ARP, 403(b), and 457(b) Vendor Transition
Effective May 4, 2022, Kent State University offers four vendor choices for all future contributions to the Alternative Retirement Plan (ARP), the 403(b) Plan, and the 457(b) Plan.
- FAQs (PDF)
- Announcement dated March 14, 2022 (PDF)
- Retirement Plan Vendor Comparison Chart (PDF)
- Sample Questions to ask your retirement vendor (PDF)
As of May 4, 2022, Kent State offers four vendor choices for all future contributions to the ARP and 403(b) plans: AIG (also known as VALIC), Equitable (also known as AXA), TIAA, and Voya. Please note that 457(b) plans are available from AIG (also known as VALIC), TIAA, and Voya.
All previous contributions can remain with your current vendor if you so choose.
The four remaining vendors will offer three tiers of investment choices. Tier 1 will provide a Target Date Fund (based upon your current age and your estimated retirement age). Tier 2 will offer both passive and actively managed mutual fund choices across all major asset categories and will include many recognized major mutual fund providers. Tier 3 will allow you to choose preferred investment fund choices through a brokerage window, although there may be higher fees associated with this option.
Group information sessions will be offered by the HR Employee Benefits Office/CAPTRUST on March 22, 23, and 24th. Vendor-specific virtual group sessions will be provided by each continuing vendor the week of April 4. All sessions can be easily accessed from the “Vendor Virtual Group Meeting Schedule” shown above. The continuing vendors will continue to have a presence on campus or virtually and can be contacted during normal business hours to set up individual sessions going forward.
Below you will find the information for the four vendors, with their Transition Guides and contact information.