Retirement Benefits

New for 2026: 403(b) Automatic Enrollment and Automatic Advance

All current eligible participants contributing less than 5% will be automatically enrolled in the 403(b) plan with a 5% contribution if no action is taken by 1/6/2026. If you prefer to contribute 0% or select a different contribution amount, you can make changes anytime through the Retirement Plan Portal. You may find step-by-step instructions on How to change or opt out of the 403(b) auto enrollment and 403(b) Auto Enrollment FAQ for other important information.   You may also call Fidelity, the master administrator for contributions to both TIAA and Fidelity, to have a representative assist you at 800-343-0860. 

The first automatic enrollment and automatic advance will take place with the 1/22/2026 paycheck if no action is taken.

New Hires: Beginning 1/1/2026, all new retirement plan eligible employees will be automatically enrolled in the 403(b) plan with a 5% contribution. If you prefer to contribute 0% or select a different contribution amount, you can make changes anytime through the Retirement Plan Portal. You may find step-by-step instructions on How to change or opt out of the 403(b) auto enrollment.

401(a)- SCU's Defined Contribution Plan

The University will contribute an amount equal to 10% of benefit-eligible employees' base compensation. The IRS limits compensation that can be taken into account when determining how much can be contributed; for 2025 the annual compensation limit is $350,000. Employees become eligible on the first day of the month following or coinciding with their date of hire.  Eligible employees are 100% vested after they have worked in a benefits-eligible position for a minimum of 1,000 hours in each of two calendar years. 

403(b)- Employee's Voluntary Contribution Plan

Eligible employees, as defined in the 403(b) Summary Plan Description, are able to enroll in the 403b plan and make contributions as a percentage of their salary. Contributions can be made on a pre-tax or post-tax basis. Employees are 100% vested as of the date of the first contribution. Beginning 1/1/2026, all new eligible employees will be automatically enrolled in the 403(b) plan with a 5% contribution. If you would like to elect 0% or contribute another amount, you may do so through the Retirement Plan Portal. Please review the 403(b) Auto Enrollment FAQ for other important information regarding 403(b) Auto Enrollment.

IRS Maximums

• $23,500
• Catch Up Contribution (Age 50 and over): $7,500