University of Notre Dame 403(b) Retirement Plan (Voluntary savings for all employees)
Last Updated 01/12
Applies to Faculty, Exempt and Non-exempt Staff
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 on a tax-deferred or Roth after-tax basis to a 403(b) account. You may choose to invest your contributions in any of the investment options. Your contributions are automatically deducted from your pay.
The minimum amount that you may contribute to your 403(b) Plan is $10 per month or $120 per year. The maximum voluntary amount per year that you may contribute is as follows:
Year Maximum** Age 50* Total Maximum**
2016: $18,000 + $6,000 = $24,000
*If you turn age 50 before the end of the calendar year, you may defer the additional $6,000 amount.
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.
Once you reach age 59 ½ or when you leave the University, you may withdraw your voluntary contributions from your account or you may retain them in the Plan.
For questions regarding the 403(b) Retirement Plan, please contact:
200 Grace Hall
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