Supplemental Retirement Plans (Voluntary 403(b) Plan, Deferred Compensation)
All University of Arizona employees are eligible to participate in these supplemental retirement plans.
Both programs are offered through payroll deduction. When calculating your annual contribution amount, remember that voluntary deductions, such as these, are only deducted from the first two paychecks of each month.
Supplemental retirement plan contributions are deducted from supplemental compensation.
Supplemental Retirement Plans Comparison
Voluntary 403(b) Plan
IRS Tax Code: 403(b)
Offers employees the opportunity to defer tax on a portion of earnings, by purchasing traditional annuity or mutual fund products through the University's authorized investment companies.
To open a 403(b) account, contact an authorized investment company representative:
VALIC - Tony Puccio (520) 449-4955
Fidelity Investments - Damond Petersen (866) 588-2612; Kyle Spahn (480) 220-6034
TIAA-CREF - Mark Largent (866) 548-3705 ext 453249
The University does not endorse outside financial advisors. Fidelity Investments, TIAA-CREF and VALIC are the only ABOR-approved investment providers for the Voluntary 403(b) Plan. Mailings received from non-approved financial advisors or investment providers are never University generated. Please help us reduce unsolicited correspondence from unapproved providers: Respond directly to the sender with your request to be removed from future mailings.
To make payroll deduction contribution changes to an existing 403(b) account, request a loan, hardship withdrawal or severance of employment distribution, visit Retirement Manager at
https://www.myretirementmanager.com/?arizona. Retirement Manager is a secure internet based self-service tool that allows you to manage your 403(b) account(s).
Instructions for using Retirement Manager
How to Start/Stop/Change Contributions
How to Request an In-Service Exchange
How to Request a Loan
How to Request a Hardship Withdrawal
How to Request a Distribution upon Severance of Employment
For help navigating and using Retirement Manager, please call their Participant Support Line at 1-866-294-7950.
The routine deadline for enrollments and changes to 403(b) accounts is non-pay week Wednesday at 5:00 p.m.
Deferred Compensation Plan
IRS Tax Code: 457
State of Arizona plan administered by Nationwide, allows employees to defer a pre-tax portion of earnings into a supplemental retirement account. To open an account or change/stop your contributions, contact Klark Krauter at (800) 796-9753 or (520) 262-0348.
Maximum Deferral Amount (MDA) Limits for 403(b) and 457 Plans
|Annual Maximum Deferral Amount (MDA)||$17,000||$17,500|
|Annual Maximum Deferral Amount (MDA) for participants age 50 and older in plan year||$22,500||$23,000|
|Special catch-up contribution for employees with more than 15 years of service||Contact your investment company representative|