UNC Code Section 403(b) Program

The University of North Carolina sponsors a system-wide voluntary 403(b) retirement program. TIAA and Fidelity are the only approved vendors and provide a wide range of services and investment options. Agreements are in place with VALIC, Lincoln Financial, Horace Mann, and ING that limit these vendors to offering loans and hardship withdrawal transactions under the system-wide 403(b) plan.

Please note: An aggregation of 403(b) and 401(k) plan contributions must be made if you participate in more than one supplemental plan during a calendar year. For example, if you contribute to the 401(k) plan in addition to the 403(b) plan, the combined amount of the contribution to both plans cannot exceed the elective deferral plan limit each year. The age 50 catch-up is also a combined amount between the 401(k) and 403(b) programs. Contributions to a 457(b) deferred compensation plan are not aggregated with 403(b) or 401(k) plan limits.