Fiscal Year 2019 Approved Fringe Benefit Rates for Sponsored Agreements
July 18, 2018
Drexel University and the Academy of Natural Sciences have finalized the negotiations of the fiscal year 2019 fringe benefits rates for sponsored projects with the U.S. Department of Health and Human Services (DHHS). The finalized rates are lower for all categories than the proposed rates. Coeus and Banner have both been updated to reflect the new rates.
The finalized fringe benefit rates for fiscal year 2019 are as follows:
|DUCOM Highly Compensated Faculty
The full-time employee rate captures all full-time, benefit-eligible faculty and professional staff. Post-doctoral students hired as full-time professional staff are also included in the full-time employee rate. This group is considered one rate pool because they are all eligible for the same benefit offerings.
The part-time employee rate includes both part-time benefit eligible and non-benefit eligible employees (e.g. temporary employees, co-ops).
The DUCOM highly compensated faculty rate, previously referred to in our agreement with DHHS as Clinical Faculty Rate, is specific to full-time, benefit- eligible, College of Medicine faculty in the “F5” employee class. College of Medicine faculty are automatically assigned to the highly compensated employee classification on hire or when their base salary reaches the annual threshold.
Please note that students are not subject to FICA tax per IRS regulations and as such, do not warrant a separate fringe rate.
If you have any questions regarding the new rates they can be directed to Joseph Lucca at 215.895.6361. Current and prior year rates and rate agreements can be found on the fringe benefit page of the Research Accounting website.