Plant growing out of a jar of coins

Retirement Plans

Hood sponsors a 403(b) retirement program through TIAA. 

Employees select the investment mix for their retirement plan(s). Employee and College (if eligible) contributions are 100% vested. 

  • Eligibility: Eligible on Date of Hire  
  • College Contribution: Hood College provides a 1.5% Non-Elective Contribution for all eligible employees no matter what they contribute; and then matches employees up to 5%. 
  • Employee Contribution: Any percentage of base pay, contributions subject to IRS annual limits. 
  • Eligibility: Available upon employment or transfer to eligible employment class. 
  • Employee Contribution: Any percentage of base pay, contributions subject to IRS annual limits.
  • College Contribution: Not Applicable.
  • Additional Info: Employees who are eligible to make contributions to the Defined Contribution plan can also participate in the Supplemental Retirement plan.
  • Amount allowed for participants in 2023: $22,500
  • Additional amount allowed for participants age 50 or over in 2023: $7,500
  • If you are already in the retirement plan and want to change the amount of your contribution, or to determine your eligibility to defer additional funds, please go to How to Enroll & Change Contributions bar above

Updated on 03/31/2023

Note: You must be signed into your Hood College account to view these documents

  • For general questions call 800-842-2252
  • Monday-Friday, 8 a.m.-10 p.m. (EST), Saturday 9 a.m.-6 p.m. (EST)
  • Representatives from TIAA are on campus on a periodic basis to provide individual counseling sessions on investment strategies, long-term investment goals, asset allocation and general retirement and financial planning.
  • If you would like to schedule a meeting when TIAA is on campus, please call TIAA at 800-842-2888 to schedule.

Upcoming Webinars

January 10Noon- 1 p.m.

Quarterly economic and market update:
understanding volatility and recent trends

Hear from our chief investment officer about
challenges investors are facing and tips on how to navigate them.

January 162 to 3 p.m.

Invest for success: 5 principles you need
to know

Start the new year off right! This webinar can
help you understand the key principles of
investing for retirement. From compounding
to taxes to choosing investments, you’ll learn
that how you invest for retirement is just as
important as how much you save.

January 183 - 4 p.m.

Take control of your financial life:
5 steps to managing money and debt

It’s time to turn over a new leaf. If you’re just
starting out or want to improve your day-to-day financial skills, this webinar will help you
learn how to manage your money and balance your priorities so you can enjoy life now and save for the future.

January 241 - 2 p.m.

Cybersecurity/identity theft protection for
elders: Help protect yourself, your family and your money

Are you concerned about identity theft
and your family’s security online? TIAA’s
Information Security team will discuss how
elders can protect themselves and
their families from cybercriminal social

February 13 - 4 p.m.Opening doors to the future:
Save in a 529 college savings plan
February 612 - 1 p.m.Inside money:
Managing money and debt
February 152 to 3 p.m.She’s got it:
A woman’s guide to saving and investing
February 211 - 2 p.m.Gaining insight:
Navigating debt consolidation and understanding the mortgage process
March 62 to 3 p.m.The starting line:
Beginning to save for retirement
March 141 - 2 p.m.Attention to detail:
Financial finishing touches for women
March 20Noon- 1 p.m.Paycheck for life:
Set your sights on retirement security
March 263 - 4 p.m.Live with confidence in retirement:
Five steps to creating your retirement income plan