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Saint Louis University 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 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 403(b) plan are all tax deferred, and contributions made by the University are 100 percent 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%
3% 6%
4% 8%
5% (and higher) 10%


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

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. 

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

How to Enroll Online

The IRS maximum contribution for 2019 is $19,000.  Employees age 50 or over in 2019 may contribute an additional $6,000.  Current employees who wish to take advantage of the additional contribution may do so online through TIAA.

To calculate what the maximum percentage of salary that you can contribute, divide your targeted contribution by your annual salary. For example, an employee with an annual salary of $76,000 will be eligible to contribute 25% of his/her salary, calculated as follows, $19,000/76,000= .25 or 25%.

All contributions to the 403(b) are made pre-tax. The vendor calculator provides access to tools available on the vendor websites. This will allow you to preview the tax savings you will experience by contributing to the 403(b).

Instructions to Enroll Online