403(b) Retirement Plan

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). 

*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).

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.