Retirement Plan 403(b)

Retirement Plan Details

Principal Account Management

Faculty and staff can manage their pre-tax and post-tax (Roth) deferral percentage(s), modify their investments, change their allocations and manage their beneficiaries on the Principal website at principal.com or by calling 800.547.7754.

Any changes will begin as administratively feasible following the date of the change.

Retirement Plan Participation

Any employee of the University who completes at least one hour of service is eligible to participate in the Plan for purposes of making salary deferrals except the following individuals:

• Employee who is a student performing services that meet specific requirements of the Internal Revenue Code.
• Employee considered an independent contractor or an employee of an independent contractor.

Base Compensation

Base Compensation is your base pay from the University excluding stipends, commissions, bonuses and special payments.

IRS Maximum Contribution Limits

TIAA Account Management

(Restricted to employees hired or rehired prior to November 1, 2008.)

You can manage your investments, change your allocations and review your beneficiaries by logging into your account at tiaa.org.

To change your deferral percentage, you must complete the Salary Reduction Agreement (SRA). Please complete all sections that apply and send your form to Human Resources, Attn: Angie Mills for processing.