Supplemental Retirement Plans

As a full-time or part-time Miami employee, you are eligible to participate in the University's Supplemental Retirement Benefit Program, which includes three plans available to employees of public educational institutions: 403(b), 457, and Roth 403(b).

Full-time employees can contribute to supplemental plans in addition to the Alternative Retirement Plan (ARP).

Pre-tax Plans

The 403(b) plan is a salary reduction plan for which contributions and investment earnings grow tax-deferred until you withdraw funds (at which time they are taxed as ordinary income). Because your contributions to these plans are withdrawn pre-tax, contributions lower your taxable income and increase your retirement savings while you are working. Your pre-tax contributions are completed via payroll deduction. You can manage your account via the Retirement@Work online portal.

Employees considering contributing to a 403(b) plan are encouraged to evaluate each vendor's information, annual reports, fee disclosures, and objectives to determine what they have to offer. You may also consult with a financial expert, if you feel the need.

Investment options are selected and monitored by the Miami University Retirement Advisory Committee and Cammack, its independent investment consultant.

The Ohio Deferred Compensation (ODC) 457 retirement plan is available for all Ohio public employees and is one of the largest 457(b) plans in the country.

The Program is unique that it is a public, non-profit organization created by Ohio legislation. Investment options are selected and monitored by a 13-member Board, composed of public employees, retirees, and appointed investment experts, governs the Program as required by Ohio Revised Code Chapter 148.  External managers professionally manage Ohio DC’s investment options. Investment options are selected and monitored by the Board and its independent investment consultant.

Contact Tom Bugher at 513-829-6499 or the main ODC office at 877-644-6457 for plan enrollment and changes.

Post-tax Plan

The Roth 403(b) is a salary reduction plan for which contributions are made post-tax. Although these accounts do not affect your taxable income while you are working, the earnings you withdraw at retirement are tax-free.

Employees considering contributing to a Roth plan are encouraged to evaluate each vendor's information, annual reports, fee disclosures, and objectives to determine what they have to offer. You may also consult with a financial expert, if you feel the need.

Investment options are selected and monitored by the Miami University Retirement Advisory Plan Committee and Cammack, its independent investment consultant.

Approved Vendors

Miami University has approved the following vendors to offer Supplemental Retirement Plans. Select the company name for contact information.

AXA

Glynnis Reinhart, 513-762-7734, Glynnis.reinhart@axa-advisors.com

Carol Rodgers-Rivir, 859-630-2226, Carol.rodgers@axa-advisors.com

Marc Wagner, 513-762-7725, mwagner@midwestfp.com

Website:  https://us.axa.com/home.html

TIAA

Laura Maxwell, 513-263-2825, lmaxwell@tiaa.org

Website: https://www.tiaa.org/public/tcm/muohio

AIG Retirement Services

Dean Koller, 614-980-9271 (cell) Dean.Koller@aig.com

William Whiteley, IV, 513-404-9212 (cell) william.whiteley@aig.com

Website: www.aig.com/RetirementServices

Voya Financial Advisors

Matt Carter, 937-353-5480, 800-451-4702 x4025480, Matthew.carter@voyafa.com

Derek Stiles, 937-353-5472, 800-451-4702 x4025472, derek.stiles@voyafa.com

Jeff Rankin, CFS, 937-353-5492, 800-451-4702 x4025492, JeffreyRankin@voyafa.com

Website: https://www.tiaa.org/public/tcm/muohio

Ohio Deferred Compensation (457 Plan)

Tom Bugher, CRC, ChFC, 513-829-6499, main office: 877-644-6457

 

 

Annual Limits

Regular Deferral Limit: $19,500
Age 50+ Deferral Limit: $26,000

Electing Your Investments

Use these guides and your vendor advisor to help you make your investment elections.

Comparison of Plan Providers
Comparable Fund Illustration-Lincoln
AIG Fund-Mapping Guide
AXA Fund-Mapping Guide
TIAA Fund-Mapping Guide
VOYA Fund-Mapping Guide