WARNING: If you choose 100%, all your salary – according to Social Security (FICA), insurance premiums and necessary deductions – is sent to your ASD provider, and you will receive a cheque for $0.00. Your UW TSA 403 (b) is reduced in dollars by the contributions you make to one of the following pension plans: other 403 (b), 401 (k) and Federal Thrift Savings Plans (TSP) and SIMPLES IRAS, SIMPLE 401 (k)s, and salary reduction SEP IRAS. The Salary Reduction Agreement (SRA) authorizes the UW to withhold a dollar amount or a percentage of the compensation (salary) from each cheque and send it to the ASD provider you choose. You can continue to repay your credit even if you have terminated your job. You can also start a loan if you are no longer employed by UW System. If you are allowed to withdraw your money from your previous plan, you can deposit it into an account with a UW TSA investment provider. Each UW Tax-Sheltered Annuity (TSA) 403 (b) provider takes on an operating fee when managing your investments. These expenses are deducted from the fund`s assets and have an impact on the fund`s overall performance. Measuring the cost of managing a supplier is called a percentage of effort. In general, the lower the cost rate, the higher the return for you – the investor. Click below for instructions on setting up an account via the EZ registration form, online or via a paper request.
Links to the supplier`s websites, registration forms and salary reduction form can be accessed in the menu below. The UW TSA 403 (b) program offers an inexpensive way to save for retirement. Not all funds are loaded: there are no sales commissions or brokerage fees. There are no university fees. UW TSA suppliers do not have annual taxes. Participants have access to funds with special categories of low-cost shares such as Fidelity K Shares and TIAA and T. Rowe Price Institutionsal-Aktienklassen. Under the UW TSA 403 (b) program you can invest on a tax and/or tax basis (Roth) for Fidelity, TIAA, T. Rowe Price and Lincoln and on a pre-tax basis for Ameriprise. You must print and sign the SRA. Please create a copy for your recordings and send or fax the original to your staff office.
The address and fax number are available on page 2 of the SRA. Ameriprise/RiverSource has consultants for all campuses. To find the nearest location, call 608-819-0500. TSA Counseling Sessions: Providers are always available by phone call or video conference. To make an appointment, click on the Counselling Sessions tab in the Education section to contact your provider, and they will help you through the process. All suppliers are available for one-on-one consultations.