After one year of full-time employment or with verification of past participation, regular, full-time equivalent faculty or administrative employee working a minimum of 1,000 hours per year will receive a 5% contribution toward a 403(b) plan. The employee is required to contribute a minimum of 5% of their salary to the plan.
After one year of regular, full-time employment working a minimum of 1,000 hours per year, non-administrative, non-faculty employees receive a 5% contribution toward a 401(a) plan and are not required to make a contribution.
Both types of plans are 100% vested from first day of participation and both TIAA-CREF and VALIC options are available.
TIAA-CREF and VALIC options are available to allow additional employee contributions up to the limit allowed by federal law. Plans are 100% vested and may be modified as necessary.
1st Floor Park Center
Phone: (919) 760-8898
Fax: (919) 760-8164