Am I eligible to participate in the plan?

• If you work in a position that is not contingent on student status, you are eligible to participate in the VTDA.

• You are eligible to participate in the SRP if you are in an eligible class of employee (titled faculty or employee who works in a position not contingent on student status). You must also have completed one year of service (as defined by at least 1,000 hours in a 12-month period) and have attained a minimum age of 26.

How do I enroll in the plan?

• Human Resources holds weekly information sessions. Please call us at 617-573-8415 if you would like to sign up for a session.

• You may enroll online with Fidelity  or TIAA-CREF.

• You must complete a Salary Reduction Agreement before your contributions begin. Please return the completed agreement to Human Resources. 

 How much can I contribute to the plan?

• Each pay period your contribution to the SRP is 5% of your gross compensation.

• You may supplement your contributions by contributing an additional amount to the VTDA. The primary maximum for your combined contributions to the VTDA and SRP is up to the maximum allowed by law. If you are age 50 (or will be age 50 by the end of the calendar year), you may contribute an additional $5500 beyond the primary maximum.

How much does Suffolk contribute to the plan?

• Each pay period Suffolk contributes 9% of your gross compensation to the SRP on your behalf. The University does not contribute to the VTDA.

What are my investment choices?

• Your choices for vendors are Fidelity and TIAA-CREF.

• Your fund choices are organized into three tiers:

Tier One*
Investment type: Lifecycle/Target Date Funds
Participant type: Participant wants a greater level of professional guidance when investing
Fund Sponsor choice: Fidelity, TIAA-CREF
Contributions: Your SRP (5%) & VTDA, Suffolk’s SRP (9%)
* This Tier will be monitored on a regular basis by investment advisors.

Tier Two*
Investment type: Core Funds/Variable Annuities (TIAA-CREF only)
Participant type: Participant wants a greater level of control over account management
Fund Sponsor choice: Fidelity, TIAA-CREF
Contributions: Your SRP (5%) & VTDA, Suffolk’s SRP (9%)

Tier Three**
Investment type: Brokerage Account
Participant type: Participant is investment savvy and wants total control over account management
Fund Sponsor choice: Fidelity
Contributions: Your SRP (5%) & VTDA
** This Tier will not be monitored by investment advisors. This choice will allow for investments outside of Tiers 1 & 2.

A complete list of fund choices can be found here:

Investment Fund Offerings 

Who do I contact for additional information about the plan?

TIAA-CREF
800-842-2776
Website: www.tiaa-cref.org/suffolk

Fidelity Investments
800-343-0860
Website: http://www.fidelity.com/atwork

Human Resources