403(b) Plan

To enroll in Supplemental Retirement Plan 403(b), please click here and follow the steps provided.

Objective

Employees may participate in the Supplemental Retirement Plan (SRA), which establishes individual annuity and/or custodial accounts for the purpose of supplementing Basic Retirement Plan contributions.

Eligibility

Any employee, regardless of age, length of service, or benefits FTE, may enroll in the Supplemental Retirement Plan (SRA).

Effective Date of Participation

Participation is effective the first of the month following submission of a Tax-sheltered Annuity Program Salary Reduction Agreement form and completion of account application forms.

Contributions to the Plan

SRA contributions are withheld each pay period as a percent of compensation or a flat dollar amount ($200 annual minimum) up to the Internal Revenue Service's maximum allowance. Contributions made to the SRA Plan are withheld on a voluntary basis and are made on a tax-deferred basis, thus reducing federal and state income tax.

Allocating Plan Contributions

You may allocate contributions among or between TIAA-CREF and Fidelity Investments in any whole- number percentage, including full allocation to any option. Once participation begins, allocation changes of future premiums may be made at any time by contacting the respective investment company.

Investment Alternatives

You may invest contributions with TIAA-CREF or Fidelity Investments. Both retirement plan investment companies are committed to offering a wide range of investment options while providing the educational resources to help you plan for a successful retirement. You may invest retirement plan contributions among the following categories.

  • Money Market
  • Stocks (Equities)
  • Bonds (Fixed Income)
  • Guaranteed Annuity
  • Lifecycle Funds

Transferring Plan Contributions

SRA Plan funds may be transferred among or between TIAA-CREF and Fidelity Investments at any time.

Roll over of Funds

You may roll over funds from another employer's retirement plan to the university's SRA Plan only if the original retirement plan in which the funds were contributed provided for the roll over of funds.

Access to Funds

SRA Plan funds may be accessed subject to certain IRS guidelines and restrictions. SRA funds received are taxable and in some cases, a 10 percent excise tax will be assessed. Additional information is available from your Campus Benefits Office.

Benefits Office

32 Canfield Administration
University of Nebraska-Lincoln
Lincoln, NE 68588-0409

Campus Mailing Address
32 ADMN (0409)

Main Line/TDD
(402) 472-2600

Fax
(402) 472-6803

Online contact form

Contacts

Diane Fry
Retirement Plans
(402) 472-0937
dfry4@unl.edu

Michelle Tiedtke
Retiree Insurance
(402) 472-4589
mtiedtke2@unl.edu

Susan Turco
Insurance Plans
(402) 472-8048
sturco2@unl.edu

Lyndi Essink
Worker's Compensation
(402) 472-8414
lessink2@unl.edu

Greg Clayton
Director of Risk Management & Insured Benefits
(402) 472-8044
gclayton1@unl.edu