Supplemental Retirement Accounts

Updates and Announcements

• 2026 Catch-Up Contribution Requirements: Beginning January 1, 2026, employees who are age 50 or older and who make catch-up contributions to the USM Supplemental Retirement Plans will be required to make those contributions on a Roth (after-tax) basis if they earned $150,000 or more in wages from USM during the prior calendar year.
• Empower Transition: The Maryland State Employees Supplemental Retirement Plans (MSRP), including 457(b), 401(k), 403(b), and 401(a), moved from Nationwide to Empower effective September 18, 2025. New Empower accounts must be registered, and you should confirm your address, set preferences, and update beneficiaries.
• Retirement Portal: UMD employees now enroll and make changes to Fidelity and TIAA accounts through the new Retirement@Work Portal. You no longer need paper forms for these accounts.

Step 1: Compare Your Options

Step 2: Enroll or Make Changes

Tools & Resources

Do you want to know how this SRA enrollment will affect your paycheck?  Here is a Net Pay Calculator to assist you.

Please note: 

• Benefits Counselors cannot provide financial advice.
• Contributions to SRA accounts must be monitored by the employee to ensure the current year IRS limit is not exceeded.

Contributions up to these maximums can also be made to a 457(b) plan. Central Payroll limits your contributions to a maximum of 80% of your gross earnings each pay period.

Special Note: Under a change made in SECURE 2.0, a higher catch-up contribution limit applies for employees aged 60, 61, 62 and 63 who participate in these plans. For 2026, this higher catch-up contribution limit is $11,250 increasing the contribution limit to $35,750 (see IRS publication). Contact your financial advisor for more information.

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