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The Bulldog - For the SWOSU Family

403(b) Plan of the Regional University System of Okahoma

Universal Availability Notice 2019

Southwestern Oklahoma State University offers our eligible employees the opportunity to save for retirement by participating in the 403(b) plan of the Regional University System of Oklahoma.

You may want to take this opportunity to either (1) begin making pre-tax 403(b) deferral contributions and/or Roth (after-tax) 403(b) deferral contributions or (2) review your current elections and decide if you want to make changes. Before making any initial elections or changes, be sure to consult the written plan and any other materials provided to you that explain the terms of the plan. Plan information can be found at www.OK2Retire.com.

Not yet contributing to the 403(b) plan? Great news!  You have an opportunity to save for retirement.

Start contributing with either pre-tax 403(b) deferral contributions and/or Roth (after-tax) 403(b) deferral contributions. You can enroll at www.OK2Retire.com. Just click on Plan Information and then click Enrollment. To increase or decrease your deferral amount log into your participant account or call VOYA customer service at 1-800-584-6001. Deferral amounts may be changed as often as monthly. Our local Voya representative is Paul Smith and he can be contacted at 918-746-4713 or paul@covenantok.com.

Already contributing to the 403(b) plan?  Great news!  You have an opportunity to increase your contributions to the 403(b) plan.

If you are already contributing to the 403(b) plan, you may be able to increase your pre-tax or Roth (after-tax) contributions. Log into your participant account at www.OK2Retire.com or call VOYA customer service at 1-800-584-6001 to increase or decrease your deferral amount. Deferral amounts may be changed as often as monthly.

May I change or stop my elective deferral contributions?

You may change your elective deferral contributions at any time during the plan year. You are also permitted to stop your election at any time during the plan year.  Deferral amounts may be changed as often as monthly.

When are my elective deferral contributions effective?

After completing the enrollment requirements, your elective deferral contributions will begin on the next pay period or as soon as administratively possible. When you change your deferral amount, you can expect to see that change reflected within one or two pay cycles, or as soon as administratively possible.

What is the maximum amount that I can contribute?

The Internal Revenue Service (IRS) limits the annual contributions you can make to a 403(b) plan and the limits are adjusted each year. The 2019 limits are as follows:

Elective deferral limit                     $19,000.00

Age 50 catch-up                              $6,000.00

Whom do I contact for additional information?

To learn specifics about the RUSO 403b you can visit www.OK2Retire.com. To learn more about 403(b) plans, please visit http://www.irs.gov and search for Publication 571. If you have any questions about how the plan works or your rights and obligations under the plan, please contact Human Resources. Our local Voya representative is Paul Smith and he can be contacted at 918-746-4713 or paul@covenantok.com.