IU 457(b) Retirement Plan

IU TDA Plan 403(b)

Eligibility and general plan details

Eligibility

All IU employees

  • Academic and staff employees (including IU residents) appointed at 50% or more FTE
  • Part-time with retirement employees

Vesting

Immediate 100% vesting

Annual recordkeeping fee

$45

$28

Contributions

Pre-tax and Roth (after-tax) contributions

Yes

Contribution methods

Flat-dollar or percentage of pay

Employee contributions

  • Up to $23,500 for 2025.
  • Additional $7,500 if age 50+.
  • Some participants may be eligible to contribute up to an additional $23,500 for 2025 at age 62, 63, 64.

(IRC 457(b) limit – includes employer and your contributions to all 457(b) plans combined).

  • Up to $23,500 for 2025.
  • Additional $7,500 if age 50+.

(IRC 402(g) limit – includes your contributions to certain 403(b), 401(k), and SARSEP plans combined).

Age 50+ catch-up contributions

$7,500 for 2025

Age 62, 63, 64 special catch-up contributions

Some participants may be eligible to contribute up to an additional $23,500 for 2025 at age 62, 63, 64.

No

Contribution limit

Total of employer and your contributions to all 457(b) plans cannot exceed $23,500 for 2025 (plus applicable catch-up amounts).

(IRC 457(b) limit – includes all contributions to 457(b) plans combined).

Total of employer and your contributions cannot exceed lesser of your annual compensation or $70,000 for 2025.

(IRC 415(c) limit – includes all contributions to certain 403(b), 401(a), SEP, and 401(k) plans combined).

Rollovers

Yes

Distributions and withdrawals

Hardship distributions

No

Loans

Yes

Distributions
(withdrawals)

Upon separation of employment or at age 59½ while still employed by IU.

Early withdrawal penalty

No

10% penalty on distributions prior to age 59½.

Required minimum distributions (RMD)

Yes