How to Enroll
Follow these steps to enroll in the Stanford Contributory Retirement Plan (SCRP):
1. Decide the percentage of salary you wish to contribute through payroll deductions
Remember that the combined amount of your Pre-tax contributions and Roth contributions cannot exceed the annual IRS contribution limits.
| CONTRIBUTION TYPE-SOURCE | PAYROLL DEDUCTION |
|---|---|
| Pre-tax* | % |
| After-tax | % |
| Roth After-tax | % |
*STANFORD MAY AUTO-ENROLL YOU AT 4% PRE-TAX. YOU MAY MAKE ANY CHANGES AT ANY TIME.
2. Decide the percentage of your account you wish to direct to a Stanford Retirement Manager account and/or a TIAA account.
| ACCOUNT ALLOCATION | WHOLE PERCENTAGE |
|---|---|
| Stanford Retirement Manager account | % |
| TIAA account** | % |
| TOTAL | 100% |
**TO HAVE ANY CONTRIBUTIONS GO INTO A TIAA ACCOUNT, YOU MUST FIRST ENROLL THROUGH THE MY RETIREMENT SAVINGS PORTAL. THEN, YOU WILL BE DIRECTED TO TIAA, WHERE YOU WILL NEED TO COMPLETE A TIAA CONTRACT.
3. Select the funds to hold your contributions
You can direct your entire contribution to a single fund, or split it among several funds. Make sure all your investment elections are in whole percentages and total 100%.
Get more information on SCRP investment options by:
- Logging in to My Retirement Savings, powered by Fidelity Investments, which provides administration for non-TIAA funds, or calling (888)793-8733.
- Visiting TIAA.org for more information about TIAA funds, or calling (800) 842-2776.
IMPORTANT: IF YOU MAKE NO INVESTMENT ELECTIONS (OR FAIL TO COMPLETE A TIAA CONTRACT, IF APPLICABLE), YOUR CONTRIBUTIONS WILL BE INVESTED ACCORDING TO THE PLAN’S DEFAULT RULES, WHICH ARE THE AGE-APPROPRIATE VANGUARD TARGET RETIREMENT FUNDS.
4. Start the enrollment process
Log in to the My Retirement Savings portal or call a Fidelity Retirement Services Specialist who will lead you through the enrollment process. You will be asked to set up your payroll deductions and choose your investment elections.
5. You will receive confirmation of your elections from Fidelity
Please review these confirmations for accuracy. Confirmation for TIAA accounts will be mailed separately.
6. Complete the online Beneficiary Designation Forms
Ensure you have identified beneficiaries for your accounts.
- For TIAA accounts: Log in to www.tiaa.org/beneficiaries. From your account, choose Manage My Portfolio and under Profile & Settings, select View/Change Beneficiaries.
- For any questions or to receive a paper beneficiary form, please call TIAA at 800-842-2252.
- For Fidelity Investment Accounts: Log in to My Retirement Savings and click on the Profile tab and select Beneficiaries.
- For any questions or to receive a paper beneficiary form, please contact Fidelity at 888-793-8733.
7. Review your payslip
Verify that the correct amount has been deducted.