Summary Plan Description
The University of Dallas Employee Retirement Plan is administered by the Teachers Insurance Annuity Association (TIAA), the nation's largest private retirement company. Founded to serve the retirement needs of higher education faculty and staff, TIAA offers a wide range of investment options designed to realize growth of capital and minimize risk.
Employees may begin making individual contributions the first month of employment by completing the 403(b) Salary Deferral Agreement Form and returning it to the Office of Human Resources. This form indicates what percentage of your salary you want to have allocated to your retirement account.Employees are 100% vested (which means entitled to all of the amounts) in his/her accounts attributable to the following contributions:
- elective deferrals including Roth deferrals and catch-up contributions
- rollover contributions
The University’s matching contribution begins after one year of employment. However, newly hired employees may be eligible to receive the University match prior to the one year waiting period upon submission and review of the Prior University Work Experience Certification Form.
Once eligible, the University will match the employee's contribution up to a 4% maximum match, with an annual $6,000 matching contribution cap.
Employee/University Matching Contribution
| Employee | University |
| 1% | 1% |
| 2% | 2% |
| 3% | 3% |
| 4% | 4% |
There is a 3-year cliff vesting University matching schedule that applies to employees hired on or after July 1, 2024. Employees hired prior to July 1, 2024, remain subject to the 100% vesting schedule.
Vesting Schedule
Matching Contributions
| Periods of Service | Percentage |
| Less than 3 years | 0% |
| 3 years + | 100% |
Employees may contribute more than 4% of their salary, up to the IRS maximum.
Employees who are age 50 and over may also make catch-up contributions. Employees must make catch-up contributions on a Roth basis if prior-year wages
exceeded $150,000.
Contributions and earnings must remain in the account until the employee is no longer employed by the University of Dallas or are age 59 1/2. You may make changes to your salary deferral rate at any time by completing the 403(b) Salary Deferral Agreement Form and returning it to the Office of Human Resources.
TIAA Contact Information:
Retirement Account - 403(b):Provider: TIAA Financial Services
Website: www.tiaa.org
Plan Number: 406714
Customer Service: 800-842-2252 ~ Monday - Friday, 8 a.m. - 10 p.m. (ET)
Mailing Address:
TIAA Financial Services
2850 Lake Vista Drive, Suite 200
Lewisville, TX 75067