The 403(b) Transition is Complete!
Fidelity is now the master administrator of the UM 403(b) Retirement Plans. The University of Miami currently has four 403(b) retirement plans:
• The Retirement Savings Plan (RSP)
• The Retirement Savings Plan II (RSPII) – UMH hospital employee plan
• The Faculty Retirement Plan (FRP)
• The Supplemental Retirement Account (SRA)
The plans now offer a four-tier investment structure. With the transition, there is a new way to enroll in and manage your 403(b) accounts. That means no more paper forms, and no more transactions on myUM. See chart below on how to enroll and/or make changes to your 403(b) investments and payroll contributions.
| ACTION |
Fidelity Website |
TIAA-Cref Website* |
My UM |
| Enroll in Plan (all four tiers) |
X |
|
|
| View Accounts Balances for Tiers 1, 2, and 4 |
X |
|
|
| View Account Balances for Tier 3 |
|
X |
|
| Change per Pay Period Payroll Contribution for all Four Tiers |
X |
|
|
| View per Pay Period Payroll Contribution for all Four Tiers |
X |
|
X |
| View and Change Investment Allocations for Tiers 1, 2 and 4 |
X |
|
|
| View and Change Investment Allocations for Tier 3 |
|
X |
|
| View and Update 403(b) Beneficiaries |
X |
X |
|
Resources
• Fidelity/TIAA Website Guide
• Frequently Asked Questions
• Click here to view Fidelity's Excessive Trading Policy
• Visit plan.fidelity.com/UM
• Schedule an onsite Fidelity one-on-one session at:
–
plan.fidelity.com/UM
– Call 1-800-642-7131, Monday – Friday, from 8:00 a.m. to midnight
• Schedule an onsite TIAA-CREF one-on-one session at:
–
www.tiaa-cref.org/moc
– Call 1-800-732-8353, Monday – Friday, from 8:00 a.m. to 8:00 p.m
• Email an HR Benefits Representative at www.miami.edu/benefits/ask
