Baylor University provides eligible participants a defined contribution equal to 10.8% of the participant’s total pay. In addition, eligible participants may make voluntary contributions into the Plan on either a pre-tax or after-tax basis.
Full-time faculty and staff members who are at least 21 years of age, and have completed one year of service with an accredited college or university will be eligible to enroll into the Plan. Part-time faculty and staff members who are at least 21 years of age, and who have either worked the equivalent of 1,000 hours during their first year of employment with the university, or who have worked the equivalent of 1,000 hours during a subsequent calendar year will be eligible to enroll into the Plan.
If you are at least 21 years of age, and have completed one year of service with an accredited college or university, you will be immediately eligible to enroll into the Plan. If you satisfy the age requirement, but have not satisfied the service requirement, then you will need to complete the Prior University Work Experience Form to receive partial credit towards the one year of service requirement.
The 457(b) Salary Deferral 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 GuideStone Financial Resources, SBC.
|GuideStone Financial Resources, SBC||The Vanguard Group||TIAA|
|Phone: 888.984.8433||Phone: 800.523.1188||Phone: 800.842.2776|
|Forms||Forms: Call 800.523.1188||Forms: Call 800.842.2776|
GuideStone Financial Resources, SBC
Click here to obtain 457(b) forms from GuideStone, or call 888.984.8433.
Please submit completed forms to:
Baylor University Human Resources either in person at Robinson Tower, Suite 200; or by mail to Human Resources 700 S University Parks Dr, Waco, TX 76706