ADVANCING YOUR FINANCIAL FUTURE - TIAA

ADVANCING YOUR FINANCIAL FUTURE The Washington University Retirement Savings Plan

Table of contents

Making it easier to plan and invest for retirement..................4 Plan information for

TIAA-only participants........................................................5 Vanguard participants ........................................................6 Retirees ................................................................................8 Investment options ..................................................................9 On-campus information sessions .........................................15 Retirement plan investment advice ......................................16 About TIAA..............................................................................17 Frequently asked questions ..................................................18 Contact ...................................................................................20

A message from Washington University

Bringing together the best of two providers The opportunities you have to plan and save for your financial future are important to the University. That's why, effective June 7, we will streamline the way we administer the Washington University Retirement Savings Plan, with changes designed to:

? Make it easier for you to plan and invest for retirement ? Lower investment costs ? Provide expanded retirement information and investment advice services On the following pages, you'll see how consolidating our Plan administration with one recordkeeper, TIAA, allows us to offer the same investment options currently available to you (including the Vanguard funds), while reducing some investment fees. How this transition affects you By consolidating to one recordkeeper, we're bringing together the best features offered by our two current recordkeepers. From online tools to educational information and low-cost annuity options, the same investments and resources will be offered to all participants of the Plan. There will be one statement, one participant services phone center and more opportunities for one-on-one financial consultations. Invest in your financial future The transition gives you an opportunity to focus on the Washington University Retirement Savings Plan, as well as plan for your financial future. Please review this guide and attend an information session to understand this transition. As always, we encourage you to consider steps to take as you balance your desire to live well today, with the need to save and invest for tomorrow.

Washington University in St. Louis Office of Human Resources

Questions? Call 888-488-3419 or visit wustl 3

Making it easier to plan and invest for retirement

One source for managing your account

You'll be able to conveniently view all of your investment options, whether Vanguard or TIAA, and make transactions through the TIAA recordkeeping platform. There will be one participant services phone number, one consolidated statement each quarter and one account website-- where you can access your retirement account information, as well as review and select investment options from both Vanguard and TIAA.

Lower investment costs help you save

All Vanguard and TIAA investment options will remain available through the Washington University Retirement Savings Plan. While the TIAA investments are already at the lowest-cost share class available, the consolidation of plan services allows for some of the Vanguard funds to move to a lower-cost share class.

If you're invested in Vanguard funds, your current assets, and all future contribution elections, will automatically transfer to your new account on TIAA's recordkeeping platform. Your Vanguard assets will remain fully invested during the transfer process. See information on page about how the funds will transfer.

Expanded retirement information and advice services

Whether you're just starting your career or already retired, you'll have access to helpful resources, such as online communities for women and retirees, financial calculators and the

? Financial View online tool that helps you budget and manage your finances by tracking income, bills, financial accounts and net worth.

Personalized advice is also available on all of the Plan's investment options from a TIAA financial consultant at no additional cost to you.

Lower-cost share class

Investing in a fund with a lower-cost share class means

!

Investing

you pay less for investment fees and a higher percentage of any potential return stays invested.

For example, a reduction of 0.10% in mutual fund fees

insight

would result in annual savings of $ each year for every

$ , invested. If your account is worth $ , , you

would save approximately $100 a year in mutual fund fees.

While returns can't be guaranteed, paying lower fees can help your savings add up over time.

Unrelated to the transition, the Vanguard Prime Money Market (VMMXX) will no longer be available on the TIAA platform, as a result of Money Market Reform. Any balances invested in the fund will be transferred to the Vanguard Treasury Money Market (VUSXX).

4 Washington University in St. Louis

Plan information for TIAA-only participants

No action is required at this time

While you are not required to take any action, you should regularly review your account information and consider whether or not you want to make any investment or beneficiary changes.

Dates to note: 2016 Date

May 13

May 13 - June 1

Event

You will be able to view all Plan investments (including Vanguard funds) through your TIAA account.

Online contribution changes cannot be made through HRMS during this period while the University's benefits system is being updated. Complete a paper form, if necessary, to make a contribution change.

Questions? Call 888-488-3419 or visit wustl 5

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

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

Google Online Preview   Download