Swarthmore College. Changes to the 403(b) Retirement Plan. One Hundred Northfield Drive, Windsor, CT Toll Free:

Size: px
Start display at page:

Download "Swarthmore College. Changes to the 403(b) Retirement Plan. One Hundred Northfield Drive, Windsor, CT 06095 Toll Free: 866.466.9412 www.fiallc."

Transcription

1 Changes to the 403(b) Retirement Plan One Hundred Northfield Drive, Windsor, CT Toll Free:

2 This presentation is provided for informational purposes only. It does not and is not intended to constitute legal advice. You should consult your professional, legal, and/or tax advisers with specific questions about your individual situation. Due to various factors, including changing market conditions and/or applicable laws, the content may no longer be reflective of current opinions or positions. Moreover, you should not assume that any discussion or information contained in this presentation serves as the receipt of, or as a substitute for, personalized investment advice from Fiduciary Investment Advisors, LLC. To the extent that areader has any questions regarding the applicability of any specific issue discussed above to his/her individual situation, he/she is encouraged to consult with the professional advisor of his/her choosing. A copy of the Fiduciary Investment Advisors, LLC s current written disclosure statement discussing our advisory services and fees is available for review upon request. Past performance may not be indicative of future results. Different types of investments involve varying degrees of risk, and there can be no assurance that the future performance of any specific investment, investment strategy, or product (including the investments and/or investment strategies recommended or undertaken by Fiduciary Investment Advisors, LLC), or any non investment related content, made reference to directly or indirectly in this presentation will be profitable, equal any corresponding indicated historical performance level(s), be suitable for your portfolio or individual situation, or prove successful. 2

3 Topics for Review Background to Changes in the Retirement Plan Steps Taken by and the Fiduciary Committee The New Investment Menu Changes to Consider & Things You Can Do Now Important Dates to Remember 3

4 Why Are Changes Being Made? In recent years, Federal regulation over retirement plans has evolved and imposed a higher level of responsibility on 403(b) retirement plans, requiring them to operate more like 401(k) plans. Sponsors of 403(b) plans are subject to fiduciary responsibilities as guided by sections of The Employee Retirement Income Security Act of 1974 ( ERISA ). The primary changes that must adhere to include taking on fiduciary responsibility for: Selecting and monitoring plan investments; Assessing and monitoring the reasonableness of retirement plan fees; Distributing annual fee disclosure notices to participants; Providing an annual plan audit by a CPA. 4

5 Steps Taken to Comply with Regulations The Board of Managers of established the Fiduciary Committee which was charged with fulfilling the College s responsibilities for the Retirement Plan. The Committee retained Fiduciary Investment Advisors, LLC (FIA), a third party independent retirement plan consultant, to help the Committee assess the status of the current retirement plan and assist with changes. The Committee conducted a rigorous review of the 403(b) retirement plan and developed a strengthened and streamlined lineup of investment options. Investment options in the plan will continue to be monitored by the Fiduciary Committee with the assistance of FIA. 5

6 Overview of Plan Changes Current, TIAA-CREF & Calvert serve as recordkeepers. - TIAA-CREF,: 22 total investment options 10 annuities, 11 mutual fund options, and 1 suite of target-date funds - : > 60 mutual fund options and 1 suite of target date funds - Calvert: 17 mutual fund options Investment : proprietary at each institution (ie., TIAA-CREF,, Calvert offerings respectively). Participants have the ability to invest in: - TIAA Traditional, with its guaranteed rate of return and income in retirement. - CREF Stock, a competitive & popular option that provides broad equity market exposures. Investments and other fees on each menu are competitive when compared to peers and industry benchmarks. New and TIAA-CREF will serve as joint recordkeepers of the plan. TIAA-CREF platform: 8 investment options: 5 annuities 2 index mutual funds 1 suite of target date funds platform: 18 investment options 12 active mutual funds 5 index mutual funds 1 suite of target date funds Investments: Diversified investment options from a broad selection of mutual fund managers. Participants will continue to have the ability to invest in TIAA Traditional & CREF Stock, two popular options among participants. Participants will continue to have the ability to invest in several other annuity options from the former investment lineup as well. Investments and other fees will continue to be competitive, and may be lower over time. 6

7 Investment Evaluation and On Going Review Organization The investment firm must be financially and structurally sound and have the financial, operational and personnel resources to carry out its strategy. There should be no legal or regulatory proceedings surrounding the firm. The firm must have an appropriate compensation structure and demonstrate a passion for investing. Philosophy The investment manager must have a clearly defined and disciplined investment philosophy that is based on sound investment theory, which is followed consistently and with conviction. Investment Process The methods and procedures an investment manager uses to apply his philosophy constitutes the investment process. It is important that the manager s techniques for selecting and selling securities be sound, consistent and research intensive. Style Consistency The investment manager is expected to adhere to his particular investment style, despite prevailing market sentiment. Personnel The investment firm s professionals need to be skilled, experienced, properly credentialed and knowledgeable. Quality of Research The investment firm s research team must have the capacity and resources to evaluate and track the full universe of investment opportunities defined by its investment philosophy. The staff must possess extensive knowledge of the companies and particular securities being researched. Performance The investment manager must successfully demonstrate an ability to identify investment opportunities (their edge ). The manager should demonstrate competitive long term performance as compared to a relevant benchmark and peer group. Risk Controls Strong consideration is given to risk adjusted performance. The investment manager must implement appropriate risk controls, commensurate with their philosophy and process. Operations Asystemofoperationalpolicies,procedures,andriskcontrolsmustbeinplace. Thefirm should have contingency plans to control organizational risks, such as a physical disaster recovery plan. 7

8 Investment Tiers: Which Describes You? The investment lineup can be organized across a two tier framework that provides options among a range of investment styles. Participants will be able to invest in any or all of the following: Tier 1 Tier 2 Target Retirement Funds Annuity Options Index Mutual Funds Active Mutual Funds Tier Type Funds based on participant age, expected retirement, and a glide path that changes allocation relative to retirement age Fixed and variable annuity options that provide diversified market exposures and annuity features A streamlined selection of low cost passively managed index funds in 5 asset classes Actively managed investment options that span a diverse array of asset class categories Participant Type Participants who want a higher level of professional guidance Participants who want the benefits that annuity options provide Participants who want broad market coverage options at a low cost Participants who want to assume greater control of their investments # of Investment Options

9 /TIAA CREF: New Menus Large Value Large Blend Large Growth TIAA CREF TIAA Traditional CREF Money Mkt TIAA CREF Bond Index CREF Social Choice Suite of TIAA CREF Lifecycle Funds Money Mkt / SV Fixed Income Balanced Sm/Mid Value CREF Stock Sm/Mid Blend Domestic Equity Sm/Mid Growth TIAA CREF International Equity Index TIAA Real Estate International Other Large Value Large Blend Large Grwth VANGUARD Prime Money Market Total Bond Index Dodge & Cox Income Inflation Protected Secs Suite of Retirement Funds Windsor II Sm/Mid Value 500 Index Neuberger Berman Socially Responsible Sm/Mid Blend Primecap Sm/Mid Growth International Stock Index International Growth Artisan Int l Value Green: Annuity Investments Blue: Mutual Fund Investments Templeton Global Bond Diamond Hill Small Mid Cap Extended Market Index T. Rowe Price New Horizons Schroder Emerging Market Eq Columbia Acorn International 9

10 Investing in Annuities & Mutual Funds Annuities Types Fixed & Variable Index & Active Mutual Funds Objective Fixed: Guarantees principal and a specified interest rate and may offer dividends. Variable: Are designed to provide market like returns in their respective asset categories and can therefore fluctuate in value. Index: Seeks to replicate the returns of a specific index. Active: Seeks to outperform the returns of a specific index. Features The unique feature that annuities offer is the ability to convert balances into annual streams of income in retirement. Allows investors to have access to professionally managed and diversified portfolios. A mutual fund is constructed based on certain investment objectives. Source: TIAA CREF 10

11 TIAA Traditional Current Interest Rates (as of 9/12/13) Minimum Crediting Rate During Accumulation Phase Participant Initiated Withdrawals RA/GRA: 3.75% SRA/GSRA: 3.00% 3% RA/GRA: 10 installments over 9 years and a day SRA/GSRA: Fully liquid 1 Up to date crediting rates can be found at cref.org/public/tcfpi/investresearch Source: TIAA CREF 11

12 Target Retirement Funds Target Date Suite Target Retirement Income Target Retirement 2010 Target Retirement 2015 Target Retirement 2020 Target Retirement 2025 Target Retirement 2030 Target Retirement 2035 Target Retirement 2040 Target Retirement 2045 Target Retirement 2050 Target Retirement 2055 Target Retirement 2060 Underlying Funds Utilized Total Stock Market Index Total International Stock Market Index Total Bond Market II Index Total International Bond Index Short Term Inflation Protected Securities Source: 12

13 TIAA CREF Lifecycle Funds Target Date Suite TIAA-CREF Lifecycle Rtrmnt Income TIAA-CREF Lifecycle 2010 TIAA-CREF Lifecycle 2015 TIAA-CREF Lifecycle 2020 TIAA-CREF Lifecycle 2025 TIAA-CREF Lifecycle 2030 TIAA-CREF Lifecycle 2035 TIAA-CREF Lifecycle 2040 TIAA-CREF Lifecycle 2045 TIAA-CREF Lifecycle 2050 TIAA-CREF Lifecycle 2055 Underlying Funds Utilized Large Cap Growth Mid Cap Growth Global Natural Resources Large Cap Value Mid Cap Value Bond Enhanced Large Cap Growth Index Small Cap Equity Bond Plus Enhanced Large Cap Value Index International Equity High Yield Growth & Income Enhanced InternationalEquity Money Market Mid Cap Growth Emerging Markets Equity Index International Opportunities Source: TIAA CREF 13

14 Considerations for the New Funds 1 Future Contributions New Investments You can select a new allocation for your contributions. If you do not, any contributions to investments being closed will be directed into the Target Date Funds. Current Investment Balances New Investments You can transfer balances to the new investment options 1. If you do not: Balances in mutual funds that are closed will transfer into the Target Date Funds. Balances in Annuities that are closed will remain there. 1 Please review the Transition Guide for detail on the investments, transition timing, and recordkeeper requirements. Some investments may have unique characteristics that can influence the transfer of assets. Please review your holdings and consult an adviser at TIAA CREF and/or for more detail. 14

15 What Should You Do Now? Review your Quarterly Statement; Review the Transition Guide which was sent to you; Refer to the College Website for more information about the changes; Visit the and TIAA CREF websites to learn more about your investment choices; Evaluate your current investment portfolio & make changes if desired. You can make changes to your investments during this process or at anytime thereafter. 15

16 Important Dates to Remember in October On Campus Group Sessions Sessions will be led by and TIAA CREF and will highlight the resources and tools available to you. 16

17 Important Dates to Remember in October Individual Participant Sessions (Oct.) Consider making an appointment with a or TIAA CREF adviser to discuss your investment options in more detail. Additional sessions will be made available in the future as well. Phone and web support are also available. 17

18 QUESTIONS? 18

19 Disclaimer Please remember that different types of investments involve varying degrees of risk, and there can be no assurance that the future performance of any specific investment, investment strategy, or product (including the investments and/or investment strategies recommended or undertaken by Fiduciary Investment Advisors), or any non investment related content, made reference to directly or indirectly above, will be profitable, equal any corresponding indicated historical performance level(s), be suitable for your portfolio or prove successful. Due to various factors, including changing market conditions and/or applicable laws, the content may no longer be reflective of current opinions or positions. Fiduciary Investment Advisors is neither a law firm nor a certified public accounting firm and no portion of the content should be construed as legal or accounting advice. Please remember to contact Fiduciary Investment Advisors, in writing, if there are any changes in your personal/financial situation or investment objectives for the purpose of reviewing/evaluating/revising our previous recommendations and/or services. A copy of Fiduciary Investment Advisors' current written disclosure statement discussing our advisory services and fees is available for review upon request. 19

Fund changes coming to your retirement plan. Swarthmore College Regular Retirement Plan

Fund changes coming to your retirement plan. Swarthmore College Regular Retirement Plan Fund changes coming to your retirement plan Swarthmore College Regular Retirement Plan As Swarthmore College enters its 150th year as a premier practitioner of the liberal arts, it is ever more grateful

More information

Statement of Investment Policies and Objectives. University of Rochester Retirement Plan. April 2014

Statement of Investment Policies and Objectives. University of Rochester Retirement Plan. April 2014 Statement of Investment Policies and Objectives University of Rochester Retirement Plan April 2014 Contents Purpose 1 Philosophy 2 Delegation of Responsibilities 3 Investment Structure and Investment Option

More information

INVESTMENT POLICY STATEMENT. Creighton University 403(b) Retirement Plan

INVESTMENT POLICY STATEMENT. Creighton University 403(b) Retirement Plan INVESTMENT POLICY STATEMENT For Creighton University 403(b) Retirement Plan November 2008 Cornerstone Advisors Asset Management, Inc. 74 West Broad Street, Suite 340 Bethlehem, PA 18018 TABLE OF CONTENTS

More information

Voya Retirement Insurance and Annuity Company

Voya Retirement Insurance and Annuity Company P E R F O R M A N C E U P D A T E Voya Retirement Insurance and Annuity Company CLACKAMAS COUNTY 457(B) DC PLAN Separate Account D Average Annual Total Returns as of: 11/30/2015 (shown in percentages)

More information

Retirement Plans Investment Policy Statement

Retirement Plans Investment Policy Statement Retirement Plans Investment Policy Statement Adopted on August 18, 2015 Effective Date: August 1, 2015 INTRODUCTION Central Michigan sponsors a 403(b) and a 457(b) Retirement Plan (the Plans ) for the

More information

ORP Highlights. Optional Retirement Plan Highlights. Optional Retirement Plan Public Employee Retirement System. Photo: University of Oregon

ORP Highlights. Optional Retirement Plan Highlights. Optional Retirement Plan Public Employee Retirement System. Photo: University of Oregon Optional Retirement Plan Highlights Ed1, 013 (1/1/013) Photo: University of Oregon This is a quick reference guide that includes information on ORP features, plan providers and detailed investment options.

More information

VRS Investment Policy Statement for the Optional Retirement Plan for Employees of Institutions of Higher Education

VRS Investment Policy Statement for the Optional Retirement Plan for Employees of Institutions of Higher Education VRS Investment Policy Statement for the Optional Retirement Plan for Employees of Institutions of Higher Education Approved by the Board of Trustees: February 16, 2012 Updated November 14, 2013 This Investment

More information

TIAA-CREF NOVA SOUTHEASTERN UNIVERSITY 401(K) PLAN. Summary of Plan Services and Costs

TIAA-CREF NOVA SOUTHEASTERN UNIVERSITY 401(K) PLAN. Summary of Plan Services and Costs NOVA SOUTHEASTERN UNIVERSITY 401(K) PLAN Summary of Plan Services and Costs July 11, 2013 This summary provides important information to assist you in making decisions related to your participation in

More information

Best practices for confident plan compliance

Best practices for confident plan compliance Best practices for confident plan compliance Ongoing efforts to expand retirement plan participation, promote transparency and enhance benefit security have increased responsibilities for plan sponsors.

More information

JOHNS HOPKINS UNIVERSITY 403(b) PLAN and JOHNS HOPKINS UNIVERSITY INCOME DEFERRAL 403(b) PLAN FOR RESIDENTS, INTERNS AND POSTDOCTORAL FELLOWS

JOHNS HOPKINS UNIVERSITY 403(b) PLAN and JOHNS HOPKINS UNIVERSITY INCOME DEFERRAL 403(b) PLAN FOR RESIDENTS, INTERNS AND POSTDOCTORAL FELLOWS JOHNS HOPKINS UNIVERSITY 403(b) PLAN and JOHNS HOPKINS UNIVERSITY INCOME DEFERRAL 403(b) PLAN FOR RESIDENTS, INTERNS AND POSTDOCTORAL FELLOWS Summary of Plan Services and Costs This summary provides important

More information

I.A.M. National 401(k) Plan. Investment Options Summary

I.A.M. National 401(k) Plan. Investment Options Summary I.A.M. National 401(k) Plan Investment Options Summary The I.A.M. National 401(k) Plan offers a diverse investment lineup to meet the varied needs of our participants. The lineup includes 12 Retirement

More information

Considerations for Plan Sponsors: CUSTOM TARGET DATE STRATEGIES

Considerations for Plan Sponsors: CUSTOM TARGET DATE STRATEGIES PRICE PERSPECTIVE April 2015 Considerations for Plan Sponsors: CUSTOM TARGET DATE STRATEGIES In-depth analysis and insights to inform your decision making. EXECUTIVE SUMMARY Defined contribution plan sponsors

More information

Build your investment program on a strong foundation

Build your investment program on a strong foundation A MassMutual Investment Program Guide for Financial Professionals Build your investment program on a strong foundation Smart Architecture SM offers retirement plan sponsors and advisors Diversification

More information

I.A.M. National 401(k) Plan. Investment Options Summary

I.A.M. National 401(k) Plan. Investment Options Summary I.A.M. National 401(k) Plan Investment Options Summary The I.A.M. National 401(k) Plan offers a diverse investment lineup to meet the varied needs of our participants. The lineup includes 12 Retirement

More information

August 26, 2015. Re: Important information about your retirement plan

August 26, 2015. Re: Important information about your retirement plan MANHATTANVILLE COLLEGE 2900 PURCHASE STREET PURCHASE, NY 105772131 August 26, 2015 SECTION1 Re: Important information about your retirement plan The enclosed information is being provided to help you make

More information

Frequently Asked Questions

Frequently Asked Questions Lifecycle Funds...2 What is a lifecycle fund and how does it work?...2 Why was a lifecycle fund chosen as the new automatic (or default ) investment?...2 What are passive (index) management funds?...2

More information

Understanding Retirement Plan Fees and Expenses

Understanding Retirement Plan Fees and Expenses Understanding Retirement Plan Fees and Expenses To view this and other EBSA publications, visit the agency s Web site at: www.dol.gov/ebsa. To order publications, contact us electronically at: www.askebsa.dol.gov.

More information

Voya Retirement Insurance and Annuity Company

Voya Retirement Insurance and Annuity Company P E R F O R M A N C E U P D A T E Voya Retirement Insurance and Annuity Company SEPTA DEFERRED COMPENSATION Separate Account D, Group Annuity Contract Average Annual Total Returns as of: 01/31/2016 (shown

More information

1. Online by visiting tiaa-cref.org 2. By phone at 800 842-2252 available Monday Friday, 8 a.m. to 10 p.m. and Saturday, 9 a.m. to 6 p.m.

1. Online by visiting tiaa-cref.org 2. By phone at 800 842-2252 available Monday Friday, 8 a.m. to 10 p.m. and Saturday, 9 a.m. to 6 p.m. SWEET BRIAR COLLEGE DEFINED CONTRIBUTION RETIREMENT PLAN Summary of Plan Services and Costs This summary provides important information to assist you in making decisions related to your participation in

More information

SAMPLE OF INVESTMENT POLICY STATEMENT

SAMPLE OF INVESTMENT POLICY STATEMENT investment services SAMPLE OF INVESTMENT POLICY STATEMENT FOR THE (PLAN NAME) OUR HISTORY We are TIAA-CREF. We re a full-service financial services organization that has dedicated itself to helping those

More information

Human Energy. Yours. TM. New Investment Choices in Your ESIP. Your Wealth. New Investment Choices in Your ESIP 1

Human Energy. Yours. TM. New Investment Choices in Your ESIP. Your Wealth. New Investment Choices in Your ESIP 1 Human Energy. Yours. TM New Investment Choices in Your ESIP Your Wealth. New Investment Choices in Your ESIP 1 New Investment Choices in Your ESIP How you invest the money you save in the ESIP is one of

More information

INVESTMENT TERM GLOSSARY

INVESTMENT TERM GLOSSARY A Accrued Interest - Interest that has been earned but not yet credited to a bond or other fixed-income investment, such as a certificate of deposit. Active Management The use of professional investment

More information

TIAA-CREF HAVERFORD COLLEGE DEFINED CONTRIBUTION RETIREMENT PLAN. Summary of Plan Services and Costs

TIAA-CREF HAVERFORD COLLEGE DEFINED CONTRIBUTION RETIREMENT PLAN. Summary of Plan Services and Costs HAVERFORD COLLEGE DEFINED CONTRIBUTION RETIREMENT PLAN Summary of Plan Services and Costs August 9, 2013 This summary provides important information to assist you in making decisions related to your participation

More information

Evaluating Target Date Funds. 2003 2013 Multnomah Group, Inc. All Rights Reserved.

Evaluating Target Date Funds. 2003 2013 Multnomah Group, Inc. All Rights Reserved. 2003 2013 Multnomah Group, Inc. All Rights Reserved. Scott Cameron, CFA Scott is the Chief Investment Officer for the Multnomah Group and a Founding Principal of the firm. In that role, Scott leads Multnomah

More information

Wellesley College Retirement Plan Transition Guide. Inside is everything you need to know about the transition to the new Investment Menu.

Wellesley College Retirement Plan Transition Guide. Inside is everything you need to know about the transition to the new Investment Menu. Learn Prepare Engage Wellesley College Retirement Plan Transition Guide Inside is everything you need to know about the transition to the new Investment Menu. 1 Introduction 2 Building Your Retirement

More information

Overview of Your TIAA-CREF Investment Solutions SM Accounts

Overview of Your TIAA-CREF Investment Solutions SM Accounts Overview of Your TIAA-CREF Investment Solutions SM Accounts TIAA-CREF Investment Solutions SM now offers you nine mutual funds in addition to our fixed and variable annuity accounts. TIAA-CREF Investment

More information

University of Puget Sound Retirement Savings Plan Frequently Asked Questions Updated June 22, 2011

University of Puget Sound Retirement Savings Plan Frequently Asked Questions Updated June 22, 2011 Puget Sound is committed to helping you achieve your retirement goals and adding value to your participation in the university s retirement savings plan. In order to support a retirement savings plan in

More information

WHY FLEXSHARES? Based on Understanding. Built on Experience.

WHY FLEXSHARES? Based on Understanding. Built on Experience. WHY FLEXSHARES? Based on Understanding. Built on Experience. BASED ON UNDERSTANDING Most exchange traded funds (ETFs) are designed to track indexes. You invest for a reason, though and need to accomplish

More information

Get a head start on your future. A step-by-step guide to the coming Cornell University Retirement Plan updates

Get a head start on your future. A step-by-step guide to the coming Cornell University Retirement Plan updates Get a head start on your future. A step-by-step guide to the coming Cornell University Retirement Plan updates Retirement program updates are coming. Cornell University is committed to offering you the

More information

CLARKSON UNIVERSITY PENSION PLAN

CLARKSON UNIVERSITY PENSION PLAN CLARKSON UNIVERSITY PENSION PLAN Investment Options Comparative Chart Your plan allows you to direct how your contributions are invested. When making investment decisions, you should keep in mind how long

More information

July 28, 2015. Re: Important information about your retirement plan

July 28, 2015. Re: Important information about your retirement plan JOHN CARROLL UNIVERSITY One John Carroll Blvd. UNIVERSITY HEIGHTS, OH 441184520 July 28, 2015 SECTION1 Re: Important information about your retirement plan The enclosed information is being provided to

More information

Children s Mercy Hospital Retirement Plan. Tax Deferred Annuity (TDA) Plan Enrollment Guide

Children s Mercy Hospital Retirement Plan. Tax Deferred Annuity (TDA) Plan Enrollment Guide Children s Mercy Hospital Retirement Plan Tax Deferred Annuity (TDA) Plan Enrollment Guide Welcome to your Children s Mercy Tax Deferred Annuity (TDA) Retirement Plan. The TDA Plan (a 403[b] plan often

More information

Understanding Your Retirement Plans Changes Essential Information for Participants of the tufts university retirement plans

Understanding Your Retirement Plans Changes Essential Information for Participants of the tufts university retirement plans Understanding Your Retirement Plans Changes Essential Information for Participants of the tufts university retirement plans 2 Introducing the changes to your Tufts University retirement plans Effective

More information

Investment Policy For the 457(b) and 401(a) Deferred Compensation Plans

Investment Policy For the 457(b) and 401(a) Deferred Compensation Plans SACRAMENTO COUNTY Investment Policy For the 457(b) and 401(a) Deferred Compensation Plans Approved by the Sacramento County Board of Supervisors September 15, 2015 Resolution No. 2015-0686 Table of Contents

More information

Michigan State University Mapping Schedule

Michigan State University Mapping Schedule Michigan State University Mapping Schedule (This page left blank intentionally) Table of Contents 1 AXA Equitable 4 Fidelity 10 Lord Abbett 13 TIAA-CREF 15 VALIC 18 Vanguard (This page left blank intentionally)

More information

Fit for Retirement: Understanding Your New Investment Options

Fit for Retirement: Understanding Your New Investment Options Fit for Retirement: Understanding Your New Investment Options Dear RIT Retirement Savings Plan Participant, This newsletter is a follow-up to the announcement you received in November regarding upcoming

More information

Louisiana Optional Retirement Plan Louisiana Optional Retirement Plan

Louisiana Optional Retirement Plan Louisiana Optional Retirement Plan TIAA-CREF Quarterly Performance Louisiana Optional Retirement Plan Louisiana Optional Retirement Plan Performance as of 03/31/2016 Before making your investment choices and completing your enrollment form,

More information

SCOTT & WHITE RETIREMENT/401(K) PLAN Plan Number 090337 Plan Information as of 05/16/2015

SCOTT & WHITE RETIREMENT/401(K) PLAN Plan Number 090337 Plan Information as of 05/16/2015 SCOTT & WHITE RETIREMENT/401(K) PLAN Plan Number 090337 Plan Information as of 05/16/2015 This legally required notice includes important information to help you compare the investment options under your

More information

FOR DISCUSSION TODAY WHAT IS AN IRA? IRA EDUCATION WORKSHOP

FOR DISCUSSION TODAY WHAT IS AN IRA? IRA EDUCATION WORKSHOP IRA EDUCATION WORKSHOP More Choices, More Flexibility, More Control C40949 FOR DISCUSSION TODAY 1. WHAT IS AN IRA? 2. 3. CHOOSING YOUR IRA 4. FIVE THINGS TO REMEMBER Transfers may be subject to differences

More information

All Canyon Resources Employees REMINDER ABOUT THE 4O1(K) PLAN AND SUMMARY OF RECENT CHANGES

All Canyon Resources Employees REMINDER ABOUT THE 4O1(K) PLAN AND SUMMARY OF RECENT CHANGES TO: RE: All Canyon Resources Employees REMINDER ABOUT THE 4O1(K) PLAN AND SUMMARY OF RECENT CHANGES WHAT IS THE 401(k) PLAN? The 401(k) plan is designed to help you save for your retirement. You decide

More information

PERSI Choice 401(k) Plan Investment Policy

PERSI Choice 401(k) Plan Investment Policy PERSI Choice 401(k) Plan Investment Policy I. Plan Objective The Public Employee Retirement System of Idaho (PERSI) sponsors the PERSI Choice Plan (the "Choice Plan" or "Plan") for the benefit of its members.

More information

INVESTMENT POLICY STATEMENT Valued Client

INVESTMENT POLICY STATEMENT Valued Client INVESTMENT POLICY STATEMENT Valued Client August 17, 2010 PREPARED BY: John Ohl Bay Colony Advisors 91 Main St STE 308 Concord, Massachusetts 01742 (978) 369-7200 John@baycolonyadvisors.com www.baycolonyadvisors.com

More information

Nevada Public Employees Deferred Compensation Program. Statement of Investment Policy. Amended June 2011

Nevada Public Employees Deferred Compensation Program. Statement of Investment Policy. Amended June 2011 Nevada Public Employees Deferred Compensation Program Statement of Investment Policy Amended June 2011 Adopted March 2006 Nevada Public Employees Deferred Compensation Program Statement of Investment Policy

More information

evolution The of your Yale University Retirement Program

evolution The of your Yale University Retirement Program evolution The of your Yale University Retirement Program Evolving the Yale University Retirement Program Table of contents One provider, more options...3 What to expect...8 Key dates...11 Frequently asked

More information

The George Washington University Retirement Plans. How to get started

The George Washington University Retirement Plans. How to get started The George Washington University Retirement Plans How to get started Table of Contents Why Save 3 Plans at a Glance 4 Approved Investment Providers 7 How to Enroll 8 Provider Fact Sheets 9 Investment Education

More information

CHOOSING YOUR INVESTMENTS

CHOOSING YOUR INVESTMENTS CHOOSING YOUR INVESTMENTS FOR ASSISTANCE CONTACT US TODAY FOR MORE INFORMATION, ADVICE OR HELP OPENING AN ACCOUNT, IT S EASY TO REACH US: BY PHONE Call us at 800 TIAA-CREF (800 842-2273) to speak with

More information

The TIAA-CREF Advisor Network

The TIAA-CREF Advisor Network The TIAA-CREF Advisor Network Expanding Employee Advice Services Through Independent RIA s Robert Rickey, CFP, AIF December 18, 2013 Full Spectrum of Advice Services TIAA-CREF recognizes how important

More information

ThoughtCapital. Investment Strength and Flexibility

ThoughtCapital. Investment Strength and Flexibility Investment Strength and Flexibility Principal Trust SM Target Date Funds The Principal Trust SM Target Date Funds (Target Date Funds) are designed to capitalize on the growing popularity of Do-It-For-Me

More information

Stonegate Wealth Management. Registered Investment Advisor 17-17 Route 208 Fair Lawn, N.J. 07410 (201) 791-0085 www.stonegatewealth.

Stonegate Wealth Management. Registered Investment Advisor 17-17 Route 208 Fair Lawn, N.J. 07410 (201) 791-0085 www.stonegatewealth. Stonegate Wealth Management Registered Investment Advisor 17-17 Route 208 Fair Lawn, N.J. 07410 (201) 791-0085 www.stonegatewealth.com Stonegate Wealth Management $200 Million in assets under management.

More information

MERCER WEBCAST MEETING TODAY S CHALLENGES FOR 401(K) SPONSORS OCTOBER 22, 2014. Liana Magner Amy Reynolds

MERCER WEBCAST MEETING TODAY S CHALLENGES FOR 401(K) SPONSORS OCTOBER 22, 2014. Liana Magner Amy Reynolds MEETING TODAY S CHALLENGES FOR 401(K) SPONSORS OCTOBER 22, 2014 Liana Magner Amy Reynolds Today s speakers Liana Magner, CFA Partner US Delegated DC Leader MERCER W EBCAST Amy Reynolds, ASA Partner US

More information

Please read this important information for Yale University Matching Retirement Plan participants

Please read this important information for Yale University Matching Retirement Plan participants Please read this important information for Yale University Matching Retirement Plan participants This notice gives you important information about the default investment funds selected for the Matching

More information

Make the Most of Your Retirement Plan: The University System of Georgia Optional Retirement Plan Enrollment Guide

Make the Most of Your Retirement Plan: The University System of Georgia Optional Retirement Plan Enrollment Guide Make the Most of Your Retirement Plan: The University System of Georgia Optional Retirement Plan Enrollment Guide Table of Contents The University System of Georgia Optional Retirement Plan: Enrollment

More information

Sample Client FIDUCIARY INVESTMENT REVIEW. January 15, 2010

Sample Client FIDUCIARY INVESTMENT REVIEW. January 15, 2010 Sample Client FIDUCIARY INVESTMENT REVIEW January 5, 2 FIDUCIARY INVESTMENT REVIEW Sample Client presented by: Michael E. Morris Director Institutional Consulting Ross, Sinclaire & Associates 7 Walnut

More information

ROCHESTER INSTITUTE OF TECHNOLOGY Comparable Funds By Asset Class

ROCHESTER INSTITUTE OF TECHNOLOGY Comparable Funds By Asset Class ROCHESTER INSTITUTE OF TECHNOLOGY Comparable Funds By Asset Class In response to the request from several participants, the following is a guide to comparable funds in the new investment fund lineup, by

More information

CMG Managed High Yield Bond Program. 2015 CMG Capital Management Group, Inc.

CMG Managed High Yield Bond Program. 2015 CMG Capital Management Group, Inc. CMG Managed High Yield Bond Program About CMG CMG is a Registered Investment Advisor located in King of Prussia, Pennsylvania founded in 1992 by Stephen Blumenthal. Since our inception, CMG has embraced

More information

TIAA-CREF THE BROWN UNIVERSITY DEFERRED VESTING RETIREMENT PLAN. Summary of Plan Services and Costs

TIAA-CREF THE BROWN UNIVERSITY DEFERRED VESTING RETIREMENT PLAN. Summary of Plan Services and Costs THE BROWN UNIVERSITY DEFERRED VESTING RETIREMENT PLAN Summary of Plan Services and Costs July 3, 2013 This summary provides important information to assist you in making decisions related to your participation

More information

Evaluating Target Date Funds. 2003 2015 Multnomah Group, Inc. All Rights Reserved.

Evaluating Target Date Funds. 2003 2015 Multnomah Group, Inc. All Rights Reserved. 2003 2015 Multnomah Group, Inc. All Rights Reserved. Scott Cameron, CFA Scott is the Chief Investment Officer for the Multnomah Group and a Founding Principal of the firm. In this role, Scott leads Multnomah

More information

Schwab Bank Savings. An FDIC-insured deposit feature for retirement plans

Schwab Bank Savings. An FDIC-insured deposit feature for retirement plans Schwab Bank Savings An FDIC-insured deposit feature for retirement plans It s different from the usual cash preservation options, with a lot of benefits In conversations with our clients, Schwab Bank has

More information

Plan and Investment Notice

Plan and Investment Notice PRINCETON UNIVERSITY RETIREMENT PLAN Plan and Investment Notice Your participation in your employer's retirement plan is the first step to ensuring adequate retirement income. The purpose of this Plan

More information

U.S. Department of Labor Employee Benefits Security Administration

U.S. Department of Labor Employee Benefits Security Administration U.S. Department of Labor Employee Benefits Security Administration This publication has been developed by the U.S. Department of Labor, Employee Benefits Security Administration. To view this and other

More information

Voya Retirement Insurance and Annuity Company

Voya Retirement Insurance and Annuity Company P E R F O R M A N C E U P D A T E Voya Retirement Insurance and Annuity Company STATE OF NEVADA DEFERRED COMP Separate Account D, Group Annuity Contract Average Annual Returns as of: 05/31/2016 (shown

More information

TRANSFER PAYOUT ANNUITIES

TRANSFER PAYOUT ANNUITIES SAVING FOR RETIREMENT TRANSFER PAYOUT ANNUITIES TRANSFERS AND WITHDRAWALS FROM TIAA TRADITIONAL TIAA-CREF: FINANCIAL SERVICES FOR THE GREATER GOOD TIAA-CREF is dedicated to serving the retirement needs

More information

Fiduciary Assure SM Fiduciary support for your retirement plan

Fiduciary Assure SM Fiduciary support for your retirement plan Retirement Plans Group Fiduciary Assure SM Fiduciary support for your retirement plan NOT FOR USE WITH PARTICIPANTS Professional Advice for Plan Sponsors As the sponsor of a retirement plan, it is your

More information

Retirement Plan Simplification

Retirement Plan Simplification Retirement Plan Simplification Employee General Meetings Today s Agenda Introductions What is not changing What is changing New investment lineup What happens to current investment funds? Dates you need

More information

MISSISSIPPI ORP. Net. Gross Fund. Fund. Fund. Inception. Stability of Principal

MISSISSIPPI ORP. Net. Gross Fund. Fund. Fund. Inception. Stability of Principal P E R F O R M A N C E U P D A T E MISSISSIPPI ORP Average Annual Total Returns as of: 01/31/2016 (shown in percentages) Mutual funds offered through a retirement plan are investments designed for retirement

More information

Your Davidson College Retirement Plan ENHANCEMENTS GUIDE

Your Davidson College Retirement Plan ENHANCEMENTS GUIDE Your Davidson College Retirement Plan ENHANCEMENTS GUIDE 14853_01_BRO_Davidson.indd 1 5/4/14 8:31 AM NOW IS A GREAT TIME TO TAKE ADVANTAGE OF YOUR DAVIDSON RETIREMENT PLAN BENEFITS. Davidson College (the

More information

DARTMOUTH COLLEGE 403(B) DEFINED CONTRIBUTION RETIREMENT PLAN

DARTMOUTH COLLEGE 403(B) DEFINED CONTRIBUTION RETIREMENT PLAN DARTMOUTH COLLEGE 403(B) DEFINED CONTRIBUTION RETIREMENT PLAN Summary of Plan Services and Costs This summary provides important information to assist you in making decisions related to your participation

More information

expertise for nonprofit organizations

expertise for nonprofit organizations Vanguard Asset Management Services expertise for nonprofit organizations To help you manage and administer your organization s assets Contents Sharing our strengths: Benefits of a partnership with Vanguard

More information

Your Guide to Investing in the UNC Retirement Programs

Your Guide to Investing in the UNC Retirement Programs Your Guide to in the UNC Retirement Programs > Appalachian State University East Carolina University Elizabeth City State University Fayetteville State University North Carolina A&T State University North

More information

How to make changes to your annuity income

How to make changes to your annuity income How to make changes to your annuity income What s inside 2 Your annuity income 4 TIAA Traditional annuity income 6 TIAA and CREF variable annuity income 9 Ways to adjust your annuity income 9 Transfer

More information

Helping You Maximize Your Retirement

Helping You Maximize Your Retirement Helping You Maximize Your Retirement New 403(b) Program Guide The System Appalachian State University East Carolina University Elizabeth City State University Fayetteville State University Agricultural

More information

Minnesota State Colleges & Universities

Minnesota State Colleges & Universities Minnesota State Colleges & Universities Planning for Retirement IRAP and TRA Thursday - March 12, 2015, 12 noon 1:00 pm MnSCU Joe Trcka, Benefits Specialist TIAA CREF William Thorne, Director-Field Consulting

More information

New opportunities for your retirement strategy. Announcing upcoming changes to the University of Southern California Retirement Plans

New opportunities for your retirement strategy. Announcing upcoming changes to the University of Southern California Retirement Plans New opportunities for your retirement strategy Announcing upcoming changes to the University of Southern California Retirement Plans The University of Southern California is dedicated to helping you prepare

More information

TIAA-CREF Asset Management. TIAA-CREF Global Equity Strategies. Combining discipline and innovation for investments that seek to consistently deliver

TIAA-CREF Asset Management. TIAA-CREF Global Equity Strategies. Combining discipline and innovation for investments that seek to consistently deliver TIAA-CREF Asset Management TIAA-CREF Global Equity Strategies Combining discipline and innovation for investments that seek to consistently deliver A distinguished heritage of intelligent equity investing

More information

INVESTMENT POLICY STATEMENT. For. The Animation Guild 401(k) Plan

INVESTMENT POLICY STATEMENT. For. The Animation Guild 401(k) Plan INVESTMENT POLICY STATEMENT For The Animation Guild 401(k) Plan Effective TABLE OF CONTENTS Investment Policy Statement Page Purpose...1 Statement of Plan Investment Objectives...2 Roles & Responsibilities...3

More information

Get a head start on your future. A step-by-step guide to the coming University of Dallas Retirement Program changes

Get a head start on your future. A step-by-step guide to the coming University of Dallas Retirement Program changes Get a head start on your future. A step-by-step guide to the coming University of Dallas Retirement Program changes Table of Contents Be prepared for the changes ahead 1 Your new investment menu 2 Investment

More information

CHOOSING YOUR INVESTMENTS

CHOOSING YOUR INVESTMENTS CHOOSING YOUR INVESTMENTS FOR ASSISTANCE GO ONLINE For more information on your retirement plan, investment education, retirement planning tools and more, please go to www.tiaa-cref.org/carnegiemellon.

More information

New York University NYU STDA Plan

New York University NYU STDA Plan TIAA-CREF Quarterly Performance New York University NYU STDA Plan Performance as of 06/30/2013 Before making your investment choices and completing your enrollment form, you should consider the investment

More information

Sophisticated investments. Simple to use.

Sophisticated investments. Simple to use. Russell LifePoints INSTITUTIONAL TARGET DATE FUNDS Sophisticated investments. Simple to use. INVESTED. TOGETHER. Now your default option can be your best option. If your target date funds are projected

More information

Building Successful, State Sponsored Retirement Programs for Private Sector Employees

Building Successful, State Sponsored Retirement Programs for Private Sector Employees Building Successful, State Sponsored Retirement Programs for Private Sector Employees April 25, 2016 2.25 x 0.875 Confronting a retirement readiness gap 55 million Americans do not have access to a pension

More information

Voya Retirement Insurance and Annuity Company

Voya Retirement Insurance and Annuity Company P E R F O R M A N C E U P D A T E Voya Retirement Insurance and Annuity Company INDEPENDENT S D 197 403B PLAN Variable Annuity Account C, Non-Standardized Returns Average Annual Total Returns as of: 09/30/2015

More information

TRUSTED SYSTEMS, INC. 401(K) PS PLAN & TRUST Rollover Contribution

TRUSTED SYSTEMS, INC. 401(K) PS PLAN & TRUST Rollover Contribution This form may be used to move retirement plan assets from a retirement plan or traditional or SIMPLE IRA into your employer s plan. This form may NOT be used to request a rollover from this plan to another

More information

AN OPEN ARCHITECTURE MULTIPLE EMPLOYER PLAN. Retirement Plan Solution. Powered By

AN OPEN ARCHITECTURE MULTIPLE EMPLOYER PLAN. Retirement Plan Solution. Powered By A Risk Reduction Retirement Plan Solution - Fewer Fees, More Services, Professional Money Managers, and Fiduciary Protection AN OPEN ARCHITECTURE MULTIPLE EMPLOYER PLAN Retirement Plan Solution Powered

More information

ROOSEVELT UNIVERSITY DEFINED CONTRIBUTION PLAN-CLERICAL UNION

ROOSEVELT UNIVERSITY DEFINED CONTRIBUTION PLAN-CLERICAL UNION ROOSEVELT UNIVERSITY DEFINED CONTRIBUTION PLAN-CLERICAL UNION Summary of Plan Services and Costs This summary provides important information to assist you in making decisions related to your participation

More information

Credit Union Employees Retirement Association. Providing Retirement Plans to Member Credit Unions since 1954

Credit Union Employees Retirement Association. Providing Retirement Plans to Member Credit Unions since 1954 Credit Union Employees Retirement Association Providing Retirement Plans to Member Credit Unions since 1954 Fulfill your commitment to help employees attain a secure retirement. It s easier than you might

More information

UNC Retirement Program Frequently Asked Questions

UNC Retirement Program Frequently Asked Questions UNC Retirement Program Frequently Asked Questions Q1. Why is The University making these changes? At The University of North Carolina (UNC), we know how important it is to prepare for retirement. We are

More information

Plan and Investment Notice

Plan and Investment Notice ST. JOHN FISHER COLLEGE EE ELECTIVE PLAN Plan and Investment Notice Your participation in your employer's retirement plan is the first step to ensuring adequate retirement income. The purpose of this Plan

More information

On Your Team. Toward Your Goal. UNIFI Companies Retirement Plans

On Your Team. Toward Your Goal. UNIFI Companies Retirement Plans FIDUCIARY investment safeguard SM On Your Team. Toward Your Goal. UNIFI Companies Retirement Plans RP 1351 8/08 FIDUCIARY INVESTMENT SAFEGUARd SM Let us help. Fiduciary Investment Safeguard is our warranty

More information

Retirement Connections: A Professionally Managed Solution

Retirement Connections: A Professionally Managed Solution Retirement Connections: A Professionally Managed Solution Expand your practice and build loyalty with an easy-to-use retirement plan for your small business clients For Financial Advisor use only. Not

More information

CREIGHTON UNIV. TAX DEFERRED ANNUITY PLAN

CREIGHTON UNIV. TAX DEFERRED ANNUITY PLAN CREIGHTON UNIV. TAX DEFERRED ANNUITY PLAN Investment Options Comparative Chart Your plan allows you to direct how your contributions are invested. When making investment decisions, you should keep in mind

More information

Navigating the Target Date Fund Evaluation Process

Navigating the Target Date Fund Evaluation Process Navigating the Target Date Fund Evaluation Process A Primer for Retirement Plan Sponsors Benjamin J. Smith, CFA Principal, Chief Investment Officer Contents Introduction. Understanding the Core Attributes

More information

September 2010 Report No. 11-003

September 2010 Report No. 11-003 John Keel, CPA State Auditor Selected Investment Practices at the Texas Treasury Safekeeping Trust Company, the Employees Retirement System, and the Texas A&M University System Report No. 11-003 Selected

More information

A NEW FIDUCIARY RULE FOR THE INVESTMENT ADVICE PLAYBOOK

A NEW FIDUCIARY RULE FOR THE INVESTMENT ADVICE PLAYBOOK PlanAdvisorTools.com A NEW FIDUCIARY RULE FOR THE INVESTMENT ADVICE PLAYBOOK How the DOL s Fiduciary Rule Has Fundamentally Changed Investment Advice for IRAs By Fred Reish - Partner, Drinker Biddle &

More information

Index investing. A simple, low-cost solution for retirement plans

Index investing. A simple, low-cost solution for retirement plans Index investing A simple, low-cost solution for retirement plans Index investing: A simple, low-cost solution for retirement plans Despite the challenging economic conditions of the last few years, employers

More information

Average Annualized Return as of 11/30/2015 1. YTD 1 Year 3 Years 5 Years

Average Annualized Return as of 11/30/2015 1. YTD 1 Year 3 Years 5 Years Investment Options at a glance Current performance may be lower or higher than performance data shown. Performance data quoted represents past performance and is not a guarantee or prediction of future

More information

Target Date Funds: Debating To Versus Through

Target Date Funds: Debating To Versus Through Target Date Funds: Debating To Versus Through Glenn Dial, Sr. VP, Head of Retirement Product Business Development, Allianz Global Investors Distributors LLC Scott Brooks, Head of US Retail Client Relations

More information

Make the Most of Your Retirement Plan: The University System of Georgia Optional Retirement Plan Enrollment Guide

Make the Most of Your Retirement Plan: The University System of Georgia Optional Retirement Plan Enrollment Guide B:8.75 T:8.5 Make the Most of Your Retirement Plan: The University System of Georgia Optional Retirement Plan Enrollment Guide Gotham (Book, Medium) Page: 1 Links: 188551763.tif (CMYK; 534 ppi), BOR_logo_

More information

Target Date Fund Selection: More Than Simply Active vs. Passive

Target Date Fund Selection: More Than Simply Active vs. Passive Target Date Fund Selection: More Than Simply Active vs. Passive White Paper October 2015 Not FDIC Insured May Lose Value No Bank Guarantee INVESTMENT MANAGEMENT Table of Contents Executive Summary 2 Introduction

More information

ASSOC OF INDEPENDENT COLLEGES AND UNIVERSITIES OF PA 403(B)

ASSOC OF INDEPENDENT COLLEGES AND UNIVERSITIES OF PA 403(B) ASSOC OF INDEPENDENT COLLEGES AND UNIVERSITIES OF PA 403(B) Investment Options Comparative Chart Your plan allows you to direct how your contributions are invested. When making investment decisions, you

More information

Deconstructing Target Retirement Date Funds. Western Pension & Benefits Conference Fall Seminar November 13, 2013

Deconstructing Target Retirement Date Funds. Western Pension & Benefits Conference Fall Seminar November 13, 2013 Deconstructing Target Retirement Date Funds Western Pension & Benefits Conference Fall Seminar November 13, 2013 Outline Why Target Retirement Date (TRD) Funds Matter Historical Perspective What are Target

More information