Employees can enroll in the CU 403(b) and choose whether to contribute funds before or after tax.

  • The pretax option lowers your taxable income now. You'll pay taxes on your distributions in retirement.
  • The 403(b) now offers a ROTH option. Consider the ROTH option if you want to contribute after tax, allowing for tax-free growth and tax-free distributions in retirement.
  • Not sure which option is right for you? Consider scheduling a no-cost personal consultation with a TIAA financial consultant.
Plan Features  403(b) pretax 403(b) ROTH
(after tax)
Plan Administrator TIAA
Who can participate? All CU faculty and staff
How much can you contribute?
 

 
Maximum: $19,500
Minimum: N/A
Catch-up contributions: $6,500
Combined limits:
  • CU voluntary retirement plans combined contribution limit between the CU 403(b) pretax option, CU 403(b) Roth option and PERA 401(k): $19,500
  • Combined contribution limit for age 50+ between these two plans: $26,000
  • Any combination of contributions made to the CU 403(b) pretax option, CU 403(b) Roth option or PERA 401(k) cannot exceed these limits
When are you vested? Contributions to this account will be 100% vested immediately.
When can you take money out?
Qualifying distributions:
  • Attain age 59 1/2
  • Retirement
  • Severance of employement
  • Disability
  • Financial hardship
  • Under the CARES act, new retirement plan provisions allow eligible members to withdraw funds. Learn more.
Qualifying distributions:
  • 5-year taxable period has passed
  • Attain age 59 1/2
  • Retirement
  • Severance of employment
  • Disability
  • Financial hardship
  • Under the CARES act, new retirement plan provisions allow eligible members to withdraw funds. Learn more.
Loans: Contact TIAA to learn about eligibility

Under the CARES act, expanded loan provisions are available for eligible employees. Learn more.
Investment choices





 
Target date funds: Take a hands-off approach where you invest in a target-date fund based on when you'd like to retire.
Core investment menu: From 18 funds on the 403(b) plan menu, you will be able to construct a well-diversified portfolio.
Self-directed brokerage: Seek and invest funds outside the 403(b) plan's core investment lineup. 

Please note: Brokerage account holders are subject to fees.
See investment lineup
What are the fees? The administrative fee is 0.057% of your total balance for the services being provided.