Retirement Savings
On Your Hire Date
You can contribute to the plan on a pre-tax, post-tax Roth basis up to the IRS annual maximums.
After One Year
After one year of employment, Hope College will contribute 10.5% of your salary—no match required!
Manage Your Contributions
You can change your contributions any time throughout the year in the Transamerica portal.
The College's contribution will begin the first of the following month after you hit one year of service. This benefit is not offered to Resident Directors.
Hope Helps You Build Your Future
You don’t have to defer any of your own money to be eligible for Hope's 10.5% contribution!
We strongly encourage you to contribute to your plan to build substantial savings.
Disability Insurance
Disability benefits are offered to all benefit-eligible employees except RDs, RLCs, Interns, and visiting faculty.
Short-Term Disability
We provide short-term disability at no cost to you!
Benefit Amount
Hourly Employees
60% of normal rate of pay for medically necessary leave
Salaried Staff (Faculty and Administrative)
100% wage continuation for medically necessary leaves
Maximum Benefit Duration
26 weeks
Long-Term Disability
We provide a base long-term disability benefit at no cost to you! You can also elect a buy-up amount for a small premium. These benefits work together when your needs exceed 26 weeks.
Base Benefit Amount
60% of your monthly income up to $6,000 per month
Buy-Up Benefit Amount
70% of your monthly income up to $7,500 per month
The College covers the first 60%; you cover the cost for the additional 10% of the benefit amount. See your cost for coverage when you enroll online.
Life Insurance
Life insurance benefits are offered to all benefit-eligible employees except RDs, RLCs, Interns, and visiting faculty.
Hope College provides basic term life and accidental death & dismemberment (AD&D) coverage at no cost to you. You can give your loved ones an additional layer of security by purchasing voluntary life insurance coverage at competitive group rates.
Basic Life and AD&D
You have coverage for 1.5× your basic annual earnings.
Voluntary Life Insurance
You can elect coverage ranging from 1–7× your basic annual earnings. See your cost for coverage when you enroll.
PO Box 9000, Holland, Michigan 49422-9000