Voluntary 403(b) Retirement Plan

USF's Voluntary Retirement Plan 403(b) helps benefits-eligible faculty and staff save now for future living expenses while also saving on taxes today.


  • As a new employee and if eligible, you will be automatically enrolled in the 403(b) plan with TIAA at 3% of your salary.
  • Pre-Tax contributions are deducted from your paycheck and deposited into an established TIAA account. You can choose how to invest these contributions by simply accessing your TIAA account online or speaking with a customer service representative. The Qualified Default Investment Alternative (QDIA), if you choose not to make an election, is the TIAA Lifecycle Funds.
  • Log into Workday from your myUSF dashboard to increase or decrease the amount of your contribution or end auto enrollment at any time throughout the year.
  • Your contributions are vested immediately.

Enrollment by Salary Reduction Agreement

If you are an eligible employee and you were not automatically enrolled in the Plan or opt to contribute a different amount you can do so at any time.

  • First, complete a Salary Reduction Agreement to elect a whole percentage or flat dollar amount you want to contribute per pay period as a pre-tax contribution or an after-tax Roth contribution and select an investment company (TIAA or Fidelity).
  • Next, complete an investment company application form, if were not previously enrolled in the Plan, and choose your investments. Return both forms to the Human Resources-Benefits Office.
  • You are eligible to contribute any amount up to the IRS limits.
  • Your contributions are vested immediately.

Roth 403(b)

Roth 403(b) can offer an additional way to save for retirement and generate tax-free retirement income with TIAA and/or Fidelity Investments. Unlike a traditional, pretax 403(b), the Roth 403(b) allows you to contribute after-tax dollars and then withdraw tax-free dollars from your account when you retire.

Meet with TIAA or Fidelity

Take the time to establish and monitor your financial goals at least annually by scheduling an appointment with a representative from the retirement plan provider. Here’s how:

  TIAA Fidelity
One-on-one Meet with a financial consultant on campus
View schedule and RSVP
Meet with a financial consultant on campus
View schedule and RSVP
Phone Call (800) 842-2252
Monday-Friday: 5 a.m.—7 p.m.
Saturday: 6 a.m.—3 p.m.
Call (800) 343-0860
Monday-Friday: 5 a.m.—9 p.m.
Saturday: N/A
Online Visit www.tiaa.org/usfca Visit Fidelity's online booking page

*All times are Pacific Time