Voluntary 403(b) Retirement Plan

New 403(b) Contribution Limits

The IRS has announced an increase to the contribution limit for the 403(b) Voluntary Retirement Plan for 2024. Review the new 2024 403(b) limits.

Note: If you are currently contributing the maximum amount and would like to continue with the same contribution, no action is needed on your part. 

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.

Enroll with our Online 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.

  • Complete our Online Salary Reduction Agreement from the USFWorks homepage, or by logging directly into your account at University of San Francisco | Home (tiaa.org)
  • 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. 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.

Find out if a ROTH 403(b) is right for you.

Meet with a TIAA Financial Consultant

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

One-on-one Meet with a financial consultant online
View schedule and RSVP
Phone Call (800) 842-2252
Monday-Friday: 5 a.m.—7 p.m.
Saturday: 6 a.m.—3 p.m.
Online Visit www.tiaa.org/usfca

*All times are Pacific Time