SAVING FOR RETIREMENT

 

Click below to enroll, view or change your retirement plan elections:

Access Your Retirement Funds

User Guide
How to enroll in the 401(a) and/or SRA Retirement Plans
How to Guide
How to Access and manage your accounts online with netbenefits.

RETIREMENT PLANS

401(a) DEFINED CONTRIBUTION RETIREMENT PLAN

Benefits eligible employees age 21 or older are eligible for this plan. Participants receive employer contributions ranging from 3% to 9% of pay depending on their age. Participants direct their contributions to an approved lineup of funds with Fidelity and/or TIAA.

Participants are vested in their account after three years of regular employment, meaning they own their account balance. Participants who terminate employment prior to being vested, forfeit their account balance.

Note: Fellows and employees currently earning benefits under the Defined Benefit Retirement Plan or the 403(b) Defined Contribution Retirement Plan are ineligible for this plan.

 

SUPPLEMENTAL RETIREMENT ACCOUNT (SRA)

Employees can contribute to an SRA up to allowable IRS limits. Participants can make their contributions on a pretax and/or Roth basis, and can start, change, or stop their contributions at any time. Participants direct their contributions to an approved lineup of funds with Fidelity and/or TIAA. Participants are immediately vested, meaning they own their account balance. 

Benefits eligible employees hired on or after July 1, 2009 are eligible to receive 100% matching contributions during their first six years of employment up to a lifetime maximum of $3,000.  Matching contributions are deposited into the participant's 401(a) account and are subject to the three year vesting.

 

DEFINED BENEFIT RETIREMENT PLAN

The Defined Benefit Retirement Plan is closed to new enrollees. The Plan is a traditional pension plan funded by employer contributions.

 

403(b) DEFINED CONTRIBUTION RETIREMENT PLAN

The 403(b) Defined Contribution Retirement Plan is closed to new enrollees.

 

457(b) DEFERRED COMPENSATION PLAN

The 457(b) Deferred Compensation Plan is a non-qualified plan available to employees who meet a certain salary threshold which is determined each year. The plan allows eligible highly compensated employees to defer a portion of their compensation up to allowable IRS limits. Newly eligible employees are notified of their eligibility on an individual basis.

 

INDIVIDUAL FINANCIAL COUNSELING SESSIONS

Individual counseling sessions with Fidelity or TIAA representatives are available.

• To schedule a session with a Fidelity representative, please click on this link: http://getguidance.fidelity.com or call 800-642-7131.

• To schedule a session with a TIAA representative, please click on this link: http://www.tiaa.org/schedulenow or call 800-732-8353.