Higher Education Employees will be eligible to receive a $1 match for every $1 contributed to the State of Tennessee 401(k) plan each month, up to $100, for the fiscal year beginning July 1, 2023. That’s a maximum match of $100 per month for contributions of $100 or more.
If you’re already contributing at least $100 to your 401(k) account each month, great news! You are all set to receive the full $100 match beginning with the first payroll for FY23. If you haven’t yet enrolled or aren’t currently contributing at least $100 each month to the 401(k) account, don’t leave extra money on the table! To get the full match for the fiscal year, log into your 401(k) account now via Empower or by contacting RetireReadyTN at 1-800-922-7772.
The match is currently approved for fiscal year 2024, which runs July 1, 2023, to June 30, 2024.
For questions email ttubenefits@tntech.edu