Yale University Taps TIAA-CREF to Manage Retirement Program
All of Yale's retirement plans, which hold approximately
According to a release, this model will enable Yale employees to make informed decisions regarding their investment mix, risk profile and portfolio rebalancing. Plan administrators will be able to monitor and manage online enrollment, online salary deferral agreements, plan sponsor calculated eligibility, contribution limits, hardship withdrawals, auto-enrollment and savings rates for all plan members from one location, streamlining and improving the plan management experience.
The Yale University Retirement Program now includes an updated investment menu with reduced fees and the addition of a new Roth option for the program's 403(b) plans this year. Plan members also will continue to have access to
With the new retirement program, plan members can receive online account information and personalized financial advice, based on the plan's investment options, available via the phone, web and in person, and tailored to their retirement goals and life stage.
"With the new offering, our employees are able to have a better, more holistic view of their plan assets and fund options," said
"By selecting
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