TIAA       

Website: TIAA
Phone: 800.842.2776

VALIC

Website: VALIC
Phone:
 800.448.2542

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 and VALIC.  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). 

2018 Pre-Tax and Roth Plans

Employee Limits
Under Age 50
Employee Limits
Age 50 or older
Employer Matching
Limit*
Limit Type:Calendar YearCalendar YearPlan Year
403(b) Plan $18,500 $24,500 $13,500
457(b) Plan $18,500 $24,500  
Both 403(b) and 457(b) plans $37,000 $49,000  

*The 5% employer matching contributions in the 403(b) plan are subject to the $270,000 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).

Retirement Counseling

On-campus individual counseling appointments are available with a financial advisor with TIAA or VALIC.  Click here to view the upcoming counseling sessions.

TIAA      

Financial Advisor
Jared Gilbert
Phone:
 800.732.8353

VALIC

Financial Advisor
Don Odendahl
Phone: 
256.337.9758