Clinical faculty in the College of Medicine (COM) are automatically enrolled in the College of Medicine Academic Enrichment Fund (AEF) retirement plan and must select their investment options with Fidelity Investments. COM clinical faculty also participate in the State University System Optional Retirement Program (SUSORP), which requires completing an ORP Mandatory Enrollment Form and contacting an investment provider to execute a contract.
Eligibility
- Designated COM clinical faculty are automatically enrolled with Fidelity Investments.
Contribution Rates
- Employer: 5.14% of biweekly earnings
- Mandatory Employee: 3.00% of biweekly earnings
- Voluntary Employee contributions are not permitted to this plan
IRS Contribution Limits
The limits for this plan are based on our fiscal and calendar years. Visit the Retirement Plan Contribution Limits page for the current years’ maximums.
Publications
Resources
- COM AEF 403(b) Plan Document
- Fidelity NetBenefits Portal
- Schedule an In-Person or Virtual Appointment
- Representatives
- JT Carpenter
- 352-547-6600
- jt.carpenter@fmr.com
- Gene Varela
- 407-335-0834
- gene.varela@fmr.com
- JT Carpenter
Loans/Hardship Withdrawals
Voluntary savings plans are designed for long-term retirement planning purposes. Employees should use other methods to save for immediate or short-term expenses. However, the UF 403(b) plans do allow for loans under very specific circumstances according to the plan’s loan policy statements.
COM 403(b) plan participants may contact Fidelity Investments for loan information.
Hardship withdrawals are not allowed.
Update My Beneficiary
Login to your Fidelity account to update your beneficiary information.