Nov. 30, 2018 – Last day to request plan-to-plan transfer paperwork. Contact Fidelity at 800-823-0172 to initiate a plan-to-plan transfer.
Dec. 27, 2018 – Last day to redirect future contributions to Fidelity through Retirement Manager at hr.duke.edu/retirementmanager or re-enroll in the new TIAA Traditional at hr.duke.edu/TIAAenrollment.
Dec. 28, 2018 – Last day to return paperwork to TIAA for a new loan or hardship withdrawal.
Jan. 4, 2019 – Last day to return paperwork to TIAA for a nonhardship withdrawal (if eligible) or make any changes to your account. Blackout period begins at 4 p.m. Eastern time.
Week of Jan. 14, 2019 – All mutual fund balances at TIAA will begin to transfer to the new investment lineup at Fidelity. Annuity balances will remain at TIAA.
On or after Jan. 16, 2019 – Blackout period ends for annuity accounts at TIAA.
Week of Jan. 27, 2019 – Blackout period ends for mutual funds transferred from TIAA to Fidelity.
If you have an account with TIAA, this is how the transition affects future contributions and account balances.
You must select investments for future contributions from the new investment lineup at Fidelity at fidelity.com/duke.
Future contributions will be directed to your chosen investments in the new investment lineup at Fidelity effective with your January 18, 2019, paycheck (biweekly payroll) or your January 25, 2019, paycheck (monthly payroll).
If you do not make an investment election in the new investment lineup at Fidelity by January 14, 2019, your contributions will be directed to a Vanguard Institutional Target Retirement Fund based on your age.
Participants who are currently directing contributions to the TIAA Traditional account under the RA/GSRA contracts will not be automatically enrolled in the new TIAA Traditional under the new Retirement Choice contract. You must re-enroll in the new TIAA Traditional by December 27, 2018. Please visit hr.duke.edu/TIAAenrollment for additional information about how to re-enroll in the new TIAA Traditional or contact Human Resources at 919-684-5600.
Starting on January 14, 2019, all mutual fund balances at TIAA will transfer to the new investment lineup at Fidelity, according to the Retirement Redesign Mapping Strategy Guide.
If you do not want your mutual fund account balances at TIAA to transfer according to the Retirement Redesign Mapping Strategy Guide, you can directly transfer your balances to Fidelity by November 30, 2018. Contact Fidelity at 800-823-0172 to initiate a plan-to-plan transfer. Paperwork must be received by TIAA, in good order, prior to 4 p.m. Eastern time on January 4, 2019, in order to be processed before the blackout period begins.
TIAA annuity account balances will not transfer to Fidelity unless you initiate a transfer request. Contact TIAA to discuss any questions you have about the annuity products. Remember that some annuity products may have penalties or restrictions on transfers.
Note: Annuity and mutual fund options held at TIAA are not eligible for the optional one-time transfer in-kind to BrokerageLink®.
Loans and Hardship Withdrawals
Starting in January 2019, all new loans and hardship withdrawals will be processed through Fidelity. Effective December 28, 2018, there will be no additional loans or hardship withdrawals allowed from your TIAA accounts. In order to process a loan or hardship withdrawal before this deadline, the paperwork must be received, in good order, prior to 4 p.m. Eastern time on December 28, 2018.
Outstanding loan balances at TIAA will not transfer to Fidelity. You will continue to make loan payments directly to TIAA.
Automatic Rebalancing Services
If you are using the automatic rebalancing services, your allocation on file at TIAA may be affected by the upcoming plan changes. Please contact TIAA on or before January 2, 2019, in order to update your instructions on file.