Am I eligible to participate in the plan?

• If you work in a position that is not contingent on student status, you are eligible to participate in the VTDA.

• You are eligible to participate in the SRP if you are in an eligible class of employee (titled faculty or employee who works in a position not contingent on student status). You must also have completed one year of service (as defined by at least 1,000 hours in a 12-month period) and have attained a minimum age of 26.

How do I enroll in the plan?

• Human Resources holds weekly information sessions. Please call us at 617-573-8415 if you would like to sign up for a session.

• You may enroll online with Fidelity  or TIAA-CREF.

• You must complete a Salary Reduction Agreement before your contributions begin. Please return the completed agreement to Human Resources. 

 How much can I contribute to the plan?

• Each pay period your contribution to the SRP is 5% of your gross compensation.

• You may supplement your contributions by contributing an additional amount to the VTDA. The primary maximum for your combined contributions to the VTDA and SRP is $16,500 for 2011. If you are age 50 (or will be age 50 by the end of the calendar year), you may contribute an additional $5500 beyond the primary maximum.

How much does Suffolk contribute to the plan?

• Each pay period Suffolk contributes 9% of your gross compensation to the SRP on your behalf. The University does not contribute to the VTDA.

What are my investment choices?

• Your choices for vendors are Fidelity and TIAA-CREF.

• Your fund choices are organized into three tiers:

Tier One*
Investment type: Lifecycle/Target Date Funds
Participant type: Participant wants a greater level of professional guidance when investing
Fund Sponsor choice: Fidelity, TIAA-CREF
Contributions: Your SRP (5%) & VTDA, Suffolk’s SRP (9%)
* This Tier will be monitored on a regular basis by investment advisors.

Tier Two*
Investment type: Core Funds/Variable Annuities (TIAA-CREF only)
Participant type: Participant wants a greater level of control over account management
Fund Sponsor choice: Fidelity, TIAA-CREF
Contributions: Your SRP (5%) & VTDA, Suffolk’s SRP (9%)

Tier Three**
Investment type: Brokerage Account
Participant type: Participant is investment savvy and wants total control over account management
Fund Sponsor choice: Fidelity
Contributions: Your SRP (5%) & VTDA
** This Tier will not be monitored by investment advisors. This choice will allow for investments outside of Tiers 1 & 2.

A complete list of fund choices can be found here:

Investment Fund Offerings 

Who do I contact for additional information about the plan?

TIAA-CREF
800-842-2776
Website: www.tiaa-cref.org/suffolk

Fidelity Investments
800-343-0860
Website: http://www.fidelity.com/atwork

Human Resources