Tax Deferred Annuities - 403(b) Enroll Info

Saving for Your Retirement Saving for Your Retirement

Alternate Pension Plan
Faculty, staff, and employee information for an alternate pension plan at Ball State University.

Deferred Compensation - 457(b)
Information for the 457(b) plan, a Pre-Tax way for employees to save money toward their retirement available to faculaty, staff, and employees of Ball State University.

Health Care Plans/Deductions
Health Care Plan deductions withdrawn from your paycheck

Pension
Pension

Tax Deferred Annuity - 403(b)
Employee elects an annual or per pay amount to contribute to a TDA within IRS guidelines from one of 6 companies

Tax Deferred Annuities - 403(b) Enroll Info

Description – A 403(b) plan is a Pre-Tax (Federal, State and Local taxes are delayed) way for employees to save money toward their retirement. They may choose from 6 companies and a multitude of investment options. The amount that can be saved in this manner is limited by the IRS and may change from year to year. Please see our 403(b) Plan Chart below for the current limits.

IRS Guidelines

YEAR

402 (g) Limit

Age 50 Catch-up

15 Year Catch-up

2004

$13,000

$3,000

Amounts available

2005

$14,000

$4,000

upon request.

2006

$15,000

$5,000

Cont.

Increased

500/yr.

Enrollment – If you wish to enroll in the 403(b) plan, you will need to come into the Payroll and Employee Benefits Office to complete the proper enrollment form.