Retirement Plans

Hood sponsors a 403(b) retirement program through TIAA.

Employees select the investment mix for their retirement plan(s). Employee and College (if eligible) contributions are 100% vested.

Eligibility: Eligible on Date of Hire
College Contribution: Hood College provides a 1.5% Non-Elective Contribution for all eligible employees no matter what they contribute; and then matches employees up to 5%.
Employee Contribution: Any percentage of base pay, contributions subject to IRS annual limits.

Eligibility: Available upon employment or transfer to eligible employment class.
Employee Contribution: Any percentage of base pay, contributions subject to IRS annual limits.
College Contribution: Not Applicable.
Additional Info: Employees who are eligible to make contributions to the Defined Contribution plan can also participate in the Supplemental Retirement plan.

Amount allowed for participants in 2023: $22,500
Additional amount allowed for participants age 50 or over in 2023: $7,500
If you are already in the retirement plan and want to change the amount of your contribution, or to determine your eligibility to defer additional funds, please go to How to Enroll & Change Contributions bar above

Updated on 03/31/2023

Retirement Plan SPD with Supplement

Note: You must be signed into your Hood College account to view these documents

Annual Qualified Default Investment Alternative (QDIA) Notices

TIAA Resources

For general questions call 800-842-2252
Monday-Friday, 8 a.m.-10 p.m. (EST), Saturday 9 a.m.-6 p.m. (EST)
Representatives from TIAA are on campus on a periodic basis to provide individual counseling sessions on investment strategies, long-term investment goals, asset allocation and general retirement and financial planning.
TIAA Virtual Consulting Flyer
TIAA Visit to Campus

CBIZ Resources

CBIZ is Hood College's independent advisor for the retirement plan.

FIT Services Video Flyer

Upcoming Webinars

Date	Time	Title
January 10	Noon- 1 p.m.	Quarterly economic and market update: understanding volatility and recent trends Hear from our chief investment officer about challenges investors are facing and tips on how to navigate them.
January 16	2 to 3 p.m.	Invest for success: 5 principles you need to know Start the new year off right! This webinar can help you understand the key principles of investing for retirement. From compounding to taxes to choosing investments, you’ll learn that how you invest for retirement is just as important as how much you save.
January 18	3 - 4 p.m.	Take control of your financial life: 5 steps to managing money and debt It’s time to turn over a new leaf. If you’re just starting out or want to improve your day-to-day financial skills, this webinar will help you learn how to manage your money and balance your priorities so you can enjoy life now and save for the future.
January 24	1 - 2 p.m.	Cybersecurity/identity theft protection for elders: Help protect yourself, your family and your money Are you concerned about identity theft and your family’s security online? TIAA’s Information Security team will discuss how elders can protect themselves and their families from cybercriminal social engineering.
February 1	3 - 4 p.m.	Opening doors to the future: Save in a 529 college savings plan
February 6	12 - 1 p.m.	Inside money: Managing money and debt
February 15	2 to 3 p.m.	She’s got it: A woman’s guide to saving and investing
February 21	1 - 2 p.m.	Gaining insight: Navigating debt consolidation and understanding the mortgage process
March 6	2 to 3 p.m.	The starting line: Beginning to save for retirement
March 14	1 - 2 p.m.	Attention to detail: Financial finishing touches for women
March 20	Noon- 1 p.m.	Paycheck for life: Set your sights on retirement security
March 26	3 - 4 p.m.	Live with confidence in retirement: Five steps to creating your retirement income plan

Retirement Plans

Human Resources

Upcoming Webinars

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