Implementation of New Fringe Benefit Rate Agreement FY22

From: 
Laurie E. Locascio, Vice President for Research and Denise J. Clark, Associate Vice President for Research and Administration
Date: 
Tuesday, June 8, 2021

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: https://ora.umd.edu/resources/fa

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.

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