TIAA 401(a) Defined Contribution Plan

TIAA RETIREMENT PLAN

Utah Tech University offers the TIAA 401(a) Defined Contribution Retirement Plan to eligible faculty and staff. This employer-funded retirement program helps employees build long-term savings through contributions made by the University.

TIAA is generally the default retirement program for eligible faculty and staff without previous Utah Retirement Systems (URS) service. Employees can manage their retirement accounts, review investments, update beneficiaries, and access retirement planning resources through TIAA.

Eligibility

The TIAA 401(a) retirement plan is available to eligible Utah Tech University faculty and staff in benefit-eligible positions of 0.75 FTE or greater.

TIAA is generally the default retirement program for eligible full-time faculty and staff who have no previous URS service. Employees with prior URS service or positions subject to different retirement requirements should contact HR Benefits to confirm their plan assignment.

University Contributions

Utah Tech University contributes 14.2% of eligible base and overload salary to the TIAA 401(a) Defined Contribution Retirement Plan.

Employees are not required to make contributions to receive the University’s employer-funded contribution.

The amount contributed to your retirement account is based on eligible compensation and applicable plan rules. Contact HR Benefits with questions about qualifying pay or contribution calculations.

Manage Your Account

Your TIAA account allows you to review retirement savings, select investment options, update beneficiaries, and access financial planning resources.

Sign in regularly to review your account information, evaluate your investments, and keep your beneficiary designations current.

Access Your TIAA Account

Retirement Planning

TIAA provides retirement planning tools, educational resources, and individual consultations to help employees make informed financial decisions.

Employees can explore investment strategies, review retirement income goals, and schedule appointments with TIAA financial consultants.

Explore TIAA Retirement Planning

Getting Started with TIAA

1

CONFIRM YOUR RETIREMENT PLAN

Verify your TIAA eligibility and retirement plan assignment with Utah Tech Human Resources.

2

ACCESS YOUR TIAA ACCOUNT

Visit TIAA.org to register or sign in, review your account, and select your investment options.

3

REVIEW YOUR BENEFICIARIES AND INVESTMENTS

Confirm your beneficiary designations, review your investment selections, and explore retirement planning resources.

Frequently Asked Questions

Who is eligible for the TIAA retirement plan?

The TIAA 401(a) Defined Contribution Retirement Plan is generally available to eligible Utah Tech faculty and staff in benefit-eligible positions of 0.75 FTE or greater who have no prior URS service. Contact HR Benefits to verify your eligibility and retirement plan assignment.

How much does Utah Tech contribute to my retirement?

Utah Tech’s published retirement information states that the University contributes 14.2% of eligible base and overload salary to the TIAA 401(a) Plan. Employees are not required to contribute to receive this employer-funded benefit. Confirm the current contribution rate and eligible compensation with HR Benefits.

Can I contribute additional money to my TIAA 401(a) Plan?

No. The University’s 401(a) retirement plan is employer-funded. Employees who want to save additional money for retirement may explore the University’s separate voluntary 403(b) and 457(b) supplemental retirement savings plans.

How do I choose my investments?

TIAA offers investment options within the University’s retirement plan. Sign in to your TIAA account to review available investments, make selections, and access information about investment performance and fees.

Can I meet with a TIAA financial consultant?

Yes. TIAA offers individual consultations, including virtual appointments and scheduled on-campus visits. You can schedule an appointment through TIAA or call 800-732-8353 for assistance.

Meet with a TIAA Financial Consultant

TIAA representatives offer individual retirement consultations to Utah Tech employees. In-person appointments are available on campus on scheduled dates throughout the year, and virtual consultations are also available.

During your appointment, you can discuss retirement savings, investment options, and planning for future financial needs.

For scheduling assistance, contact TIAA at 800-732-8353.

TIAA Financial Education Webinars

TIAA offers financial education webinars covering retirement planning, investing, and other financial topics. Employees can participate in upcoming sessions and access eligible webinar recordings online.

Contact

Office of Human Resources

Email: hr@utahtech.edu

Phone: 435-652-7520

Fax: 435-656-4001

Office: North Burns 140-154
225 S. University Avenue
St. George, UT 84770