Human Resources > 2019-Plan-Notice-and-Fee-Disclosure

403(b) Plan Changes and Annual Notices

403(b) Plan Changes, Annual Fee Disclosure and Universal Availability Notice

Attention All DePaul University Full-Time and Part-Time Faculty and Staff employees:

Please see below information on important annual notices for eligible employees and participants in the DePaul University 403(b) Retirement Plan (the “Plan”). Also below are details related to upcoming changes to your investment fund lineup and a new Automatic Increase Program to increase plan participants’ savings rates automatically each year, and discontinuation of the 15 Year Service Rule Catch-up provision. Please read this information carefully.

403(b) Plan Fund Changes

Recently, DePaul University completed an analysis of the current investment line-up within the Plan. Based on this review, effective December 19, 2018, DePaul is electing to make the following changes to those options in an effort to maintain the best possible employee retirement benefit program:

  • Replace the Vanguard Real Estate Index Fund Admiral Shares with a new share class, the Vanguard Real Estate Index Fund Institutional Shares
  • Replace the Vanguard Small-Cap Growth Index Fund Admiral Shares with a new share class, the Vanguard Small-Cap Growth Index Fund Institutional Shares
  • Replace the Vanguard Total International Stock Index Fund Admiral Shares with a new share class, the Vanguard Total International Stock Index Fund Institutional Shares

For more details on these changes, additional information about the funds listed above, and instructions for any actions you may want to take prior to the fund changes taking effect, please review the full notice:

Click here for the full 403(b) Plan Fund Change Notice - Effective December 19, 2018.

Automatic Increase Program – Coming for 2019

New! Beginning January 1, 2019, active Plan participants will be enrolled in the DePaul University 403(b) Plan’s Annual Increase Program — a convenient way to boost workplace savings contributions on a regular basis to keep on track to meet your retirement goals. Each year, Plan participants contributing less than 10% will see their contribution rate increase by 1% until they reach the 10% employee contribution threshold, unless they elect otherwise. If you would prefer to elect an annual increase percentage different from the designated 1%, or if you elect not to participate in the Annual Increase Program, please contact Fidelity at 800-343-0860 or log on to and indicate your preferences before January 1 of each Plan year. Notices and confirmations will be issued to impacted participants directly from Fidelity. For more details, click here or visit

Change to Annual Limits and 15 Year Service Rule Catch-up

403(b) contribution limits have increased from 2018. The limits for 2019 are:

          General IRS 403(b) Contribution Limit:    $19,000
          Age 50+ Catch-Up Contribution Limit:     $ 6,000

Effective January 1, 2019, the 15-Year Service Rule Catch-Up will no longer be a provision included in the Plan, due to lack of utilization. The Age 50 Catch-Up Contribution generally is available to participants who are age 50 by the end of the calendar year. Please be aware that, if the contribution rate that you elected exceeds the General 403(b) Contribution Limit of $19,000, and you qualify to make Catch-Up Contributions, the Catch-Up Contributions will automatically be taken from your pay, and Catch-Up Contributions will be made on your behalf unless you opt out of the Catch-Up election through NetBenefits® at You must meet the General 403(b) Contribution Limit of $19,000 prior to making any Catch-Up Contributions.

Annual Fee Disclosures

The Department of Labor (DOL) requires annual notices to be provided to all eligible employees and Plan participants regarding fees and expenses in the Plan. These notices are intended to enable participants to better understand their current investment costs and provide an opportunity to review the merits of each of our Plan vendors, Fidelity Investments and TIAA.

Click here for the cover announcement from Human Resources.
Click here for the 9/30/18 Fidelity fee disclosure notice.
Click here for the 9/30/18 TIAA fee disclosure notice.

Please note, TIAA will be reducing their recordkeeping fee requirement from 10 basis points to 8 basis points annually, effective December 20, 2018. Fidelity’s recordkeeping fee remains at a flat $72 annually (billed quarterly at a rate of $18). Click here for more information on the fee structure implemented in 2017 for the Plan.

Universal Availability Notice

The Plan offers an attractive way to save on a pre-tax basis for your retirement and future financial goals. Full-Time and Part-Time Faculty, Staff, and Union Employees* are eligible to participate in the Plan. An eligible employee may enroll in the Plan, or change his or her contribution election at any time by logging on to NetBenefits® at or by calling a Fidelity Retirement Representative at 1-800-343-0860. If you are Faculty or Staff and contribute at least 5% of your pay to the Plan, you will receive the University's Matching Contribution of 9.5% of pay (increasing to 10% effective January 1, 2019) once you complete one year of service (or equivalent, as defined in the Plan document) and attain age 21. Union employees are not eligible for the University’s Matching Contributions.

Complete details about the Plan are available on the 403(b) page of the Human Resources (HR) website,, along with resources to assist you in making your contribution decisions:

Should you have any questions about the Plan, please contact the Benefits Department at or at 312-362-8232.

* Union Employees means those employees who are covered under a collective bargaining agreement (which does not provide for participation in the Plan)

Investing involves risk, including risk of loss.

TIAA and Fidelity Investments are not affiliated.