Retirement Plan Changes and Enhancements
IU is taking steps to enhance the Indiana University retirement plans for participants. In the fall of 2018, Indiana University initiated a comprehensive review of the IU retirement plans to ensure that they continue to meet industry best standards in a changing environment. The review was conducted by the university’s Retirement Investment Committee, which is comprised of administrative staff and faculty representatives who are tasked with the responsibility of overseeing the IU retirement plans for the exclusive benefit of participants. As part of this review, the committee issued a formal request for proposal (RFP) to evaluate administrative recordkeeping services for the plans.
We are pleased to announce that after a competitive procurement process and an exhaustive review and evaluation of the responses, Fidelity Investments has been selected as the university's sole retirement plan provider beginning in 2020, and a number of other enhancements to the plans has been approved.
What are the changes and enhancements?
*Message and data rates may apply. Get details at http://pages.fidelityinvestments.com/smsee.
Want more information?
The university is committed to providing you with the information and assistance you need to understand and take full advantage of these enhancements. As part of the redesign of IU’s retirement plans, Fidelity will have representatives at each IU campus who can meet with faculty and staff to assist with the transition at no additional cost to you. Information will also be available during Open Enrollment presentations at each IU campus.
No longer at IU?
If you are a retiree, former employee, or a beneficiary and have an account balance in an IU retirement plan, the upcoming enhancements may affect you even if you are now retired or no longer employed by IU. Click here for additional information.