TIAA Website: TIAAPhone: 800.842.2252 Important The University of Alabama System (UAS) will transition from two providers, VALIC and TIAA, to one plan provider, TIAA effective October 1, 2019. TIAA Transition Guide | VALIC Transition Guide 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 (full-time exempt staff and faculty) can receive up to 5% matching contributions in the 403(b) plan*. Contributions Limits Employee contributions limits for 403(b) and 457(b) pre-tax and roth plans are set by the IRS. The limits are applicable to contributions made in a calendar year (January - December). 2019 Pre-Tax and Roth PlansEmployee LimitsUnder Age 50Employee LimitsAge 50 or olderEmployer MatchingLimit* Limit Type:Calendar YearCalendar YearPlan Year 403(b) Plan $19,000 $25,000 $13,750 457(b) Plan $19,000 $25,000 Both 403(b) and 457(b) plans $38,000 $50,000 *The 5% employer matching contributions in the 403(b) plan are subject to the $275,000 annual earnable compensation maximum. The maximum only applies to employees hired on or after July 1, 1996 for contributions made in a plan year (July - June). How to Enroll TIAA Quick Guide - This guide will provide instructions and tips to enroll, change contributions, investments, transfer assets, and change your beneficiary designation. LOGIN TO TIAA Retirement Counseling On-campus individual counseling appointments are available with a financial advisor with TIAA. Click here to view the upcoming counseling sessions. TIAA Financial AdvisorJared GilbertPhone: 800.732.8353