University of Chicago Employee Benefit: 401K Plan | Glassdoor

University of Chicago 401K Plan

128 employees reported this benefit

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Available to US-based employees (Change location)

Employee Comments

Showing 1–7 of 7
  • Jan 02, 2019

    The university will generously match your contribution to your retirement fund.

  • Dec 06, 2017
    StarStarStarStarStar Former Staff Research Scientist in Chicago, Illinois

    I do not have any complaint about 401K Plan at the University of Chicago, I think it is one of the best among academic institutions.

  • Dec 06, 2017
    StarStarStarStarStar Current Senior Clinical Research Coordinator in Chicago, Illinois

    Two portfolio management companies available.

  • Jun 13, 2017
    StarStarStarStarStar Former bioinformatics programmer in Chicago, Illinois

    there is no 401k plan

  • Aug 18, 2016
    StarStarStarStarStar Current Research Associate (Associate Professor) in Chicago, Illinois

    The University offers a 403b plan, which for academic employees offers a choice of TIAA-CREF annuities or Vanguard mutual funds (or a combination). The University deducts 5% from salary, and matches it with another 8%. However, since the 5% is a mandatory deduction, the employee can still contribute the full $18K (in 2016) allowed, for additional savings. Vanguard is the leader in mutual funds industry, with lowest expense ratios and many index and target retirement funds to choose from - an excellent choice.

  • Aug 04, 2016
    StarStarStarStarStar Former Director in Chicago, Illinois

    Typical 403b in line with the average low-end employer.

  • Oct 04, 2014
    StarStarStarStarStar Current Research Scientist in Chicago, Illinois

    Choice between TIAA-CREF or Vanguard. Good plans. Full time employees receive 8% employer contribution.

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