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Marquette University's retirement 403(b) plan is through TIAA-CREF, a tax-deferred plan designed to help eligible employees save for retirement.
Announcements and Useful Forms
Change made to university retirement plan share class
In mid-February, a letter was sent to all Marquette University Retirement Plan participants informing them, that as of March 19, the university had replaced the Retirement Share Class on all investments with a new, lower-cost Institutional Share Class. This letter outlined all of the pertinent information needed and is available below.
It is important to note that none of the plan’s annuity accounts were affected by this share class change, and as always, participants can change their contribution allocations at any time online. Refer to TIAA-Cref’s microsite.
- Schedule your free confidential appointment with TIAA-CREF by calling Marty Garcia at 1-866-843-5640, click to see a schedule for the current month or download the Summer TIAA-CREF flyer with all the summer sessions being offered on the MU campus.
- Salary Reduction Agreement form
- Past Service Record form
- TIAA-CREF Individual On Campus Counseling Sessions
- How to Enroll Online Instructions
Eligibility and Enrollment
Match Retirement Annuity
Is available to employees working 1,000 or more hours per year, have two
years of service, and age 21 or older. Enrollment is the first of the month following
your two year anniversary. If you worked for another university or nonprofit research institution within the two years prior to your employment at Marquette, you might be eligible to waive all or portion of the two year waiting period. Complete the Past Service Record.
- Choose your investment elections by enrolling online with TIAA-CREF's secure microsite
- Complete the Salary Reduction Agreement form.
- Submit all paperwork to benefits@marquette.edu.
Supplemental Retirement Annuity
Is a voluntary contribution to your supplemental retirement plan available to all
support staff, administrators, and faculty. Enrollment is the first of the month
following your date of hire.
- Choose your investment elections by enrolling online with TIAA-CREF's secure microsite
- Complete the Salary Reduction Agreement form.
- Submit all paperwork to benefits@marquette.edu.
Contribution Limits
| IRS Contribution Limits |
|---|
Under age 50 |
Over age 50 |
|
| 2013 | $17,500 |
$23,000 |
Rolling over previous retirement accounts
If you already have a TIAA-CREF account established by a different employer, you will need to create a new account with Marquette University. Your access code will be 101312. Click here to get started.
Call TIAA-CREF at (800) 842-2776 to initiate the transfer of funds.
Vesting
Your TIAA-CREF 403(b) is 100% vested.
Questions? Want to modify your investments?
For those individuals with questions regarding planning for retirement, please feel free to contact Marty Garcia directly at (312) 345-5645.
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The detail of the TIAA-CREF retirement plan is contained in the official Plan document. This site is meant to only cover highlights of the TIAA-CREF benefit. It does not contain all of the details that are included in the Summary Plan Description (SPD) (as described by the Employee Retirement Income Security Act). If there is ever a question about this plan, or if there is a conflict between the information on this site and the formal language of the Plan documents, the formal wording in the Plan documents will govern. Please note that the benefits described on this site may be changed at any time and do not represent a contractual obligation on the part of Marquette University.
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