Payroll and Employee Benifits

403(b) Tax Deferred Annuity

Employee elects an annual or per pay amount to contribute to a TDA within IRS guidelines from one of six companies (see related links) and the per pay percentage elected is deducted from each check in the following manner:

    • Bi-Weekly Staff/Service Employees – deduction will be taken from each regular check, 26 times per year.
    • Bi-Weekly Dining Service 9 month Employees – deduction will be taken out of each regular check September through May, 20 times per year.
    • Exempt/Faculty/Professional Fiscal Year Employees – deduction will be taken from each regular check, 12 times per year.
    • Tenured and Contract Faculty/Professional Academic Year Employees – deduction will be taken from each regular check August through May, 10 times per year.
    • Tax Deferred Annuity Summary Plan Description

    Related Links

     

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    • Pension 
    • Deferred Compensation - 457(b) 
    • Information for the 457(b) plan, a Pre-Tax way for employees to save money toward their retirement available to faculty, staff, and employees of Ball State University.
    Payroll and Employee Benefits
    Administration Building (AD), room G29
    2000 W. University Ave.
    Muncie, IN 47306

    Hours: 8 a.m.-5 p.m. Monday-Friday
    Phone: 765-285-8461
    Fax: 765-285-6612
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