University announces retirement plan fee credit
11:14 a.m., June 24, 2013--The University of Delaware Office of Human Resources has announced that the University has negotiated a fee credit from Fidelity Investments and TIAA-CREF for participants in the UD Retirement Plan.
This credit represents a benefit to the participants’ plan accounts, in addition to the availability of low-cost investments.
Tea with the provost
The amount of this credit, if any, may vary from time to time and will be calculated based on the account balance, and the performance and expenses of the funds in the plans.
This arrangement may result in periodic additions to the participant’s plan account and will appear as “Revenue Credit” on future retirement savings statements from Fidelity Investments or TIAA-CREF.
All revenue credits will be invested in proportion to the participant’s investment holdings.
Although fees and credits may be important factors in choosing investment options, it is important that individuals take into account several other considerations, such as time horizon, risk tolerance, and financial situation, when determining an investment approach and choosing the right investment mix.
Those who have questions should contact Fidelity Investments or TIAA-CREF at these websites and telephone numbers:
• Fidelity Investments: Online at www.fidelity.com/atwork or call 1-800-343-0860 to speak with a representative.
• TIAA-CREF: Online at www.TIAA-CREF.org or call 1-800-842-2776 to speak with a representative.