In 2023, it was announced that after a careful review of our retirement program, the University decided to move from two retirement plan recordkeepers (TIAA and Fidelity) to a single recordkeeper (TIAA) for all UNC Retirement Plans.
The move to a single recordkeeper will provide the opportunity to offer more tools, services, and guidance that can be personalized to meet your individual goals and needs.
The transition to TIAA is under way and will be completed by mid- to late April.
- All employees were enrolled in new Retirement Choice and/or Retirement Choice Plus accounts with TIAA during the week of Feb. 23. All payroll contributions on or after Feb. 23 were applied to your new TIAA accounts. Confirmations of these enrollments were sent via US mail, unless you have your preferences at TIAA set to receive information electronically.
- On March 25, the blackout period began for Fidelity participants. Fidelity participants with a balance will not be able to access or change any Fidelity investment choices, take or change loans, make withdrawals, or transfer funds during the blackout period.
- The week of April 1, Fidelity assets in the UNC Retirement Programs were transferred to your TIAA account.
- The week of April 15, the blackout period is expected to end for Fidelity participants and you can access and update your entire retirement account at TIAA, including those balances that were transferred. Important note: The date of the transfer and the end of the blackout period depend on the accurate and timely transfer of data and assets from Fidelity to TIAA. If this does not occur, the end of the blackout period could be delayed.
Take Action!
Register for online access with TIAA. If you did not have a TIAA account previously, now is great time to register for access. Go to TIAA.org and Select Log in, then Need online access? and follow the prompts to access your account. Keep in mind, you are already enrolled in the plan, you are registering for access, not enrolling.
Check your beneficiary information. It’s important to ensure your beneficiary information is kept current. Once you have logged in, review your information on file and make any necessary changes.
Review your investment choices. Review the transition guide to better understand how any future contributions and or/account balances may transfer to your new TIAA account and make any changes if needed.
During the week of April 15 for Fidelity participants, log in to TIAA.org to review transferred account balances and make any changes as needed. Financial Consultants through TIAA and CAPTRUST are available to provide retirement investment advice and answer your questions. This service is offered at no additional cost to you.
For a digital copy of the Transition Guide that was mailed in January, click here.
