403(b) Retirement Plan


Website: TIAA/CREF
Phone: 800.842.2776


Website: VALIC

This 403(b) plan is a voluntary, defined-contribution, tax-deferred retirement program and also offers a Roth after-tax option governed by Internal Revenue Code 403(b). The amount of retirement income is determined by the number of years of participation, the amount of premiums paid each year, age at time of retirement, the experience of the investments, the income option selected at retirement and other factors.

Eligible employees may choose between both TIAA-CREF and VALIC. Eligible employees (full-time exempt staff and faculty) can receive up to 5% matching contributions in the 403(b) plan not to exceed $260,000 annual salary. The cap only applies to employees hired on or after July 1, 1996.

Contributions Limits

Participants under age 50 can contribute up to $17,500 pre-tax to to the 403(b) plan in 2014. (If you participate in the 457(b) plan, you can also contribute $17,500 for a total of $35,000).

Participants age 50 or over can contribute up to $23,000 pre-tax to the 403(b) plan in 2014 (If you participate in the 457(b) plan, you can also contribute $23,000 for a total of $46,000). 

The above limits include Roth contribution amounts. 

Retirement Counseling

On-campus individual counseling appointments are available with a financial advisor with TIAA-CREF or VALIC.


Financial Advisor: Kevin Porter |  Phone: 800.732.8353


Financial Advisor: Don Odendahl |  Phone: 256.337.9758