Retirement Plan Transition
403 (b) Plan
Tax deferred investments are available through salary reduction from TIAA-CREF. All employees are immediately eligible. Employees may enroll for the 403b online at www.tiaa-cref.org/slu. Additionally, new participants and employees already contributing to the 403(b) can create and modify your contribution percentage online at www.tiaa-cref.org/slu. Click here for instructions on how to enroll online.
The IRS maximum contribution for 2014 is $17,500. Employees age 50 or over in 2014 can contribute an additional $5,500. Current employees who wish to take advantage of the additional contribution may do so online.
The University retirement plan is a Safe Harbor, voluntary defined contribution plan. After one year of continuous service (at least 1000 hrs), the University will contribute 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|
|5% (and higher)||10%|
Contributions are all tax deferred. Contributions made by the University are vested immediately.
For more information on the plans, please review the Saint Louis University Retirement Plan.
For more information about the 403(b) Vendor:
Instructions for Online Enrollment
IRS 2013 Notice to Interested Parties
The following attachment is the "2013 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.