Income Deferral 403(b)

Eligibility

To qualify for the Income Deferral Plan, you must be a resident, intern, or clinical fellow receiving taxable compensation.

To receive university contributions to the Plan of up to 2% of your annual base salary, you must be in one of the following eligible classifications:

  • Resident
  • Intern
  • Clinical fellow (other than an individual who is providing services on a T32/NRSA) at the School of Medicine, effective July 1, 2025.

About the Plan

You can make pre-tax and/or Roth contributions to the Plan each pay, from a minimum of $7.50 per month up to the annual maximum established by the IRS, which is $23,500 in 2025.

If you are age 50 or older, you may also be eligible to make “catch-up” contributions of up to an additional  $7,500 in 2025.

The IRS has imposed an annual compensation limit of $350,000 in 2025.

You are always 100% vested in all contributions, including those from the university. “Vesting” refers to your ownership of your Plan account.