New 403(b) Changes for 2015

To All Eligible Participants in the Vanguard University 403(b) Retirement Plan

The IRS has increased the total contribution limits for 403(b) and other retirement plans. The Maximum Employee Elective deferral for 2015 is $18,000 which is an increase of $500. The Employee Catch-Up (for employees age 50 and older) deferral has also increased by $500 to a total of $6,000.

Vanguard University currently matches up to 6% of your salary deferral into the 403(b) Plan:

  • $1.00/$1.00 on the first 2% you elect to contribute into the plan
  • $.50/$1.00 on the next 4% that you elect to contribute into the plan

To reap full benefit, it is best to contribute 6% or more of your compensation. If you contribute less than 6% of your compensation, you will still receive a match however, you are leaving money on the table! For those who are not currently contributing to the plan, you are encouraged to start as matching dollars await your contribution.

There is no “open enrollment” for the retirement plan so if you would like to make changes to your current contribution or enroll in the 403(b) please click here

If you have any questions, please contact Nina Coppersmith.


Human Resources Department
Vanguard University of Southern California