Eligible employees may defer taxes on a portion of their earnings by investing their deferred salary in a qualified tax sheltered annuity. The deferred income is not subject to current state and federal income taxes; funds are taxed in the year in which they are received. Please view the Universal Availability Notice for information on eligibility, contribution limits, and available transactions under the 403(b) plan.
How to enroll:
Ready to enroll? Step by step instructions can be found in the Savings Made Easy brochure, or by doing the following:
Visit the NetBenefits Website or call 1-877-278-3699.
You will be asked to create a Username, Password, and set up security questions for your account. Once you are registered, please specify your monthly contribution amount and choose which investments you would like. If you do not specify any investment choice, your contributions will be directed to the Plan's default investment option, one of the Vanguard Target Retirement Funds (based on the year of your birth).
Allow a month for your request to be processed. Verify that your contribution came out of your paycheck. Enrollments/Changes made on or before the 5th of the month should appear on that month's paycheck. Enrollments/Changes made after the 5th of the month will not appear until the following month's paycheck. If you are having issues, please contact Fidelity at 1-877-278-3699 or CSUMB Human Resources/Benefits at x4426.
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How to Make Changes to your 403(b) Plan:
- Once you have registered on the NetBenefits website, you may log in using your username and password.
- Specify your monthly contribution amount and click submit. Allow a month for your request to be processed. Verify that your contribution came out of your paycheck.
- Enrollments/Changes made on or before the 5th of the month should appear on that month's paycheck. Enrollments/Changes made after the 5th of the month will not appear until the following month's paycheck.
- Any changes to how your contribution is allocated need to be made through the NetBenefits website.
How to Transfer Balances:
If you have balances with MetLife, TIAA, VALIC, VOYA or other legacy fund sponsor, and would like to transfer your 403(b) account, contact Fidelity for information and guidance.
- Online at Fidelity NetBenefits
- Call directly for support at 1-877-278-3699
- Schedule a face-to-face meeting with a Retirement Planner or contact the Benefits Program Specialist at x4426.
Loan and Hardship Withdrawals:
Participants can have one outstanding loan at any time with Fidelity or from an existing CSU 403(b) account with one of the following legacy vendors, TIAA, VALIC, Ameriprise, AXA Equitable, Lincoln and National Life Group.
- Minimum loan amount is $1,000.
- If an employee has defaulted on any prior CSU 403(b) SRP loan, a new loan will not be permissible.
- Retired and separated employees are not eligible to take a loan.
Processes Needing Chancellor's Office Signatures:
The following paperwork for active employees must continue to be forwarded to the Chancellor's Office:
- Distribution Requests from employees who have reached age 59 ½ (does not include hardship withdrawals)
- Rollover Requests to IRA Account(s) from employees who have reached age 59
- CalPERS Service Credit Purchase "Plan to Plan Transfer and Direct Rollover" form
Please note: CSU Retirees or separated employees must still have paperwork for the following transactions sent to the Chancellor's Office for employer signature:
- Rollover to an IRA
- Contract exchange to only one of the five current CSU fund sponsors
- Distribution request
- Loans and Hardship Withdrawals are frozen
Those employees needing the Chancellor's Office signature will need to send their paperwork with a self-addressed, stamped envelope to the following address:
Office of the Chancellor, California State University
Attn: Systemwide Benefits
401 Golden Shore
Long Beach, CA 90802
Their goal is to turn around documents requiring employer signatures in ten (10) business days. For your records, please make a copy of your documents prior to sending. For the latest 403(b)SRP information, please visit the CSYou Benefits. Should you experience any difficulties in this process, please contact HR-Benefits at (831) 582-4426.
