USF 403(b) Plan Document

TAMPA, Fla. (Feb. 3, 2009) -- The IRS recently implemented new regulations requiring all public employers to provide a plan document for 403(b) plans offered to their employees.

403(b) plans allow eligible employees to save for retirement through pre-tax contributions to tax-sheltered annuities or mutual funds. Employees may start or stop contributions at any time and may contribute any amount up to the maximum contribution allowed by the IRS.

To review USF’s 403(b) plan document, click here. This document includes information about the following:

Eligibility requirements
Benefits of the plan
Applicable limits
In-service distribution parameters
Investments available under the plan
Delegation of roles and responsibilities

For more information regarding 403(b) options or other retirement questions, contact a Benefits Representative on your campus.