Retirement Plans

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.

Core Plan

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.

 

Years of Service

Employee Age

Participant Contribution Rate**

College Contribution Rate

0-2

21+

3%

3%

2+

<45

3%

9%

2+

>45

6%

15%

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.

Voluntary Plans

Employees may choose to contribute additional amounts to the voluntary plans.

Voluntary Plan Description (403b)

Universal Availability Notice

Middlebury
Human Resources
Marble Works
152 Maple St.
Suite 101
Suite 203 (Benefits)
Middlebury, VT 05753
Phone: 802-443-5465
Fax: 802-443-2920
Benefits Fax: 802-443-2058