BENEFITS

Update on changes coming to JHU retirement plans

To get ready, you can check out the new investment menu and make an appointment with the program's new independent investment adviser

Illustration of man on ladder holding one wedge of an abstract pie with six colors representing various investments

Credit: GETTY IMAGES

This summer, Johns Hopkins University will be making changes to its retirement plans. To help you prepare, the Office of Benefits & Worklife has created a new menu of funds that will be available on all three recordkeeping platforms (TIAA, Fidelity, and Vanguard) and is introducing a new partnership with Marsh McLennan Agency, an independent investment adviser.

What you can do now

If you currently have an account with TIAA, Fidelity, or Vanguard, you can move your current balance and/or direct future contributions to investments in the new menu.

Get personalized advice by scheduling a one-on-one appointment with a retirement expert at Marsh McLennan, at no cost to you. There's no single path to retirement planning. MMA's independent, specially trained advisers offer personalized guidance to help you set and achieve your individual financial goals. They provide a range of education options, so you can decide whether you want a deep dive into long- and short-term investment strategies, just the basics, or a combination of both. Either way, you set the pace.

To receive help with your retirement plan investments, log into MMA's Prosper Wise digital platform and elect the Retirement Plan option to reserve your spot. Sessions will take place virtually via Zoom; a link will be sent after you have scheduled your appointment.

Sign up for MMA's educational webinar series, which starts in February. MMA will host the six-week series, tailored to JHU's retirement plans, to help you learn more about investing for your future needs. Click here to learn more and to register.

Want to learn more?

  • Visit the Changes Ahead page of the JHU Human Resources website.
  • Watch the university's recorded Fast Facts webinar for a refresher on how its retirement plans are changing and what you can do to prepare.
  • Review the funds offered through the new investment menu, and consider how you'd like to invest your current retirement savings and future contributions.
  • Contact JHU's dedicated retirement service center at 888-200-4074, 8 a.m. to 10 p.m. weekdays, for answers to your questions.

Through JHU's myChoices Retirement portal, you can enroll, view your current plan, make changes to your contribution, or otherwise manage your JHU retirement savings at any time of the year.

Posted in Benefits+Perks

Tagged hr newswire