Enrollment - University of Dallas 403(b) Retirement Plan
University employees must complete the following steps to enroll in the University
of Dallas Retirement Plan.
- Click here for more information on how to enroll online. Visit the UD TIAA website to setup
your account and allocate your funds at www.tiaa-cref.org/udallas.
- Employees must also complete and sign the 403(b) Salary Deferral Agreement Form and return it to the Office of Human Resources. This form indicates what percentage
of your salary you want to have allocated to your retirement account.
- New hires may qualify to receive their University (employer) match upon hire if they
were employed at another university or college. A 403(b) Verification of Prior Work Experience form must be completed by the employee's former employer and received by the Office
of Human Resources for review.
*Your enrollment is not finalized until the TIAA online enrollment is completed and
the Salary Deferral Agreement form is received.*
The University of Dallas Employee Retirement Plan is administered by the Teachers
Insurance Annuity Association (TIAA), the nation's largest private retirement company.
Founded to serve the retirement needs of higher education faculty and staff, TIAA
offers a wide range of investment options designed to realize growth of capital and
Regular employees that have worked 20 hours or more per week for 12 continuous months
are eligible to receive retirement plan contributions from the University. Employees
who are scheduled to work less than 20 hours per week may qualify for matching contributions
if they have worked more than 1,000 hours in 12 continuous months. See the Summary
Plan Description for more details.
Once eligible, the University contributes an amount equal to 2% of the employee's
salary to his/her TIAA account whether or not the employee makes a contribution. If
the employee elects to contribute to his or her retirement account, the University
will match the employee's contribution up to a 5% maximum match, for a total University
contribution of 7%.
|Employee/University Matching Contribution
If you have questions regarding eligibility or University match, please refer to the
Summary Plan Description.
Employees may contribute more than 5 percent of their salary, up to the IRS maximum.
The University's contribution begins after one year of employment unless the new employee
is already a participant in a previous higher education employer sponsored retirement
plan, in which case, the contribution begins the first month of employment. Employees
may begin making individual contributions the first month of employment. Employee
contributions are made on a pre-tax basis.
All contributions are vested immediately. However, contributions and earnings must
remain in the account until the employee is no longer employed by the University of
Supplemental Retirement Accounts are also offered through TIAA. Contact the Office
of Human Resources for more information.
If you would like to make adjustments to your contribution, please return this form
to the Office of Human Resources: 403-B Payroll Deduction Authorization Form
. You may make changes to your salary deferral rate at any time.
TIAA Contact Information:
Retirement Account - 403(b):Provider: TIAA Financial ServicesWebsite: www.tiaa.orgPlan Number: 406714Counseling Center: 1-800-842-2776Mailing Address:TIAA Financial Services2850 Lake Vista Drive, Suite 200Lewisville, TX 75067
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