University of Notre Dame 403(b) Retirement Plan (Voluntary savings for all employees)

The University of Notre Dame 403(b) Retirement Plan allows all employees – faculty, exempt and non-exempt staff, full and part-time/temporary – to make Voluntary Employee Contributions.


Employees are eligible to make voluntary contributions immediately upon hire — no period of prior service is required.


  • The minimum amount you may contribute to the UND 403(b) Plan is 1% or $10 per pay period.
  • The maximum amount you may contribute during calendar year 2016 is $18,000.
  • If you turn age 50 before the end of the calendar year, you may contribute an additional $6,000 for a total of $24,000.

These maximums assume that you are not making contributions to a retirement plan maintained by an employer other than the University during the calendar year.

Pre-tax vs. after-tax contributions

Voluntary contributions can be made on a pre-tax or after-tax basis, or a combination of the two:

  • Pre-tax contributions (traditional 403(b)). If you elect to contribute on a pre-tax basis, your contributions are made by payroll deduction before income tax withholding is calculated. This reduces your taxable income and lets you save money that otherwise may have gone toward income taxes. Taxes are paid later when the funds are distributed.
  • After-tax contributions (Roth 403(b)). Roth 403(b) after-tax contributions are made by payroll deduction after income taxes are withheld. This reduces your take home pay because the amount contributed is included in gross income when tax withholdings are calculated. However, eligible Roth 403(b) distributions, including earnings, are generally tax-free. For more information about the Roth option, consult the Roth (403b) Fact Sheet (PDF).


Contributions to a retirement plan are meant to be saved for retirement.

Generally, you may withdraw from the 403(b) Plan only when you reach age 59½ or when you leave the University.

While you may be eligible in some circumstances to take a loan or a hardship withdrawal from voluntary contributions, please note that doing so may impede your ability to retire when you wish to.

Investment Options

The University’s 403(b) Investment Committee has chosen an array of investment options designed to accommodate most investors’ needs and that it regularly monitors for performance and cost. To make it easier to navigate the investment options, they are grouped into three tiers:

  • Funds in Tier I consist of low-cost Target Date Funds managed by Vanguard.
  • Funds in Tier II are Core Fund options and include a fixed annuity option through MetLife as well as four passively managed (index) funds managed by Vanguard.
  • Tier III includes Specialty Funds that have been selected to provide access to additional categories of passively managed funds, as well as actively managed funds. These include four funds managed by Vanguard, PIMCO, DFA and Dodge & Cox.

A self-directed brokerage account through Fidelity BrokerageLink® is also available, but it is important to note that the investments available through Fidelity BrokerageLink® are not monitored.


Fidelity Investments is the provider of recordkeeping services for the UND 403(b) Plan. As service provider, Fidelity maintains transactional records and provides quarterly statements, provides education, retirement planning guidance and communication services as well as assisting with compliance and regulatory requirements.

Learn more

For additional information, visit the UND 403(b) Retirement Plan website at or schedule a one-on-one consultation with a Fidelity Planning & Guidance Consultant.

To schedule your confidential consultation, contact Fidelity Investments at 877-963-0242 or visit Consultations may be conducted in person or over the phone.

For additional information about guidance from Fidelity, please see the UND 403(b) Retirement Plan Retirement Guidance brochure (PDF).


Ready to enroll? Consult the UND 403(b) Retirement Plan Enrollment Guide (PDF).

Additional Information

For additional questions or information, please contact:

askHR Customer Service Center
200 Grace Hall
Phone: 1-574-631-5900
Fax: 1-574-631-8263

Additional Information

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