Thank you for considering Fidelity for the UW 403(b) SRP account. The UW 403(b) SRP recordkeeping service providers are Fidelity and TIAA. To get started follow the steps below:
1. Select an investment provider
2. To open an account with Fidelity go to www.NetBenefits.com/UofW or by calling Fidelity at 1-800-343-0860
3. Select investment options, designate beneficiaries and provided necessary contact information.
4. Go to www.Wisconsin.edu/tsa to establish your UW payroll deduction.

Your enrollment becomes effective once you complete these steps. Your contribution will typically begin within two weeks or as soon as administratively possible.

TIAA and Fidelity Investments are independent entities and are not legally affiliated.

You can contribute up to 100% of your salary on a pretax or after-tax Roth basis to the Plan, subject to the annual IRS dollar limit of $23,500 in 2025. If you are age 50 or older in 2025, you can make an additional catch up contribution of up to $7,500 for a total contribution of $31,000.

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 403(b) 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^®.

Vesting indicates the amount of your account balance to which you are currently entitled under the Plan’s rules. You are immediately 100% vested in your contributions plus any returns you earn on your account balance.

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 numerous 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 UW 403(b) SRP 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 Vanguard Target Retirement Fund 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 University of Wisconsin.

If no date of birth or an invalid date of birth is on file at Fidelity, your contributions may be invested in the Vanguard Target Retirement Income Fund. More information about the Vanguard Target Retirement Fund 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.

Although your plan account is intended for the future, you may borrow from your account for any reason. Generally, the UW 403(b) SRP allows you to borrow up to 50% of your vested account balance. The minimum loan amount is $1,000, and a loan must not exceed $50,000. You then pay the money back into your account, plus interest, from your savings or checking account. Any outstanding loan balances over the previous 12 months may reduce the amount you have available to borrow. You may have two loans outstanding at any given time. The cost to initiate a loan is $35.00, and there is a quarterly maintenance fee of $3.75. The initiation and maintenance fees will be deducted directly from your individual plan account. If you fail to repay your loan (based on the original terms of the loan), it will be considered in "default" and treated as a distribution, making it subject to income tax and possibly to a 10% early withdrawal penalty. Defaulted loans may also impact your eligibility to request additional loans. Be sure you understand the Plan guidelines and impact of taking a loan before you initiate a loan from your plan account.

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, 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.

If you have not already selected your beneficiaries, or if you have experienced a life-changing event such as a marriage, divorce, birth of a child, or a death in the family, it’s time to consider your beneficiary designations. Fidelity’s Online Beneficiaries Service, offers a straightforward, convenient process that takes just minutes. To make your elections, click on the “Profile” link, then select “Beneficiaries” and follow the online instructions.

If you wish to consolidate your account assets into the UW 403(b) SRP, please be sure to complete the Transfer/Rollover form at the back of this brochure and return it to Fidelity Investments. Please note that in section 6 an employer signature is not required.

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.

To set up a confidential consultation, you may call Fidelity’s reservation line at 1-800-343-0860 or go online to www.Fidelity.com/Schedule and search University of Wisconsin.

Receiving communication by e-mail offers you greater convenience and will help keep you up to date on topics related to your retirement plan. Log on to Fidelity NetBenefits^® and go to "Your Profile," click on "e-mail address," and enter your personal e-mail address.