Excess Savings Deadline

From an email received today:

Retirement Savings Program - Return of Excess Contributions for the year 2022

The deadline to process and refund any 2022 excess contributions to a participant from their UC Tax-Deferred 403b and/or 457(b) Deferred Compensation Plan is Tuesday, April 18, 2023.  The properly submitted request MUST be received by UC Retirement Savings Program by Monday, April 3, 2023 in order for Fidelity to meet the distribution deadline of Tuesday, April 18, 2023. 

Any participant who may have over-contributed (exceeded the IRS limits) to either Plan must contact Fidelity Retirement Services (1-866-682-7787) and request a Return of Excess Contribution form noting the specific Plan.  The form must be completed, signed, enclosed with explanation and any supporting documentation, i.e. W2s, and then submitted to UC Retirement Savings Program (RSP) for review, approval, and submittal to Fidelity for processing.  The form, along with any attachments, should be mailed or faxed (preferred) to:

UC Retirement Savings Program

P.O. Box 24570

Oakland, CA 94623-1570

SECURE FAX:  1-510-291-9945

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Please refer to the link below for additional details regarding rules and regulations:

https://ucnet.universityofcalifornia.edu/compensation-and-benefits/retirement-benefits/ucrs/index.html.