Rollovers and Direct Transfers

The ability to rollover assets into the U-M plan from another employer’s retirement program and to transfer assets between TIAA and Fidelity depends on a number of factors, including the plan type, your age, and if you are a current employee, a former employee or U-M retiree. Talk with a tax professional or financial advisor and ask questions so that you understand the limitations, requirements and consequences before you take any action.

Compare Your Options for Rollovers and Direct Transfers

Following are overviews of your options for rollovers or direct transfers for each plan type. For details, see Eligibility and Procedures for Rollovers and Direct Transfers.

Rollovers Direct Transfers
Basic Retirement Savings Plan
Current Employee

Not Available

At any age
Former Employee

Employee contributions and earnings at any age, university contributions and earnings at age 55 or older

At any age
U-M Retiree At any age At any age

 

Rollovers Direct Transfers
403(b) Supplemental Retirement Account (SRA)
Current Employee

At age 59½; disability

At any age
Former Employee At any age At any age
U-M Retiree At any age At any age
Rollovers Direct Transfers
457(b) Deferred Compensation Plan
Current Employee

At age 70½

At any age
Former Employee

At any age

At any age
U-M Retiree At any age At any age