JHU Benefits Site - Income Deferral Plan for Residents, Interns, and Postdoctoral Fellows

Income Deferral Plan for Residents, Interns, and Postdoctoral Fellows

Eligibility

If you are a full-time, part-time, limited-time or casual resident, intern, or postdoctoral fellow who receives taxable compensation (e.g. salary/wages) from the university, you are eligible to make voluntary contributions to this Plan.

To receive university contributions to the Plan of up to 1.5% of your annual base salary, you must be a full-time or part-time resident or intern at the School of Medicine.

About the Plan

You can make pre-tax contributions to the Plan each pay, from a minimum of $15 per month up to the annual maximum established by the IRS ($18,000 in 2017).

If you are age 50 or older, you may also be eligible to make "catch-up" contributions (up to an additional $6,000 in 2017).

The IRS has imposed an annual compensation limit of $270,000 in 2017.

You are always 100% vested in all contributions, including those from the university. "Vesting" refers to your ownership of your Plan Account.