University of North Carolina 403(b) Plan

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Plan information

The University of North Carolina System offers this plan as part of workplace benefits. Now is a great time to understand what is offered - think about taking advantage of any opportunities to save and invest for the future.

Learn what plans allow eligible employees to do.

This plan accepts employee contributions on a pre-tax basis, Roth after-tax basis, or a combination of both up to the IRS limits. You may also be eligible for a catch-up contribution for those individuals age 50 and over as set forth in Section 414(v) of the Code. There is no employer match.
All employees who pay FICA are eligible to participate in the 403(b) supplemental plan on your first day of employment. To take advantage of the 403(b) plan, select “Get Started” in the yellow box below. You will need to fill out and complete the Salary Reduction Agreement.

Contributions to this account will be 100% vested immediately.


Distributions of benefits from the plan shall be made no earlier than: 1) Severance of Employment (including a severance from employment due to death or disability, 2) the calendar year in which the participant attains age 72, 3) financial hardship, 4) the time at which a distribution is specified under a qualified domestic relations order.  In-service distributions are allowable under the following requirements 1) the total amount of the participant’s benefit under the plan does not exceed $5,000 2) the participant has not previously received an in-service distribution and 3) no amounts have been deferred under the Plan with respect to the participant during the two-year period ending on the date of the in-service distribution.

Understanding investment fees

Your financial well-being is TIAA's top priority and we are committed to helping you make informed decisions. Fees should be just one factor in your decision-making process since the lowest cost option may not be the best one for you.

Cost of plan services

Fees and expenses have always been part of a retirement savings plan-some fees are associated with the administration of the plan and may be covered by your employer, while others are paid by you based on the specific investments and services you choose. The following three categories of services are provided to your plan:

1. General record keeping and other plan services

Over the course of a year you pay for services like record keeping.

Many services are necessary for the day-to-day operation of your employer's retirement plan. General administrative services include recordkeeping, legal, accounting, consulting, investment advisory and other plan administration services. Some of these expenses are fixed and other expenses may vary from year to year. These costs are allocated to each participant in a uniform way.

2. Specific investment services
You pay only for what you use.
Each investment offered within the plan charges a fee for managing the investment and for associated services. But you pay only for the investments you actually use and in proportion to the amount of your investment. These fees are not deducted directly from your account; they are paid indirectly through the investment's "expense ratio". The specific expense ratio for each plan designated investment option is listed in your Quarterly Investment UpdateOpens in a new window.

3. Personalized services

You can opt for extra features, like loan services.

Personalized services provide access to a number of plan features and investments that you pay for, only if you use them. The personalized services used most often are:

Retirement Plan Loans
$75.00 per loan initiated for general purpose
$125.00 per loan initiated for a residential loan

$25 annual loan maintenance fee per active loan, assessed Annually

Brokerage account

To learn more about the brokerage service including fees call 800-927-3059 or Get the BasicsOpens in a new window.

TIAA RetirePlus Pro® model service

The TIAA RetirePlus Pro® model service program can help you simplify your decisions by investing your contributions in a pre-determined mix of the plan’s options and/or other Investment vehicles.

There may be annual fees (assessed quarterly) associated with participation in this service.

For more information, please refer to the TIAA RetirePlus Pro Program Model Service Participant Disclosure DocumentOpens in new window.

Qualified Domestic Relations Orders (QDRO)
No additional charge
Sales charges, purchase, withdrawal and redemption fees for certain investments
Certain charges may apply. For additional information, see Quarterly Investment UpdateOpens in a new window.

More information about retirement plan fees and expenses is available at

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