TO: FRO SUBJ ____ All U Secti for re Amo distri distri withd Emp

Human Resources
TO:
All UCF Employees
FROM: UCF Human Resources - Benefits Department
SUBJECT:
Retirement - Notice of Eligibility
____________________________________________________________________________________
All UCF employees are eligible to participate in our 403(b) retirement savings plan.
Section 403(b) of the Internal Revenue Code provides University of Central Florida employees with an opportunity to save for retirement
through investments in a 403(b) and/or a Roth 403(b) account.
Amounts contributed into a 403(b) are pre-tax deductions and are not subject to federal income tax until you receive a distribution from the
account. Contributions to a Roth 403(b) are subject to federal income tax, although earnings and distributions from the account are not subject
to federal income tax. However, there are some exceptions for early withdrawal or certain other circumstances as specified by the IRS.
Employees are encouraged to read IRS regulations regarding these accounts before making a decision regarding your retirement savings:
http://www.irs.gov/pub/irs-pdf/p571.pdf.
The maximum amount of elective deferrals an employee can contribute annually to a 403(b) is generally the lesser of:

100% of includible compensation; or

$18,000 (in 2015)
However, this general limit is reduced by the amount of elective deferrals an employee makes to:

401(k) plans;

SIMPLE IRA plans;

Salary Reduction Simplified Employee Pension (SARSEP) plans;

Other 403(b) plans; and

Code Section 501(c)(18) plans.
Please note that 403(b) plans are subject to a special rule which aggregates contributions made on behalf of a participant in the UCF 403(b)
Plan (including the FRS ORP) and contributions made on the same participant’s behalf to a 401(a) plan maintained by an employer that is
owned more than 50% by that participant.
UCF has a 403(b) plan document that lists all approved providers and includes a written information sharing agreement with these approved
providers:
Company
Fidelity
ING & Jefferson National
ING Reliastar
MetLife Investors
TIAA-CREF
T. Rowe Price
VALIC
Vanguard
Contact Name
Gene Varela
Pat Tierney
Eddie Corbett
Phil Mendelson
Alex Garcia
Sarah Nicolaides
Don Ogg
George “Sandy” Couch
Barbara Vaught
Customer Service
Jacquie Bletzacker
Todd Chamelin
Kelly Torresin
Customer Service
Telephone Number
(407) 335-0834
(407) 252-3151
(407) 277-0246
(407) 249-4038
(407) 314-0110
(407) 312-3511
(407) 782-5051
(813) 205-3186
(407) 335-9608
(800) 492-7670
(407) 375-2090
(407) 435-8836
(407) 212-5003
(800) 662-2003
Contact information and enrollment instructions can be viewed at http://hr.ucf.edu/current-employees/retirement/.
For additional questions, please contact the UCF Benefits Section at (407) 823-2771 or [email protected].
Administration and Finance
3280 Progress Drive Suite 100 ● Orlando, FL 32826
407-823-2771 ● Fax 407-823-1095
An Equal Opportunity and Affirmative Action Institution

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