CICV Multiple-Employer Plan (MEP)
Roanoke College recognizes the importance of providing you with ways to plan for your financial future. As part of the Council of Independent Colleges in Virginia (CICV), Roanoke College is participating in the Virginia Private Colleges and Universities 403(b) Multiple Employer Plan (MEP). Your retirement program is an important part of your overall benefits.
Defined Contribution Plan
The college will begin contributing a designated percentage of an employee's base salary starting the first of the month following employment.
Employee Contributions Plans
Tax Deferred Annuity Plan
The College sponsors a supplemental 403(b) tax deferred annuity plan.
Post Tax Roth Plan
The College also sponsors a supplemental 403(b) post tax plan.
For both tax deferred annuity plan and the post tax roth plan, the employees may begin voluntary contributions to this plan immediately upon hire.
IRS Retirement Limits
|
Retirement Limits |
2024 |
| 403b Deferral Limit |
$23,000 |
| 403b Catch Up Limit (Age 50+) |
$7,500 |
Salary Reduction Agreement Form
Link to Salary Reduction Agreement Form (For Tax Deferred Annuity)
Investment Options and Other Plan Information
Summary of Plan Services and Fees
Resources For Participants
TIAA Customer Service:
TIAA Customer Service: (800) 842-2776 or (800) 842-2252
Millennium Advisory Services:
Millennium Advisory Services Customer Service: (877) 435-2489
Email: schedule@mcmva.com
Retirement Plan Links