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  • Benefit elections must be made within 31 days of your hire date.
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403(b) Savings Plan

Emory offers the Medical House Staff a 403(b) Saving Plan and a 403(b) Roth Plan. Employees can make contributions to one or more of the following retirement vendors: Fidelity Investments, TIAA-CREF, and The Vanguard Group.

 

News

Click here for a message from Tiaa Cref on Participant Information

 

Eligibility

All full-time and part-time employees are immediately eligible to contribute to the Savings Plan using pre-tax dollars only.

Medical House Staff are not eligible for employer basic or matching monies.

How to Enroll

  • How To Enroll - New Online Enrollment !

  • Step 1:

    1. Log On to the Employee Self-Service at http://leo.cc.emory.edu, click on Self Service to expand
    your available selections.
    2. Select Benefits and then click 403(b) Savings Plan Election.
    3. From here you can choose to:

    a. Make elections and vendor selections by clicking the button, “Click here to enroll, change or stop 403(b) elections”
    b. Calculate your maximum allowed contributions by clicking the button, “Click here to model 403(b)
    maximum contributions”

    4. After selecting your elections, click the Submit Elections button. Print a copy of this page for
    your records.
    5. Once you have successfully enrolled, contact the vendor(s) you have selected and make your investment elections.

  • Step 2: Complete an enrollment for each vendor you select either on their web site or by phone.
    • Fidelity: (800) 343-0860
      Under ACCOUNT ACCESS, select NEW USER; enter your SSN. From there, you are presented with a series of questions to set up the account. You then select your funds.
      • Loans are available with Fidelity and subject to terms. Please contact Fidelity for information.
    • Vanguard: (800) 523-1188
      On the web site, go to PERSONAL INVESTORS; then SIGN UP FOR ACCESS. Check the box of Employer Sponsored Plan. The Plan number for Vanguard is 091326. From there, you are presented with a series of questions to set up the account. You then select your funds.
      • Beginning in the first quarter of 2010, all Vanguard Emory University Retirement Plan 403(b) participants will be charged an annual administrative fee of $10.  The administrative fee covers the costs associated with recordkeeping, account statements, participant education, postage, and other services for the Plan and its’ participants.
    • TIAA-CREF: (800) 842-2888
      For TIAA CREF go to  www.tiaa-cref.org/emory. Click on the ENROLL NOW button in the right corner. Next, select the link for the plan(s)* you wish to enroll in: (Do not change the access code)
    • From there, you are presented with a series of questions to set up the account.
    • Make sure to choose your funds as you walk through the enrollment.
    • *TIAA-CREF Plan Change
      Beginning May 1, 2011, the Emory University Retirement Plan will
      be adding a new annuity option, a Group Retirement Annuity (GRA), through TIAA-CREF. Access to the Retirement Annuity (RA) contract
      will be limited going forward; see below for additional details.
      What Does This Mean For You
      • Current RA Participant
      - Future Contributions. If you are currently actively contributing to
      the RA contract each pay period, you can continue to have future contributions deposited in the RA contract going forward.
      - Transferring Your RA Balance. If you are currently actively contributing to the RA contract each pay period, you will not need
      to make any changes as your funds will remain invested in the RA unless you choose to move them. Should you choose to transfer a portion of, or all of, your current RA balance to a GRA contract, you may request a transfer at anytime by contacting a TIAA-CREF consultant at 800-842-2252. Please understand that once you transfer your RA balance or redirect your future contributions to the GRA, you will no longer be permitted to invest in the RA contract with TIAA-CREF.
      • Current Plan Participant — Not Invested in the RA Contract
      - Future Contributions. If you are NOT currently actively contributing
      to the RA contract, the only annuity option for plan participants after May 1, 2011, will be the GRA contract under TIAA-CREF.
      • Newly Eligible Plan Participants
      - Future Contributions. After May 1, 2011, newly eligible participants
      under the Plan may elect to direct their investments to the GRA contract as the RA contract will no longer be an investment option.

    * please note that the Emory Basic Plan is the first 1% and 2%.

      • Loans are available with TIAA-CREF on the GSRA contract only and is subject to terms. Please contact TIAA-CREF for information.

How to Make Changes to the Plan

You can change your contribution amounts through Employee Self Service. To change your allocations and funds with your vendors, go to your retirement vendor account online.

How to Change Your Beneficiaries

Contact your retirement vendor for changes to the beneficiaries.

Vendor Contacts

Fidelity Investments
(800) 343-0860
www.mysavingsatwork.com/atwork.htm

Vanguard
(800) 523-1188
www.vanguard.com

TIAA CREF Financial Services
(800) 842-2888
www.tiaa-cref.org

Accessing Funds in Your Retirement Plan While Employed

If you need to take a distribution from your retirement plan while you are an Emory employee, there are several options:

•   Plan Loan: Enables participants to withdraw fundson supplmental monies only that may be used to cover certain medical or educational expenses, or to purchase a primary residence. Plan loans are repayable through ACH and do not require participants to cease participating in the plan during the term of the loan. No penalties are assessed for accessing your money. (TIAA-CREF and Fidelity ONLY)

•   Hardship Withdrawal: Enables participants to withdraw funds to cover certain medical and some educational expenses or home purchase or repair items. Hardship withdrawals do not require repayment, but are subject to IRS penalties for early withdrawal and are taxable to the participant. Hardship withdrawals also require that participants cease participation in the plan for six months. All loans must be taken before a hardship.

•   In-Service Withdrawal: Enables employees who have reached 591/2 years of age to withdraw funds. Withdrawal requests are not subject to IRS penalties for early withdrawal and do not require participants to cease participation in the plan. Withdrawals are taxable to the participant at the time they are received.

Contact the your vendor of choice to learn about options for accessing funds in your retirement plan while employed at Emory. Accessing funds while employed will require you to complete forms and submit them to the vendor for approval and processing.

 

Plan Information Documents

Investment Performance Chart 403(b) Summary Plan Description
Retirement Counseling  
Emory Universtiy Retirement Plan Document  

Plan Forms

Emory University Benefits

Hours of Operation: Monday through Friday from 8:00 a.m. to 5:00 p.m.
Wed - 8:00am - 3:00pm
1599 Clifton Road, NE
Atlanta, GA 30322
(404) 727-7613 phone
(404) 727-7145 Fax

Disclaimer

Emory reserves the right to terminate, suspend, withdraw, amend or modify the Plan in whole or in part at any time. Further, Emory reserves the right to terminate or modify coverage for any group of employees, active or retired and their dependents or a class of dependents at any time.
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