403(b) plan 

Take advantage today

You are immediately eligible to make elective deferrals to the plan and may begin contributing to the plan upon enrollment.

Accessing your money 

Withdrawal restrictions

Your plan was established to encourage long-term savings, so plan-eligible withdrawals prior to age 59½ may be subject to federal restrictions and a 10% federal early withdrawal tax penalty.

Generally, depending on plan provisions, you may withdraw your vested account balance if you meet one of the following requirements:

• Reaching age 59½
• Retirement or severance from employment
• Your death or total disability

The following are events upon which you may withdraw vested amounts without incurring a 10% federal early withdrawal tax penalty:

• Reaching age 59½
• Severance from employment on or after age 55
• Your death or total disability
• Taking substantially equal payments for a period of five years or upon reaching age 59½, whichever is later

Tax-free loans

Tax-free loans make it possible for you to access your account, subject to certain limitations, without permanently reducing your account balance. Defaulted loan amounts (not repaid on time) will be taxed as ordinary income and may be subject to a 10% federal early withdrawal tax penalty if you are under age 59½.