- Employee benefits
- Retirement
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Retirement Savings Program
Retirement Savings Program
In addition to your primary (required) retirement benefits, you may need to save additional money to have the standard of living you want in retirement. The voluntary UC Retirement Savings Program offers convenient, tax-advantaged options for building your savings.
UC’s retirement savings plans
- 403(b) Plan — Pretax and new Roth contributions
- 457(b) Plan — Pretax and new Roth contributions
- Defined Contribution Plan — consists of the Pretax Account for mandatory contributions and the After-Tax Account for voluntary contributions and the taxable portion of rollovers from other employer plans.
To learn more about the plans and enroll, visit myUCretirement.com or call 866-682-7787.
Contribution limits
The IRS places limits on how much you can contribute to retirement savings plans each year.
In 2024, you can save up to $23,000 in any combination of pretax or Roth contributions to the 403(b) Plan, plus another $23,000 in pretax or Roth contributions to the 457(b) Plan. That’s a total of $46,000.
Plus, if you are age 50 or older, you can contribute an additional $7,500, which means you can save a total of $30,500 in pretax or Roth contributions to each plan. That’s a total of $61,000.
You may contribute up to $69,000 to this plan in 2024. This limit applies to all annual additions (pretax and after-tax) to the DC Plan, including UC contributions and mandatory employee contributions under the DC Supplement, Savings Choice and Safe Harbor plans. Once the limit is reached, no further contributions of any kind can be made to the DC Plan during the year.
Your total combined annual contributions cannot equal more than 100% of your annual compensation.
Managing your account
UC is the administrator of the Retirement Savings Program and Fidelity Retirement Services provides the record keeping and account services for the Program. Log in to or register your account on NetBenefits.com or call Fidelity Retirement Services at (866) 682-7787 for help with:
- Account information
- Beneficiaries
- Changing or canceling contributions
- Distributions
- Enrolling
- 403(b) loans
- Performance information
- Rollovers
- Transferring funds
Notice: Former employees, including former student employees, who contributed to the Defined Contribution Plan (DC Plan) and 403(b) Plan prior to July 1, 2005, may claim their funds by contacting the Retirement Administration Service Center.
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