Retirement Accounts The college will contribute to a retirement account for you starting your first day of full-time work. If you have had a retirement with Utah Retirement Systems in the past, you have the option of having the college contribute to your retirement through them. You will remain in the same tier as you were in when you started your retirement with Utah Retirement Systems. If you have not had a retirement with Utah Retirement Systems in the past, the college will instead contribute 14.2% of your salary every paycheck into an account called a 401(a) with TIAA and/or Fidelity Investments. The retirement contribution from the college is not taken out of your regular pay, it is in addition to your regular pay. You are welcome to choose either Fidelity or TIAA or a mix of the two. Please indicate your choice by selecting a percent in increments of ten. Please turn in the 401(a) within 30 days of your benefits beginning date. You can change with which company the college contributes to your retirement with, between TIAA and Fidelity, at any time. More information about each company can be found on the HR website by going to benefits and full-time employees. Supplemental Retirement Accounts You can contribute pre-tax through payroll deduction to your own retirement. The college won’t contribute any more or any less to your retirement based on whether you contribute to your own retirement account. You can choose a dollar amount or a percentage to be taken from your check to go into a 403(b), 457(b), or a 401(k) account. These accounts can go through Fidelity Investments, TIAA, Valic, or Utah Retirement Systems. You can change your contribution amount at any time and can contribute up to the IRS yearly maximum.