The UW 403(b) Supplemental Retirement Program (SRP), formerly the UW Tax-Sheltered Annuity (TSA) 403(b) Program, offers all UW System employees the tax-advantaged opportunity to invest a portion of your income to help prepare for a secure financial future. The UW 403(b) SRP is unique, because it’s managed by the UW System and an advisory committee (The SRP Advisory Committee (SRPAC), formerly the TSA Review Committee) specifically for UW System employees. Currently, the program is under review for updates and enhancements with the following goals in mind:

  • Offering leading provider(s)
  • Providing proven investment options
  • Communicating with participants in a simple and engaging manner

As a part of this process, UW System and TSA Review Committee teams reviewed the program, including current providers and investment options, with an eye to cost-effectiveness, simplification and ease of use for our participants. UW System’s goal is to make it easy to enroll, select investments, and monitor investment performance on an ongoing basis.

The UW System team is committed to sharing more throughout this review process and as decisions are made over the coming year. UW System’s objective is to be transparent and informative, with regular communications to participants and the UW System community as a whole. We will be sending out communications from time to time, but this website will serve as an ongoing communication tool that will be regularly updated with information as it is available. Please bookmark this site and check back to stay updated on our progress.

Note: No action is needed at this time.

Program Changes

Program Name

A part of the program review was to determine if UW Tax-Sheltered Annuity (TSA) 403(b) Program was still an appropriate name for the program or if there were better options. After consulting with a wide range of stakeholder groups and discussion with a focus group of UW System employees, including shared governance representatives, the TSA Review Committee decided to change the name to the UW 403(b) Supplemental Retirement Program, or UW 403(b) SRP for short. You will notice changes to applicable web pages and some materials in the coming months.

Recordkeepers

After completing a request for proposal (RFP), the TSA Review Committee Recordkeeping Review Subcommittee worked through the process of choosing a new recordkeeper or recordkeepers. The new recordkeepers for the UW 403(b) Supplemental Retirement Program (UW 403(b) SRP) are TIAA and Fidelity.

Investment Line-up

As a part of this process, UW System and the TSA Review Committee reviewed the investment options and chose 18 best-in-class options that will be available through TIAA and Fidelity, along with a Guaranteed Fixed Rate Annuity for each provider. Participants can also choose to work through a self-directed brokerage window.

Town Halls

Join us for an overview of the upcoming changes and what actions you may want to take.

Note: Each session is hosted through WebEx and will be an hour in length. Participants can join through the link below up to 5 minutes ahead of the time noted.

Helpful Hint: Copy the link and password above and insert it into your calendar for the date and time listed.

FAQs

If you have a specific question, check out the FAQs about the program and upcoming changes to see if an answer is already available.

Communications

We understand that emails can get overlooked or lost in junk mail. As communications are available, you can find them here.

Timeline

If you’re experiencing trouble viewing the timeline below, you can view it in this PDF version as well:

Date Event
September 17, 2021 Town Hall – 12:00pm CST
Topics: Upcoming changes and what you need to know during Annual Benefits Enrollment (ABE).
September 20, 2021 (week of) Communication will be sent out to active and terminated T. Rowe Price, Ameriprise, and Lincoln participants.
September 27, 2021 Email will be sent to active participants in the 403(b) Program from UW System.
September 27 – October 22, 2021 Open Enrollment (Annual Benefits Enrollment)
End of September – Early October Fidelity will send Transition Guide to current Fidelity, T. Rowe Price, Ameriprise, and Lincoln participants.
October 26, 2021 Town Hall – 2:00pm CST
Topics: Investment Line-up and How to Choose Your Investments
November 1, 2021 Investment Options Window Opens for Fidelity and TIAA participants
November 15, 2021 Town Hall – 11:00am CST
Topic: Reminders of Upcoming Dates and Deadlines
December 10, 2021 Final Day for T. Rowe Price participants who are currently contributing to submit a Salary Reduction Agreement or EZ Enrollment to have their future contributions and existing account balance automatically moved to Fidelity.

Final Day for T. Rowe Price participants who are not currently contributing to notify Fidelity to move their existing account balance to Fidelity, effective January 2022. Call Fidelity at 800-343-0860.

Participants who do not take action by December 10, 2021 will be moved to TIAA.

TBD Black out period for T. Rowe Price participants moving to Fidelity.
TBD Existing account balances will transfer and be mapped to new investments in the Fidelity recordkeeping platform for the following participants:

  • Fidelity participants
  • T. Rowe Price participants who elected Fidelity during ABE or via form
TBD Black out period for T. Rowe Price participants moving to TIAA.
TBD Existing mutual fund account balances will transfer and be mapped to new investments in the TIAA recordkeeping platform for the following participants:

  • TIAA participants
  • T. Rowe Price participants who elected TIAA during ABE or via form
  • T. Rowe Price participants who took no action prior to communicated deadlines were defaulted to TIAA
January 13, 2022 First paycheck with contributions to new provider and/or investment elections.

 

Program Information

What is the UW 403(b) SRP?

The UW 403(b) Supplemental Retirement Program (SRP), formerly the UW Tax-Sheltered Annuity (TSA) 403(b) Program, allows employees the opportunity to invest a portion of their income for retirement on either a before-tax basis, an after-tax (Roth) basis, or a combination of both. Participation in the UW 403(b) SRP is voluntary with employees making the entire contribution.

Learn More

What is the SRPAC?

The SRP Advisory Committee (SRPAC), formerly the TSA Review Committee (TSARC), is a nine-member committee consisting of faculty, academic, and university staff that provides oversight of the program and advice on program issues.

Learn more about the SRP Advisory Committee here.

Learn More

Updated: 09/15/2021