403(b) Retirement

TIAA-CREF

Butler University wants to support employees in saving for retirement and offers the opportunity to contribute to the Butler University 403(b) Retirement Plan, administered by TIAA, on a pre-tax basis, a Roth (after-tax) basis, or a combination of both.

If you are an eligible full-time employee who has completed one year of service and you contribute at least 5% of your salary to the plan, whether through pre-tax contributions, Roth contributions, or a combination of both, the University will make a discretionary matching contribution of 10% to the plan on your behalf. To make your salary deferral election(s), set up an account with TIAA and follow the online salary deferral election instructions. Please follow the instructions below to get started.

Butler employees who work less than full-time may also contribute to their retirement account through pre-tax and/or Roth salary deferrals and are eligible to enroll in the plan the month following their date of hire. The employer match does not apply to employees working less than full-time. All employees are always 100% vested in all of their accounts in Butler’s TIAA retirement plan.

To complete enrollment or update/change information:

  • Go to www.TIAA.org/butler.
  • Select “Enroll or update.”
    • If you are a first-time user: Select “Register with TIAA to create your user ID and password.”
    • If you are a returning user: Enter your TIAA user ID and select “Log In.”
  • Follow the prompts and print out the confirmation page. You are now enrolled.
    • Please be aware that there are election deadlines required for processing online elections. Review the payroll date and election date schedule provided on the TIAA website.

 Remember to balance out your supplemental retirement plan contribution so that you do not reach the annual IRS limit too soon. When this happens, all your contributions are terminated, and you might miss out on the 10% employer match for which you are eligible.

To change investments or transfer funds:

  • Go to www.TIAA.org/butler, select “Log In,” then enter your TIAA user ID and password.
  • In the My Account drop-down menu, select “Manage Investments.”
    • To Change Investments for Future Contributions: Select “Change Allocation of Contributions” and select each account/contract you would like to update and enter your investment instructions.
    • To Transfer Funds: Select “Change My Investments” and select each account/contract you would like to update and enter your investment instructions.

To change beneficiary designation:

  • Go to www.TIAA.org/butler, select “Log In,” then enter your TIAA user ID and password.
  • In the My Account drop-down menu, select “Change Beneficiaries.”

Summary Plan Description (PDF)

Take advantage of Butler’s employer match

We’re committed to helping you save for your financial future

Your Butler University Retirement Plan comes with a powerful advantage—you become eligible to receive employer-matching contributions after one year of employment. Whether you’re just beginning to save for retirement or looking to boost your existing strategy, making the most of this benefit is one of the smartest financial moves you can make.

Put the employer match to work for your future

If you contribute 5%, Butler University will match your contribution at 10%. If you’re not enrolled in the plan—or not contributing enough to receive the full match—you’re walking away from “free” money.

Benefits of Butler’s employer match

Your contributions to the plan, combined with the employer match and the effects of compound interest over time, can make a significant difference in your financial well-being in retirement. But you must contribute to the plan to benefit from the match.

You can discuss your personal financial situation with an experienced TIAA Financial Consultant on a confidential basis. TIAA Representative Ben Voss is available to help you pursue your financial goals and plan for retirement.

Ben Voss, TIAA Financial Consultant
ben.voss@tia.org
Office: 317-706-6208

Visit tiaa.org/schedulenow or call 800-842-2252, weekdays, 8:00 AM–10:00 PM (ET).