100, 2120, 1099, 2099 -- Includes students with hourly wages, and faculty/staff additional pays |
These rates should now be used for all grant and contract proposals and planning purposes on non-sponsored funding sources. Kuali Research and Kuali Financial System will be updated to reflect these new rates going forward in FY22.
If you have any questions, please contact Marchon Jackson, Director of Sponsored Programs Accounting and Compliance, at marchon@umd.edu.