All university employees can participate in the Voluntary 403(b) Plan and/or the 457(b) Deferred Compensation Plan. Both plans are designed to help you save for retirement, and both offer the option of traditional pre-tax contributions or post-tax Roth contributions through payroll deduction. The university does not make contributions toward these plans.
Note: You may open or update your voluntary supplemental plans anytime, not just during benefits open enrollment.
Supplemental Plan Choices
Quick Downloads: Supplemental Retirement Plans Comparison
403(B) Plan
The 403(b) is a retirement account where you choose from a mix of investment options. Withdrawals are permitted upon separation or after age 59½. 403(b) Guide (PDF)
Investment providers: Fidelity Investments or TIAA.
Minimum contribution: $5/pay period
Rollovers into the plan: Allowed
Loans/Hardship withdrawals: Allowed
| Traditional 403(b) | Roth 403(b) | |
| Contributions: | Pre-tax | Post-tax |
| Withdrawals: | Taxable | Tax-free |
Plan ID: 55468
Enroll online using the button below or contact Fidelity or TIAA representatives.
457(b) Deferred Compensation Plan
The 457(b) is a deferred compensation plan similar to a retirement account, but you may withdraw funds without penalty upon separation from service, regardless of your age. 457(b) Guide (Video)
Investment provider: Nationwide
Minimum contribution: $10/pay period
Rollovers into the plan: Allowed
Loans/Hardship withdrawals: Allowed
| Traditional 457(b) | Roth 457(b) | |
| Contributions: | Pre-tax | Post-tax |
| Withdrawals: | Taxable | Tax-free |
Enroll online using the button below or call 800-796-9753.
Maximum Deferral Amount (MDA) Limited for 403(b) and 457(b)
| MDA | Calendar or plan year | |
| 2024 | 2025 | |
| Annual MDA under age 50 | $23,000 | $23,500 |
| Annual MDA if turning 50+ in plan year | $30,500 | $31,000 |
| Annual MDA if turning 60-63 in plan year (New for 2025) | $34,750 | |
| Catch-up contributions (age 50+) | Contact your investment provider | Contact your investment provider |