Retirement Savings Plan

Brandeis University’s Retirement Plan is a 403(b) defined contribution plan in which both employee and university matching contributions and may be invested. At the direction of eligible employees, contributions may be made to one or more of the available investment options sponsored by Fidelity Investments and TIAA or both vendors.

Brandeis Retirement Planning Website and Retirement Service Center/NetBenefits
Visit the Retirement Planning website for plan and investment details. Any changes to your contributions and/or investment provider elections will be made on Brandeis Retirement Planning website at netbenefits.com/brandeis or by calling the Retirement Service Center at 800-343-0860.

Retirement Planning Website User Guide

Contribution Limits

The IRS recently announced the Annual Contribution Limits for 2020.

The contribution limit for employees who participate in the 403(b) Retirement Savings Plan increased from:

  • $19,000 to $19,500
  • Catch-up contribution limit for employees aged 50 and older increased from $6,000 to $6,500

If you are 49 or younger your combined Employee Required Basic and 403(b) Supplemental Maximum Contribution in 2020 is $19,500.

If you are 50 or older your combined Employee Required Basic and 403(b) Supplemental Maximum Contribution in 2020 is $26,000.

Example-How to determine the maximum 403(b) contribution amount allowed? 


Reminder

Are you contributing as much as possible to your 403(b) Retirement Saving Plan?

Workday will not allow contributions above the IRS Maximum amount allowed.

  • Brandeis does not monitor individual's maximum contributions to your Plan.
  • You are responsible for monitoring your annual contribution amounts, which are reflected on your pay slip.
  • You may seek assistance in determining your supplemental contribution amount from representatives at TIAA-800-842-2273, Fidelity- 800-343-0860 or your tax advisor.

Retirement Plan Individual Counseling Sessions Representatives from TIAA and Fidelity are ready to help you:

Concerns about the spread of COVID-19 (novel coronavirus) continue to intensify across the country. Fidelity and TIAA takes the health and safety of you and their associates very seriously. To do their part to slow down the rate of transmission of the coronavirus, our vendors have suspended all in-person employee meetings and group workshops.

Both Fidelity and TIAA remain committed to supporting you during these challenging times and will continue to be there to help address your concerns.

If you have a one-on-one appointment with a Retirement Planner, they will contact you with instructions for meeting by telephone.

To request or reschedule an appointment, please visit:

Fidelity: getguidance.fidelity.com  or call 800-642-7131

TIAA: www.tiaa.org/schedule  or call 800-732-8353