Retirement Plan for Faculty and Staff
The Vanderbilt Retirement Plan is a mandatory long-term investment program.
Retirement Plan Eligibility
The following is a list of eligibility requirements:
- Regular full- or part-time staff working 1,000 hours or more in the previous 12 months or full-time faculty
- Age 21 or older
- VTS; Nurse Registry; part-time faculty (except those designated as “full status, partial load”); faculty positions that include the term “adjunct,” “adjoint,” “visiting,” “emeritus,” or “in-residence” are NOT eligible for matching contributions in the retirement plan.
- Staff in a collective bargaining unit who participate in a union sponsored plan are not eligible for the Vanderbilt mandatory 403(b). They may waive out of the union sponsored plan and participate at 5% in the voluntary 403(b) plan.
Enrollment Options
To direct your investments in Vanderbilt's Retirement Plan, complete the Retirement Plan Contribution and Investment Allocation Form (Salary Reduction Agreement) available on the Forms and Documents page, and the application(s) of the investment company(ies) of your choice. Company information packets and applications are available at HR Express.
If a completed enrollment application is not received upon eligibility, faculty and staff will automatically default into a retirement plan account through Fidelity.
Eligibility and Enrollment Rules
More Information on the Retirement Plan
- Investment Company Information
- Monthly Orientation Sessions
- Rollovers from Your Previous Employer's Plan
- Withdrawals & Distributions
Maximize Your Retirement Contributions
Open the Maximizing Retirement Contributions Calculator and enter information from your most-recent paycheck to see what contribution percentage will help you reach the IRS maximum for unmatched contributions.
Changes to your Vanderbilt Retirement Plan contribution percentage can be made once a calendar quarter. Use the Retirement Plan Contribution & Investment Allocation Form (SRA) available on the Forms and Documents page to change your contribution percentage. If you want to change your investment/fund choice(s), you must also submit the appropriate investment company form.
Note: The calculator is designed to help you determine your contribution percentage in order to reach the IRS maximum contribution limit for the calendar year. The calculator uses information entered by you based on your salary and age. Should any of this information change, it is your responsibility to reevaluate your contribution percentage. As the results depend on figures you enter, Vanderbilt University will not guarantee that use of this calculator will generate the maximum contribution level. Use this calculator at your discretion.
Note: The Office of Benefits Administration does not accept faxed forms. The best way to submit your completed forms is to deliver them in person to HR Express, 2525 West End Avenue on the second floor. You may also mail forms to the address at the bottom of the form.
Vanderbilt University is committed
to principles of equal opportunity and affirmative action.
HR Express
2525 West End Ave Suite 218
Nashville TN 37203
Hours M-F 7:30 - 5:30
Last Updated:
May 8, 2008