Human Resources

Retirement Benefits

Information about retirement benefits available to benefits-eligible SUU employees. Utah Retirement System, TIAA/Fidelity, Harold Dance, Financial Guard and frequently asked questions are all available on this page, as well as forms associated with each of these. 

To add or change beneficiary information, please do so directly with Utah Retirement System, TIAA or Fidelity.


URS

Classified employees are able to participate in Utah Retirement System (URS) Classified staff will receive 10% funding into a hybrid pension and a 401(k) or as defined contribution into 401(k) only. Once pension is funded, the balance of 10% will be contributed to the 401(k). Employees may elect hybrid or DC in their first year. 

TIAA/Fidelity

Professional staff will receive a 14.2% contribution into either Fidelity, TIAA or a combination of both.

Fidelity Investments

TIAA


Harold Dance Investments

(Reach an advisor at 435-752-8484, toll-free at 1-800-327-5400, or via email at advisor@danceinvestments.com)

Financial Guard

As a University, we recognize that our employees may need help with making investment decisions about their retirement plans. Financial Guard is an SEC Registered Online Investment Advisor. They are a web based advisor that provides its subscribers:

Transparent, Unbiased, Relevant Investment Advice Recommendations on the SUU retirement plan options that are best for you Recommendations on mutual funds for other accounts Savings from unnecessary commissions, fees & expenses Ongoing attentiveness and oversight via the web

Southern Utah University is making this service available as a voluntary benefit that you can elect to use. Employees receive a 30 day free trial, to continue the service is then $59 per year, cancelable at any time. This represents a 40% discount from Financial Guard's retail pricing. Use the promo code SUU upon sign up.

Financial Guard will analyze, make recommendations, and monitor your retirement plans at SUU as well as other accounts you choose to link to their services. The annual subscription covers advice and oversight for an unlimited number of investment accounts.

Financial Guard is already familiar with the various investments contained within our retirement plans (Utah Retirement Systems, TIAA, and Fidelity Investments), and can provide you advice exclusively through their web service regarding your funds in a manner consistent with your personal risk tolerance and goals, as well as ongoing monitoring of your accounts.

Should you subscribe to Financial Guard, you are engaging Financial Guard directly and Southern Utah bares no legal responsibility for the advice and services provided to you from Financial Guard.

Financial Guard
(877-285-6581)



Retirement Frequently Asked Questions

Q. Where do I change my allocations?

A. You must contact your retirement company directly to make any changes to where your contributions are allocated. URS (1-800-365-8772), TIAA (1-800-842-2776), Fidelity (1-800-343-0860)

Q. How often can I change the amount I contribute to my retirement plan?

A. You may change your contributions to your retirement plan at any time by filling out a Salary Reduction/Deduction Agreement and submitting it to the Human Resources Office. All contribution changes to your retirement plan are effective the following pay period.

Q. When do I become vested?

A. All of a participant's contributions are immediately vested. Contributions by the University for non-classified employees (including faculty members) are immediately vested.  URS contributions are vested at the earliest of 4 years of service for the defined benefit and immediately vested for the 401(k) defined contribution.

Q. How do I choose which vendor is best for me? Who do I talk to about helping me choose the right investments for me?

A. Research, research, research. TIAA, Fidelity and URS have a variety of information resources available to you. You may contact any of the retirement companies by phone, on line and also schedule individual counseling sessions.