University of Notre Dame 403(b) Retirement Plan (Choice-Eligible Grandfathered)

Last Updated 12/18
Applies to Non-Exempt Staff


The University of Notre Dame 403(b) Retirement Plan provides contributions for certain non-exempt staff in the UND Employees’ Pension Plan who elected, as part of the 2017 Retirement Plan Choice offering, to transfer to the 403(b) Plan. Contributions are made to the plan by both the participant and the University and contributions are vested immediately.


Participation is for those employees who elected as of December 31, 2017 to cease earning additional benefits under the UND Employees’ Pension Plan and who do not satisfy the requirements that obligate them to make mandatory employee contributions.


  • Normal Retirement – age 65 with at least five years of service
  • Early Retirement – either age 55 with 15 years of service or age 62 with 10 years of service, whichever occurs first
  • Non-Exempt Staff Salary – regular salary plus overtime, shift differential and tips

University and Employee Contributions

Eligible staff may contribute Voluntary Employee Contributions.

Voluntary Employee Contributions are a minimum of $120 per year and a maximum per regulatory requirements.

The University contributes 5% of the individual’s Non-Exempt Staff Salary as defined above. Each pay period, the University makes matching contributions to the 403(b) Plan in an amount equal to 100% of the first 5% of the individual’s Non-Exempt Staff Salary if Voluntary Employee Contributions are elected for that pay period.

Investment Options

Participants determine how contributions are allocated among an array of investments designed to accommodate most investors needs. Additional details and information on investment options is available at Fidelity is the Plan’s provider of record keeping services.

Beneficiary Designation

All participants are asked to name a beneficiary when they become eligible to participate in the 403(b) Plan. If married, under law the spouse must be a beneficiary of at least 50% of the account balance unless the spouse signs a waiver. Beneficiary changes should be made online at

Death Benefits

If a participant dies before beginning retirement income, the full current value of accumulations are payable as a death benefit to the beneficiary. A consultation with a Fidelity Retirement Planner is recommended.



Information on participation and enrollment in the 403(b) Plan was made available to all employees as part of the 2017 Retirement Plan Choice offering.

Additional Information

Individual Retirement Counseling Sessions for 403(b) Participants
How to Change Your 403(b) Contributions
403(b) Universal Availability Notice (PDF)