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 2025: $23,500
Additional amount allowed for participants age 50 or over in 2025: $7,500
New super catch up contribution allowed in 2025 for those participants who are ages 60, 61, 62, or 63 in 2025. Those participants may contribute an additional $11,250 above the regular limit. See flyer for details.
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 12/17/2024

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Annual Qualified Default Investment Alternative (QDIA) Notices

TIAA Resources

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.
TIAA Virtual Consulting Flyer
TIAA Visit to Campus

CBIZ Resources

CBIZ is Hood College's independent advisor for the retirement plan.

Human Resources