[UCRDBR] Retirement Savings Program – Return of Excess 2021 Contributions

[Departmental Benefits Representatives]

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February 22, 2022

To:
Department Benefit Representatives
From:
HR Benefits Office on behalf of UC Office of the President
Re:
Retirement Savings Program – Return of Excess 2021 Contributions
Friday, April 15, 2022 is the deadline to process and refund any 2021 excess contributions to participants from their UC Tax-Deferred 403b and/or 457(b) Deferred Compensation Plan. The UC Retirement Savings Program must receive a properly submitted request by Friday, April 1, 2022 in order for Fidelity to meet the distribution deadline of Friday, April 15, 2022.

Any participant who may have over-contributed (exceeded the IRS limits) to either Plan must submit a Return of Excess Contribution form<https://hr.ucr.edu/sites/g/files/rcwecm656/files/2022-02/return-of-excess-contributions-form-fillable.pdf> noting the specific Plan. The form must be completed, signed, enclosed with explanation and any supporting documentation, and then submitted to UC Retirement Savings Program (RSP) for 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: (510) 291-9945

Please refer to the plan Summary Plan Document located on the UCnet Voluntary UC Retirement Savings Program website<https://ucnet.universityofcalifornia.edu/compensation-and-benefits/retirement-benefits/ucrs/index.html>.
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