Middlebury College is committed to helping employees build a secure financial future.
We offer generous matches to employee contributions. TIAA, an industry leader specializing in retirement for non-profit institutions, provides valuable guidance and oversight. Counseling and advice is also available from TIAA to help employees navigate the world of investments and retirement planning.
All benefits-eligible employees (21 years and older) are required to contribute to our core retirement plan and all participants receive a generous match from the College.
New employees may qualify to go directly to the 9% or 15%
employer contribution level if the employee had participated
in a 401a, 401k, or 403b plan with a previous employer
within 6 months of the date of hire with Middlebury AND
that previous employer contributed in excess of 3% to the
retirement plan. Various restrictions apply: See HR for details.
Employees may choose to contribute additional amounts to the voluntary plans.