Human Resources > Benefits > 403(b) Retirement Plan

403(b) Retirement Plan

​​​​​The 403(b) retirement plan provides eligible faculty and staff with the opportunity to accumulate tax-deferred retirement funds.  In accordance with plan provisions, eligible employees may make tax-deferred contributions and receive tax-deferred university contributions for the purpose of investing these funds in a variety of investment vehicles offered by the plan’s investment fund sponsors. Earnings on the contributions are also tax deferred. Login to your 403(b) account.

Upcoming Change for DePaul's 403(b) Retirement Plan

What Is Changing?

Effective July 21, 2021, Fidelity Investments® will become the single service provider for receiving contributions and providing plan services for the DePaul University 403(b) Retirement Plan. This means that all future contributions to the Plan will be made to accounts at Fidelity, including employee pre-tax deferrals as well as the University matching contributions. 

Additionally, all eligible custodial mutual funds will move from TIAA to Fidelity. All annuity holdings participants currently have with TIAA will be retained by TIAA.

To prepare for this transition, a “blackout period” for certain account activities began on July 16 at 3 p.m. Click here for details about key dates associated with this transition.​ 

What Do I Need To Do?
  • Fidelity participants - No action is required during this transition.  As a current Fidelity participant, your balance in the Plan will remain at Fidelity and you will continue to manage your account as you do now.  However, this is a good time to review your investment elections and retirement goals to ensure you are on track.  Some investment options will be changing in order to provide lower expenses to all participants.
  • TIAA participants - No action is required for your mutual fund holdings to be transferred to Fidelity. All participants who do not already have an account with Fidelity will need to complete a beneficiary designation and an investment election.  If you have no investment election on file at Fidelity, your balance will be invested in the appropriate Target Retirement Fund based on your year of birth until you make an affirmative election. For detailed information about which holdings at TIAA will transfer to Fidelity and which will remain with TIAA, review the TIAA Participants Transition Gui​de

How Can I Learn More?

  • Review the transition webinar hosted by DePaul on April 21 that offers information about the process and answers to questions about how the transition will occur. (Retired participants should review this webinar hosted on April 23.)

  • Schedule a complimentary one-on-one meeting with representatives from Fidelity and TIAA to discuss how the change may or may not impact your retirement savings strategy.
We encourage all participants to learn more about this change and take any steps necessary to support their individual retirement goals. 


Plan Notices and Fee Disclosures

Notices regarding fund changes, investment performance, fees and expenses are delivered to employees regularly.


Investments

Please note, effective October 1, 2017, any new hires or participants without a current TIAA account in the 403(b) Plan, will be able to select investments on the Fidelity platform only. See the notice about plan changes.


Fidelity Investment Information

Visit http://mv.participantdisclosure.com (Password: 62919) for information and resources to help you make informed investment decisions, including more detailed information on the Plan’s investment options.


TIAA-CREF Investment Information

Visit www.tiaa-cref.org/planinvestmentoptions (Plan ID 100990) for a current list of investment options and detailed descriptions of each.


The 403(b) retirement plan provides eligible faculty and staff with the opportunity to accumulate tax-deferred retirement funds. In accordance with plan provisions, eligible employees may make tax-deferred contributions and receive tax-deferred university contributions for the purpose of investing these funds in a variety of investment vehicles offered by the plan’s investment fund sponsors. Earnings on the contributions are also tax deferred.