Indiana University

University Human Resources

Similarities and Differences of the IU Supplemental Retirement Plans

On this page: Similarities | Differences

Similarities of both plans:

Differences between the plans:

IU 457(b) Retirement Plan IU TDA Plan
IRS Code Section 457(b) plan IRS Code Section 403(b) plan
All IU employees are eligible for this plan regardless of classification and FTE Academic & staff employees appointed at 50% or more FTE and Temporary with Retirement employees are eligible for this plan
Can withdraw funds only upon termination of employment with IU.

Not subject to 10% penalty
Can withdraw funds upon termination of employment with IU or on or after attaining age 59½ while still employed at IU.

10% penalty imposed on distributions prior to age 59 ½
Offers Special Age 62, 63, or 64 catch-up contribution or Age 50 catch-up contributions. Age 50 “catch up” contribution option only
Contributions not limited by the maximum contribution amount (IRS Code Section 415 limit). Contributions limited by the maximum contribution amount (IRS Code Section 415 limit, this includes any contributions made to a SEP IRA). See the plan for details.

IU-approved investment companies are:

TIAA
Fidelity Investments

IU-approved investment companies are:

TIAA
Fidelity Investments