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. All University of Arizona employees can participate in the Voluntary 403(b) Plan and 457(b) Deferred Compensation Plan.
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
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: | Tax free | Post-tax |
| Withdrawals: | Pre-tax Taxable | Tax free |
Plan ID: 55468
Enroll online using the button below or contact the 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 | |
| 2023 | 2024 | |
| Annual MDA under age 50 | $22,500 | $23,000 |
| Annual MDA if turning 50+ in plan year | $30,000 | $30,500 |
| Catch-up contributions (age 50+) | Contact your investment provider | Contact your investment provider |