Human Resources

Retirement Plans

The College provides retirement benefits through a Matching Retirement Plan. A Voluntary Tax-Deferred Annuity Plan is also offered.  You may elect to direct your contributions to accounts with Fidelity, TIAA, or VALIC.

The College provides retirement benefits through a 403(b) tax-deferred defined contribution plan. Eligibility criteria and waiting periods for the College's matching contribution vary by classification of employment. An employee who meets the eligibility requirements must contribute, as a condition of employment, 3% of base salary on a pre-tax basis to receive the College's 9% match. Upon enrollment, all contributions are 100% vested. 

Emerson provides credit towards participation in its matching retirement plan based on previous employment at other accredited, degree-granting colleges and universities. The new employee must complete a Verification of Service Credit Form verifying that he/she has been employed by another higher educational institution for at least two years, at at least 1000 hours per year, and that this employment immediately preceded their employment at Emerson College (within 120 days).

The College offers a 403(b) tax-deferred annuity plan that allows employees to make voluntary, tax-deferred contributions through payroll deduction to either supplement or initiate their retirement savings. Employees may make pre-tax voluntary contributions to this plan up to the annual limits allowed by the IRS. No matching contributions are made by the College into the TDA plan.

For the 2016 calendar year, the IRS general contribution limit is $18,000. Employees age 50 and older can contribute an additional $6,000 under the "catch-up" provision.

Contributions to the Matching Retirement Plan and the Voluntary Tax-Deferred Annuity Plan (TDA) may be directed to accounts with Fidelity, TIAA, or VALIC. Your election may include one, two or all three of these vendors.

Your first step for enrollment is to establish an account with the vendor(s) of your choice by completing an application. For Fidelity and TIAA, see the links to the applications below. For VALIC, see the contact information (the application is done via phone).

Fidelity Retirement Plan Application

TIAA Retirement Plan Application

Valic Retirement Plan - Please contact Colin Hatchard at 1-855-666-3901, ext. 1.

Employees must also complete a Salary Reduction Agreement Form. Both the form and the application(s) must be completed and submitted to Human Resources before deductions can be made. 

Employees may increase, decrease or stop Voluntary Contributions up to four times per year by completing a new Salary Reduction Agreement Form. Changes will become effective as soon as practicable after submission of the form, but not later than the first day of the following calendar month.

Financial consultants from Fidelity, TIAA and VALIC come on-site monthly to meet individually with employees. For more information, including the current year's schedule of on-site meetings and information regarding meeting registration, select the vendor link below.

Fidelity On-Site Counseling Sessions

TIAA On-Site Counseling Sessions

VALIC On-Site Counseling Sessions

In accordance with federal fee disclosure reporting requirements, the document linked below, related to the Emerson College Defined Contribution Retirement Plan (Summary of Plan Services and Costs and the Investment Options Comparison Chart) is provided for newly hired employees to the College.

2014 Fee Disclosures