As we communicated in June, plans are underway to transition the Howard University Savings Plan to a single record keeper relationship with TIAA. Although we required additional time to work through some of the complexities and challenges that emerged, we are very pleased to report that we are moving forward. As of November 4, 2019, the Howard University Savings Plan will use TIAA as the single record keeper and implement the new investment lineup. The transition to TIAA as the single record keeper will make it easier for you to manage your savings. New, carefully selected investment options will offer you a broad range of choices to fit your financial goals and preferences. This package includes updated key dates and important information you will need so you’ll be ready to take advantage of the new planning experience to pursue your financial saving goals.
Updates on the transition
While much of what was originally communicated about this transition to a single record keeper relationship and the new investment options has not changed, there are some differences:
Help is available!
The link below "Howard University 403(b) Transition Guide" outlines the entire transition process so you know what to expect and what actions to take. It also includes much more specific detail about these updates, including how investments will transfer to the new lineup and any that will not. As a participant in the Savings Plan, you’ll have access to personalized advice on the Plan’s investment options from a TIAA financial consultant. To speak with a consultant, call 800-842-2252. Consultants are available weekdays, 8 a.m. to 10 p.m., and Saturday, 9 a.m. to 6 p.m. (ET).