Enroll or make changes to your Duke 457(b) Deferred Compensation Plan through Duke@Work.
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.
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 2021, the minimum salary requirement is $214,200.
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 2021, the IRS limit is $19,500. This amount is in addition to any contributions 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:
- Set up your pre-tax payroll deductions through the Duke@Work self-service website.
- 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.
- 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:
Retirement Service Provider for 457(b) Deferred Compensation Plan
Fidelity Retail Office:
7011 Fayetteville Rd.
Durham, NC 27713
Local office: 5425 Page Rd.
Durham, NC 27703
AIG Retirement Services
Contact: Tom Overcash (Thomas.Overcash@aig.com)
Local Phone: (919) 401-3252
Local Fax: (919) 401-3224
National Phone: (800) 448-2542
Web Site: aig.com/retirementservices
Appointments: (919) 401-3252
Account: Access Your VALIC Account
Local office: 3211 Shannon Road
Suite 600 (6th floor)
Durham, NC 27707