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Fringe Benefits Rates
NEW RATES EFFECTIVE JULY 1, 2023
Fringe benefits are budgeted on proposals as direct costs using rates that have been approved by the US Department of Health and Human Services (DHHS).
FY24 Fringe Benefits Rate Table | |
---|---|
Employee Classification | Percent (%) of Salary & Wages Effective 7/1/2023 |
Faculty* (A/B) | 28.0% |
Graduate Assistants (C) | 13.9% |
Postdoctoral (D) | 31.1% |
Merit (E/H) | 48.9% |
Senior Staff/Leadership* | 16.4% |
Contract* (K) | 37.5% |
Professional and Scientific* (P) | 37.5% |
Student Hourly (XH) | 1.8% |
Miscellaneous* (M) | 7.6% |
Non-Student Hourly (XH) | 6.6% |
Americorp | 7.4% |
*ISU employees with an annual salary of $265,000 and above are considered Senior Staff/Leadership for fringe benefit rate purposes. |
Updated Jul 5, 2023.