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 contribute to these plans.
You can contribute up to the amount of your take-home pay after taxes and deductions. You cannot choose an amount that exceeds your net paycheck. If you select an amount greater than what your paycheck supports, no contribution will be deducted.
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 and 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 | If your 2025 salary earnings are less than $150,000 | If your 2025 salary earnings are more than $150,000 |
|---|---|---|
|
| |
| Annual MDA under age 50 | $24,500 | $24,500 |
| Annual MDA 50-59 | $32,500 | $32,500 |
| Annual MDA 60-63 | $35,750 | $35,750 |
| Age 64+ | $32,500 | $32,500 |