CSU 403(b) Supplemental Retirement Plan

Overview

The California State University 403(b) Supplemental Retirement Plan (SRP) is a voluntary program that allows eligible CSU employees to save toward retirement by contributing to tax-deferred investments. SRP contributions are made solely by the employee through payroll deductions, prior to federal and state taxes being calculated. In order for eligible employees to take advantage of the tax savings via payroll deduction, a 403(b) account must be established with Fidelity, the SRP record-keeper.

Click here to watch the Fidelity 403(b) Overview Video

ATTEND AN UPCOMING ASK FIDELITY WORKSHOP

Program Details

  • Eligible employee​s may have their contributions automatically deducted from their paycheck.
  • You can contribute a portion of your compensation as pre-tax elective deferrals or after-tax Roth contributions.
  • Eligible employees can defer a minimum of $15 a month and a maximum pre-tax/post-tax of $23,000 annually for 2024.
  • Complementary Fidelity Retirement Planner Consultations, a Brokerage Link, and a Portfolio Advisory Services are some of the Program features. 

 

Enrollment Information

Employees may access enrollment, deferral, and investment information at Fidelity NetBenefits.

o Enrollment Instructions

o Supplemental Retirement Plan Flyer

 

Transaction Information

Transfers - On-line at Fidelity NetBenefits, call 800-343-0860, or schedule a face-to-face meeting.

Contribution ​Elections Change -  On-line at Fidelity NetBenefits or call 800-343-0860. Changes must be complete before 9PM on the 5th of each month. 

Investment Election Change - On-line at Fidelity NetBenefits​​

Other SRP Transactions​ 

 

More details can be found on CSYOU SRP Program Page

 

SRP enrollments and deferral changes are designated by employees via Fidelity NetBenefits, an online process through Fidelity, the record-keeper for the SRP program.  All monthly salary reduction changes (stop, start, increase and/or decrease) and fund investment selections are managed by the employee via Fidelity NetBenefits. The minimum monthly deduction amount is $15 per month.

 

Eligibility

All employees are eligible to participate in the 403(b) program, including rehired annuitants (regardless of age).