403(b) Retirement Plan

403(b) Retirement Plan

Retirement benefits are an important part of your total benefits package offered by Creighton University.  As a University employee, you are eligible to participate in the 403(b) retirement savings plan.

Creighton University's Retirement Plan allows you to electively defer money from your pay check on a pre-tax or post-tax basis.  You are eligible to contribute to the IRS limit each calendar year.

Retirement Plan Summary Plan Description

May 20, 2020 Announcement

Creighton University is committed to providing a comprehensive and competitive retirement package. As part of this commitment, we have historically offered an employer matching contribution in the Retirement Plan of Creighton University.

Due to the current financial realities related to the COVID-19 pandemic, and after a great deal of reflection, discernment and consideration, we are suspending employer matching contributions effective July 1, 2020, and until further notice.  You will still be able to make your contributions to the plan as you normally do.

During this uncertain and difficult time, we want you to know our care for our faculty and staff has not changed. But this is the unfortunate circumstance we and many other universities find ourselves in today.

We will evaluate this decision over the coming months and will notify you immediately when matching contributions will be able to begin again.

In the meantime, we encourage you to continue your 403(b) elective deferral contributions. During volatile times, it can be tempting to change how you invest. But in the long run, you're generally better off staying the course rather than trying to jump out of, then back into, the market.

To help you navigate this uncertain time, our retirement partners have created FAQs to help answer your questions about market volatility and how it impacts your retirement savings. 

Principal Participants: Read an F.A.Q. In addition, there is also a dedicated resource page on managing uncertainty.

TIAA Participants (those hired prior to 10.1.2008): Visit the following page for resources for guiding you through turbulent times.

Please contact Angie Mills in Human Resources at angiemills@creighton.edu for more information.

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