TIAA Retirement Plan Change - Fee Reduction

Fairfield University is committed to providing you with competitive retirement benefits. As part of this commitment, we recently reviewed the retirement program and are making an important change, which TIAA will implement on or about February 23, 2024.

Your plans assess an annual administrative fee to cover services such as recordkeeping, legal, accounting, investment advisory, and other plan and participant services. Some fees are paid by Fairfield; others are paid by you based on the investments and services you choose. An upcoming change will impact the administration costs assessed to your plans.

Effective February 23, 2024, your current annual plan servicing fee of up to 0.10% ($1.00 per $1,000 invested) is being reduced to 0.075% ($0.75 per $1,000 invested), which will be divided into quarterly payments and deducted from your account.

For more information, please click here to view the letter in its entirety: https://fairfield-university.atlassian.net/wiki/spaces/HR/pages/28737670/403+b+Retirement+Savings+Plan

For more information, contact Blythe Josovitz, Director, Benefits & Comp. / x.2995 / bjosovitz@fairfield.edu