University of Notre Dame 403(b) Retirement Plan (Mandatory for Faculty and Staff)

The 403(b) Retirement Plan (the “403(b)” Plan) is a defined contribution plan under Section 403(b) of the Internal Revenue Code.


Regular faculty and staff are eligible to participate in this plan upon meeting the one-year-of-service eligibility period of employment. Prior service at an accredited college or university or a not-for-profit research laboratory or governmental research laboratory may count toward the one-year eligibility.

University and Employee Contributions

Upon attaining eligibility, the University contributes 10% of your regular salary to the plan, and eligible faculty and staff are required to contribute a Mandatory Employee Contribution of 5% of regular salary to the plan. “Regular salary” means the contractual or base salary paid to you by the University and also includes certain summer salary for faculty and certain other payments for non-exempt staff.

Contributions made by the University are vested immediately. Mandatory Employee Contributions (5%) and University Contributions (10%) are made on a pre-tax basis. Voluntary Employee Contributions can be made on either a pre-tax or Roth after-tax basis.

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.

Details on the individual funds can be found in the Investment Options at

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. More information on how to enroll in the BrokerageLink®, direct payroll contributions, and navigate the available investment options can be found in this how-to guide (PDF).


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 Retirement Planner.

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

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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