TIAA-CREF to send notice to UD retirement saving plan participants
12:46 p.m., Sept. 24, 2012--TIAA-CREF, a University of Delaware retirement plan provider, will be notifying plan participants that employee contributions to the 403(b) retirement saving plan were incorrectly labeled as voluntary.
TIAA-CREF will be correcting the error, and there is no action required of plan participants. This will have no effect on a participant’s total account balance or investment choices.
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TIAA-CREF will issue confirmation statements once the adjustments have been made. The adjustments can also be viewed online at tiaa-cref.org/udel (login required) or on the next quarterly statement.
TIAA-CREF can answer questions that individuals might have about their account. TIAA-CREF consultants can be reached directly at 800-842-2252 Monday through Friday from 8 a.m. to 10 p.m. and Saturday from 9 a.m. to 6 p.m.