PDF A new chapter is about to start

A new chapter is about to start

DePauw University is continually looking for ways to help you make the most of your retirement savings. In 2014, TIAA became the single recordkeeper for the DePauw University 403(b) Retirement Plan. At that time, your existing balance in the 403(b) Retirement Plan remained in place at Fidelity, but no new contributions to Fidelity were permitted after November 14, 2014. After careful consideration and a review of the retirement program, the University has decided to move your existing balance with Fidelity in the 403(b) Retirement Plan to the 403(b) Retirement Plan with TIAA.

What you need to know

Your 403(b) Retirement Plan account currently with Fidelity will be transferred to TIAA. If you already have a DePauw University 403(b) Retirement Plan account at TIAA, your account balance at Fidelity will be transferred to your account at TIAA. If you do not have a DePauw University 403(b) Retirement Plan account at TIAA, a new account will be established for you.

If you wish to continue investing with Fidelity, you may use the TIAA Brokerage Service option, once your balance has transferred to TIAA.

Dates to note:

Key dates

Event

March 10, 2017

If you are new to TIAA, you will be enrolled in a TIAA account and receive a confirmation kit with important information on making the most of your participation with TIAA.

March 7, 2017, at 4 p.m. (ET) Blackout Period expected to begin for new withdrawal requests at Fidelity.

March 14, 2017, at 4 p.m. (ET) Blackout Period expected to begin for all other transactions at Fidelity.

March 15, 2017

Account balances transfer from Fidelity to TIAA.

March 29, 2017

Blackout Period for balances at Fidelity expected to end. You can now access and update your entire retirement account at TIAA.

Your investment options

You can see details about the investment options at TIAA online at depauw. Click on Investment Options and then select View All Investments to view the individual investment information. All investment options have expenses and other fees that can be found in the prospectuses on the website above. Some investment options may also have redemption and other fees.

One-step investing

Select a complete retirement portfolio in a single fund.

ASSET CLASS Multi-asset

INVESTMENT OPTION JPMorgan Smart Retirement Income Select JPMorgan Smart Retirement 2015 Select JPMorgan Smart Retirement 2020 Select JPMorgan Smart Retirement 2025 Select JPMorgan Smart Retirement 2030 Select JPMorgan Smart Retirement 2035 Select JPMorgan Smart Retirement 2040 Select JPMorgan Smart Retirement 2045 Select JPMorgan Smart Retirement 2050 Select JPMorgan Smart Retirement 2055 Select

TICKER SYMBOL JSRSX JSFSX JTTSX JNSSX JSMSX SRJSX SMTSX JSASX JTSSX JFFSX

Active investing

Choose your investments, create your own portfolio.

ASSET CLASS Guaranteed Money Market

Fixed Income

Multi-Asset Real Estate

Equities

INVESTMENT OPTION TIAA Traditional1 (guaranteed annuity) CREF Money Market Account R2 (variable annuity) TIAA-CREF Money Market Premier BlackRock High Yield Bond Portfolio Institutional CREF Inflation-Linked Bond R2 (variable annuity) Metropolitan West Total Return I Templeton Global Bond Fund Advisor Vanguard International Bond Index Vanguard Total Bond Market Index Admiral CREF Social Choice Account R2 (variable annuity) TIAA Real Estate Account (variable annuity) Artisan International Fund Investor CREF Stock Account R2 (variable annuity) JPMorgan Equity Income Fund Select JPMorgan US Small Company Select ClearBridge Mid-Cap Core I T. Rowe Price Blue Chip Growth Vanguard 500 Index Admiral Vanguard Mid-Cap Index Admiral Vanguard REIT Index Admiral Vanguard Small-Cap Index Fund Admiral Vanguard Total International Stock Index Admiral

TICKER SYMBOL N/A QCMMPX TPPXX BHYIX QCILPX MWTIX TGBAX VTABX VBTLX QCSCPX QREARX ARTIX QCSTPX HLIEX JSCSX SMBYX TRBCX VFIAX VIMAX VGSLX VSMAX VTIAX

Self-directed brokerage account option A self-directed brokerage account investment option will also be available for those investors seeking an even greater degree of independence. For more information on the brokerage services option, call 800-927-3059, weekdays, 8 a.m. to 7 p.m. (ET).

If you open a brokerage account, you will be charged a commission only on applicable transactions and other account-related fees in accordance with the TIAA Commission and Fee Schedule. Please review the TIAA Brokerage Account Customer Agreement using the following link: public/pdf/forms/SDA_ Customer_Account_Agreement. pdf. The Agreement contains important information about the brokerage account as well as the TIAA Commission and Fee Schedule. Other fees and expenses that apply to a continued investment in the funds are described in the fund's current prospectus.

1 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. Interest credited includes a guaranteed rate, plus additional amounts as may be established by the TIAA Board of Trustees. Such additional amounts, when declared, remain in effect for the "declaration year" which begins each March 1 for accumulating annuities and January 1 for payout annuities. Additional amounts are not guaranteed for periods other than the period for which they were declared.

Investment products may be subject to market and other risk factors. See the applicable product literature, or visit depauw for details.

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.

1Questions? Call 800-842-2252 or visit depauw

What to expect

On March 15, 2017, your balance in the 403(b) Retirement Plan with Fidelity will be transferred to your 403(b) Retirement Plan account with TIAA and invested according to your current allocations.

If you do not have a 403(b) Retirement Plan account at TIAA, a new account will be established for you on March 10, 2017, and an enrollment confirmation will be sent. Your existing balance with Fidelity will be invested into the JPMorgan SmartRetirement fund that corresponds to the year you turn 65 (as shown in the chart below). Account access information is provided on the back cover of this guide.

Blackout Period To help ensure the smooth transfer of account balance(s) from Fidelity, there will be a brief Blackout Period. During this time, you will not be able to perform transactions (i.e., change investments, make withdrawals, take a loan, transfer funds, etc.). The Blackout Period is expected to begin at Fidelity on March 7, 2017, at 4 p.m. (ET) for new withdrawal requests and on March 14, 2017, at 4.p.m (ET) for all other transactions. See the enclosed Blackout notice for more details.

How your account balance(s) will transfer Account balances from Fidelity will be applied to your plan accounts on or before March 29, 2017, depending upon when TIAA receives your balances from Fidelity in good order. As part of the transfer, your account will not be invested in the new funds for up to two business days. Your balance will be applied first to the TIAA-CREF Money Market Fund at TIAA on or around March 15, 2017, then transferred from the TIAA-CREF Money Market Fund to your allocations on file on or around March 16, 2017. If no allocations have been selected, balances will be transferred to the default age-appropriate JPMorgan SmartRetirement fund as directed by DePauw University and shown in the chart below.

Typically, you'll receive three confirmations: One from Fidelity showing the transfer out of your account, one from TIAA for the transfer to the TIAA-CREF Money Market Fund and another one from TIAA for the transfer to your allocation on file or the ageappropriate JPMorgan SmartRetirement fund.

JPMorgan SmartRetirement fund birth chart

These are the plan's default investment options selected by DePauw University.

Participant Birth Year 1900 ? 1945 1944 ? 1953 1954 ? 1958 1959 ? 1963 1964 ? 1968 1969 ? 1973 1974 ? 1978 1979 ? 1983 1984 ? 1988 1989 ? Present

Investment Fund Name JP Morgan SmartRetirement Income Select Class JP Morgan SmartRetirement 2015 Select Class JP Morgan SmartRetirement 2020 Select Class JP Morgan SmartRetirement 2025 Select Class JP Morgan SmartRetirement 2030 Select Class JP Morgan SmartRetirement 2035 Select Class JP Morgan SmartRetirement 2040 Select Class JP Morgan SmartRetirement 2045 Select Class JP Morgan SmartRetirement 2050 Select Class JP Morgan SmartRetirement 2055 Select Class

Ticker Symbol JSRSX JSFSX JTTSX JNSSX JSMSX SRJSX SMTSX JSASX JTSSX JFFSX

Action Steps

? S elect investments. Starting March 11, 2017, you can update your investment choices. If you wish to continue investing in Fidelity funds, the self-directed brokerage services account through TIAA may provide this option.

? R eview or name your beneficiary. If you are new to TIAA, your beneficiary designation will be set to "Estate." Naming a beneficiary is an important aspect of managing your retirement account.

? G et advice. Has it been a while since you reviewed your investment mix? You're eligible to receive retirement plan investment advice at no additional cost. It's all about helping you retire on your terms.

Questions? Call 800-842-2252 or visit depauw2

We're here to help

Not sure where to begin? Let us help you take the next step!

Online

Phone

In person

To update your account online, go to depauw and select Log In. If you're new to TIAA, you can access your new account starting on March 11, 2017. Click on Register for Access to set up online access to your account.

If you have any questions or would like assistance selecting your new investment options, call TIAA at 800-842-2252, weekdays, 8 a.m. to 10 p.m., or Saturday, 9 a.m. to 6 p.m. (ET).

We encourage you to schedule a one-on-one advice session. To schedule an advice session with TIAA, call 800-732-8353, weekdays, 8 a.m. to 8 p.m. (ET), or visit schedulenow. There is no additional cost to you for this service.

Distributions from 403(b) plans before age 59?, 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.

You should consider the investment objectives, risks, charges and expenses carefully before investing. Please call 877-518-9161 or go to depauw 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. Brokerage Services are provided by TIAA Brokerage Services, a division of TIAA-CREF Individual & Institutional Services, LLC, Member FINRA/SIPC.

?2017 Teachers Insurance and Annuity Association of America-College Retirement Equities Fund, 730 Third Avenue, New York, NY 10017

C37973

705708-807506 (02/17)

 ................
................

In order to avoid copyright disputes, this page is only a partial summary.

Google Online Preview   Download