Voluntary Retirement Plans Transition

Voluntary Retirement Plans Transition Resources

Enrollment Site

The University of Missouri Voluntary Retirement Plans- 403(B), 457(b) and 401(a) will transition a master administrator, Fidelity Investments. The transition will provide faculty and staff with a new streamlined process to enroll and make changes to their Voluntary Retirement Benefit Plans. Faculty and staff will now experience many value-added benefits including:

  • Access to lower-cost share classes and lower overall participant costs
  • Leading-edge online retirement planning tools and a streamlined process for enrollment, investment selection and account management
  • Access to no cost, confidential consultations with a retirement representative.

For more information on the decision to move to a master administrator and the selection process click here.

Be Prepared

Carefully review the Getting Started Guide or Transition Guide that you received at home. There are several key points that you need to be aware of: 

  • The investment lineup is changing. You will have access to three investment tiers designed to match your investment style. You can view the Investment Platform here and find additional information in the Investment Options guide included in your mailing.
  • Beginning August 1, 2012, you will be able to access your account virtually 24/7 online at www.mysavingsatwork.com/UMRetirement. This site will also provide you access to retirement planning tools and calculators.
  • If you are currently contributing a flat dollar amount, on October 1, your future contributions will be converted to a percentage of your base pay. You may use the Take Home Pay Calculator to see the potential effect on your paycheck.
  • The answers to many frequently asked questions can be found in the Voluntary Retirement Plans Q&A.

Take Action

It is important that current participants in the Voluntary Retirement Plans take action ensure that their future contributions and elections reflect their retirement strategy. For those that are not currently participating, it is a great time to take advantage of your options in the Voluntary Retirement Plans. 

  • Attend a campus wide Informational Meeting, a meeting scheduled by your department or schedule a one-on-one consultation with a retirement representative. 
  • Current Participants: Visit page 6 of your Transition Guide to determine the specific actions that you need to take based on your current elections. If you take no action during the election period (August 1, 2012 - September 21, 2012), you elections may default to Target Date Fund.
  • TIAA-CREF participants: If you are ONLY contributing to TIAA-CREF, your elections will not be impacted (no action is required on your part). However, it is a great time to schedule a one-on-one consultation with a TIAA-CREF retirement representative to review your elections and contributions to ensure they are meeting your retirement strategy.
  • Visit http://www.mysavingsatwork.com/UMRetirement to explore retirement planning tools and calculators, enroll and select your investment options.

Reviewed 2012-08-16.