Retirement Savings Plans 2018

Tufts provides a generous university-funded retirement plan to eligible faculty and staff. If you are benefits-eligible, Tufts University contributes a percentage of your base salary to the University-Funded Retirement Plan.

If you wish to save more for retirement, you may also choose to make contributions to the Tufts University Self-Funded Retirement Plan. If you wish to save more for retirement, you can elect to contribute to the 403(b) Voluntary Retirement plan.

Go to eServe to review, enroll in, or make changes to your retirement savings plan elections. For step-by-step instructions, click on the tip sheets below

Tufts University-Funded Retirement Plan - 401(a)

You are automatically enrolled in the Tufts University-Funded Retirement Plan on your date of hire if you are a benefits-eligible employee and age 21 or older. This is a 401(a) plan.

Contributions:

  • If you are age 21 to 39, the university will contribute 5% of your base salary, up to the Social Security wage base, and 10% of your salary above the Social Security wage base. The Social Security wage base for 2018 is $128,400.
  • If you are age 40 or older, the university will contribute 10% of your base salary, up to the Social Security wage base, and 15% of your salary above the Social Security wage base. The Social Security wage base for 2018 is $128,400.

Note: The Social Security wage base for 2018 is $128,400 

If you do not make an investment election, your contribution will be invested into the plan default, a Vanguard Target Date Fund.

You are 100% vested in the Tufts University-Funded Retirement Plan once you have completed three years of eligible service.

Self-Funded Retirement Plan

You may also choose to enroll in the Self-Funded Retirement Plan to contribute your own funds toward your retirement. This is a 403(b) Voluntary Retirement plan. If you are an eligible employee, you may sign up for the Self-Funded Retirement Plan on your date of hire or the first of any following month.

How to Enroll
To enroll, increase or decrease your contributions, or to change your investment choices, log into eServe. For detailed instructions on how to make a change, refer to Updating Your 403(b) Tip Sheet.

You may contribute up to the maximum IRS annual limit each year.

  • If you are less than age 50, you can contribute up to $18,500 for calendar year 2018.
  • If you are age 50 or older in 2017, you can contribute up to $24,500 for calendar year 2018.
  • You are always 100% vested in this retirement plan.
  • Hardship and loan provisions are available under this plan.
  • You may roll over funds from other employer-sponsored qualified plans.

For More Information

Contact the company that manages your investment fund:

Fidelity Investments at 800-343-0860 or for one-on-one consultations, call 800-642-7131

TIAA at 800-842-2776 or for one-on-one consultations, call 800-732-8353

For questions about your Tufts University benefits, contact Tufts Support Services at tss@tufts.edu or 617-627-7000.