Human Resources

Defined Contribution Retirement Plan Annual Announcements

Annual Participation Notice

Although employees have the opportunity to make pre-tax deduction changes throughout the year, the following notice is required and describes some basic features of the retirement plan:

Qualified Default Investment Alternative

The Plan has a provision that automatically invests contributions into a Qualified Default Investment Alternative (QDIA) for participants who fail to provide full investment instructions for their own contributions, or for the College’s contributions. The QDIA for the Plan is the TIAA-CREF Lifecycle Funds. Participants who have been impacted by this provision have been individually notified.  However, the required information about the QDIA, including a factsheet describing the TIAA-CREF Lifecycle Funds, can be accessed here:


 

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