The DePaul University 403(b) Retirement Plan (the "Plan") provides eligible faculty and staff with the opportunity to accumulate retirement funds. In accordance with plan provisions, eligible employees may make pre-tax or Roth (after-tax) contributions and receive tax-deferred university contributions for the purpose of investing these funds in a variety of investment vehicles offered by the Plan's investment fund sponsors.
Log in to your 403(b) account at Fidelity NetBenefits.
Introducing Roth to the 403(b) Plan
Beginning July 1, employees will be able to elect Roth contributions to the DePaul 403(b) Retirement Plan with Fidelity. Roth contributions are made after-tax. The contributions and the earnings can be withdrawn tax-free at retirement.
Deciding whether to contribute on a pre-tax basis, a Roth basis, or a combination of the two is a personal decision. To help guide you through this process, we worked with Fidelity to prepare this
Roth FAQ, which can also be found on our website.
In addition, Fidelity is offering the following live virtual workshops:
- Monday, June 9, 10:00 a.m. - 10:30 a.m., CST
- Wednesday, June 18, 10:00 a.m. - 10:30 a.m., CST
- Thursday, June 26, 1:00 p.m. - 1:30 p.m., CST
You can register for these presentations through the
Fidelity appointment scheduler (select "Virtual Event" in the Select Event Type drop-down menu to see the presentations).
Links to the recordings will be posted to the DePaul 403(b) website in case you can't attend any of the live sessions. They can also be found in BlueSky Learning by searching "Roth 403(b)."
The first day you can elect Roth contributions through
Fidelity NetBenefits is July 1 and they will first appear in the July 11 paycheck. If you wish to make a Roth contribution for that paycheck, you must make an election through Fidelity NetBenefits no later than July 4. Of course, you can choose to make a Roth contribution for a subsequent paycheck as well.
Plan Notices and Fee Disclosures
Fidelity Investment Information
Fidelity Investments® receives all plan contributions and provides plan services for the Plan.
Visit
https://requireddisclosureinfo.com/requireddisclosureinfo/ (Password: 62919) for information and resources to help you make informed investment decisions, including more detailed information on the Plan's investment options.
Contact a Fidelity customer service representative at (800) 343-0860.
TIAA Investment Information
If you were hired prior to July 1, 2021, you may have Plan assets with TIAA.
Visit
www.tiaa.org (Plan ID 100990) for a current list of investment options and detailed descriptions of each.
Contact a TIAA customer service representative at (800) 842-2776.