New opportunities for your retirement strategy
Announcing changes to your retirement program.
A new chapter is about to start
Helping you plan and save for the future is important to us here at the West Virginia Higher Education Policy Commission (the Commission). That’s why we’re pleased to announce the following changes to the Qualified 401(a) Plan, the 403(b) Supplemental Plan, the 457(b) Deferred Compensation Plan and the 403(b) “Frozen” Defined Contribution Retirement Plan (the Plans).
- What you need to know :
- New investment options. Investment options from several leading financial providers have been carefully reviewed and added to help you create a diversified retirement account that matches your investment goals and preferences. The self-directed brokerage option that provides access to a broad range of mutual funds beyond the Plans’ investment lineups will continue to be available on the 403(b) Supplemental and 457(b) Deferred Compensation Plans.
- Lower retirement plan servicing fees. The Plans’ servicing fees are being reduced. And, to improve transparency to participants of the cost of plan management, there will be changes to the way fees are assessed within the retirement plans.
- New TIAA accounts. A new type of Plan account(s) with TIAA will be created for you. You will receive instructions for managing your new account(s), but your account access information will remain the same. New Plan loan features will also be introduced.
- A single plan administrator/recordkeeper. TIAA has been selected to deliver comprehensive retirement plan recordkeeping and participant services. This means Empower Retirement will no longer be a retirement plan recordkeeper for the Plans. As a result of this change, retirement account balances with Empower will be automatically transferred to TIAA.
Seminars
Consider attending a one-hour seminar presented by a TIAA financial consultant to learn more about the changes to the Retirement Plans.
- Marshall University
Thursday, September 5
10 a.m. – 11 a.m. 2 p.m. – 3 p.m.
Room 2W22, Memorial Student Center
- Marshall University Graduate College
Tuesday, September 10
10 a.m. – 11 a.m. 2 p.m. – 3 p.m.
Room 137
Information desk
Have one or just two questions to ask? Consider stopping by the information desk.
- Marshall University
Thursday, September 5
11 a.m. – 1 p.m. 3 p.m. – 5 p.m.
Room 2W22, Memorial Student Center
- Marshall University Graduate College
Tuesday, September 10
11 a.m. – 1 p.m. 3 p.m. – 5 p.m.
Room 137