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Online Enrollment - Retirement

 

Enrollment -  University of Dallas 403(b) Retirement Plan

University employees must complete the following steps to enroll in the University of Dallas Retirement Plan.

 
  1. 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.
  2. Employees must also complete and sign the 403-B Payroll Deduction Authorization 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.   

*Your enrollment is not finalized until both steps are completed*


Summary Plan Description

 


 

Retirement Accounts - Faculty and Staff Policy

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.

Regular employees that have worked at least 19 hours per week for twelve continuous months are eligible to receive retirement plan contributions from the University. 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 but must elect to be in the plan. 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
Employee University
0% 2%
1% 3%
2% 4%
3% 5%
4%  6%
5% 7%
 
If you have questions regarding eligiblity, 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 Dallas.
 
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 throughout the year.  
 

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 take note of this helpful Q&A from TIAA: Things to Consider When You Leave Your Employer.

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