Retirement Plan New Fund Line Up
To listen to a 403(b) General Session webcast to learn more about the recent Changes to Emory's Investment Plan, click here.
If you have questions, please refer to the Emory Retirement 403(b) Frequently Asked Questions
Retirement Investment Changes
Emory understands that retirement planning can be complex. Knowing which funds to select from the wide variety of investment options available in your 403(b) plan can be daunting. To help in the selection process, we are introducing a more organized approach with Four Ways to Invest.
Four Ways to Invest
- Lifecycle investments (available April 1) - Funds are managed by the vendor.
- Core investments (available July 1) – Streamlined selection of funds across all major asset classes.
- Expanded investments (available July 1) – A greater choice of funds across the major asset classes for the active investor.
- Mutual fund brokerage window (available April 1) – Provides the investment choices and flexibility of a brokerage window, but with the advantage of investing through your retirement savings plan.
In early May, you will receive the second Take Care newsletter detailing important retirement investment changes. This newsletter (pictured left) will be mailed to your home address.
Additionally, Emory wants to ensure that the funds offered through the plan provide you with the opportunity to achieve your retirement savings goals. Based on periodic reviews by Emory Investment Management, certain funds will be added while others will be eliminated.
Changes to Fund Lineups
- Fund Additions - Effective July 1, 2008
Emory University will be adding 12 new funds to Fidelity, 4 to Vanguard and 2 to TIAA-CREF. The additions of these funds helps to ensure that the University’s retirement savings plan offers the identical funds as the Emory Healthcare and Wesley Woods Senior Living plans.
- Fund Elimination - Effective October 1, 2008
Emory University will be eliminating 3 Fidelity and 2 Vanguard funds in the first round of fund eliminations. These funds have been identified as not appropriate for the retirement savings plan.
- “Mapping” of future contributions – Effective October 1, 2008
For those funds being eliminated effective October 1, 2008, future contributions will be “mapped” (transferred) to the designated funds with similar investment objectives. You may contact your vendor to redirect your future contributions into any of the other investments within the plan prior to October 1.
- “Mapping” of current account balances – Effective January 2009*
Remaining balances in any of the eliminated funds as of January 2009 will be “mapped” (transferred) into the designated fund. You may contact your vendor to redirect your account balances into any of the other investments within the plan prior to October 1.
What You Need To Do
- Determine if you are currently contributing to or have money invested in any of the funds listed for elimination (April/May Take Care newsletter and the May/June Take Care newsletter) beginning October 1, 2008.
- Contact your retirement plan vendor (Fidelity, TIAA-CREF or Vanguard) before October 1, 2008, to redirect your future contributions AND/OR move any remaining account balance(s) into the other plan investment options available. See the “Four Ways to Invest”
What Will Happen If You Take No Action
- If you do not redirect your future contributions from all the eliminated funds prior to October 1, 2008, your future contributions will be redirected to the designated “mapped” funds. For “mapping” details, review the May/June Take Care newsletter. If you do not move remaining account balance(s) from eliminated funds:
• The funds identified in the Take Care 2 April/May- Investment Changes newsletter will be “mapped” January 2009.
• The funds identified in the Take Care 3 May/June- Understanding the Investment Changes newsletter will be “mapped” April 2009.
- No action is required if you do not have money invested in one of the eliminated funds.
Documents
To learn more about these changes and to see a complete list of funds being added and eliminated, along with the designated “mapped” (transferred) funds, please refer to the April/May and May/June Take Care newsletters.
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