Be sure that you have provided your employees with the 2017
Salary Reduction Agreement (PDF)
(also known as the Employee Contribution Agreement).
We encourage you to review it first, then sit down with all of your employees to explain your commitment as an Employer offering this important plan, and the employee's ability to benefit from the plan.
Employees complete this form in order to authorize you to withhold voluntary (pre-tax) contributions from their wages and you must forward those contributions to TIAA timely.
You, the Employer, keep the completed contribution agreement on file.
Neither UUA nor TIAA receives the agreement.
Best Practice: Require employees to review and sign the form to document whether or not they authorize withholding for voluntary contributions this Plan Year (calendar year 2017). Documenting an employee's declination gives both you and them a record of their decision, and helps to ensure that they have learned how the plan could help them to save for their eventual retirement.