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Tuition
The
Saint Louis University Retirement and 403(b) Plan
403 (b) Plan
Tax deferred investments
are available through salary reduction from Fidelity, DWS Investments
(formerly Scudder), Teachers Insurance Annuity Association/College
Retirement Equity Fund (TIAA-CREF), and T. Rowe Price.
All employees are immediately eligible. The 403(b)
enrollment package can be obtained through the Benefits Office at
benefits@slu.edu or 977-2304. Changes to existing 403(b)
contributions can be processed with the Earnings
Reduction Agreement / Allocation Form.
The maximum contribution
for 2010 will remain the same as 2009, and continues to be
$16,500. Employees age 50 or over in 2009 can contribute
an additional $5,500. Employees
who wish to take advantage of the additional contribution must complete
a new Earnings Reduction Agreement
/ Allocation Form every year. Completed Earnings Reduction Agreement
forms may be faxed to the Benefits Office at 977-1785.
- To calculate what the maximum
percentage of salary that you can contribute, divide your targeted
contribution by your annual salary. For example, in 2009 an
employee with an annual salary of $66,000 will be eligible to
contribute 25% of his/her salary, calculated as follows, $16,500/66,000=
.25 or 25%.
-
All contributions
to the 403(b) are made pre-tax. Click on the following link
to access a "Take Home Pay" calculator provided
by Fidelity Investments. This will allow you to preview the
tax savings your will experience by contributing to the 403(b).
Take
Home Pay Calculator
Retirement Plan
The University's
retirement plan is a Safe Harbor,
voluntary defined contribution plan. After one year of continuous
service (at least 1000 hrs), the University will contribute to the
Plan only if an employee is
participating in the 403(b) Plan.
The University's contribution
is based on the employee's 403(b) contribution as follows:
|
Employee Contribution
|
Employer Contribution
|
|
0
|
0
|
|
1%
|
2%
|
|
2%
|
4%
|
|
3%
|
6%
|
|
4%
|
8%
|
|
5% (and higher)
|
10%
|
Contributions are
all tax deferred. Contributions made by the University are
vested immediately.
For more information on
the plan, please read the
SUMMARY
PLAN DESCRIPTION FOR THE SAINT LOUIS UNIVERSITY RETIREMENT AND ANNUITY
PROGRAMS
For more information
about the 403(b) Vendors, take a look at the following Websites
- TIAA-CREF will be on campus conducting
seminars and one-on-one counseling session to further assist
employees in better understanding and developing their retirement
plans.
- In order to schedule a one-on-one
counseling session, click on the above link into the TIAA-CREF
website or call 1-800-732-8353 and ask for the scheduling desk.
- Below are the dates of upcoming
TIAA-CREF events. These sessions will be held in The Lindell
Office Building, 3545 Lindell Blvd., Room 140A.
|
One-on-one
counseling - TIAA-CREF
|
| 2010 |
| January
12, 13, 14 and 15 |
| February
9, 10, 11, and 12 |
| March 9,
10, 11, and 12 |
| April 6,
7, 8, and 9 |
| May 4,
5, 6, and 7 |
| June 8,
9, 10, and 11 |
| July 6,
7, 8 and 9 |
| August
3, 4, 5, and 6 |
| September
7, 8, 9, and 10 |
| October
12, 13, 14, and 15 |
| November
9, 10, 11, and 12 |
| December
7, 8, 9, and 10 |
Fidelity on Campus
-
Fidelity also
conducts one-on-one counseling sessions to assist employees
in the understanding and development of their retirement plans.
-
In order to schedule
a one-on-one counseling session with Fidelity Investments,
click on the link above or call 1-800-642-7131. These sessions
are held in the Lindell Office Building, 3545 Lindell Blvd.
|
One-on-one
counseling - Fidelity Management and Research
|
| 2010 |
| January |
| February |
| March |
| April |
| May |
| June |
| July |
| August |
September |
November |
| Retirement Plan
Orientation (Lindell Office Building, 3545 Lindell Blvd.,
Room 140A)) |
| Wednesday, January 13 |
| Wednesday, February 10 |
| Wednesday, March 10 |
| Wednesday, April 7 |
| Wednesday, May 5 |
| Wednesday, June 9 |
| Wednesday, July 7 |
| Wednesday, August 4 |
| Wednesday, September 8 |
| Wednesday, October 13 |
| Wednesday, November 10 |
| Wednesday, December 8 |
IRS 2009 Notice
to Interested Parties
The following attachment
is the "2009 Notice to Interested Parties.” The Internal
Revenue Service requires that the attached Notice be provided
to employees as notice that it is the intention of Saint Louis
University to submit a routine application to the Internal Revenue
Service for determination as to whether the plan meets the qualification
requirements of section 401 of the Internal Revenue Code.
2009
Notice to Interested Parties
|
