submitted by vachta@augsburg.edu
Learn more about upcoming updates to your retirement plan at an informational event
Join us for an education session where you can learn about the upcoming changes to the Augsburg University retirement plan, along with actions you may want to consider. The session will be presented by Molly Phelps, TIAA Senior Director, Integrated Solutions, and will be recorded for those who cannot attend.
Thursday, November 14
12 p.m. – 1 p.m. https://event.on24.com/wcc/r/4759217/5547DCC960E44A8711A1D2FC36FD0127
New features to help you plan and save for your retirement are coming soon. Important plan enhancements will begin in November 2024, and are intended to give you the investment options, services and tools that can help you plan for your retirement savings goals.
What Is Changing:
– New investment offerings
– Able to connect with advisors from NFP and TIAA
– Account number update
– Reduced fees
What’s Not Changing:
– Plan structure (contribution levels) remains the same
– Accounts will be managed by TIAA
– Account access remains the same
The enhancements do not require you to take any action at this time.
To schedule an appointment with a TIAA financial consultant, go to TIAA.org/schedulenow, or call 800-732-8353.
To schedule a retirement plan guidance session with an NFP advisor, email retirementinfo@nfp.com or call 800-959-0071.
A transition communications packet with additional information was sent to you on October 25, 2024. Carefully review the information for more details, key dates, and resources available to you. It’s our goal to keep you informed throughout the upcoming transition. If you have questions or need assistance, please reach out to the Human Resources office.