Important Update Regarding UNC Retirement Plan Recordkeepers

This spring we communicated that the UNC System was exploring a move from two recordkeepers (TIAA and Fidelity) to a single retirement plan recordkeeper for UNC Retirement Plans. The System completed the RFP process and has awarded the contract to manage all participant retirement plan assets to TIAA. This includes the UNC Optional Retirement Program, UNC System 403(b) Plan and the UNC System 457(b) Plan. Please read this message from the UNC System for more details.

What’s Next?

Beginning Sept. 1, 2023, for all new employees, retirement contributions will only be made to accounts with TIAA.

If you currently have your UNC Optional Retirement Program employer and employee funds split between TIAA and Fidelity, all contributions effective on or after Jan. 1, 2024, will be required to be sent to TIAA. No action will be required from you, as the UNC System will work with UNC Charlotte to make this change.

In the upcoming months, you will receive more information about the change, including a transition guide that highlights details about the fund lineup available through TIAA, the fund mapping process, key dates, and the decision-support resources available to you.

We encourage you to take full advantage of the guidance and tools available to help you maximize your savings and plan for a successful retirement. If you have questions, review the UNC System website and please contact the Benefits Office at Benefits@charlotte.edu.