Middlebury

 

Retirement Plans

Middlebury College is committed to helping employees build a secure financial future.

We offer generous matches to employee contributions.  TIAA-CREF, an industry leader specializing in retirement for non-profit institutions, provides valuable guidance and oversight.  Counseling and advice is also available from TIAA-CREF 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 Voluntary Plan Description (403b)