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Drexel University College of Medicine Retirement Plan

The Drexel University College of Medicine retirement plan is a defined contribution 403(b) program which provides for employee contributions and College of Medicine contributions.

Retirement Plan Providers

Drexel University College of Medicine works with three retirement plan vendors in order to provide employees with a variety of options.

Fidelity Investments

General counseling: 1-800-343-0860
Schedule an individual session at DUCOM: 1-800-642-7131, or make an appointment using Fidelity's website.

TIAA-CREF

General counseling: 1-800-842-2776
Schedule an individual session at DUCOM: 1-800-842-2010

Vanguard Group

General counseling: 1-800-523-1188
Schedule an individual session at DUCOM: 1-800-662-0106, ext. 14500, or make an appointment on Vanguard's website.

Retirement Plan Providers' Investment Structures [PDF]

403(b) Plan Fee Disclosures

Employee & University Contributions

Drexel University College of Medicine offers a voluntary contribution plan for faculty and professional staff.  The breakdown of this plan is as follows:

Voluntary Plan

 

Age Your Contribution DUCOM's Contribution TOTAL

25-34

 

 

 

2%

 

 

 

3%

 

 

 

5%

 

 

 

 

 

 

 

3%

 

 

 

4%

 

 

 

7%

 

 

 

 

 

 

 

4%

 

 

 

5%

 

 

 

9%

 

 

 

 

 

 

 

5%

 

 

 

7%

 

 

 

12%

 

 

 

35-39

 

 

 

2%

 

 

 

7%

 

 

 

9%

 

 

 

40-49

 

 

 

2%

 

 

 

9%

 

 

 

11%

 

 

 

50+

 

 

 

2%

 

 

 

11%

 

 

 

13%

 

 

 

Additional employee contributions up to the annual legal limit are permitted.

How to Enroll in or Change Your 403(b)

The following 403(b) instructions apply to all Drexel University College of Medicine employees.  If you are a Drexel University employee, please see the Drexel University retirement page for instructions.

Limits and Contribution Information

  • Before enrolling, please note that:
    • The limit for your contribution is $17,500.
    • If you are 50 or older, you may contribute up to an additional $5,500.
    • All enrollments/changes must be to Human Resources on the first day of the month in which you wish to enroll or make a change. 

Enrollment

To enroll in or make changes to your 403(b) plan (this includes increasing or decreasing the contributions), please fax an Enrollment/Change Form [PDF] to Human Resources at 215-895-5813. 

Should you have questions, please contact Kristin McCarthy at kmm472@drexel.edu or 215-895-4985. 

Investment Education

How you're going to save for retirement is an important personal decision, which is why we suggest educating yourself on your investment opportunities.  DUCOM and its retirement plan vendors offer a variety of workshops, advice, and other tools to help you make investment decisions.

On-Campus Conferences and Workshops

DUCOM hosts individual conferences and group workshops with our retirement plan vendors several times a year.  If you're interested in attending one of these events, visit the HR Events Calendar for the workshop schedule.

Online Workshops, Planning Tools, and Calculators

Our investment providers offer several written and video workshops, planning tools, and investment calculators. To learn more, visit our providers' websites: