The UND 403(b) Plan Early Choice Investment Election Window ends at 4:00 p.m. on Friday, Dec. 12, 2014. If you haven’t already made your investment choices, here are three actions you are encouraged to take:
1. Schedule a one-on-one consultation.
A Fidelity Planning and Guidance Consultant can walk you through upcoming changes in the UND 403(b) Plan and help you with important decisions.
2. Select your new investment options.
Enter your elections on the UND 403(b) Plan website for all transferring funds and your future UND 403(b) Plan contributions. To make elections in the Early Choice Investment Election Window, look for the source labeled “Fund Elections 12/16/14.”
3. Choose your beneficiaries.
Beneficiaries on file with TIAA-CREF and Vanguard will not transfer to Fidelity. All faculty and staff, including those currently with Fidelity, are encouraged to enter their beneficiaries on NetBenefits®.
To take action on any of these steps, or to take advantage of Fidelity’s professional retirement guidance, visit the UND 403(b) Plan website at netbenefits.com/nd or call the UND Retirement Plan Service Center at 877-963-0242.
Frequently Asked Questions
What is the Early Choice Investment Election Window?
This election period, which began October 6, 2014 and ends at 4:00 p.m. on Friday, December 12, 2014, is your opportunity to choose your investment elections for contributions beginning with December paychecks and all account assets affected by the transition before a default election is chosen on your behalf.
What happens if I make no elections?
If you make no election during the Early Choice Investment Election Window, your Plan assets and future contributions will be invested in one of the Vanguard Target Retirement Funds. Each of these funds corresponds to a range of target retirement years, and is managed to become more conservative as you approach retirement. Your default fund will be the fund that has a target retirement date closest to the year you might retire, assuming a retirement age of 65.
For more information, please consult the 403(b) Plan Transition Guide.