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| hope college > human resources |
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INVEST Retirement Plan1) After one year of employment, you will be eligible for the College contribution of 10.5% to a 403b account on your behalf. (Human Resources will contact you directly 30-45 days prior to your eligibility date to outline the enrollment process of this benefit.) 2) Upon hire, or at anytime during your employment, you are eligible to participate to our retirement plan through voluntary pre-tax or post-tax (ROTH) contributions. For new hires, however, this will involve 1) enrolling in our current plan (instruction below) and then as the College is implementing a new recordkeeper and fund options as of October 1, 2013, 2) rolling those contributions made (between July – September), to a different provider / funds later this summer. Because of this additional step, some may wish to wait until October to begin their voluntary contributions. However, for those of you who still wish, knowing that transferring assets will be required, to begin your voluntary contributions immediately, below is the current enrollment process. As with any benefit, if you have questions, please contact vanderzwaag@hope.edu for assistance. You are eligible to contribute voluntary funds, withheld pre-tax, (unless to ROTH which is then post-tax) directly from your paycheck, and contribute to retirement funds with one or more of the following companies: Each company offers a brochure (view by clicking on their name) which is designed to aid you in your selection process. We also recommend consulting a financial planner if you require additional information in making this important election. (This benefit is not contingent on the 30 day new hire window for enrolling ... you may enroll at anytime in this benefit.)
The Hope College Retirement Plan Summary Description is available for your review/files. |
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