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Retirement Savings Plan


The 403(b)/457(b) Retirement Plan is a defined contribution retirement plan.  An employer, its employees -or both-make regularly scheduled contributions to an account set up in each participating employee's name.  Each account's value depends on the amounts of the employer and/or employee contributes, and investment gains or losses on those contributions:

Plan highlights:

  • The University contributes to your 403(b) and you are required to make basic contributions.  You can elect to make additional voluntary contributions on a pre-tax or after-tax (Roth) basis.  This contribution design is intended to support meaningful retirement savings for all participants.
  • Required employee contributions are made on a pre-tax basis, providing you with savings on federal and state income tax by lowering your taxable income.
  • The University monitors the core fund lineup, providing for best-in-class investment options for all plan participants.
  • For a wider array of investment options, a brokerage window is available with TIAA and Fidelity.
You can invest the money in your Retirement Plan through TIAA or Fidelity.  If you need help with the retirement plan investment options or you need personalized financial advice, schedule an appointment with TIAA or Fidelity representative.

Keep the money in your account if you leave the University.  Or transfer the vested portion (the money you own)to another tax-qualified retirement savings plan.  The vested portion is always yours. 

For more information about the plan and on contributions, contribution limits, vesting, default investing, and much more go to https://benefits.uasys.edu/retirement-plan/retirement-savings-plan/


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