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Voluntary 403(b) Plans

Retirement savings plans, similar to the 401(k) plans that are offered to employees at public schools and certain 501c(3) tax-exempt organizations. Intended to supplement retirement income from a state plan or act as a stand-alone plan. Both the tax-deferred and after-tax plans offer annuity and mutual fund investment products.

UF Tax-Deferred 403(b)

Contributions and earnings are allowed to grow tax-deferred until the money is taxed as income when withdrawn from the plan.

Eligibility

  • Faculty
  • TEAMS
  • USPS
  • OPS (including Housestaff/Residents, Graduate Assistants, Post Docs, and Adjunct Faculty)

Enrollment

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.

Forms

Publications

Resources

Loans/Hardship Withdrawals

Loans and hardship withdrawals are allowed.

Update My Beneficiary

Contact your investment provider to update.


UF After-tax Roth 403(b)

Participants pay taxes as contributions are made and qualified distributions are tax-free. A qualified distribution is one that is made five years or more from the date the first Roth contribution was made and the participant reaches age 59½, the participant becomes disabled, or upon the participant’s death.

Eligibility

  • Faculty
  • TEAMS
  • USPS
  • OPS (including Housestaff/Residents, Graduate Assistants, Post Docs, and Adjunct Faculty)

Enrollment

IRS Contribution Limits

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

Forms

Publications

Resources

Loans/Hardship Withdrawals

Loans and hardship withdrawals are allowed.

Update My Beneficiary

Contact your investment provider to update.


Voluntary ORP (Tax-Deferred 403(b))

Contributions and earnings are allowed to grow tax-deferred until the money is taxed as income when withdrawn from the plan.

Eligibility

  • ORP participants only

Enrollment

IRS Contribution Limits

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

Forms

Publications

Resources

Loans/Hardship Withdrawals

Loans and hardship withdrawals are not allowed.

Update My Beneficiary

Contact your investment provider to update.