403(b) Plan for all Eligible Employees
The University offers all eligible employees a 403(b) plan, which is a Defined Contribution plan.
Regular full-time employees and full-time faculty are eligible for participation in the University’s retirement plan. Employees who are not full-time and/or who are not in regular positions may be eligible for retirement benefits in accordance with the rules governing the University’s Defined Contribution retirement plan.
The University may make a discretionary contribution to the Plan, and you have the option of making voluntary contributions on a pre-tax and/or Roth after-tax basis up to the applicable IRS maximums. You may choose from two retirement vendors: TIAA and Fidelity Investments.
For employees who are classified as active and who are eligible for the retirement plan on January 1, 2022, and for eligible employees who are hired on or after January 1, 2022, all contributions made to the plan by you and the University are immediately vested.
If you wish to enroll or make changes to your retirement contributions, please log into USD Retirement@Work from the MySandiego portal Employee Resources tab. You may contact the Human Resources office to learn more.
Retirement Vendors
In order to assist you in planning for your retirement, representatives from TIAA and Fidelity are available for individual counseling sessions. These sessions will provide you the opportunity to discuss your retirement goals and objectives, asset allocation and investment mix, and the tax advantages of saving through the University's 403(b) plan.
For more information, please visit the Employee Resources tab in the MySanDiego Portal.