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Enrollment

Enrolling in a retirement savings plan is easy. Review this information to learn how you can start saving today.

Tax-Deferred Account (TDA): Enroll At Hire

Get started right away by taking advantage of the Tax-Deferred Account (TDA) of the SCRP, which allows you to start saving a percentage of your salary on a before-tax basis. The TDA is designed to give employees an immediate vehicle for retirement savings. You may enroll in the TDA after you receive your first paycheck.

Contributory Retirement Account (CRA): Enroll After One Year

Celebrate your one-year anniversary at Stanford by enrolling in the Contributory Retirement Account (CRA) of the SCRP. This account is a flexible and robust savings tool that allows you to contribute a percentage of your salary on either a before-tax or after-tax basis. After one year of service, you will be eligible to receive two types of university contributions, basic and matching contributions.

Whether or not you enroll, Stanford rewards you with a basic contribution based on your salary and years of service. And, if you enroll and make contributions of your own, you become eligible for matching contributions from Stanford. Over time your contributions, plus Stanford's basic and match contributions, add up to a powerful savings tool.

Auto-Enrollment

If you are eligible for the CRA and have met your one year service requirement, we will automatically enroll you at four percent before-tax contribution rate. This will allow you to make the most of your retirement savings and take advantage of the matching contributions. 
 
The auto-enrollment program only applies to those employees who have not made any contribution elections. For example, if you contribute to TDA in your first year and do not elect to participate in CRA, you will not be automatically enrolled and will not receive matching contributions.
 
Log into the Stanford Retirement Manager to see if you have been auto-enrolled in the CRA.

When Contributions Start

Your contribution elections are subject to payroll deadlines.  
 
PAY PERIOD
 Deadline to Enroll or Change Contribution When Contributions Begin
1st through the 15th of that month

5 p.m. P.S.T. on the 10th of the month.

NOTE: If the deadline day falls on a holiday or weekend, the deadline is the prior business day.

 On the paycheck issued on the 22nd of the month
16th through the end of that month

5 p.m. P.S.T. on the 25th of the month.

NOTE: If the deadline day falls on a holiday or weekend, the deadline is the prior business day.

 On the paycheck issued on the 7th of the following month