There is no waiting period. Both full- and part-time employees can enroll in the Plan at any time.

You can enroll online at any time. If you are enrolling in the plan, please complete a Salary Reduction Agreement (SRA) to elect your contribution amount. Remember, this form must be submitted before any contributions can be deducted from your pay. Completed SRAs must be turned in to Payroll and Employee Benefits.

Your enrollment becomes effective once you elect a deferral percentage, which initiates deduction of your contributions from your pay. In general, your election will become effective on the first day of the month following our receipt of your Salary Reduction Agreement, or as soon thereafter as is administratively possible.

You can contribute between 0% and 100% of your eligible pay, up to the annual IRS dollar limits. Please contact the Auburn University Payroll & Employee Benefits Office to determine if you are allowed to contribute more than 50% of your salary to the Plan.

A Roth contribution to your retirement savings plan allows you to make after-tax contributions and take any associated earnings completely tax free at retirement - as long as the distribution is a qualified one. A qualified distribution, in this case, is one that is taken at least five tax years after your first Roth contribution and after you have attained age 59½, or become disabled or die. Through automatic payroll deduction, you may contribute between 1% and 100% of your eligible compensation as designated Roth contributions, up to the annual IRS dollar limits.

Find more information online within the "Plan & Learn" drop down and "Learn" section of NetBenefits^®.

If you have reached age 50 or will reach 50 during the calendar year January 1 – December 31 and are making the maximum plan or IRS contribution, you may make an additional catch-up contribution each pay period. The maximum annual catch-up contribution is $7,500. Going forward, catch-up contribution limits will be subject to cost-of-living adjustments (COLAs) in $500 increments.

The IRS contribution limit for 2025 is $23,500.

If you are a Class A Employee and make an elective deferral, Auburn University will match 100% of your contribution up to 5% of your compensation. Total Plan Year (calendar year) matching contribution cannot exceed $1,650.

You are always 100% vested in your own contributions to the Auburn University Retirement 403(b) Plan, as well as any earnings on them. If you are a Class A Employee, your interest in your matching contribution account will vest based on your continuous years of service in accordance with the following schedule:

Continuous Years of Service	Vesting Percentage
Less than five years	0%
Five or more years	100%

If you have questions, please contact the Payroll and Employee Benefits Office to accurately determine your vesting status.

To help you meet your investment goals, the Plan offers you a range of options. You can select a mix of investment options that best suits your goals, time horizon, and risk tolerance. The many investment options available through the Plan include conservative, moderately conservative, and aggressive funds. A complete description of the Plan’s investment options and their performance, as well as planning tools to help you choose an appropriate mix, are available online.

We encourage you to take an active role in the Auburn University Retirement 403(b) Plan and choose investment options that best suit your goals, time horizon, and risk tolerance. If you do not select specific investment options in the Plan, your contributions will be invested in the Fidelity Freedom^® Fund Class K6 with the target retirement date closest to the year you might retire, based on your current age and assuming a retirement age of 65, at the direction of Auburn University.

If no date of birth or an invalid date of birth is on file at Fidelity, your contributions may be invested in the Fidelity Freedom^® Income Fund Class K6. More information about the Fidelity Freedom^® Fund Class K6 options can be found online.

Target Date Funds are an asset mix of stocks, bonds and other investments that automatically becomes more conservative as the fund approaches its target retirement date and beyond. Principal invested is not guaranteed.

Fidelity’s online planning tools are designed to help you manage your assets as you plan for retirement.

Although your plan account is intended for the future, you may borrow from your account for any reason.

Learn more about and/or request a loan online, or by calling the Fidelity Retirement Benefits Line at 1-800-343-0860.

Withdrawals from the Plan are generally permitted when you terminate your employment, retire, reach age 59½, become permanently disabled, or have a severe financial hardship, as defined by your plan.

Learn more about and/or request a withdrawal online, or by calling the Fidelity Retirement Benefits Line at 1-800-343-0860.

You are permitted to roll over eligible pretax and after-tax contributions from another 401(k) plan, Roth 401(k) plan, 401(a) plan, 403(b) plan, Roth 403(b) plan, a governmental 457(b) retirement plan, or a Roth 457(b) retirement plan account or eligible pretax contributions from another conduit individual retirement accounts (IRAs). A conduit IRA is one that contains only money rolled over from an employer-sponsored retirement plan that has not been mixed with regular IRA contributions.

Additional information can be obtained online, or by calling the Fidelity Retirement Benefits Line at 1-800-343-0860.

Be sure to consider all your available options and the applicable fees and features of each before moving your retirement assets.