Drexel University Defined Contribution Retirement Plan

Drexel University offers this plan as part of workplace benefits. Now is a great time to understand what is offered - think about taking advantage of any opportunities to save and invest for the future. 
Learn what plans allow eligible employees to do.
Beginning January 1, 2015, the University will match up to 6% of your salary (if you contribute to the plan), as well as provide an additional employer contribution of 3% for participants under age 50 and 5% for participants aged 50 and older.
If you are an eligible employee, the University will match your pre-tax, Roth or combination of pre-tax and Roth contributions dollar for dollar up to 6% of your salary. In order to receive the maximum benefit from the University you need to contribute 6%. However, you are not required to contribute that much in order to participate. You can contribute as little as 1% of your salary and still receive the University match and the additional employer contribution.
The new plan design eliminates the one-year waiting period for University contributions.
You can invest into this plan right away.
Contributions to this account will be 100% vested immediately.

Learn which mutual funds and other investments are available

You can enroll now

Enroll or make changes in your plan(s) today