Retirement Plan

Roanoke College offers the Defined Contribution Retirement Plan through TIAA-CREF to all part-time and full-time regular employees. The College contributes 9.5% of annual salary and employees have a mandatory contribution of 5% of annual salary. Employee contributions in excess of 5% may be contributed to TIAA-CREF's Group Supplemental Retirement Account (GSRA).

Changes to the Roanoke College Retirement Plan Effective January 1, 2014

In light of recent changes to the regulatory and legislative requirements surrounding employer sponsored retirement plans, the Roanoke College Retirement Plans Committee was established to carry out the fiduciary duties and oversight responsibilities associated with the College's retirement plans. The Committee has engaged CAPTRUST Financial Advisors, an independent investment advisory firm, to assist with the Committee's ongoing duties.  For more information, please see the memo and TIAA-CREF Presentation below.

Retirement Plan Change Memo
TIAA-CREF Presentation

Retirement Limits for 2014

401k/403b/457 Deferral Limit

$17,500

401k/403b/457 Catch Up Limit (Age 50+)

$5,500


Link to Salary Reduction Agreement Form - TIAA-CREF 


How to Enroll

All eligible employees must enroll online. Use the link below for step-by-step instructions.
How to Enroll Online

Customer Service:

TIAA-CREF (800) 842-2776

Links:

TIAA-CREF/Roanoke College microsite
TIAA-CREF Information for Beneficiary Changes

Summary Plan Description:
Roanoke College Defined Contribution Retirement Plan
Summary of Material Modifications - HEART
Summary of Material Modifications - WRERA