Income Deferral 403(b)


If you are a full-time, part-time, limited-time or casual resident, intern, or postdoctoral fellow who receives taxable compensation (e.g. salary/wages) from the university, you are eligible to make voluntary contributions to this Plan.

Ordinarily, to receive university contributions to the Plan of up to 1.5% of your annual base salary, you must be a full-time or part-time resident or intern at the School of Medicine.

About the Plan

You can make pre-tax contributions to the Plan each pay period, from a minimum of $15 per month up to the annual maximum established by the IRS ($20,500 in 2022 and $22,500 in 2023).

If you are age 50 or older, you may also be eligible to make “catch-up” contributions (up to an additional $6,500 in 2022 and $7,500 in 2023).

The IRS has imposed an annual compensation limit of $305,000 in 2022 and $330,000 in 2023.

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