Johns Hopkins University is making changes to its retirement plans between July 5 and Aug. 5. Following is an overview of what will happen, key dates, and the steps you can take to help you prepare.
What to expect next
Here's an outline of key events as the university transitions the retirement plans to TIAA—the sole recordkeeper—and streamlines the investment options offered in the plans. If you have savings transferring to TIAA, you should have already received your new account(s).
Your only required action is to update your beneficiaries and spousal waivers, if applicable, on TIAA.org for each new account you receive from TIAA. These elections will not carry over, even if you previously had an account with TIAA.
|Key Dates||What's Happening||How It May Affect You|
|JUNE 13||New account(s) are set up at TIAA||
|JULY 5–8||Quiet period||Payroll contributions cannot be changed.
New hires will not be able to access new accounts.
|JULY 15 (JULY 8 for Bargaining Unit members)||First payroll contributions will be directed to the new TIAA accounts.||If you're invested in funds being eliminated from the retirement plans and you have not made investment choices from the new investment menu for future contributions, your new payroll contributions will be invested in a Vanguard target-date fund based on your date of birth.|
|JULY 18||Blackout period will begin for non-TIAA accounts transitioning from prior recordkeepers. There is no blackout period for existing TIAA accounts.||If you have savings that are transitioning from a prior recordkeeper, you will not be able to make any transactions during this time.|
|Week of JULY 31*||Blackout period expected to end||When the blackout period is over, you'll be able to:
*Note: The dates of the transfer and end of the blackout period depend on the accurate, timely transfer of data and assets from prior recordkeepers to TIAA. If this does not occur, you'll receive an email letting you know that the end of the blackout period is delayed.
How you can prepare
Visit the Changes Ahead page of the JHU Human Resources website to access recorded webinars with additional information.
Request a printed Retirement Plans Transition Guide from the Benefits Service Center by emailing email@example.com or calling 410-516-2000, weekdays from 8:30 a.m. to 5 p.m.
Meet with financial consultants from Marsh McLennan Agency (MMA) or TIAA if you'd like help selecting investments from the new menu; contact information is on the HR website.
Contact the Benefits Service Center for general questions about the retirement plans and transition. Email firstname.lastname@example.org or call 410-516-2000, weekdays, from 8:30 a.m. to 5 p.m.
Call TIAA for help answering specific questions about the transition and making changes to your accounts: 888-200-4074, weekdays 8 a.m. to 10 p.m.