HR

HR

TIAA-CREF | MPSERS | Fidelity | Vanguard | Sledrunner

 

Retirement and tax-deferred savings plans

 

Retirement plan

The University's retirement plan is administered by TIAA-CREF. This is a defined contribution plan, in that contributions to the plan are a defined percentage of the employee's base wages.

  • Currently, the University contributes an amount equal to 11% of the employee's base wages to the plan; the employee does not make contributions.
  • This plan is also self-directed, in that the employee decides how the funds in the account are invested amongst several options. The income received at retirement is based on the value of the account.
  • Vesting and eligibility vary by employee group.
  • For more information, please visit WMU's TIAA-CREF Web site.

MPSERS

The University is not enrolling new employees in this plan. For more information, employees who were hired in the past and who actively participate in this program may visit the MPSERS Web page. In addition, please click here to access webinars and seminars offered by the State of Michigan's Office of Retirement Services. Questions can be directed to MPSERS at 1-800-381-5111.

Tax-deferred savings plans (optional)

Employees may add to their retirement savings by contributing to the optional 403(b) tax-deferred savings plan through payroll deduction. These 403(b) contributions may be invested with TIAA-CREF, Fidelity, or Vanguard.

After reaching their maximum 403(b) contributions, employees may contribute to an optional 457(b) tax-deferred savings plan through TIAA-CREF.

Sledrunner Advisory Services

Financial consultants at Sledrunner Advisory Services are available to assist University employees with enrolling in the tax-deferred savings plans or to provide investment counseling.

To make an appointment for a personal consultation or for answers to your questions, please contact:

Sledrunner Advisory Services
244 North Rose St., Ste. 150
Kalamazoo, MI 49007-3824
Phone 269 552-9233 (toll free 1-888-523-3131)
Jane Brady-Ertz at jertz@sledrunner.com

Need more information?

Please contact Richard Schaper, Manager of Retirement Services.

 

Human Resources
Western Michigan University
Kalamazoo MI 5217 USA
(269) 387-3620 | (269) 387-3441 Fax
HR-Webmaster@wmich.edu