Get a head start on your future.

Transcription

Get a head start on
your future.
A step-by-step guide to the coming University of
Dallas Retirement Program changes
Table of Contents
Be prepared for the changes ahead
1
Your new investment menu
2
Investment transfer strategy
3
Get retirement plan investment advice
6
Get to know TIAA-CREF
7
Q&A
9
We’re here to help
Back cover
Be prepared for the changes ahead.
What to expect...
Action plan for the changes
• University of Dallas is introducing new investment options.
See page 3.
1. Be informed
• University of Dallas is adding new Retirement Choice (RC)
and Retirement Choice Plus (RCP) contracts through
TIAA-CREF.
• You will be automatically enrolled in the new TIAA-CREF
Retirement Choice (RC) and Retirement Choice Plus (RCP)
contracts for all contributions made after October 1, 2015.
These contracts will continue to provide flexibility, offer a
wide range of investment options and allow University of
Dallas to meet its regulatory responsibilities.
• Existing mutual fund investments will automatically be
moved to the new mutual funds as described in the
mapping strategy on page 4 during the week ending
October 30, 2015.
• The default investment for the University of Dallas
Retirement Plan is changing to the American Century One
Choice Target Date Funds on October 1, 2015.
• Visit www.tiaa-cref.org/udallas for information on the
changes, including a current schedule for on-campus events.
• Review the new investment options, along with
replacements for your current investments and determine
your investment strategy.
• Attend a Retirement Information Meeting.
• Once the change is completed, you can schedule a
One-on-One Advice Session with a TIAA-CREF Financial
Consultant to get personalized retirement plan advice.
• Review your beneficiary designation and update
if necessary.
2. Take action
The changes will be completed on or about October 1, 2015.
Once you receive your Welcome Kit, you can make
investment allocation and beneficiary designation
changes. You will receive assistance updating your account
when you schedule a One-on-One Advice Session.
Retirement plan changes start October 1, 2015.
Key dates
Week of August 17, 2015
Enrollment confirmation is sent to you with important information on making
the most of your new plan options. You can now access and make changes to
your account.
August 21 and 28, 2015
9 a.m. and 2 p.m.
On-site Retirement Information Meetings.
September 1, 2015
10 a.m. and 4 p.m.
October 1, 2015
Plan changes take effect. Any payroll contributions after October 1, 2015, will be
directed to the new investment menu.
On or about the week ending
October 30, 2015
Existing mutual fund account balances will be moved to the new mutual funds as
described in the mapping strategy on page 4.
Questions? Call 800 842-2252 or visit www.tiaa-cref.org/udallas1
University of Dallas Defined Contribution
Retirement Plan new investment menu
Annuity account options are available
through annuity contracts issued by TIAA
or CREF. These contracts are designed
for retirement or other long-term goals,
and offer a variety of income options,
including lifetime income. Payments from
the variable annuity accounts are not
guaranteed and will rise or fall based on
investment performance.
On or about October 1, 2015, you
can begin investing in the plan’s new
investment options. These new choices
may offer you flexibility to create a
retirement portfolio that’s aligned with
your investment preferences and goals.
You can see details about the
new investment options online at
www.tiaa-cref.org/udallas. Click
on Plans and Investments and then
select Investment Choices to view the
individual investment information.
GUARANTEED
TICKER SYMBOL
TIAA Traditional Annuity*
Guaranteed Annuity
MONEY MARKET
TICKER SYMBOL
CREF Money Market Account (R2)
QCMMPX
FIXED INCOME (BONDS)
TICKER SYMBOL
American Funds U.S. Government Securities Fund Class R-4
RGVEX
Ivy Bond Fund Class Y
IBOYX
PIMCO Foreign Bond (Unhedged) Fund Class A
PFUAX
PIMCO Real Return Fund Class A
PRTNX
MULTI-ASSET
TICKER SYMBOL
American Century One Choice 2020 A
ARBMX
ARWAX
ARCMX
ARYAX
ARDMX
AROAX
ARFMX
AREMX
American Century One Choice In Ret A
ARTAX
Putnam Capital Spectrum Fund Class A
PVSAX
CREF Social Choice Account (R2)
QCSCPX
REAL ESTATE
TICKER SYMBOL
TIAA Real Estate Account
QREARX
EQUITIES (STOCKS)
TICKER SYMBOL
American Beacon Small Cap Value Fund Advisor Class
AASSX
American Century Real Estate Fund A Class
AREEX
American Funds New Perspective Fund® Class R-3
RNPCX
American Funds New World Fund® Class R-1
RNWCX
American Funds Washington Mutual Investors Fund Class R-3
RWMCX
Columbia Mid Cap Index Fund Class A
NTIAX
Franklin Small Cap Growth Fund Class A
FSGRX
Janus Enterprise Fund Class S
JGRTX
Janus Global Real Estate Fund Class A
JERAX
MassMutual Select Growth Opportunities Fund Class R4
MMGFX
MFS International Diversification Fund Class R3
MDIHX
MFS® Mid Cap Value Fund Class R3
MVCHX
Oppenheimer International Growth Fund Class A
OIGAX
Parnassus Core Equity Fund - Investor Shares
PRBLX
TIAA-CREF International Equity Index Fund (Retirement)
TRIEX
TIAA-CREF S&P 500 Index Fund (Retirement)
TRSPX
TIAA-CREF Small-Cap Blend Index Fund (Retirement)
TRBIX
®
* TIAA Traditional Annuity is a guaranteed
insurance contract and not an investment
for Federal Securities Law purposes. Any
guarantees under annuities issued by TIAA are
subject to TIAA’s claims-paying ability.
2Questions? Call 800 842-2252 or visit www.tiaa-cref.org/udallas
How your future contributions will transfer to
the new options
During the week of August 17, 2015, you will receive a Welcome Kit with information about the new
contracts. These contracts will receive all contributions made on or after October 1, 2015. Your current
contracts will be closed to new contributions. After you receive your Welcome Kit, you may update your
allocation of future contributions to any one or combination of the options on the new investment menu.
We also encourage you to take a moment to review and update your beneficiary information.
If you take no action, any future contributions will be automatically redirected to the replacement funds as listed on the
following page. Your existing balances will transfer as detailed on page 5. Check your most recent quarterly account statement
to determine how your investments will be affected.
Your new contracts will include the same beneficiary information on file for your current contracts. The chart below shows
how your beneficiary information will be transferred. Please take note of the new contract abbreviations below when updating
your account online. Please note if you have automatic allocation rebalancing occurring annually, you will need to
reestablish the automatic rebalancing on your new contracts. It will not automatically carry over.
Current contract’s beneficiaries
New contract’s beneficiaries
University of Dallas Defined Contribution Retirement Plan
TIAA-CREF Retirement Annuity (RA)
TIAA-CREF Retirement Choice Annuity (RC)
University of Dallas Supplemental Retirement Plan
TIAA -CREF Retirement Annuity (RA), TIAA-CREF Supplemental
Retirement Annuity (SRA) and TIAA-CREF
Group Supplemental Retirement Annuity (GSRA)
TIAA-CREF Retirement Choice Plus Annuity (RCP)
Most of the major differences between the old and new contracts relate to the TIAA Traditional Annuity. If you’re thinking
about transferring money out of an old contract, please note the following points:
• The TIAA Traditional Annuity in the Retirement Choice and Retirement Choice Plus contracts has a guaranteed minimum
interest rate* of between 1 and 3 percent, which may be lower than your current guaranteed rate. On the other hand,
TIAA Traditional may have a higher crediting rate than the plan’s previous contracts.
• When TIAA Traditional assets are transferred out of an old contract, you risk giving up a favorable crediting rate(s) on
older contributions.
Allocation mapping strategy
Current Investment Option
Ticker
Symbol
Replacement Investment Option
Ticker
Symbol
CREF Bond Market Account
Variable Annuity
Ivy Bond Y
IBOYX
CREF Equity Index Account
Variable Annuity
TIAA-CREF S&P 500 Index Retire
TRSPX
CREF Global Equities Account
Variable Annuity
American Funds New Perspective R3
RNPCX
CREF Growth Account
Variable Annuity
MassMutual Select Growth Opps R4
MMGFX
CREF Inflation-Linked Bond Account
Variable Annuity
PIMCO Real Return A
PRTNX
CREF Social Choice Account
Variable Annuity
Parnassus Core Equity Investor
PRBLX
CREF Stock Account
Variable Annuity
TRSPX
TIAA-CREF Equity Index R
TIQRX
TRSPX
TIAA-CREF Growth & Income Retire
TRGIX
MMGFX
TIAA-CREF International Eq Retire
TRERX
MFS International Diversification R3
MDIHX
TIAA-CREF Large-Cap Gr Idx Retire
TRIRX
MMGFX
TIAA-CREF Large-Cap Value Idx Retire
TRCVX
American Funds Washington Mutual R3
RWMCX
TIAA-CREF Large-Cap Value Retire
TRLCX
RWMCX
TIAA-CREF Lifecycle 2010 Retirement
TCLEX
ARTAX
TCLIX
ARTAX
TCLTX
ARBMX
TCLFX
ARWAX
TCLNX
ARCMX
TCLRX
ARYAX
TCLOX
ARDMX
TTFRX
AROAX
TLFRX
ARFMX
TTRLX
AREMX
TIAA-CREF Lifecycle Retire Inc Retire
TLIRX
ARTAX
®
TIAA-CREF Mid-Cap Growth Retire
TRGMX
Janus Enterprise S
JGRTX
TIAA-CREF Mid-Cap Value Retire
TRVRX
MFS® Mid Cap Value R3
MVCHX
TIAA-CREF Real Estate Sec Retire
TRRSX
American Century Real Estate A
AREEX
TIAA-CREF Small-Cap Equity Retire
TRSEX
TIAA-CREF Small-Cap Blend Idx Retire
TRBIX
TIAA-CREF Social Choice Eq Retire
TRSCX
TRSPX
How your existing investments will transfer to
the new options
On or about October 30, 2015, your existing assets in the current investment options shown below will
be directed to the replacement investments listed below. Your existing assets in annuity accounts will
remain where they are unless you choose to transfer them to the new investment options.
Check your most recent quarterly account statement to determine how your current investments will be affected. Once you
receive your TIAA-CREF Welcome Kit you can direct any future contributions to the new investment options. You can also
update the investment choices for your current TIAA-CREF assets. Once the transition is completed, on or about the week of
October 30, 2015, you can direct your existing assets to other options on the new investment menu.
We encourage you to schedule a One-on-One Advice Session with a TIAA-CREF Financial Consultant before transferring assets.
Investment transfer strategy
Closing Investment
Ticker Symbol
Replacement Investment Option
Ticker Symbol
TIAA-CREF Equity Index R
TIQRX
TRSPX
TIAA-CREF Growth & Income Retire
TRGIX
MMGFX
TIAA-CREF International Eq Retire
TRERX
MFS International Diversification R3
MDIHX
TIAA-CREF Large-Cap Gr Idx Retire
TRIRX
MMGFX
TIAA-CREF Large-Cap Value Idx Retire
TRCVX
RWMCX
TIAA-CREF Large-Cap Value Retire
TRLCX
RWMCX
TCLEX
ARTAX
TCLIX
ARTAX
TCLTX
ARBMX
TCLFX
ARWAX
TCLNX
ARCMX
TCLRX
ARYAX
TCLOX
ARDMX
TTFRX
AROAX
TLFRX
ARFMX
TTRLX
AREMX
TIAA-CREF Lifecycle Retire Inc Retire
TLIRX
ARTAX
®
TIAA-CREF Mid-Cap Growth Retire
TRGMX
Janus Enterprise S
JGRTX
TIAA-CREF Mid-Cap Value Retire
TRVRX
MFS Mid Cap Value R3
MVCHX
TIAA-CREF Real Estate Sec Retire
TRRSX
American Century Real Estate A
AREEX
®
TRSEX
TRBIX
TRSCX
TRSPX
TRSEX
TRBIX
TRSCX
TRSPX
Retirement plan investment advice
How to access TIAA-CREF
advice
Online
Get quick, convenient answers via
the Retirement Advisor online tool.
Visit www.tiaa-cref.org/udallas,
click Log In and select the Advice &
Guidance tab.
By phone or in person
You can receive personalized
retirement plan investment advice
either over the phone or in person.
To schedule your advice session,
call 800 732-8353, Monday to
Friday, 7 a.m. to 9 p.m. or Saturday,
8 a.m. to 5 p.m. (CT).
TIAA-CREF’s advice is designed to help you
answer key questions including:
1. Am I on track to reach my retirement savings goals?
We’ll help you analyze how your investments are performing, and determine
if you’re saving enough to help meet your needs.
2. Which combination of retirement plan investments is right for me?
Get assistance picking the right investments, based on your plan’s
investment options, diversifying properly and allocating contributions to
balance your need for growth potential with your tolerance for risk.
3. How can I meet my income needs in retirement?
Get help determining the amount you’ll need to meet your retirement
income goals.*
You can also schedule online at
www.tiaa-cref.org/schedulenow.
* Investment advice is not available to foreign participants.
IMPORTANT: The projections or other information generated by the Retirement Advisor tool
regarding the likelihood of various investment outcomes are hypothetical in nature, do not
reflect actual investment results and are not guarantees of future results. Results may vary with
each use and over time.
About TIAA-CREF
Providing strong support on the road to retirement
no matter where you are today
TIAA-CREF’s purpose has remained constant since TIAA was established nearly 100 years
ago: We’re here to help you save for—and generate income during—retirement. Over the
years, we’ve regularly introduced enhancements to the ways we deliver on our purpose.
As an organization with deep roots in the world of higher education, TIAA-CREF is committed
to continuous learning. And when we see opportunities to enhance our retirement plan
services, we share them with the institutions we serve.
Today, TIAA-CREF is a leader in providing retirement plan services to nonprofits in the
academic, cultural, governmental, medical and research fields. We are trusted by 16,000
institutions across the nation.
Not sure where to begin? Meet with us to help you
take the next step!
1918 | TIAA
Teachers Insurance and
Annuity Association
of America created
1952 | CREF
College Retirement
Equities Fund created
Get personalized retirement plan advice on the plan’s investment options from a TIAA-CREF
Financial Consultant. This service is available as part of your retirement program at no
additional cost to you. To schedule a session, call 800 732-8353, Monday to Friday, 7 a.m.
to 7 p.m. (CT). You can also visit www.tiaa-cref.org/schedulenow.
Q&A
1. Why is University of Dallas updating the
retirement program?
Over the past year, the University of Dallas has undertaken
an in-depth review of the university’s retirement plan.
Through efforts of the Investment Review and Oversight
Committee, chaired by Dr. Ruth May (College of Business),
the plan’s investment funds as well as the recordkeeping
services provided by TIAA-CREF, were carefully analyzed
for performance, suitability and associated fees.
2. How can I get familiar with my new
investment options?
A menu of new investment options is included
in this guide for your review. You can also visit the
dedicated retirement program website at
www.tiaa-cref.org/udallas.
3. If I’m happy with my current investment selections,
can I keep them?
If your current investment selections are included on the
new menu, you can keep them. However, some current
investment options will no longer be available. Please
check the new investment menu and transfer strategy
included in this guide to understand how your
investments may be affected.
4. What if I need help making investment choices?
5. What should I expect from a TIAA-CREF One-on-One
Advice Session?
Advice sessions last approximately one hour. If possible,
bring all your investment account statements, including
any retirement investments outside of the retirement
program, and your most recent Social Security statement.
A TIAA-CREF Financial Consultant can use this
information to understand your current financial situation
and help you select the appropriate investment options.
6. Will I pay any fees to make investments in the
retirement plan?
All investment options have expense ratios and other
fund-specific fees that can be found in the prospectuses
at www.tiaa-cref.org/udallas. Some investment options
may also have redemption and other fees.
7. Can I transfer my existing balances to the new
Retirement Choice contract?
Yes. Call TIAA-CREF at 800 842-2252, Monday to
Friday, 7 a.m. to 9 p.m. or Saturday, 8 a.m. to 5 p.m. (CT),
to determine if you can request a transfer to your new
contract. Please note that the TIAA Traditional Annuity in
the Retirement Choice contract has a different minimum
interest rate and liquidity rules than the plan’s previous
contract types.
You can get help selecting your investments. Get
personalized retirement plan advice on the plan’s
investment options from TIAA-CREF. This service is
available as part of your retirement program at no
additional cost to you.
Online: Get quick, convenient answers via the online tool.
Visit www.tiaa-cref.org/udallas click Log In and select
the Advice & Guidance tab.
One-on-One Advice Sessions: You can receive
personalized retirement plan investment advice either
over the phone or in person at our local office. To
schedule your session, call 800 732-8353, Monday
to Friday, 7 a.m. to 7 p.m. (CT). Or visit
We’re here to help.
Not sure where to begin? Meet with us to
help you take the next step!
Get personalized retirement plan advice on the plan’s investment options from a
TIAA-CREF Financial Consultant. This service is available as part of your
retirement program at no additional cost to you. To schedule a session, call
800 732-8353, Monday to Friday, 7 a.m. to 7 p.m. (CT), or visit
Phone
Call 800 842-2252, Monday to
Friday, 7 a.m. to 9 p.m. or Saturday,
8 a.m. to 5 p.m. (CT).
Online
Visit www.tiaa-cref.org/
udallas to learn about the
program’s investment choices,
make transactions and access
retirement planning tools.
Distributions from 403(b) plans before age 59½, severance from employment, death or disability may be prohibited, limited and/or subject to substantial
tax penalties. Different restrictions may apply to other types of plans.
Investment, insurance and annuity products are not FDIC insured, are not bank guaranteed, are not bank deposits, are not insured by any federal
government agency, are not a condition to any banking service or activity, and may lose value. Investment products may be subject to market and other
risk factors. See the applicable product literature, or visit www.tiaa-cref.org/udallas for details.
You should consider the investment objectives, risks, charges and expenses carefully before investing. Please call 877 518-9161
or go to www.tiaa-cref.org/udallas for current product and fund prospectuses that contain this and other information. Please
read the prospectuses carefully before investing.
TIAA-CREF Individual & Institutional Services, LLC, Teachers Personal Investors Services, Inc., and Nuveen Securities, LLC, Members FINRA and SIPC,
distribute securities products. Annuity contracts and certificates are issued by Teachers Insurance and Annuity Association of America (TIAA) and College
Retirement Equities Fund (CREF), New York, NY. Each is solely responsible for its own financial condition and contractual obligations.
©2015 Teachers Insurance and Annuity Association of America-College Retirement Equities Fund (TIAA-CREF), 730 Third Avenue, New York, NY 10017
C25222
141009724
442921_558006
(07/15)

Get a head start on your future.

Transcription

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