The University Benefits Department has recently added a statement to the 403(b) salary reduction agreement and we are requesting that all 403(b) participants complete a new 403(b) salary reduction agreement. The purpose of the statement is to comply with IRS Code Section 415(c) contribution limits. The new statement asks 403(b) retirement plan participants to confirm that a plan participant does not have more than 50% ownership interest in a business outside the University of Nebraska, which contributes to a retirement plan on the participant’s behalf. If a participant does have more than 50% ownership in an entity and retirement contributions are being made on their behalf, the participant should contact their campus benefits office to ensure that the IRS contribution limits are not exceeded. If interested, please see the IRS website for information about Section 415.
Each current and new 403(b) retirement plan participant will need to complete the new 403(b) salary reduction agreement that includes an attestation to this statement. To simplify this process we have created a pre-populated form with your current 403(b) retirement plan elections and placed your individual form in Firefly – Employee Self Service. To start the process click on the tile named 403(b) Retirement Plan Certification in Firefly – Employee Self Service. Need help accessing and completing the new form?
Some users have reported that clicking the 403(b) Retirement Plan Certification tile in Firefly yields no results; the application doesn’t open and three dots display on the tile. If you encounter this, please follow these steps as a temporary workaround:
- Click the 403(b) Retirement Plan Certification tile (the three dots will appear).
- Return to the ESS main screen by using the back arrow.
- Press the F5 function key on your keyboard.
- Click the 403(b) Retirement Plan Certification tile again. The application will open.
Please complete this new form by Wednesday, July 31, 2019. If you would like to make changes to your contribution amounts or change your vendor, a new 403(b) form can be completed and returned to your campus benefits office. Please let your campus benefits office know if you have any questions or need assistance with the process.
If you have any questions, please contact the UNO Benefits Office at 402.554.3660.
About the University of Nebraska at Omaha
Located in one of America’s best cities to live, work and learn, the University of Nebraska at Omaha (UNO) is Nebraska’s premier metropolitan university. With more than 15,000 students enrolled in 200-plus programs of study, UNO is recognized nationally for its online education, graduate education, military friendliness and community engagement efforts. Founded in 1908, UNO has served learners of all backgrounds for more than 100 years and is dedicated to another century of excellence both in the classroom and in the community.