Retirement and 403(b) Plans

Retirement Plan
The University retirement plan is a Safe Harbor voluntary defined contribution plan. After one year of continuous service (at least 1000 hours), the University will contribute to the Retirement Plan for eligible employees only if the employee is participating in the 403(b) Plan. Eligible employees are any person classified as an employee by the University, other than housestaff, a part-time extraordinary faculty member, an individual whose employment is incidental to his education, or a member of a collective bargaining unit (unless the collective bargaining agreement provides for coverage under the Retirement Plan).

Contributions to the 403b plan are all tax deferred, and contributions made by the University are 100% vested immediately. 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%


For more information on the plans, please review the Summary Plan Description for Saint Louis University.

The University 403(b) vendor is Teachers Insurance Annuity Association (TIAA). TIAA has joined with Saint Louis University to help prepare University employees for retirement. For almost 100 years, TIAA has been helping millions of people in the academic, government, medical, cultural and research fields plan for retirement. Together, we offer you options to tailor your plan to your investment style and goals. For more on TIAA and to enroll for your retirement account, click here.

403 (b) Plan Details
Tax deferred investments are available through salary reduction from TIAA. All employees are immediately eligible. Employees may enroll for the 403b online at Additionally, new participants and employees already contributing to the 403(b) can create and modify your contribution percentage online at

How to Enroll Online

The IRS maximum contribution for 2018 is $18,500.  Employees age 50 or over in 2018 may contribute an additional $6,000.  Current employees who wish to take advantage of the additional contribution may do so online through

  • To calculate what the maximum percentage of salary that you can contribute, divide your targeted contribution by your annual salary. For example, in 2018 an employee with an annual salary of $74,000 will be eligible to contribute 25% of his/her salary, calculated as follows, $18,500/74,000= .25 or 25%.
  • All contributions to the 403(b) are made pre-tax. Click on the vendor calculator functions provided below to access tools available on the vendor websites. This will allow you to preview the tax savings you will experience by contributing to the 403(b).

IRS Notice to Interested Parties
The following attachment is the "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.

Notice to Interested Parties

Retirement Planning
For more information about the 403(b) Vendor, take a look at the following Websites

403(b) Vendor On Campus - TIAA conducts on campus seminars and one-on-one counseling session to further assist employees in better understanding and developing their retirement plans. These sessions are held in the Wool Center, 3545 Lindell Blvd.

TIAA-CREF on Campus
In order to schedule a one-on-one counseling session, click on the above link into the TIAA website or call 1-800-732-8353 and ask for the scheduling desk.

Retirement Plan Orientation
Eligible Saint Louis University employees interested in learning more about University Retirement plan are welcome to attend a Retirement Plan Orientation. These monthly meetings are presented by a representative from TIAA and are held at 9:00 a.m. in the Lindell Office Building at 3545 Lindell Blvd.