Retirement

Retirement

Summary Plan Description

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 minimize risk.

Employees may begin making individual contributions the first month of employment by completing the 403(b) Salary Deferral Agreement Form and returning it to the Office of Human Resources.  This form indicates what percentage of your salary you want to have allocated to your retirement account. 

Regular employees who have worked 20 hours or more per week for 12 continuous months are eligible to receive the University matching contribution.  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.

The University’s matching contribution begins after one year of employment. However, newly hired employees may be eligible to receive the University match prior to the one year waiting period upon submission and review of the Prior University Work Experience Certification Form.

Once eligible, the University will match the employee's contribution up to a 4% maximum match, with an annual $6,000 matching contribution cap.
 
Employee/University Matching Contribution
   
Employee University
1% 1%
2% 2%
3% 3%
4% 4%
 
 

Employees may contribute more than 4% of their salary, up to the IRS maximum.

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 Dallas.
 
You may make changes to your salary deferral rate at any time by completing the 403(b) Salary Deferral Agreement Form and return it to the Office of Human Resources.   
 

TIAA Contact Information:

Retirement Account - 403(b):
Provider: TIAA Financial Services
Website: www.tiaa.org
Plan Number: 406714
Counseling Center: 1-800-842-2776

Mailing Address:
TIAA Financial Services
2850 Lake Vista Drive, Suite 200
Lewisville, TX 75067 

Terminating Your Employment

If you are terminating employment with the University and have a 403(b) account, please refer to the TIAA:  Know Your Options flyer.