Retirement Savings Plans

The University of Michigan partners with you to plan for a secure and comfortable retirement.  No matter your age or career stage, it is never too late to begin saving – or saving more – for retirement.  

The U-M retirement savings plans provide an important source of income in retirement in addition to Social Security and personal savings.  U-M does not have a pension plan.  

How to Participate

Take advantage of the university’s two-for-one match of your contributions by enrolling in the Basic Retirement Plan .

Save more for retirement through a 403(b) Supplemental Retirement Account (SRA) and the 457(b) Deferred Compensation Plan.  Contributions can be made on a pre-tax or after-tax (Roth) basis.

You may enroll in any plan at any time throughout the year.  If you are eligible, you may contribute to all three plans or choose among them.  You can also change your contribution amounts and allocations at any time.

Investment Companies

You may choose from over 200 investment funds available through TIAA-CREF and Fidelity Investments, including mutual funds, and fixed and variable annuities, domestic and international stock funds, bond funds, money market funds and real estate funds are available, along with a guaranteed fixed annuity and socially responsible funds.  Several Vanguard funds are also available, as well as a brokerage option that allows you to select mutual funds outside the TIAA-CREF family.

Both TIAA-CREF and Fidelity Investments, the university’s retirement savings plan investment companies, offer free one-on-one meetings to discuss your retirement goals.   


Fidelity Investments

Plan Administrator

University of Michigan Benefits Office
Wolverine Tower Low Rise G405
3003 S. State Street
Ann Arbor, MI  48109
Phone: 734-615-2000
FAX: 734-936-8835