Fiscal Year 2022 Approved Fringe Benefit Rates for Sponsored Projects March 10, 2021 Drexel University has finalized the negotiations of the fiscal year 2022 fringe benefit rates for sponsored projects with the U.S. Department of Health and Human Services (DHHS). The finalized rates remain the same as the proposed rates. Coeus and Banner have both been updated to reflect the new rates effective July 1, 2021. With the closure of the Drexel University Physician Practice Plan, Drexel University no longer requires the DUCOM Highly Compensated Faculty fringe benefit rate. The F5 employee class will now utilize the full-time fringe benefit rate beginning July 1, 2021. For fiscal year 2022, the Academy of Natural Sciences (ANS) will continue to use the non-sponsored fringe benefit rates, however, the fiscal year 2022 rates are not yet determined and will be announced when final. In the meantime, proposal submissions for ANS should continue to utilize the fiscal year 2021 non-sponsored fringe benefit rates. Employee Pool Drexel ANS Full-time Employees 24.4% To Be Determined Part-time Employees 19.9% To Be Determined DUCOM Highly Compensated Faculty N/A N/A 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, was specific to full-time, benefit- eligible, College of Medicine faculty in the “F5” employee class. Since we no longer have a physician practice plan we have eliminated this fringe benefit rate category effective July 1, 2021. 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 Michael Lacatena at 215.895.6361 and Gabrielle Berrios at 215.895.1730. Current and prior year rates and rate agreements can be found on the fringe benefit page of the Research Accounting website.