2021 Retirement Updates

Providers

[text_block style=”style_1.png” align=”left”]The goal of a provider is to provide day-to-day administrative functions of your plan. Functions include providing education, keeping track of investments and your account, communicating with you, providing education, and answering questions. Retirement plans will be administered through continuing providers. Any other providers will become a legacy provider.

Legacy Provider: Legacy providers can continue to work with existing accounts, however no contributions in the future can be administered to an account with a legacy provider after December 21, 2020.

Ongoing Provider: Providers that are chosen to provide administrative services to participants. Beginning on January 4, 2021, these providers will offer the plans’ new tiered investment lineup.

New accounts with be opened using ongoing providers for each current retirement plan you are making payroll contributions to. January 4, 2021, all new contributions will be administered to the new account(s).

A new account will be opened with Fidelity if you do not select a new provider and you currently have a legacy provider.[/text_block]

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Steps you can take

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    Review Ongoing Providers

    You can view your provider(s) by looking at your payroll deductions.

[text_block style=”style_1.png” align=”left”]ARP: AIG Retirement Services (AIG), Fidelity Investments (Fidelity), TIAA and Voya

403(b) Plan: AIG, Fidelity, TIAA and Voya

457(b) Plan: Fidelity, Ohio Public Employees Deferred Compensation (ODC) and TIAA

RCP and 415(m) Plan: Fidelity and TIAA[/text_block]

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    Is your provider a current ongoing provider?

[text_block style=”style_1.png” align=”left”]If you are already with an ongoing provider, no action needs to be taken unless you would like to switch.

      • If you would like to switch, please review and consider our list of ongoing providers.
      • If you would like to keep your current ongoing provider, you may need to update your provider with information starting January 4, 2021.

If your provider is not on the list, you may choose a different provider beginning on October 1, 2020. Otherwise, an account with Fidelity will be opened for you.[/text_block]

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    Contact An Ongoing Provider

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List of Legacy Providers

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ARP

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403(b) and 457(b)

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Have any questions?

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Take a look at the 2021 retirement FAQ page

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