Supplemental Retirement Plans
LSU offers multiple options to help employees save for the future. The supplemental retirement program includes 403(b), Roth 403(b), 457(b) and Roth 457(b). Employees may make contributions on an after-tax basis under the Roth plans, on a pre-tax basis under the 403(b) and 457(b) plans, or a combination of the two. Please take a moment to review the benefits of a supplemental retirement account and which plan will best help you plan for retirement.
Enrolling and/or Inquiries
For employees who are interested in opening a 403 (b) Supplemental Retirement Account,
please visit Retirement Manager. For a 457(b) supplemental retirement account, contact Reggie Wheeler at email@example.com, 225-663-5506 or complete the Participant Flyer and return to the listed address/email for more information. Current participants
can make deferral changes online here.
Please remember, investing in a 403(b) and/or 457(b) supplemental retirement account is not free. Each vendor (company) charges fees, such as record-keeping and in some cases, fees for distribution-related expenses in addition to expenses and fees based on your investment allocation. As a new enrollee in one of these plans, it is up to you to compare and consider the benefits offered by each vendor. New and current participants should confirm all costs associated with their investments, as well as any charges and restrictions associated with your existing contract before requesting a transfer for current participants.
Things You Should Do as a New Enrollee or Current Participant
Retirement Manager allows employees participating in a 403(b), and Roth 403(b) access to their accounts in a convenient, secure, Web-base anytime and anywhere, 24 hours a day, seven days a week. Simply go to www.myretirementmanager.com/myrm/?lsubrpaid.
Application access includes:
- Learn more about your retirement savings plan(s)
- View aggregate balance information across all active, and legacy 403(b) investment providers
- Request a Distribution Eligibility Certificate for the following transactions:
- Hardship Withdrawal
- In-Service Exchange
- Read educational articles on a range of financial planning topics
- Calculate what you will need to stay on track for retirement with easy-to-use financial calculators
- Start or change contribution amounts
- Request a Distribution Eligibility Certificate for:
- Severance from Employment
The participant support line is available Monday through Friday (excluding holidays) from 7:00AM to 6:00PM Central time.
Retirement Manager Support Line: 1-866-294-7950
|Annual Maximum Deferral Amount||$18,000|
|Annual Maximum Deferral Amount for participants age 50 and older||$24,000|
Maximum contributions to both a 403(b) and 457(b) account can be made at the same time.
Employees may switch supplemental retirement account vendors at any point during the year.
LSU cannot guarantee the success of the SRA products or the level of service and we urge you to fully review the product before you participate.