[UCRDBR] Retirement Savings Program - Return of Excess Contributions - 2024 Plan Year

[Departmental Benefits Representatives]

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February 18, 2025


To:
Department Benefits Representatives (DBRs)
From:
Central HR Benefits Office on behalf of UC Office of the President
Re:
Retirement Savings Program - Return of Excess Contributions - 2024 Plan Year

DBRs, please share this information via your internal listserv.  Do not reply to this mail.  Please send a separate email with questions to benefits at ucr.edu<mailto:benefits at ucr.edu>.

The deadline to process and refund any 2024 excess contributions to a participant from their UC Tax-Deferred 403b and/or 457(b) Deferred Compensation Plan is Tuesday, April 15, 2025.  The properly submitted request MUST be received by UC Retirement Savings Program by Tuesday, April 1, 2025, in order for Fidelity to meet the distribution deadline of Tuesday, April 15, 2025.

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.  A downloadable form is available at myUCretirement.com<https://fwc.widen.net/s/j72cql7fzt/uc-return-of-excess-form> for easy access. The form must be completed, signed, enclosed with explanation and any supporting documentation, (i.e., W2s), and 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

Please refer to the Plan SPD for additional details regarding rules and regulations:

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





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