Bowdoin College 403(b) Plan

A Supplemental Retirement Account (403(b) Plan) is a great opportunity to save for retirement on a pre-tax basis, so consider a SRA, even if you can only contribute a small amount.

With an SRA, YOU make the contributions through pre-tax payroll deduction.

• To take part in the SRA, you need to contribute at least $200 a year.
• The maximum amount you can contribute on a calendar year basis changes each year. The general limit for calendar year 2026 is $24,500. If you are turning age 50 anytime in 2026 you are also eligible to contribute an additional $8,000 for a total of $32,500.
• Contributions can be made on a traditional 403(b) pre-tax basis or after-tax Roth 403(b) contribution and you are at least 59.5 years old.
• Once you set up the amount of the contribution, it will not change except at your request.
• You may start, stop, or change your contributions at any time. SRA's are offered through Fidelity Investments and Vanguard. You can split contributions between both companies if desired. 
• Getting started with Fidelity NetBenefits - Fidelity at Work
• Bowdoin College Retirement Plans

 

NOTE:  The SECURE 2.0 Act includes a mandatory provision requiring that an employee who earns more than $150,000 in FICA wages in the prior calendar year from the employer sponsoring the plan, that all 403(b) catch-up contributions made by the employee which are allowed at age 50 and older must be made on a Roth after-tax basis. The earnings threshold is subject to change each year.