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). Learn more>>
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.
403(b) Contribution Limits
The IRS maximum contribution limits for 2025 are as follows:
- Employee Contribution Limit: $23,500.
- Catch Up Contributions:
- Ages 50-59 and 64+: An additional $7,500, allowing for a total contribution of up to $31,000.
- Ages 60 to 63: A higher catch-up contribution limit of $11,250, enabling a total contribution of up to $34,750.
Manage Your 403(b) TIAA Account Online
After you have your first 403(b) deduction through payroll, you will be able to create a TIAA account online or via mobile app, where you can manage your contributions and investment options. You will need to click on New User Access and may be required to call TIAA’s National Contact Center for further verification. Once you’ve logged into your TIAA Online Account, you can:
- Manage your contributions and investment mix
- Update your beneficiary designation
- Take care of other administrative needs
403(b) Contribution Changes
Log into Workday to update your 403(b) contributions. Changes to salary deferrals will be made as soon as administratively possible.
For guidance on selecting your salary deferral amount or understanding pre-tax versus Roth options, contact TIAA at 800-842-2252. TIAA Consultants are available weekdays from 8 a.m. to 10 p.m. (ET).
Financial Counseling
TIAA offers free financial counseling to help you navigate today’s economy. You can get answers to questions like whether you’re invested in the right mix to meet your goals, if you’re saving enough for retirement income, and how to access your retirement funds once you stop working.
Quick Links:
- Prescheduled 1:1 Session: Log into your TIAA account to pick a pre-scheduled session.
- Schedule Counseling Sessions: Schedule a counseling session with a financial consultant at a time convenient for you.
- Financial Counseling Flyer
- Financial Consultant: Stephen Jackson
- Financial Consultant: Deirdre McMunn
Live and On-Demand Webinars
Access a wealth of on demand webinars and reserve your spot to watch a live financial education webinar.