New Defined Contribution Retirement Contribution Option: Roth 403(b)
Human Resources is pleased to announce a new retirement savings opportunity. Eligible faculty and professional staff will now have the option of electing after-tax contributions with the new Roth 403(b) option under Drexel's Defined Contribution Retirement Plan.
How do I know if a Roth is right for me?
Drexel HR offers the tools and resources necessary to choose the best retirement strategy for you. Whether you want to minimize your tax burden in retirement or maximize your investment, Drexel's plan providers have options for you.
Educational sessions from each vendor are scheduled. Please register through Career Pathway if you plan to attend a session. For more information on this additional savings option, please visit the retirement page on the HR website.
Ready to enroll in the Roth 403(b) contribution plan? Follow the steps below to get started.
- Log in to DrexelOne
- Select the Employee tab
- Select "More BannerWeb Employee Services" under the Payroll tab
- Select Benefits and Deductions
- Select "Enroll or Change Retirement Plans"
If you have questions or would like to discuss your savings and investment strategy, schedule a one-on-one consultation with your designated representative.
- Fidelity – 1.800.642.7131
- TIAA – 1.800.842.2010
- Vanguard – 1.800.523.1188