FY24 Fringe Rates
The University has successfull
y negotiated a new Fringe Bene fit cost rate agreement with t he U.S. Department of Health and Human Services for the upcoming Fiscal Year 2024. The University's current Fringe Benefit rates for FY24 are summarized below. The official rate agreement ha
s been finalized and posted at: https://ora.umd.edu/ resources/fa. The following fringe rates are effective 07/01/2023 through 06/30/2024:
Group | FY24 Fringe Rate | Object Codes |
---|---|---|
Faculty | 30.7% | 1011, 1012, 1015, 1016, 1018-- Includes 12-month and academic year faculty |
Staff | 36.9% | 1013, 1014-- Includes exempt and non-exempt staff |
Limited Benefits | 25.5% | 1020, 2069, 2072, 2073, 2090-- Includes contractual faculty and staff and graduate students |
Legislated Benefits | 6.4% | 2067, 2068, 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 Fin
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