128 employees reported this benefit
The university will generously match your contribution to your retirement fund.
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.
Two portfolio management companies available.
there is no 401k plan
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.
Typical 403b in line with the average low-end employer.
Choice between TIAA-CREF or Vanguard. Good plans. Full time employees receive 8% employer contribution.