How to Calculate 2020 Maximum 403(b) Supplemental Contribution for Nonexempt Employees

Explanation of Terms

Calculating Your Contribution

To determine your Employee Supplemental (voluntary) contribution amount for 2020, if eligible, you must factor in your employee required contribution (the percentage of your salary you contribute that makes you eligible to receive the university matching contribution) and the number of pay periods for which you will contribute.

Example 1

Nonexempt, 403(b)-eligible, 50-year-old with annual salary of $50,000 ($961.54 per weekly pay period), effective Jan. 1, 2020.

Annual Supplemental Contribution
Supplemental Contribution per Pay Period
Supplemental Contribution Percentage
Your Maximum Salary Contributions for 2020

Example 2

Nonexempt, 403(b)-eligible, 49-year-old with annual salary of $40,000 ($769.23 per weekly pay period), effective Jan. 1, 2020.

Annual Supplemental Contribution
Supplemental Contribution per Pay Period
Supplemental Contribution Percentage
Your Maximum Salary Contributions for 2020

Updating Your Contribution Amounts

You may change your contribution percentages and retirement provider election to both Fidelity and TIAA through either of the following:

The Brandeis Retirement Planning Website User Guide provides step-by-step screen shots starting on Page 8 for existing participants.

Using Workday

There are limit restrictions in place in Workday that will prevent an employee from contributing more than the IRS maximum amount allowed. Please note that Brandeis does not monitor individual's maximum contributions to your plan. You will be responsible for monitoring your annual contribution amounts, which are reflected on your pay slip.

You may seek assistance in determining you supplemental contribution amount from representatives at TIAA (800-842-2273), Fidelity (800-343-0860) or your tax adviser.