Open election period
All participants will have the opportunity to select investment options from the new lineups for future contributions and existing balances in all plans during an open election period starting January 7. You can choose your investments from the Fidelity, TIAA and VALIC investment lineups for both your future contributions and your existing balances during this time, available now through April 19, 2019.
The chart below lists the key steps you should take based on the USG retirement plans you participate in and the providers you have selected in those plans.
Steps you can take
|If you contribute to||Your key steps||How to take action|
An estimated voluntary provider:
Note: All providers other than Fidelity, TIAA and VALIC will be eliminated from the plan. You may contact your HR/Benefits Office to confirm.
|Choose an investment provider – Fidelity, TIAA or VALIC.||
From January 7-April 19, 2019, you must:
Complete a new Salary Reduction Agreement, available at your institution’s Human Resources Department or Benefits Office (or online through Retirement Manager for participants at the University of Georgia).
After you select your new provider, you must select your investments with that provider for your contributions beginning with the April 30, 2019, monthly payroll. Visit choose-investments.usg.edu for further instructions on how to select investments with Fidelity, TIAA and/or VALIC.
These choices become effective with the April 30, 2019, monthly payroll.
|The ORP and/or a voluntary plan with Fidelity, TIAA and/or VALIC.||Review your investments.||
Reference the Guide to New Investments to see how investment elections will be transferred to the new lineup(s) for your future contributions and existing balances, and take any action you think is necessary.
The new investments become effective with the April 30, 2019, monthly payroll.
|Any USG retirement plan||Get answers to your questions about the plan investments.||Attend a group education session or webinar to understand the plan changes. You may also stop by an information desk to get quick answers to your questions Visit education-session.usg.edu for a schedule and to sign up for a session.|
|Schedule a one-on-one personal financial counseling session.||
Sign up for a personalized counseling session with representatives from your investment provider(s) to create your financial plan and choose investments:
CAPTRUST is also available to help you understand your retirement benefits and choose a provider and investment options based on your financial goals. To schedule an advice session, call CAPTRUST at 800-967-9948, Monday to Thursday, 7:30 a.m. to 4:30 p.m., and Friday, 7:30 a.m. to 3 p.m. (ET). Or you can sign up at captrustadvice.com.
Evening appointments are available.
|Check your beneficiary information.||Log in to your account(s) with your provider(s) or call them to review and update your beneficiary information.|