Human Resource Services
Roth 403(b) Plan
Employees may designate all or part of their elective salary deferrals to a post-tax retirement option called a "Roth 403(b) plan."
This option does not increase the amount an employee can contribute to a retirement plan, but does provide some attractive options.
With a Roth 403(b) plan, you will pay taxes as contributions are made, and you will not lower your taxable income for the contribution year.
Roth account balances are portable to Roth IRAs or other 403(b) Roth Accounts if the receiving plan accepts such rollovers. Tax-free treatment of distributions and earnings is only provided to qualified distributions. A qualified distribution is one that is made five years or more from the date of the first Roth contribution and the participant reaches age 59 1/2, becomes disabled, or upon participant's death.
Four investment providers offer a Roth 403(b) option: Fidelity, ING, MetLife and VALIC. Please refer to the 403(b) Tax-Deferred Annuity Companies listing for contact information. Contributions to this plan are made by payroll deduction and are initiated by opening an account with one of the vendors listed, and then submitting a Salary Reduction Agreement to UF Retirement.
- Salary Reduction Agreement for 403(b) Plans – Roth 403(b)
Visit the Retirement Plan Limits page for a calendar of year limits and information on enrolling in a Roth 403(b) account.