Retirement Plan
Effective March 15, 2013 became the Plan's sole retirement plan provider. Contributions made prior to March 15, 2013 to Fidelity Investments may remain with Fidelity.
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Contributions by the College
After one year of employment at the College, the College will contribute the equivalent of 10 percent of an eligible employee's earnings to a 403(b) account with .
Contributions by Employees
All employees may make contributions on a pre-tax or after-tax (Roth) basis to a 403(b) account with . This benefit is available immediately upon employment. Federal law dictates the maximum amount you are eligible to contribute under these plans (see below), and penalties are imposed for withdrawals prior to age 59 1/2.
Please complete a and return the completed form to Human Resources.
Annual Contribution Limit | 2022 | 2023 | 2024 |
---|---|---|---|
Amount allowed for all participants |
$20,500 |
$22,500 |
$23,000 |
Additional amount allowed for participants age 50 or over |
$6,500 |
$7,500 |
$7,500 |
TIAA Individual Counseling Sessions
Representatives from TIAA are on campus on a regular basis to provide individual counseling sessions on current investment strategies, meeting long-term investment goals, asset allocation and general retirement and financial planning issues. Make an appointment online, or contact 800-732-8353.
TIAA Virtual Offerings
Visit TIAA’s Virtual Environment for access to live and on-demand webinars. Topic categories include spending, saving, planning, investing, and living. (Please note that you may use your TIAA account login or complete a simple guest registration and use “tiaacref” as the password to enter the site.)
Plan Documents
Contact
Human Resources