403(b) Retirement Plan

Employees of Sponsored Programs Foundation (SPF) are eligible to contribute to a voluntary tax-sheltered annuity plan. The 403(b) program allows SPF employees to save toward retirement by investing pre-tax contributions in tax-deferred investments in either annuities or mutual funds, under Internal Revenue Code (IRC) Section 403(b).

Principal Financial Group

Effective October 1, 2018, the Humboldt State University Foundation 403(b) TDA Plan (the Prior Plan) was merged into and became a part of the Humboldt State University Foundation 403(b) DC Plan (the Surviving Plan) with all accrued benefits and account balances under the Prior Plan becoming accrued benefits and account balances under the Surviving Plan. The Sponsored Programs Foundation is and has been the Plan Sponsor of both plans. 

Upon approval of the Board of Directors, Principal Financial Group was selected to serve as the investment provider for the Humboldt State University Foundation 403(b) DC Plan. Below are a few helpful documents provided by Principal to assist with the transition:

Principal Financial Group was onsite September 5th and 6th at Cal Poly Humboldt to meet one on one with our SPF employees and assist our with the transition. To view the slides from their on-campus presentation Click Here.

SPF's 403(b) Retirement Plan

Effective October 1, 2018, SPF Employees will be eligible to receive 10% Employer Contributions on the first day of the calendar month coinciding with or next following the day you meet the following requirements:

  • You attain age 21
  • You complete 1 year of service with 1,000 hours in that year

Once you satisfy the eligibility requirements and enter the plan, you will continue to participate while you are still employed by SPF, even if you have a break in eligibility service (occurs when you do not work more than 500 hours) or have a reduction in time base. Note, although you should receive a copy of the Summary Plan Description (SPD) when you become eligible, you may request another copy at any time.

*** Effective 1/1/2023 this will be our updated Summary Plan Description (SPD) ***


SPF employees will not be eligible to participate in the retirement plan if they fall into one of the following categories:

  • You are eligible to participate in a 401(k) or another 403(b) plan sponsored by Cal Poly Humboldt under which you can make employee contributions. (Category E – Stateside Employees)
  • You are a student performing services for Sponsored Programs Foundation and where you are pursuing a course of study with Cal Poly Humboldt. (Category C – Student Employees)

All other categories of SPF Employees will be eligible to participate in both the Elective Deferrals (voluntary) and/or receive the Employer Contributions. For Principal Enrollment instructions, Click Here.