Human Resources > Benefits > 403(b) Retirement Plan > How to Enroll

How to Enroll

Steps to Enroll, Enrollment and Auto-Escalation

The steps to enroll in your 403(b) retirement plan are listed below. But first, please read the following important notes about auto-enrollment and auto-escalation.


New hires, including rehires, will be automatically enrolled in the 403(b) retirement plan to make salary deferrals at a contribution level of 5% within 60 days following their hire date if they do not elect otherwise. If an employee is automatically enrolled in the plan and does not make a valid fund sponsor designation and investment election, the employee’s contributions will automatically be defaulted to Fidelity, and invested in the appropriate Vanguard Target Retirement Fund based on date of birth. Employees who are automatically enrolled in the plan may change their deferral elections or waive out of the plan at any time by following the Steps to Enroll listed below. If you are a new hire or rehire and do not want to be automatically enrolled, please follow the Steps to Enroll and opt out of the plan within 60 days of hire.


Employees have the option to automatically increase their contribution amount election each year by 1%, 2%, or 3%. It does not restrict you from making other changes to your 403(b) throughout the year. The regular annual contribution limits apply.

To enroll in auto-escalation, log into your Fidelity account and click on Quick Links > Contribution Amount > Annual Increase Program. You can then choose how much to increase your contribution percentage and select the specific date you want the increase to take place each year. After submitting the request, you should receive an email confirmation within 48 hours.

Steps to Enroll

Step 1: Read about the plan features and see the Summary Plan Description for full details about the plan.

Step 2: Decide how much you can contribute. You may contribute up to the following limits, but keep in mind that any contributions made at a prior employer in the same calendar year count towards these limits.

Annual Contribution Limits for 2020

  • General Employee Contribution: $19,500
  • Age 50 Catch-up Contribution: $6,500

To review or change your elections, please log in to NetBenefits and follow these instructions:

1. Select the drop-down ‘Quick Links’ from the homepage and select ‘Contribution Amount’
2. This should prompt you to the Contribution Amount page. Select the first option ‘Contribution Amount and Catch-up Contributions’
3. Be sure to click ‘update and submit’. You should receive an email confirmation within 24-48 hours.

Step 3: Review the Enrollment Guide for details on enrolling or making election changes to your 403(b) account. Visit Fidelity NetBenefits to log into your account and view details about the plan.

Step 4: Evaluate and select your investment funds. Details about the funds available in the plan, fees and performance/returns are available in the Fund Disclosures found below. Investment elections are made directly through Fidelity.

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.

Step 5: Make an appointment with a financial counselor. Representatives from Fidelity and TIAA are available to meet with you on an individual, confidential basis to review your plan options and retirement goals.

Step 6: Designate your beneficiaries by contacting Fidelity and TIAA directly. Beneficiaries must be updated separately with each applicable vendor.

Prior Service Credit

If you were employed full-time at another post-secondary educational institution within 120 days of hiring with DePaul, your prior continuous service may be credited towards the one-year service requirement for the University matching contribution, provided you submit documentation from your prior employer as follows:

  • On letterhead, from the prior institution.
  • Include employee name and dates of service (start and end dates.)
  • Confirm full-time status.

To obtain your prior service credit, submit the documentation within 90 days of hiring with DePaul to:

DePaul University
Attn: Benefits Department
Office of Human Resources
1 East Jackson Boulevard
Chicago, Illinois 60604