Investing for retirement: It’s now automatic

Investing for your future is now easier than ever through the University of San Francisco’s 403(b) Plan “Auto Enroll” Feature

It can be challenging to save for retirement. To help you get a head start in saving for your future, we are introducing a new “Auto Enroll” feature to the University’s 403(b) Plan. Auto Enroll will start your savings and help you pursue your long-term investment goals.

Beginning January 1, 2012:

- If you do not already contribute to the University’s 403(b) Plan with TIAA-CREF, Fidelity or VALIC, you will be automatically enrolled in the Plan with TIAA-CREF as the selected vendor at the 3% pretax contribution level. The Auto Enroll feature is an important and valuable benefit that can help you boost your retirement savings. Also, since the contributions are pretax, your taxable wage base is lower, meaning you have less federal and state taxes being deducted.

- If you already contribute to TIAA-CREF, Fidelity or VALIC, but contribute less than 3% to the Plan, you will be automatically enrolled with TIAA-CREF for the difference between 3% and your contribution level.

- If you already contribute 3% or more to TIAA-CREF, Fidelity or VALIC, your current election will continue, and you will not be automatically enrolled. This is a revision to the information provided in the 2012 Benefits Guide.

If the timing for Auto Enroll is not right for you, you can opt out, change, or stop contributions at any time. Please click here to read the FAQs for the opt-out process and other information about Auto Enroll.