IU Retirement & Savings Plan

More details about this plan

The calendar-year limit on total contributions is the lesser of 100% of your compensation or $70,000 for 2025.

The IRS also limits the maximum annual compensation on which qualified retirement benefits can be calculated. The maximum annual compensation is $350,000 for 2025.

If your job changes, causing you to move between employee classifications—from academic/exempt staff to non-exempt staff or part-time with retirement, or vice versa—you will remain vested, but will be automatically moved to the base retirement plan that matches your new position:

  • For non-exempt staff and part-time with retirement employees: IU Retirement & Savings Plan
  • For academic and exempt staff: IU Retirement Plan

Your balance will stay in the previous plan and fluctuate with the market based on your investments, but no new contributions will be made to that plan.

Required minimum distributions (RMD) at age 72

When you turn age 72, the IRS requires that you begin taking distributions from certain retirement accounts, called a “required minimum distribution” or RMD. You can take this first withdrawal either in the year you turn 72 or wait until April 1 of the next year. If you're still working, you can defer RMDs until after you separate/retire from IU without penalties.

For questions about RMDs, contact Fidelity or the account vendor directly.

Get help with your retirement accounts

IU’s dedicated Fidelity Workplace Financial Consultants are available year-round to help you understand your plans and investment options. Whether you’re just getting started, planning for retirement, or somewhere in between, they’re here to assist you.

Call Fidelity at +1-800-343-0860 or use the online scheduling tool to make an appointment.