, employees with accounts through Fidelity and Vanguard can expect their funds to transfer into the new investment lineup without having to lift a finger. Many TIAA-CREF participants can expect the same.
In fact, these CU 401(a) and 403(b) plan participants can see the exact funds into which they鈥檒l be reinvested by reviewing the Plans鈥� mapping guides, available at . These mapping strategy guides offer a side-by-side view of current funds and their like counterparts within the Plans鈥� new investment lineup. The mapping strategies follow Department of Labor guidelines and were developed by Innovest Portfolio Solutions, the university鈥檚 independent retirement plan consultant.
When reviewing the guides, check to see which of your current investments will automatically transfer into like funds within the new lineup in July. Those that do will be placed into a newly issued TIAA-CREF CU Retirement Plan account that same month.
Some account balances won鈥檛 automatically transfer.
Account balances that meet the following criteria will not automatically transfer into the new investment lineup:
- investments in TIAA-CREF annuities,
- 403(b) Plan investments with American Century, Dreyfus, DWS, MetLife and VALIC
The mapping guides can help participants with these investments find comparable ones in the new lineup鈥攅ither in which they can direct future Plan contributions or transfer their existing assets.
After the transition in July, any contributions these participants make to their Plan(s) through payroll deduction will flow into a new TIAA-CREF Plan account. Those contributions will then be invested in the Plan鈥檚 target date funds.
Participants who would like to change how their funds are invested can do so beginning June 15 through the CU-TIAA-CREF website, , or in July, following the transition. Those wishing to transfer assets may contact TIAA-CREF at 1-800-842-2252 to schedule an appointment to fill out paperwork.听
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Story courtesy听Valerie Skillern, University of Colorado