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How to Enroll

Follow these steps to enroll in the Stanford Contributory Retirement Plan (SCRP).

Decide the percentage of salary you wish to contribute through payroll deductions

Determine your contribution amount into these retirement savings accounts. Remember:

  • CRA elections take effect only after you become eligible for the CRA.
  • If you have been employed over one year and contribute to both accounts, the combined amount of your before-tax contributions cannot exceed the annual IRS limits.

 

Contribution Type-Source Payroll Deduction
Non-Matchable Employee Before-Tax (TDA) %
Matchable Employee-Before Tax (CRA)* %
Matchable Employee-After Tax (CRA)   %

*Stanford may have auto-enrolled you at 4% Matchable Employee Before-Tax (CRA) and you may make any changes at any time.

Decide the percentage of your account you wish to direct to a Stanford Retirement Manager account and/or a TIAA account.

Account Allocation Whole Percentage
Stanford Retirement Manager account %
TIAA account** %
TOTAL 100%

**To have any contributions go into a TIAA account, you must first enroll through the Stanford Retirement Manager. Then, you will be directed to TIAA where you will need to complete a TIAA contract. 

Select the funds to hold your contributions

You can have your entire contribution go into one fund or split between several funds.  Make sure all your investment elections are in whole percentages and total 100%. 

Information on SCRP investment options are available on the following websites:

Important: If you make no investment elections (or you fail to complete a TIAA contract, if applicable), your contributions will be invested according to the plan’s default rules, which are the age-appropriate Vanguard Target Retirement Funds.

Select a personal identification number (PIN)

Select a personal identification number (PIN) to use when you access the Stanford Retirement Manager. Your PIN must be 6-12 characters and differ from your Social Security number and birth date.

Start the enrollment process

Once you have created your PIN, the Stanford Retirement Manager website or a Retirement Services Specialist will recognize you are enrolling and will lead you through the process. You will be asked to set up your payroll deductions and your investment elections.

You will receive confirmation of your elections from Fidelity

 Please review these confirmations for accuracy. Confirmation for TIAA accounts will be mailed separately.

Complete the online Beneficiary Designation Forms

Ensure you have identified beneficiaries for your accounts.

  • For Your TIAA Accounts: Log on to www.tiaa-cref.org/beneficiaries. From your account, choose Manage My Portfolio and under Profile & Settings, select View/Change Beneficiaries.
    • For any questions or to receive a paper beneficiary form, please call TIAA at 800-842-2252.
  • For Your Fidelity Investment Accounts: Log on to www.netbenefits.com and click on the Profile tab and select Beneficiaries.
    • For any questions or to receive a paper beneficiary form, please contact Fidelity at 888-793-8733.

Review your upcoming pay statement to see that your deductions have begun

Verify that your correct amount has been deducted.