CSU 403(b) Supplemental Retirement Plan

Overview

The CSU 403 (b) Supplemental Retirement Plan (SRP) is a voluntary program that allows eligible CSU employees to save toward retirement by contributing to tax-deferred investments. The 403(b) contributions are made solely by the employee through payroll deductions, prior to federal and state taxes being calculated. 

Get Started by Watching a Brief Video

(Video Duration 1:41 min)

• PROGRAM DETAILS
  • Eligible employees may have their contributions automatically deducted from the pay warrant.
  • You can contribute a portion of your compensation as pre-tax elective deferrals or after-tax Roth contributions.
  • Eligible employees can defer a minimum of $15 a month, and a maximum pre-tax/post-tax deduction of $23,000  annually for 2024 (an additional $7,500 if over 50 years old).
  • Complementary Fidelity Retirement Planner Consultations, a Brokerage Link, and Portfolio Advisory Services are some of the Program features.

  For More Program Details:
  CSU 403(b) SRP Plan Features
  Savings Made Easy Brochure

• ENROLLMENT INFORMATION

  Employees may access enrollment, deferral, and investment information at Fidelity NetBenefits.

  • Plan ID# 50537
  • Enrollment Instructions
  • 403(b)/401K/457 Comparison Chart
  • CSU - Fidelity NetBenefits User Guide
• CONTRIBUTION CHANGE OR REALLOCATION

  • To change the amount you contribute or how your funds are invested, login to your account through Fidelity NetBenefits.

  • The cutoff day to make Contribution changes at Fidelity is the 5th of each month before 9PM (PST), for the next month's pay warrant.

  • Upon retirement or separation, unused vacation pay may be contributed to the 403(b) account by contacting the Payroll Department 90 days before separating or retiring.
  • For additional help, review the Transactions Flowchart.
• DISTRIBUTION, ROLLOVERS OR OTHER REQUESTS

  If you need a Plan Administrators Signature, please submit your request to CSU Systemwide Benefits through one of the following:

  Online Submission:
  Submit 403(b) Documents
  
  Fax
  562-951-4695
  
  Mail
  CSU Chancellor's Office
  Attn: Systemwide Benefits
  401 Golden Shore
  Long Beach, CA  90802

  For additional help, review the Transactions Flowchart (PDF).
  
  Note: The standard turnaround time for Plan Administrator Signature is five business days.

• CATCH-UP ALLOWANCE
  • You may be eligible for the 15-Year and/or Age 50 Catch-Up Contribution Allowance.
  • If an employee qualifies for both the 15-Year and Age 50 Catch-Up, the 15-Year Catch-Up must be exhausted before the Age 50 Catch-Up is applied.
  • Employees must demonstrate eligibility by completing the 2024 Special Catchup Worksheet and returning it to the OHR Benefits Office.
• LOANS & HARDSHIP WITHDRAWALS
  • CSU 403(b) SRP participants can have one outstanding loan at a time. 
  • For more details - CSU 403(b) SRP Loan Policy
• FEES
  • CSU 403(b) SRP participants pay a fixed dollar plan administration fee of $10 each calendar quarter ($40.00 per year)
  • See Understanding the fees in the CSU 403(b) SRP for more details.
• DUAL PARTICIPATION

  Employees may make maximum contributions to a 403(b) plan and a 457 plan. For example, for tax year 2024, a participant could elect to contribute up to $23,000 to a 403(b) plan AND up to $23,000 to a 457 plan, for a total contribution of up to $46,000. However, contributions to a 403(b) plan are offset by any contributions to a 401(k) plan in the same tax year.  Employees contributing to both a 403(b) and a 401(k) plan are restricted by IRS regulations to a combined total of $23,000.

  Each employee is responsible for their own calculations and to make sure the IRS limits are not exceeded.

• ENROLLMENT PROCESS

  Online Enrollment (Plan ID# 50537):
  Fidelity NetBenefits

  CSU Enrollment Form:
  CSU 403B Enrollment Form
  
  

  NOTE:  Completed Form is returned to OHR Benefits Office - NOT Fidelity
  
  

RESOURCES

Schedule a One-On-One Meeting
Online Webinar
Resource Flyer
Plan Basics
Summary Plan Description

EDUCATIONAL MATERIALS

CSU Get Me Started Flyer (Spanish)
Cyber Says Personal Recommendations (Spanish)
Protect Your Account Checklist (Spanish)
Latinx Communities Flyer
Black Communities Flyer

ADDITIONAL INFORMATION

Contact Fidelity at 877-278-3699
Visit the CSU Fidelity website