403(b) Tax Sheltered Annuity (TDA) - Enrollment

Eligibility

All University Employees at any time during their employment.

Enrolling in the 403(b) TDA with Voya

Reminder: Make sure you have chosen Voya as your retirement plan provider on the Ohio State University enrollment website from Fidelity. 

You have two ways to enroll in the 403(b) TDA:

  1. Contact a Voya financial professional.
  2. Enroll online.

We're here to help

We maintain regional financial professionals to serve all campus locations throughout the state. To make an appointment to enroll in with Voya, please contact your campus financial professionals.

Your local financial professional will explain to you the role supplemental retirement savings play in conjunction with your State Retirement System (STRS, OPERS, SERS). Your local financial professional will guide you through the enrollment process and:

  • Explain each plan to you and help you determine which plan is best suited to your needs
  • Describe the product to you
  • Develop an asset allocation model to illustrate your investment and retirement objectives
  • Select the investment options that will help you pursue your objectives
  • Designate a beneficiary for your plan benefits
  • Make you are aware of the total contribution limits for which you are eligible

As a client, your local financial professional will provide you with Annual Reviews (or more frequently if you request), will be available to you for any servicing needs or questions you may have.

Before Enrolling in the plan, you should:

  • Understand the plan features
  • Review the Investment Options offered

Be prepared to provide the following:

  • The name of each person you wish to designate as your beneficiary. You may submit up to 10 beneficiaries when you enroll online. If you have more than 10 beneficiaries, we suggest that you contact us for additional assistance toll-free at (877) 266-9374.
  • Don't forget to visit your Human Resources site to select Voya as your provider and to choose your contribution amount.

You should consider the investment objectives, risks, and charges and expenses of the variable product and its underlying fund options as well as mutual funds offered through a retirement plan before investing. The prospectuses/ prospectus summaries containing this and other information can be obtained by contacting your local representative. Please read the information carefully before investing.

Variable annuities and mutual funds offered under a retirement plan are long-term investments designed for retirement purposes. If withdrawals are taken prior to age 59 ½, an IRS 10% premature distribution penalty tax will apply, unless an IRS exception applies. Money taken from the plan will be taxed as ordinary income in the year the money is distributed. Account values fluctuate with market conditions, and when surrendered the principal may be worth more or less than its original amount invested. An annuity does not provide any additional tax deferral benefit, as tax deferral is provided by the plan. Annuities may be subject to additional fees and expenses to which other tax-qualified funding vehicles may not be subject. However, an annuity does provide other features and benefits, such as lifetime income payments and death benefits, which may be valuable to you.

For 403(b)(1) fixed or variable annuities, employee deferrals (including earnings) may generally be distributed only upon your: attainment of age 59½, severance from employment, death, disability, or hardship. Note: Hardship withdrawals are limited to employee deferrals made after 12/31/88. Exceptions to the distribution rules: No Internal Revenue Code withdrawal restrictions apply to '88 cash value (employee deferrals (including earnings) as of 12/31/88) and employer contributions (including earnings). However, employer contributions made to an annuity contract issued after December 31, 2008 may not be paid or made available before a distributable event occurs. Such amounts may be distributed to a participant or if applicable, the beneficiary: upon the participant's severance from employment or upon the occurrence of an event, such as after a fixed number of years, the attainment of a stated age, or disability. For 403(b)(7) custodial accounts, employee deferrals and employer contributions (including earnings) may only be distributed upon your: attainment of age 59½, severance from employment, death, disability, or hardship. Note: hardship withdrawals are limited to: employee deferrals and '88 cash value (earnings on employee deferrals and employer contributions (including earnings) as of 12/31/88).