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BSA Retirement Programs

Brookhaven Science Associates (BSA) is committed to offering retirement programs that reflect industry best practices. Numerous investment funds are available to you through financial services company TIAA.

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BSA Retirement Plan

The BSA Retirement Plan—also known as the 401(a) Plan—provides  you with income upon retirement. BSA makes contributions to your Retirement Plan account based on your base salary, but you direct how your account funds are invested and you may change your contribution allocation or rebalance your investments whenever you choose. Enrollment is automatic as eligibility occurs. When you retire, you can receive the accumulated balance in your account in an annuity or in another optional form. You pay no income taxes on your benefit until it is actually paid to you. You may not contribute to this plan, but you have the option to make contributions to the available 401(k) Plan.

What BSA Contributes

When you are enrolled in the Retirement Plan, BSA contributes an amount equal to 9% of your base salary to your account (10% if you were hired before January 1, 2011). For members of the IBEW union, the SCSPA union or the USW union, the terms of the applicable collective bargaining agreement apply.

Access investment information and take charge of investing your account by logging on to the TIAA website, or contact TIAA at (800) 842-2776.

BSA 401(k) Plan

The 401(k) Plan provides participants with the opportunity to invest up to 25% of their base salary for retirement through pre-tax payroll deductions. Enrollment in the 401(k) Plan is optional. You direct the investment of your account and receive the accumulated balance in your account in an annuity or in another optional form when you retire, terminate employment, or attain age 59½. You can also take loans or hardship distributions if you need to access your savings before you retire as long as you meet the 401(k) Plan’s requirements. You pay no income taxes on your benefit until it is actually paid to you.

How to Enroll

To enroll, go online in PeopleSoft HR  > Employee Self-Service  > Benefits  > Enroll In or Update My 401(k). By enrolling online in PeopleSoft HR, you will authorize contributions, as a percent of your Base Salary, to be deducted from your paycheck. To indicate in which funds your 401(k) Plan contributions will be invested and to designate a beneficiary(ies), go online on the TIAA website. If you are unable to enroll online, then contact the Benefits Office at (631) 344-7516.

For details on the Retirement Plan, see the 401(a) Summary Plan Description (PDF).

For details on the 401(k) Plan, see the 401(k) Summary Plan Description (PDF).

Applies to the 401(a) and 401(k) plans.

Direct your retirement plan contributions among a variety of investment choices beyond the ones offered through your current plan.

Retirement Plan No. 100945, 401(k) Plan No. 100946

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