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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.
  • Contribution Limits for 2026
  • 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 2/25/2026

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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 your retirement.  The CBIZ team can help you learn more about your plan, identify a savings strategy that works for you, select investments for your retirement portfolio, and allocate the appropriate amount to invest in each option based on your goals.

Upcoming Webinars

March 2026 Webinars (Enroll here)

  • March 11: Your guide to living well in retirement
  • March 26: Understanding Required Minimum Distribution