Retirement Plan – QDIA Opt Out Instructions

The HU New 403(b) MEP Retirement Plan – Communications and Opt Out Instructions!

In the last few days/weeks, retirement plan participants should have received two important communications by mail from TIAA.  Both communications were in a large white envelope.  The first communication was titled “The Road to Retirement.”  This guide explains the transition of the HU Retirement Plan to the ICI MEP.  The timeline is listed along with the new investment lineup.  There is a Q & A section as well. 

In the past few days, you should have received a welcome kit titled “Retirement Plan Information” from TIAA.  This step-by-step guide walks you through how to review your profile, register for an online account, and pursue your goals. 

Please carefully read through these communications. 

Now that the ICI MEP Retirement Plan Contract is open, you are able to OPT OUT of the Qualified Default Investment Alternative (QDIA).  Step-by-step instructions are included in this document.  No action is needed, but if you decide to OPT OUT you can now elect to invest in other options available in the new plan’s investment lineup. 

If you need assistance or have further questions, please contact either TIAA at (800) 242-2252 or Millennium Advisory at (877) 435-2489. 

If you would like to schedule an appointment, please click here to schedule an appointment. You will receive an email confirming your appointment time. 

You may also contact Millennium’s scheduling team via phone at (877) 435-2489, option 1 or via email at schedule@mcmva.com to schedule time to meet virtually or speak with an advisor.

Millennium Advisory Services is a registered investment advisory firm that specializes in working with higher education institutions and their employees, providing education and advice services to retirement plan participants.  

All Huntington University employees are offered the opportunity to meet privately with an advisor to go through Millennium’s financial planning process and receive a personalized financial plan. This goal-based financial planning process is intended to help provide guidance on issues such as how much you should be saving for retirement, how your retirement account should be invested, and whether you are on track to reach your personal retirement goals.  Spouses/significant others are encouraged to participate as well.

Posted By: Jean Cole