Santa Clara University's retirement benefits help employees build long-term savings and a source of income during retirement. In addition to SCU's defined contributions, eligible employees are able to make voluntary contributions on a pre-tax and post-tax basis.
401(a)- SCU's Defined Contribution Plan
The University will contribute an amount equal to 10% of benefit-eligible employees' base compensation. The IRS limits compensation that can be taken into account when determining how much can be contributed; for 2025 the annual compensation limit is $350,000. Employees become eligible on the first day of the month following or coinciding with their date of hire. Eligible employees are 100% vested after they have worked in a benefits-eligible position for a minimum of 1,000 hours in each of two calendar years.
403(b)- Employee's Voluntary Contribution Plan
Eligible employees, as defined in the 403(b) Summary Plan Description, are able to enroll in the 403b plan and make contributions as a percentage of their salary. Contributions can be made on a pre-tax or post-tax basis. Employees are 100% vested as of the date of the first contribution. Beginning 1/1/2026, all eligible participants will be automatically enrolled in the 403(b) plan with a 5% contribution. If you would like to elect 0% or contribute another amount, you may do so through the Retirement Plan Portal. Please review the 403(b) Auto Enrollment FAQ for other important information regarding 403(b) Auto Enrollment.
IRS Maximums
- $23,500
- Catch Up Contribution (Age 50 and over): $7,500
Accessing The Portal
Access the portal to enroll in or make changes to your 403(b) contributions and select an investment provider for your 401(a) and/or 403(b) plans.
Plan Enhancement Guide
The Retirement Enhancement Guide provides details about the new Retirement Plans Portal and the new services and features.
Fidelity
- Communications Regarding Upcoming Retirement Plan Changes