The university offers a 403(b)/401(a) defined contribution retirement plan to eligible employees with investment through TIAA/Fidelity Investments. Contribution levels vary by job classification and/or bargaining unit agreements. For a brief description of the plan for which you may be eligible, please view the appropriate employee category listed below.
Eligible faculty and staff can enroll within 31 days of date of hire or during or any time throughout the year.
Full-time nonbargaining unit employees and tenured/tenure track faculty may enroll in the defined contribution retirement plan within 31 days of date of hire. Contributions will begin on the first of the following month after enrollment.
Three years of participation is required to be fully vested in the university’s contribution.
Employee Contribution | University Contribution | Base Annual Salary |
4.5% of base salary | Matches 8.5% of the base salary | Up to $168,600 |
+5.0% of base salary | Matches +13.0% of the base salary | Over $168,600 |
You may begin contributions effective the first of the month following hire date or any time throughout the year.
Vesting in the university's contributions requires three years of participation.
Faculty Member Contribution | NTT Participation | University Contribution |
4.5% of base salary | Effective July 1, 2022 | Matches up to 8% of the base salary |
You may begin contributions effective the first of the month following hire date or or any time throughout the year.
You will be 100% vested after three years of credited service.
No employee contribution is required.
Employee Contribution | University Contribution |
No Contribution | Matches 4.25% of base salary |
1% of base salary | Matches 5.25% of base salary |
2% of base salary | Matches 6.25% of base salary |
You may begin contributions effective the first of the month following hire date or or any time throughout the year.
Vesting requires five years of participation.
No employee contribution is required. The contribution level is based on years of participation as follows.
Beginning Jan. 1, 2007
Years of Participation | University Contribution |
Less than 3 years | Matches 3% of base salary |
3–4 years | Matches 3.5% of base salary |
5–6 years | Matches 4% of base salary |
7–8 years | Matches 4.5% of base salary |
Greater than 8 years | Matches 5% of base salary |
You may begin contributions effective the first of the month following hire date or or any time throughout the year.
You will be 100% vested after three years of participation.
No employee contribution is required. The contribution level is based on years of participation as follows.
Effective March 1, 2015
Employee Contribution | University Contribution |
No Contribution | Matches 4% of base salary |
1% of base salary | Matches 5% of base salary |
2% of base salary | Matches 6% of base salary |
3% of base salary | Matches 7% of base salary |
4.5% of base salary | Matches 8.5% of base salary |
You may begin contributions effective the first of the month following hire date or or any time throughout the year.
Vesting in the university's contributions requires three years of participation.
Employee Contribution | Years of Participation | University Contribution |
4.5% of base salary | Less than 3 years | Match 4.5% of base salary |
4.5% of base salary | 3–4 years | Match 5% of base salary |
4.5% of base salary | 5–6 years | Match 6.5% of base salary |
4.5% of base salary | Greater than 6 years | Match 8.5% of base salary |
For questions regarding the defined contribution retirement savings plan, call 215-926-2270 or email [click-for-email].
