Employees may set aside supplemental retirement savings via salary reductions with the deferred compensation program, which includes 401(k), 401(k) Roth, 403(b) and 457 plans.

All employees hired after June 30, 2014, and who are participating in a retirement plan are auto-enrolled in a 401(k) plan with a contribution at 2 percent of base pay. Employees can opt out of the auto-enrollment feature, but UT matches contributions up to $50.


Overview of Plans:

401(k) and Roth 401(k)

Under the Roth 401(k), UT’s matching contribution will go into the traditional 401(k). The advantage of the Roth is that while you pay taxes on the money today, you do not pay taxes when you withdraw the funds and you don’t pay taxes on the growth of the funds either.  Empower Retirement website.
IRS Limits on Deferred Compensation  – Catch-ups available for members age 50 or older in the current calendar year.

457 Plan

This plan operates similarly to a 401(k) or 403(b), only there is not a 10 percent penalty for withdrawal.  Empower Retirement website.
IRS Limits on Deferred Compensation – Catch-ups available for members age 50 or older in the current calendar year.
457 Special Catch-Up


This plan offers the greatest amount of investment choices and is excellent for the investor who likes to choose from a variety of financial products.
IRS Limits on Deferred Compensation available for members age 50 or older in the current calendar year.
403(b) 15-year Catch-Up rule

403(b) Providers:

AIG (Previously known as VALIC)

Plan# 02138

100 Ashford Center North, Suite 100
Atlanta, GA  37338800-426-3753
Corey Adkins
Arie Buer
Andrew C. Craft, M.S., CFP®, ChFC®


Ameriprise Financial

Plan# 113650

 2923 Ameriprise Financial Center
Minneapolis, MN  55474
Fidelity Investments

Plan# 50232

 82 Devonshire Street, M31
Boston, MA  02109
 800-343-0860 Jeff Givens, CFP®
Workplace Planning and
Phone: 865-315-4122
Fax: 859-392-6600

Plan # 102587

730 Third Avenue
New York, NY  10017
VOYA (Previously known as ING)

Plan# VT0057





Helpful Resources


Enrollment, Changes and Termination

401(k) and 457 Plans


Enrollment in and changes to 401(k) and 457 deferred compensation plans can be made through the Empower Retirement website.

To access the site without a PIN, call KeyTalk® at 1-800-922-7772 to speak to a customer service representative. Hours of operation are 8 a.m. to 7 p.m. Central Time, Monday through Friday.

Once you have logged in, go to the “Transactions” menu and select “Change Paycheck Contribution.”

If you’d like help making changes, call KeyTalk® at 1-800-922-7772 to speak with a representative.


403(b) Plan

To enroll in a 403(b) plan, contact your company of choice and request a 403(b) enrollment form to complete and include with the New/Change 403b Form being submitted to the UT Office of Benefits and Retirement.

To change your 403(b) investment allocations or terminate your plan, please contact your 403(b) provider (see list of providers above).