Eligibility

You are eligible to participate in the Duke 457(b) Deferred Compensation Plan if your annualized compensation equals or exceeds 150% of the Social Security taxable wage base. For 2020, the minimum salary requirement is $206,550.

For more information, please see the 457(b) Deferred Compensation Plan brochure.

Maximum Contribution Amount

Each year, your contribution amount to the 457(b) Plan is limited to a maximum dollar amount specified by the Internal Revenue Service (IRS). For 2020, the IRS limit is $19,500. This amount is in addition to the maximum contribution you and Duke contribute to the 403(b) Plan.

Enroll in Your Duke 457 (b) Deferred Compensation Plan

You may enroll in the Duke 457(b) Deferred Compensation Plan as follows:

1. Set up your pre-tax payroll deductions through the Duke@Work self-service website.
2. Select your retirement service provider through Fidelity's website. Select your investment options and designate your beneficiary through your selected retirement service provider or by form.
3. Complete the Distribution Option Form.

If you wish to enroll using paper forms, please complete both the 457(b) Salary Reduction Agreement and the 457(b) Employee Distribution Election Form and return to the Benefits Office by fax or mail. Information on where to return completed paperwork is listed on the forms.

Retirement Service Provider Enrollment Form

Once you have set up your contribution amount and retirement service provider allocation, you may select your investment options and designate your beneficiary through your chosen retirement service provider website or complete an enrollment form:

• Fidelity
• TIAA
• VALIC

Retirement Service Provider for 457(b) Deferred Compensation Plan

Fidelity

National Phone: (800) 343-0860
Web Site: www.fidelity.com/duke
Appointments: www.fidelity.com/reserve
Account: Access Your Fidelity Account

Local Contacts:

Fidelity Retail Office:
7011 Fayetteville Rd.
Suite 110
Durham, NC 27713

TIAA

Local Phone: (919) 687-5200
National Phone: (800) 842-2776
Web Site: www.tiaa.org/duke
Appointments: www.tiaa.org/schedulenow-duke
Account: Access Your TIAA Account

Local office: 5425 Page Rd.
Suite 220
Durham, NC 27703
866-904-7804

VALIC

Contact: Tom Overcash
Local Phone: (919) 401-3252
Local Fax: (919) 401-3224
National Phone: (800) 448-2542
Web Site: www.valic.com
Appointments: (919) 401-3252
Account: Access Your VALIC Account

Local office: 3211 Shannon Road
Suite 600 (6th floor)
Durham, NC 27707