The Office of Human Resources is pleased to announce several upcoming enhancements to the 403(b) Plan designed to deliver a lower fee structure, new investment choices, streamlined administration, and a high level of retirement planning education and digital services. While many aspects of the 403(b) Plan will remain the same, some are changing to facilitate the enhancements.
Upcoming Action Required for Current Participants
As noted in the Transition Guide, if you are currently contributing to a discontinued 403(b) Plan provider, you must select Corebridge Financial and/or TIAA as your new provider for ongoing contributions during the enrollment period of October 21, 2024, through November 1, 2024. Follow the steps in the guide and make your selections. If you do not select a provider, Corebridge will be selected as your new provider by default. You may change your provider to TIAA at any time. Accounts with discontinued plan providers will not be closed, and balances will not be transferred. If you are currently contributing to Corebridge and/or TIAA, no action is required.
The changes to the 403(b) Plan will be effective November 15, 2024.
Resources Available to You
Faculty and staff should carefully read the transition guide and all materials linked below for additional details and review relevant dates, specific action steps, and available resources.
Qualified Default Investment Alternative Notice
Additionally, please register for one of the in-person seminars or virtual webinars scheduled in October.
If you have any questions or need additional information, you may contact one of the 403(b) Plan providers:
• Go to Corebridge Financial or call 800-448-2542 to speak with a Client Service Professional, weekdays, 8 a.m. to 9 p.m. (ET).
• Go to TIAA or call the National Contact Center at 800-842-2252. Representatives are available weekdays, 8 a.m. to 10 p.m. (ET).
You may also Contact Benefits within the Office of Human Resources.