Retirement Benefits
Retirement Transition Information
Queens employees who transitioned to Elon employees as part of phase one will be eligible for retirement benefits beginning on July 1, 2026, with open enrollment beginning June 8.
Here you will find guidance and resources on retirement plans and financial planning opportunities for Queens employees beginning their tenure with Elon University. Use the information below to review available resources, understand next steps and connect with representatives who can assist you throughout the transition process.
Elon Retirement Benefits Overview
Explore Elon’s retirement benefit options, including retirement plan information, university contributions and additional financial planning resources available to eligible employees.
- Retirement Benefits Overview
- Retirement Plan Information
- Meet with a Financial Consultant
- This page will be available July 1 for transitioning employees. Please refer to the right-side navigation for contact information.
What to Know
Elon University is committed to helping employees prepare for a secure and rewarding retirement. Whether you are just beginning to plan or nearing your retirement date, Elon retirement products can help you make informed decisions about your financial future.
- Elon contributes 8% of an employee’s annual base salary to a 403(b)
- Employees are required to contribute 4% of their annual base salary
- Elon employees are 100% vested.
Managing Your Retirement Benefit Transition
While Elon and Queens both use TIAA for retirement, the account types and management have slight differences. TIAA is in conversation about this process and will announce more about this transition during the summer.
Upcoming Support Sessions
May 15, 10 a.m.-2p.m. | Levine Center: Queens employees transitioning to Elon employees on June 30 are invited to the Levine Center to meet benefits vendors, members of Elon Human Resources and Willis Towers Watson. Representatives attending include:
- Blue Cross & Blue Shield of North Carolina
- OptumRX
- Delta Dental
- VSP
- TIAA
Frequently Asked Questions
Do I have to take any action to enroll into the plan?
If eligible, you can enroll proactively, however it is not required. If no action is taken, the first contribution will enroll you into the plan as a “default” enrollment.
Will I need to create new login information with TIAA?
No, your MyTIAA experience will be bridged, and you will not need an additional login for TIAA’s portal. However, your credentials may be different at Elon.
Will my money move with me automatically?/Do I have to take action to move my account?
At this time, your money will not move from one account to another. You may do so online or by calling TIAA. However, the plans differ in their offerings, and you do not have to move your assets if you do not want to at this point in time.
Will I have the same investments as I do in my Queens plan?
No, each retirement plan has different investment offerings.
Can I meet with someone to review my account?
Yes, you may meet by scheduling an in person or virtual appointment or meet on demand with financial consultants at your convenience.