Retirement Plans

To assure adequate retirement income for all eligible employees, Sweet Briar provides 403(b) retirement benefits through a choice of VOYA or TIAA-CREF. Sweet Briar’s retirement benefits consist of two plans:

  1. the basic Defined Contribution Plan in which both the College and the employee make contributions (participation in this plan is mandatory), and
  2. a supplemental Tax-Deferred Annuity in which an employee may make optional contributions.

 

All active, full-time employees begin participation in the basic plan at age 23 on the first day of the quarter (January, April, July or October) following date-of-employment.


Sweet Briar College Retirement Plan Policy Numbers

VOYA

TIAA-CREF

Defined Contribution Retirement (DC) Plan

(Mandatory Plan)

 VF2494  

104254

Tax-Deferred Annuity (TDA) Plan

(Supplemental Plan)

   VF2494    

104255

 


click here to view defined contribution plan

     defined contribution plan: plan-related information and investment options comparative chart

     defined contribution plan summary annual report

click here to view tax-deferred annuity plan

     tax-deferred annuity plan: plan-related information and investment options comparative chart

     tax-deferred annuity plan summary annual report

click here to access salary reduction form