Supplemental Retirement Savings Plans
There are two supplemental tax-deferred retirement savings plans available to ISU employees: the 403(b) plan and the 457 plan.
403(b)
A 403(b) plan is a tax-deferred retirement plan available to employees of public universities. Contributions grow tax-deferred until withdrawal, at which time the money is taxed as ordinary income. Illinois State University offers 403(b) plans through two vendors, Fidelity and TIAA-CREF.
If you are enrolling for the first time, please select one or both vendors and contact them for an enrollment kit. Once you have established an account with one or both vendors, you will need to complete the ISU Payroll Deduction Agreement
If you are already enrolled with one or both 403(b) vendors and you wish to make a change in the amount being deducted, you will need to log in to iPeople, select Self Service>Benefits Summary>403(b). There you will be able to change the percent you are contributing. If you are wishing to stop your contributions for a time, please enter a zero in that field.
Fidelity Investments
- Fidelity General Information
- For an enrollment packet please call 800-343-0860
- Fidelity Representative: Brook Cox
- Phone – 630-864-8646
- Email – brook.cox@fmr.com
TIAA-CREF
- TIAA-CREF General Information
- Online Enrollment
- Or for an enrollment packet please call 800-842-2888
- TIAA-CREF Representative: Patrick Windle
- Phone – 312-345-5666
- Email – pwindle@tiaa-cref.org
457 Deferred Compensation Plan
The State of Illinois Employees' Deferred Compensation Plan is a supplemental tax-deferred retirement plan for state employees. Once distribution begins, the distributed monies are fully taxable as ordinary income for federal tax purposes. The funds are never taxed by the State of Illinois.
