403(b) and 457(b) Voluntary Retirement Savings Plans

KSU offers a 403(b) and 457(b) plan as voluntary retirement savings plans to supplement your TRS or ORP enrollment. These plans are available to part-time and full-time employees. You may elect to contribute pre-tax contributions to the 403(b) or 457(b) plans or after-tax Roth contributions to the 403(b) plan.

2016/2017 Maximum Contribution Limit: $18,000
Age 50 Catch-up: additional $6,000

You may invest up to the maximum in one or both plans:
    • Reduces current income tax liability;
    • Contributions and earnings grow tax-free;
    • If you think your tax liability is more now than what you think it will be in the future or upon retirement, a pre-tax savings plan may be more advantageous
    • Since contributions are made after-tax, eligible retirement withdrawals are tax-free;
    • Earnings grow tax-free;
    • You may want to invest in this plan if you think your tax liability will be higher in the future than it is today or if you have a long time to invest until your retirement
  • 403(b) plans allow more withdrawal options if you need to get money out prior to separation of service; penalties apply if you are under age 59 ½ except for loan withdrawals

    457(b) plans allow more withdrawal options after separation from service; penalties do not apply to withdrawals after separation of service

    Investment options are similar in both plans: 403(b) and 457(b) Plan Comparison Chart

  • 1.)  Choose a Vendor(s) and Open an Account; (To assist in your decision making, see fund information below, or meet with financial representative during monthly campus visit, or call vendor financial representative directly for one-on-one counseling session).

    403(b) Enrollment
    Fidelity on-line enrollment - Plan number 52318 - Login or register
    Fidelity Paper Application
    TIAA on-line enrollment only - Click "Enroll Now"
    Valic on-line enrollment

    457(b) Enrollment
    Fidelity on-line enrollment - Plan number 84742 - Log in or register
    Fidelity Paper Application
    TIAA on-line enrollment only - Click "Enroll Now"
    Valic on-line enrollment

    2.)  Complete KSU Salary Reduction Agreement Form and return to Human Resources (see the Salary Reduction Agreement forms at the top of the webpage).

403(b) & 457(b) Vendor Resources

Retirement Vendor Contact Information

Campus Visit Schedule

How to Request a Loan

Fidelity Online Enrollment Instructions

TIAA Financial Education Web Seminars

TIAA-CREF Roth Option Information

Universal Availability Information

 

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