RETIREMENT SAVINGS
Save for your future. National University provides you with resources and options to help you plan for your financial future. Administered by TIAA, the 403(b) plan includes traditional pre-tax and Roth post-tax options that are available to all eligible part-time and full-time employees
403(b) Plan Features
Employer Match
National University offers a matching benefit to faculty and staff after one year of service in which you have worked 1,000 hours. You will be 100% vested upon receipt of employer contribution (immediate ownership of employer matching contribution).
Auto Enrollment
All eligible full-time National University employees will be automatically enrolled in the 403(b) plan upon hire at a pre-tax contribution of 3% of compensation. Employees are able to change their contribution amount at any time through their TIAA portal or by contacting TIAA at 800-842-2252; group #334648. Changes to salary deferrals will be made as soon as administratively possible.
Auto Escalation
To help your retirement savings keep pace with your long-term goals, all full-time employees will be set up with automatic salary deferral increases. This means that your contribution rate will automatically increase annually by 1% at the beginning of each Plan Year (January 1st) until a maximum contribution rate of 6% is reached. Those contributing 0% and 6% or more will not be affected by this feature.
TIAA Resources
TIAA offers various tools that can help you navigate today's economy, including debt management and commentary on market volatility. And, it’s at no additional cost as a part of your retirement plan. You’ll get answers to these questions and more:
- Am I invested in the right mix of investments to help meet my goals?
- Am I saving enough to create the retirement income I need?
- How do I take income from my retirement account once I stop working?
Meet with a Financial Consultant:
- Visit www.TIAA.org/schedulenow to register for a prescheduled 1:1 session.
- If you can't make it to one of TIAA's prescheduled sessions, click here to schedule a consultation.
Live and On-Demand Webinars:
- Visit the Live Webinar Lounge to watch TIAA's financial education webinars.
- You must reserve your spot for live webinars.