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Saint Louis University Retirement and 403(b) Plans

Saint Louis University employees can elect to contribute to a retirement or 403(b) plan. 

About SLU's 403 (b)Retirement Plan

The University retirement plan is a voluntary defined contribution plan. After one year of continuous service (at least 1,000 hours), the University will contribute to the retirement plan for eligible employees only if the employee is participating in the 403(b) plan. Due to the financial impacts of the COVID-19 pandemic, the University is suspending these employer matching contributions effective with payrolls beginning on or after July 1, 2020, and until further notice. Eligible employees will still become eligible for the matching contributions during the suspension period upon completion of the 1,000 hours requirement but will receive no matching contributions until the match contributions are reinstated.

Eligible employees are any person classified as an employee by the University, other than housestaff, adjunct faculty members, an individual whose employment is incidental to his/her education, or a member of a collective bargaining unit (unless the collective bargaining agreement provides for coverage under the retirement plan).

Contributions to the 403(b) plan are all tax deferred, and contributions made by the University are 100 percent vested immediately. For payroll periods beginning prior to July 1, 2020, the University’s contribution was based on the employee’s 403(b) contribution as follows:

Employee Contribution Employer Contribution
0 0
1% 2%
3% 6%
4% 8%
5% (and higher) 10%


For more information on the plans, please review the Summary Plan Description for Saint Louis University and Retirement and Annuity Programs Summary Plan Description.

The University 403(b) vendor is Teachers Insurance Annuity Association (TIAA). TIAA has joined with Saint Louis University to help prepare University employees for retirement. For almost 100 years, TIAA has been helping millions of people in the academic, government, medical, cultural and research fields plan for retirement. Together, we offer you options to tailor your plan to your investment style and goals. 

403(b) Plan Details

Tax deferred investments are available through salary reduction from TIAA. All employees are immediately eligible. Employees may enroll for the 403b online through TIAA. Additionally, new participants and employees already contributing to the 403(b) can create and modify your contribution percentage online through TIAA.

How to Enroll Online

The IRS maximum contribution for 2019 is $19,000.  Employees age 50 or over in 2019 may contribute an additional $6,000.  Current employees who wish to take advantage of the additional contribution may do so online through TIAA.

To calculate what the maximum percentage of salary that you can contribute, divide your targeted contribution by your annual salary. For example, an employee with an annual salary of $76,000 will be eligible to contribute 25% of his/her salary, calculated as follows, $19,000/76,000= .25 or 25%.

All contributions to the 403(b) are made pre-tax. The vendor calculator provides access to tools available on the vendor websites. This will allow you to preview the tax savings you will experience by contributing to the 403(b).

Instructions to Enroll Online

Contribution Change Deadlines

Contribution changes are made directly on the TIAA website and these are received by Saint Louis University on a set schedule per pay period. The timing depends on if you are paid biweekly or monthly. Refer to the table below if you want to make changes to your existing 403(b) contribution elections.


Payroll Cycle Number Check Date First Date to Change Elections Last Date to Change Elections
12 6/5/2020 5/14/2020 5/27/2020


6/19/2020 5/28/2020 6/10/2020
14 7/2/2020 6/11/2020 6/23/2020
15 7/17/2020 6/24/2020 7/8/2020
16 7/31/2020 7/9/2020 7/22/2020
17 8/14/2020 7/23/2020 8/5/2020
18 8/28/2020 8/6/2020 8/19/2020
19 9/11/2020 8/20/2020 9/2/2020
20 9/25/2020 9/3/2020 9/16/2020
21 10/9/2020 9/17/2020 9/30/2020
22 10/23/2020 10/1/2020 10/14/2020
23 11/6/2020 10/15/2020 10/28/2020
24 11/20/2020 10/29/2020 11/11/2020
25 12/4/2020 11/12/2020 11/25/2020
26  12/18/2020 11/26/2020 12/9/2020
27 12/30/2020 12/10/2020 12/21/2020



Payroll Cycle Number Check Date First Date to Change Elections Last Date to Change Elections
6 6/30/2020 5/15/2020 6/15/2020
7 7/31/2020 6/16/2020 7/16/2020
8 8/31/2020 7/17/2020 8/16/2020
9 9/30/2020 8/17/2020 9/15/2020
10 10/30/2020 9/16/2020 10/15/2020
11 11/30/2020 10/16/2020 11/15/2020
12 12/30/2020 11/16/2020 12/15/2020