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.
Watch a video highlighting the differences between voluntary savings plans and how to effectively save for retirement.
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
To start saving on a tax-deferred or post-tax Roth basis, register an account on the Fidelity Investments website. Contributions are made by payroll deduction. Free financial advising is available by scheduling an appointment with a UF Fidelity representative.
Contribution Management
Contributions may be modified throughout the year by visiting the Fidelity Investments website. 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
- 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. 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 investment provider 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Contributions and earnings are allowed to grow tax-deferred and then taxed as income when withdrawn from the plan.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
- SUSORP participants only
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.