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.
403(b) Contribution Changes
Log into Workday to update your 403(b) contributions. 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.