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In April, University Human Resources sent an email to employees that announced the University of North Carolina System was considering moving from two recordkeepers — TIAA and Fidelity — to a single recordkeeper for the following retirement plans:
- UNC Optional Retirement Program (ORP).
- UNC System 403(b) Plan.
- UNC System 457(b) Plan.
- UNC Senior Administrative Officer Retirement Program.
- UNC Senior Athletic Employee Retirement Program.
The UNC System initiated a request for proposal process to explore whether to move to a single recordkeeper for the above plans. The UNC System announced Aug. 24 TIAA will serve as the recordkeeper for the retirement plans. Please carefully review this announcement from the UNC System.
Employees enrolled in any of the five retirement plans above and those eligible to enroll are receiving this email to make you aware of the change to a single recordkeeper for the retirement plans. Those employees eligible to enroll in a plan won’t be able to enroll in a Fidelity-managed plan in the future.
If you don’t know if you are enrolled in a TIAA- or Fidelity-managed retirement plan, view the deductions on your most recent pay stub by going to My Pack Portal and clicking “Payroll” and “Paychecks.”
In the upcoming months, employees enrolled in any of the five retirement plans will receive more information from the UNC System about this change, including a transition guide that will provide details about the fund lineup available through TIAA, the fund mapping process, key dates and decision-support resources for employees.
UHR is committed to helping affected employees navigate this change. We have developed a webpage that has an FAQ section and created an email account so you can send us your questions. We will update the webpage and communicate to you as we receive more information.
We understand you may have many questions after reading this email and the announcement from the UNC System. The website we have created may answer some of your initial questions, so please be sure to review it. If you can’t find the answers to your questions on our website, please send an email to unc-retirement-plans@ncsu.edu.
Sincerely,
University Human Resources
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