Retirement Plan
Quick Links to Page Sections:
- Plan Enrollment & TIAA Consultations
- Employer Match
- ERISA Requirements
- Retirement Plan Documents
- Retirement Plan Updates
About this Page
The University of Denver offers a retirement plan under section 403(b) of the Internal Revenue Code (IRC), enabling you to invest in your retirement via the convenience of regular automatic payroll contributions. The plan is administered by the Teachers Insurance and Annuity Association (TIAA) and participation is entirely voluntary. It also includes a Roth option.
Contributions are made on a pre-tax or tax-deferred salary reduction basis, which means your current taxable income is reduced by the amount of your contributions, and taxes on those contributions and their investment earnings are deferred until they are paid back to you in the form of retirement benefits or other distributions from these plans. For biweekly-paid employees, retirement contributions will be deducted from each paycheck.
Retirement Plan Documents
Summary Plan Description
The Summary Plan Description (SPD) is a detailed guide to the benefits the program provides and how the plan works. It specifies when an employee may begin to participate in the plan and how to file a claim for benefits. If the plan is changed, participants must be informed via either a revised SPD or a separate document called a Summary of Material Modifications (SMM). These documents must be provided to participants free of charge.
The Retirement Plan Document
The Plan Document governs the retirement plan's features and day-to-day operations.
Summary of Material Modifications
The Summary of Material Modifications (SMM) is a summary of the most important changes to the plan and information contained in the Summary Plan Description. Changes include in-plan Roth rollover contributions and employer matching contributions.
Contact
TIAA Retirement Plan
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