Roth 403(b) Program

Virginia Tech employees are eligible to participate in the university's Deferred Savings Program for retirement through after-tax contributions, known as Roth contributions. The Roth 403(b) program is an opportunity for employees to invest in after-tax savings and can be an integral part of longer term financial and/or retirement planning. Contributions made through the Roth 403(b) plan are made with after-tax income.

The Internal Revenue Service (IRS) limits the annual contributions employees can make to a 403(b) plan. The 2017 limits are:

  • Under age 50: $18,000
  • Age 50 or older: $24,000

Individuals with 15 years or more of service may also be eligible for an additional $3,000 catch up per year not to exceed $15,000 in a lifetime. Employees should talk with their plan vendor to determine if they are eligible for the catch up program.

The annual limit for 403(b) contributions is a combined limit. This limit applies whether 403(b) contributions are made pre-tax (under the 403(b) Tax Deferred Savings Plan), after-tax (as Roth contributions) or a combination of both.

The following companies are approved vendors:

Company Contact
Enrollment Instructions
TIAA 1-800-842-2733
www.tiaa.org/public/tcm/vt
PDF
Fidelity Investments 1-800-343-0860
https://nb.fidelity.com/public/nb/atwork/home
PDF