The 401(a) Defined Contribution plan consists of employer contributions only. The employer contribution consists of two contribution levels. First, a 3% discretionary employer contribution (no employee contributions are required), and second, 1% to 6% discretionary employer matching contribution (employee contribution required).
Eligibility for the Defined Contribution Plan follows the completion of 90 days of continuous service with the university. The waiting period will be waived if you have an existing 403(b) or 401(a) account with TIAA or Fidelity.
Vesting employer contributions is delayed over a four year period, 25% per anniversary year.
