The recent volatility in the financial markets is enough to make most people nervous. Should you stop investing or go all in? Fortunately, Fidelity & TIAA, Illinois Tech's 403(b) Retirement Plan vendors, have resources available to you to help you navigate this challenging landscape. 

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The Tuition Exchange program is offering a series of family webinars this April and May. If you are the parent of someone who's on track to begin undergraduate study in the fall of 2026, or even someone who's looking to gather information for farther down the road, consider attending along with your child so you're prepared well in advance.

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The Office of Human Resources has seen an increase in unsolicited calls and emails from groups such as the State University Pension Advisors, and National Education Services. These groups reach out to in an attempt to offer investment advice or other benefits they claim are available for Illinois Tech employees specifically. Please note that these vendors are NOT associated with Illinois Tech, nor have they been vetted by the university.

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Fidelity & TIAA, Illinois Tech's 403(b) Retirement Plan vendors, are both be offering a series of financial workshops and webinars in March. There are topics in many different areas of financial wellness.

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Human Resources is pleased to present a series of Financial Wellness courses, made possible by Illinois Tech’s partnership with PNC Bank. The first course of 2025 will focus on creating and following a budget, and will take place on Wednesday, March 12, at 12:45 p.m.

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Are you a faculty member approaching your first anniversary or a staff member approaching your second anniversary? You may wish to take a moment to review your current 403(b) contribution percentage and submit a new Salary Reduction Agreement Form to take advantage of the university match, if you are not already doing so.

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Naming and regularly reviewing beneficiaries (and updating if necessary) is important to ensure that your funds and benefit amounts will be distributed according to your wishes in the event of your death. Fortunately, doing so is quick and easy for your retirement plan account(s), HSA accounts, and life insurance.

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January 31, 2025, is the first monthly paycheck date of the new year. Faculty should review paystubs to ensure accuracy of any benefit changes made during open enrollment, new FSA elections, and 403(b) election changes. Any discrepancies must be reported along with a screenshot verifying successful completion of Open Enrollment no later than Friday, February 7, 2025.

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Human Resources is pleased to continue a series of Financial Wellness sessions this year, made possible by Illinois Tech’s partnership with PNC Bank. The first session of 2025 on Wednesday, February 19 will feature an introduction to PNC's workplace banking benefits, which are available to all Illinois Tech employees regardless of whether or not they have accounts with PNC.

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Due to recent legislative changes, beginning with the 2025 plan year, which impacts 1095-Cs distributed in 2026, Illinois Tech will furnish 1095-Cs only upon request. Please note that all covered and non-covered eligible employees will receive a 1095-C form for 2024 in the mail soon. The notice below pertains to 1095-C forms that will be distributed in 2026 and subsequent years.

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