FAQs

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401(k) Benefits

Who is the BMC 401(k) Plan record keeper?

Fidelity is the BMC 401(k) Plan record keeper. They are the record keeper for all contributions (before-tax, after-tax, Roth) made by you and BMC.

How much does BMC contribute to my 401(k)?

BMC will make company matching contributions dollar for dollar up to 5% of your eligible pay to your account every pay period.

Do I need to contribute to get the full BMC match?

Yes, you need to contribute 5% of your eligible pay to get the full match.

In what ways can I contribute to my 401(k)?

You can contribute to your 401(k) on a before-tax, after-tax, or Roth basis or all three. All contributions are made through bi-weekly payroll deductions.

When will my Compuware 401(k) balance transfer to my BMC 401(k) account?

Your Compuware balance will transfer to the BMC 401(k) on or around January 1, 2021.

Will my current contribution elections transfer to the BMC 401(k)?

Yes. Your deferral percentage as of December 31, 2020, will be effective in the BMC Plan as of January 1, 2021. You may change your election at any time and after your balance transfer is finalized.

Will my current investment elections transfer to the BMC 401(k)?

In most cases, your current investment elections will transfer to the BMC 401(k). Funds that can’t be matched to an asset class in the BMC Plan will be mapped to the appropriate target-date retirement fund. Fidelity will send you a notice of how your funds will be mapped to the BMC Plan. You may change your election at any time and after your balance transfer is finalized.

When can I make changes to my BMC 401(k), and when will they be effective?

Once your transfer to the BMC 401(k) is finalized on or around January 1, 2021, you may make changes to your account. Changes are effective on the next applicable pay period.

Will my current beneficiary designation(s) transfer to the BMC 401(k)?

Yes, current beneficiary designations will transfer to the BMC Plan. However, you may not see your beneficiary designations when you log in right away. There may be a delay of about three business days.

Can I rollover a 401(k) balance from another employer (not Compuware)?

Yes, the BMC 401(k) Plan accepts rollovers from other qualified plans. For more information, you can access Fidelity’s self-service website netbenefits.com or call 866-546-4424.

What happens to my current 401(k) loan?

Your current loan information will transfer to the BMC 401(k) Plan, and deductions will continue beginning with the January 15, 2021 pay period.

When will the 2020 employer match true-up be applied?

Your true-up will be applied no later than March 31, 2021.

If I’m currently enrolled in Automatic Rebalance, will it be transferred to BMC?

No, it will not transfer to the BMC 401(k) Plan. You will have to log in to netbenefits.com or call 866-546-4424 to add the automatic rebalance feature.

Who do I contact if I have questions about my BMC 401(k)?

You can log on to Fidelity’s self-service website netbenefits.com or call 866-546-4424.