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Office of Human Resources

Benefits for Faculty and Staff


Roth 403(b)

Summary

Florida State University offers all employees (A&P, Faculty, USPS and OPS) the opportunity to participate in a Roth 403(b) plan. This plan allows participants to pay taxes on contributions now, but receive qualified withdrawals (including earnings) tax-free at retirement. Contributing to a Roth 403(b) is voluntary. All contributions are made through payroll deduction on a post-tax basis and are forwarded to a participating investment company where they are invested per the participating employee's instructions.

AXA Lincoln Investment TIAA VALIC Voya Financial

How do I enroll in a Roth 403(b) plan, or make changes to my contribution amount?

If you have not already done so, please contact one of the investment companies (listed above) to create a new Roth 403(b) account. New or existing contributions can be started/stopped/changed at any time through the Online Roth 403(b) Salary Reduction Agreement form.

Is there a minimum/maximum contribution amount in the Roth 403(b) plan?

Participants are permitted to make voluntary contributions of $10 bi-weekly, up to the annual IRS limits (based on age of the participant) to 403(b) plans. For the 2018 calendar year, the limits are as follows:

  • Under age 50: $18,500
  • Age 50 or above at any point in 2018: $24,500

Related Forms/Documents: