Voluntary 403(b) Plans

Voluntary retirement savings plans are designed to supplement retirement income from a state plan or to act as a stand-alone plan. These plans are open to all employees and have no employer contribution.

UF Fidelity 403(b)

Employees may select tax-deferred or post-tax Roth options.

Eligibility

  • Faculty
  • Staff (TEAMS)
  • Law Enforcement
  • OPS (Temporary Staff, Adjunct Faculty, Residents/Housestaff, Graduate Assistants, and Post-Doctoral Associates)

Enrollment

Contact Fidelity Investments to start saving on a tax-deferred or post-tax basis through paycheck deductions.

Contribution Management

Contributions may be modified throughout the year by contacting Fidelity Investments. It may take several weeks to implement requested changes.

IRS Contribution Limits

The limits for this plan are based on the calendar year and separate from the limit for the voluntary 457 Deferred Compensation plans. Visit the Retirement Plan Contribution Limits page for the current year’s maximums.

Resources

Loans/Hardship Withdrawals

Voluntary savings plans are designed for long-term retirement planning purposes. UF 403(b) plans allow for loans or hardship withdrawals under very specific circumstances and according to the plan’s loan and hardship policy statements. Contact your Retirement Investment Provider List for more information.

Update My Beneficiary

Login to your Fidelity account to update your beneficiary information.

 


 

Voluntary SUSORP Contributions: Tax-Deferred 403(b)

Contributions and earnings are allowed to grow tax-deferred and then taxed as income when withdrawn from the plan.

Eligibility

Enrollment

New SUSORP members may enroll through the voluntary column of their ORP Enroll Form or their ORP Mandatory Participation Form (College of Medicine and Health Science Center faculty only).

Existing SUSORP members may begin voluntary contributions by faxing a completed ORP Change Form to UFHR Benefits at (352) 392-5166.

Contribution Management

Contributions may be modified throughout the year or the investment provider changed by faxing an updated ORP Change Form to UFHR Benefits at (352) 392-5166. It may take several weeks to implement requested changes.

IRS Contribution Limits

The limits for this plan are based on the calendar year. Visit the Retirement Plan Contribution Limits page for the current year’s maximums.

Resources

Loans/Hardship Withdrawals

Loans and hardship withdrawals are not allowed.

Update My Beneficiary

Contact your investment provider to update your beneficiary.

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