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Retirement and 403(b) Plans

Saint Louis University employees can elect to contribute to a retirement or 403(b) plan. 

About SLU's 403(b) Retirement Plan

The University retirement plan is a voluntary defined contribution plan. After one year of continuous service (at least 1,000 hours), the University will contribute to the retirement plan for eligible employees only if the employee is participating in the 403(b) plan. Due to the financial impacts of the COVID-19 pandemic, the University is suspending these employer matching contributions effective with payrolls beginning on or after July 1, 2020, and until further notice. Eligible employees will still become eligible for the matching contributions during the suspension period upon completion of the 1,000 hours requirement but will receive no matching contributions until the match contributions are reinstated.

Eligible employees are any person classified as an employee by the University, other than housestaff, adjunct faculty members, an individual whose employment is incidental to his/her education, or a member of a collective bargaining unit (unless the collective bargaining agreement provides for coverage under the retirement plan).

For payroll periods beginning prior to July 1, 2020, the University’s contribution was based on the employee’s 403(b) contribution as follows:

Employee Contribution Employer Contribution
0 0
1% 2%
3% 6%
4% 8%
5% (and higher) 10%



403(b) Plan Details

The IRS maximum contribution for 2021 is $19,500.  Employees age 50 or over in 2021 may contribute an additional $6,500.  Any non-Roth contributions made to the 403(b) plan are all tax deferred and you are immediately vested in any matching contributions made by the University. Any contributions designated as Roth will be on an after tax basis. Roth contributions grow tax-free in investments you select. You are fully vested at the beginning for contributions you make and matching funds from Saint Louis University.  

Frequently Asked Questions About the Roth Option 

For more information on the plans, please review the summary plan descriptions page.

How to Enroll Online

Employees may enroll for the 403b online through TIAA. Additionally, new participants and employees already contributing to the 403(b) can create and modify your contribution percentage online through TIAA.

The vendor calculator is a tool available through TIAA. This will allow you to preview the tax savings you will experience by contributing to the 403(b).

Instructions to Enroll Online

Contribution Change Deadlines

Contribution changes are made directly on the TIAA website and these are received by Saint Louis University on a set schedule per pay period. The timing depends on if you are paid biweekly or monthly. Refer to the table below if you want to make changes to your existing 403(b) contribution elections.


Payroll Cycle Number Check Date First Date to Change Elections Last Date to Change Elections
27 12/30/2020 12/10/2020 12/20/2020
1 1/15/2021 12/21/2020 1/6/2021
2 1/29/2021 1/7/2021 1/20/2021
3 2/12/2021 1/21/2021 2/3/2021
4 2/26/2021 2/4/2021 2/17/2021
5 3/12/2021 2/18/2021 3/3/2021
6 3/26/2021 3/4/2021 3/17/2021
7 4/9/2021 3/18/2021 3/30/2021
8 4/23/2021 3/31/2021 4/14/2021
9 5/7/2021 4/15/2021 4/28/2021
10 5/21/2021 4/29/2021 5/12/2021
11 6/4/2021 5/13/2021 5/26/2021
12 6/18/2021 5/27/2021 6/9/2021



Payroll Cycle Number Check Date First Date to Change Elections Last Date to Change Elections
12 12/30/2020 11/16/2020 12/15/2020
1 1/29/2021 12/16/2020 1/14/2021
2 2/26/2021 1/15/2021 2/15/2021
3 3/31/2021 2/16/2021 3/15/2021
4 4/30/2021 3/16/2021 4/15/2021
5 5/28/2021 4/16/2021 5/13/2021
6 6/30/2021 5/14/2021 6/15/2021