Retirement Savings
Moravian Retirement Plan
The 91心頭 Retirement Plan is available to employees based on the following:
- Full-time employees who work a minimum of 30 hours per week are eligible for all employee benefits; does not include temporary appointments.
- Part-time employees who work less than 30 hours per week are eligible for retirement benefits
- Part-time employees are eligible to contribute to their 91心頭 Retirement Plan
- Part-time employees who work at least 1000 annual hours are eligible for the 91心頭 Retirement Plan
- Temporary employees hired on a casual or intermittent basis for a short duration to provide a limited service or for a specific function receive only access to contribute to the 91心頭 Retirement Plan and those benefits mandated by law.
- Interns employees hired into a temporary position usually not for more than 2 years in a role that provides for professional experience receive housing, a meal plan, access to contribute to the 91心頭 Retirement Plan and access to a student health plan and limited tuition benefits.
- Graduate Assistants - A graduate student is employed to assist faculty or staff members with administrative functions within a University department who is not performing research or teaching responsibilities; receive an hourly rate and tuition for six (6) courses per academic year and access to contribute to the 91心頭 Retirement Plan.
Deferral options are listed below. View the Summary Plan Description and most recent plan amendments or contact Sabrina Senick, senicks@moravian.edu, for more details.
Employer-funded account | Employee-funded account |
|---|---|
| Contributions can be made by 91心頭 on a discretionary basis.* Check with HR for the current contribution amount! Employee contribution is not required to receive the employer contribution. Eligible employees are automatically enrolled in the employer-funded retirement plan. A default investment option is selected. | Contribution types Pre-Tax All eligible new hires will have 4% of their paycheck automatically deferred on a pre-tax basis. There is an opt out option. Automatic enrollments will be increased by 1% on an annual basis. After-Tax Moravian offers an after-tax Roth deferral option, where no taxes are paid when money is withdrawn. |
Your contributions
| Online salary deferral | ||
| Change your retirement contribution amount by logging in to your . Locate the contributions link under the Actions header. Follow the prompts to start or make changes to your contributions. | ||
| Automatic increase feature | ||
| Automatically increase your retirement plan contributions to help you save more for your retirement. You select the amount of the increase, the frequency and the start date! | ||
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| Getting online access is easy | ||
| Visit . Click Log in in the upper-right corner and then Register for access. |
Carrier Information
TIAA
- Website:
- Phone: 800-842-2776
When was the last time you increased your contributions? A TIAA financial consultant can help you consider how to save more for retirement. Call TIAA at 800-732-8353, weekdays, 8 a.m. to 8 p.m. (ET), or on line.
- Understand all your investment options
- Determine how much to save
- Make informed choices and monitor your progress
*Moravian ministers under call may be required to remit the institutional contribution to the designated provincial church pension plan.