Retirement Benefits

Building Your Future Starts Today

Planning for retirement is one of the most important financial decisions you'll make. The Bishop's School is committed to helping employees prepare for a financially secure future through a competitive retirement program and access to professional financial guidance.

Our retirement benefits are designed to help you save with confidence, grow your investments over time, and take advantage of valuable employer contributions that support your long-term financial goals.

The Bishop's School 403(b) Retirement Plan

The Bishop's School participates in a TIAA-defined contribution 403(b) retirement plan, giving employees the flexibility to create a retirement strategy that aligns with their personal goals, risk tolerance, and timeline.

Plan Highlights

• Choose how your retirement contributions are invested
• Make convenient contributions through payroll deductions
• Contribute up to annual IRS limits
• Eligible employees age 50 and older may make additional catch-up contributions, subject to IRS limits
• Employer contributions are immediately vested, meaning the money belongs to you right away
• Generous School Contributions

The Bishop's School helps you build retirement savings through employer contributions to your retirement account. Eligible employees receive:

A minimum School contribution of 3% of eligible compensation

A matching contribution of up to 5% of your voluntary employee contributions

This combination of automatic contributions and matching funds can significantly enhance your long-term retirement savings and help you reach your financial goals sooner.

Eligibility

Employees age 18 and older are eligible to begin making voluntary retirement plan contributions from their date of hire. Contributions can be made on either a pre-tax or post-tax basis, allowing you to choose the savings strategy that works best for your personal financial situation.

Complimentary Financial Wellness Program

At The Bishop's School, retirement planning goes beyond the retirement plan itself. Employees also have access to a free Financial Wellness Program provided through The Palancar Group, a subsidiary of Morgan Stanley Wealth Management.

This independent advisory service is available to help you:

• Better understand your retirement benefits
• Evaluate your investment options
• Develop retirement savings strategies
• Create long-term financial plans
• Make informed financial decisions for you and your family

Best of all, this guidance is provided as a complimentary employee benefit.