Baylor 457(b) Plan
Baylor 457(b) Plan
A 457(b) plan is a non-qualified salary deferral plan that is offered in addition to the 403(b) plan. Maximum savers may be interested in deferring part of their salary, up to the IRS limit, into the 457(b) plan on a pre-tax basis. The basic contribution limit is determined by the IRS. This non-governmental plan does not offer an over age 50 catch-up provision. Vestiture in the 457(b) occurs when the employee leaves employment with Baylor University. The Baylor 457(b) Plan allows faculty and staff to postpone receipt of a portion of current income, which results in pre-tax retirement deferrals. These tax deferred dollars may be invested with TIAA.
Baylor 457(b) Plan Form and Plan Summary
Please submit completed forms (either in person or by mail) to:
Baylor University - Human Resources
700 South University Parks Drive
Suite 200
Waco, TX 76706
Effective February 20, 2023, you will make any personal retirement plan contributions directly within your TIAA retirement account. Please go to tiaa.org/baylor to login to your account to make your contribution elections.
Contribution Limits for 2024: $23,000
TIAA Contact Information
- Website: www.tiaa.org/baylor
- Phone: 800.842.2252
Schedule an Appointment with CAPTRUST
Scheduling an appointment with CAPTRUST gives you access to receive free, unbiased financial advice regarding your Baylor Retirement Plan investment choices.
Schedule a CAPTRUST Appointment
Questions?
If you have additional questions about the Baylor 457(b) Plan, please email askHR@baylor.edu.
