Human Resources
Waller Hall, First Floor
Willamette University
900 State Street
Salem, Oregon 97301
503-370-6210 voice
503-370-6570 fax
Supplemental Retirement Accounts
In addition to the "base" retirement plan described above, all current employees who are 21 years of age or older, regardless of status, have the option to set aside additional monies for retirement through participation in any of three different types of accounts, an annuity-based 403(b), a 403(b)(7) program, or a Roth 403(b) plan.
With the exception of the "Roth" program, contributions are "pre-tax" of Federal and State income tax. Aggregate contributions to both "pre-tax" and "Roth" 403(b) plans are allowed up to the annual IRS limits and are based on the date of the paycheck from which these contributions are withheld. Supplemental retirement accounts offered at Willamette are not subject to Employee Retirement Income Security Act (ERISA).
Willamette University makes available three companies through which employees may make voluntary contributions. AIG Retirement and TIAA-CREF both offer annuity-based 403(b) plans, and the plan through Vanguard is a 403(b)(7), which provides for direct investment with a mutual fund company through a 403(b) plan. TIAA-CREF also offers direct mutual fund investment options in addition to their 10 traditional annuity funds.
TIAA-CREF and AIG Retirement (formerly VALIC) offer to Willamette University staff and faculty the option of investing in a Roth 403(b) account as well. Click here to download Roth 403(b) informational brochures from either TIAA-CREF or AIG Retirement.
General information for enrollment in either AIG Retirement or TIAA-CREF may be obtained in the Human Resources office, or through the respective financial advisors who visit campus regularly. Contact information for these representatives is below. The enrollment kit for Vanguard may be obtained by clicking on the respective link below.
Please note that Vanguard is unsupported by a visiting financial advisor. You must contact this company directly if you wish to receive assistance with enrollment and investment selection. Vanguard’s website also provides a means for finding financial advisors to assist you. Additional options may be available through American Funds and Standard Insurance. Please inquire with Human Resources if you are interested in these options.
Salary Reduction Agreement Form (all-in-one)
AIG Retirement (VALIC) or for American Funds 403(b)(7)
Rod Malone, Financial Advisor
(503) 913-4801 Cellular
rod.malone@aigretirement.com
Website: www.aigretirement.com
TIAA-CREF
Shane Roghaar, Consultant, Individual Client Services
(877) 209-3142, ext. 2650
sroghaar@tiaa-cref.org
Website: www.tiaa-cref.org/willametteuniversity/
Vanguard Enrollment Kit
Website: www.vanguard.com