Retirement

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This web page is about the Wake Forest University 403(b) Retirement Plan. See Prospective Retirees for information about retiring from the University.

The 403(b) Retirement Plan offers multiple ways to plan for your financial future. You have access to a menu of investments, consisting of best-in-class mutual funds and annuity options. Additionally, a self-directed brokerage account provides access to thousands of mutual funds not included in this investment menu.


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Retirement Service Administrator

TIAA

(800) 842-2776

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University Contributions

5% of regular salary, if greater than two, but less than or equal to five years of service.

7.5% of regular salary, if greater than five, but less than or equal to 10 years of service.

10% of regular salary, if greater than 10 years of service.

Your Contributions

Set aside money on a pre- or post-tax (Roth) basis immediately upon employment.


Enrolling or Making Changes

You will be automatically enrolled in the Wake Forest University Retirement Plan upon your employment, enabling you to begin contributing on a pre-tax basis immediately. You will be enrolled with a default contribution amount of 5% of your eligible pay. If you prefer to opt out, or if you want to change your contribution amount, visit the TIAA website or call (800) 842-2776.

If you opt out within 30 days of your hire date, no contributions will be made. If you opt out after 30 days, the update will apply to the next payroll; any existing contributions will remain in your Retirement Plan Account.

To enroll at a later date or make changes to your Retirement Plan Account:

  1. Visit the TIAA website and click “Enroll Now.” Follow the instructions on your screen. You may also contact a TIAA Financial Consultant at (800) 842-2776 to enroll or schedule a free one-on-one advice session.
  2. Select your investments and establish beneficiaries.
  3. If you meet prior service credit criteria, the two year waiting period for employer contributions may be waived. If eligible, you will receive a retirement packet from TIAA.
  4. You may change contributions in each pay cycle by visiting the TIAA website, clicking “Manage My Contributions,” and following the instructions on your screen.

Guidebook

Wake Forest University Human Resources
2598 Reynolda Rd, Winston-Salem, NC 27106  |  P.O. Box 7424
AskHR@wfu.edu   |  P (336) 758-4700 |  F (336) 758-6127

Se habla español.

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