To enroll in Supplemental Retirement Plan 403(b), please click here and follow the steps provided.
Forms & Links
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.
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 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.
You may invest contributions with TIAA 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 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.