403(b) Retirement Plan (pre-tax and after tax options)
The Voluntary Retirement Plan offers benefits-eligible employees the opportunity to invest through payroll deduction with a retirement provider approved by the Kansas Board of Regents (KBOR). Annual limits are established by the IRS and include a base limit, an additional amount for employees who are age 50 or above and, an amount available to employees with at least 15 years of service at K-State who qualify for a higher annual limit.
Contributions may be pre-tax, after tax, or a combination of pre-tax and after tax to the maximum allowed by the IRS.
When Eligible: Benefits-eligible employees may begin contributing to a KBOR voluntary 403(b) plan on the first day of employment.
Who Pays: The employee contributes through payroll deduction up to the applicable maximum according to IRS regulations.
- List of Kansas Board of Regents Authorized Tax Deferred Annuity Companies
- Special Tax Notice Regarding Your Tax-Sheltered Annuity
- Investment Agreement- Voluntary Pre-Tax Retirement Plan (PER-19)
- Investment Agreement- Voluntary Roth After-Tax Retirement Plan (PER-19R)
Contributions to these plans are made by payroll deduction for the employee with no matching contribution by K-State.