Use Retirement Manager to enroll the 457(b) deferred compensation plan, review your contribution rate and balances or change your contribution rate.

If you would like to make changes to your 403(b) - Faculty and Staff plan contribution rate, please visit Enroll or Make Changes to Your Duke Retirement Plan.

Vanguard Record-keeping Transition to Fidelity

Vanguard recently announced that they would no longer be able to serve as record-keeper for the Duke 457(b) Deferred Compensation Plan. However, Duke has created an option that will allow you to continue to invest in the same Vanguard funds with Fidelity as the record-keeper.

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; and
• You are enrolled in the Duke 403(b) Faculty and Staff Retirement Plan (the "403(b) Plan") and elected to maximize your elective deferrals to the 403(b) Plan.

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

Use Retirement Manager to enroll in the 457(b) Plan. You can review or change your contribution rate, distribution date and option, and investment carrier allocation. You can also view balances or access many planning tools and calculators. For instructions on how to enroll, click here.

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.

Please note: If you are not currently scheduled to participate at your maximum contribution level to the 403(b) Plan you will not be able to enroll in the 457(b) Plan. Please contact the Benefits Office for assistance on enrolling.

Your Investment Carrier Enrollment Form

Once you have set up your contribution amount and investment carrier allocation through Retirement Manager, complete an enrollment application with the investment carrier(s) you have chosen:

• Fidelity
• TIAA
• VALIC

Investment Carriers 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

Vanguard

National Phone: (800) 523-1188
Web Site: duke.vanguard-education.com
Appointments: meetvanguard.com or (800) 662-0106 ext. 14500
Access Your Vanguard Account