Virtual Townhall Presentation Schedule
The following information sessions will cover changes to the Kent State University Alternative Retirement Plan (ARP), and the 403(b) and 457(b) plans as the university moves to update and modernize the plans, simplify investment options, reduce certain plan costs, offer greater flexibility in fund selection, and improve the retirement savings opportunities for KSU faculty and staff.
All participants may select new investments with either AIG (VALIC), Equitable (AXA), TIAA, or Voya for all contributions beginning with the first payroll in May 2022. You can make investment selections during an open election period starting April 6 through May 13, 2022 (salaried) or May 20, 2022 (hourly) payrolls.
No other vendors will be available for future contributions beginning with the first payroll in May 2022. This does not affect balances in place prior to that payroll nor does it in any way affect retirement plans administered by OPERS or STRS.
To assist you with the selection process, a series of one hour information sessions are scheduled virtually for you to learn more and answer any questions. You may attend any meeting by registering using the link(s) below. We recommend that you attend an HR/CAPTRUST presentation first, followed by the presentation from the vendor(s) of your choice.
HR/CAPTRUST Presentation Schedule
Vendor Specific Sessions
As noted above, we recommend you attend a HR/CAPTRUST presentation first before attending any of these.
|Date||Time||Registration Link||Vendor Company|
|Monday – 4/4/22||9:30 AM||Virtual Vendor Session||Equitable (AXA)|
|Monday – 4/4/22||3:00 PM||Virtual Vendor Session||TIAA|
|Tuesday – 4/5/22||9:00 AM||Virtual Vendor Session||TIAA|
|Tuesday – 4/5/22||12:00 PM||Virtual Vendor Session||Equitable (AXA)|
|Wednesday – 4/6/22||10:00 AM||Virtual Vendor Session||AIG (VALIC)|
|Wednesday – 4/6/22||3:00 PM||Virtual Vendor Session||Voya|
|Thursday – 4/7/22||10:00 AM||Virtual Vendor Session||Voya|
|Thursday – 4/7/22||3:00 PM||Virtual Vendor Session||AIG (VALIC)|
Selecting a new vendor for future contributions
Selecting a new vendor is particularly important if your current vendor is not continuing, although you may still change vendors, even if this is not the case. You may select a new vendor for investments following the steps listed below. It’s important to complete each step to ensure that future contributions are directed to your newly selected vendor. If you are changing vendors, a new Vendor Selection Form must be completed and submitted to the Employee Benefits Office in Heer Hall on the Kent campus. Forms may also be sent via fax to 330-672-5447 or emailed to firstname.lastname@example.org. Vendor selections must be made between March 21 and April 19, 2022, in order for your future contributions to be directed to your new vendor effective with the May payroll.
Actions to take
All participants will have new investments through either AIG, Equitable, TIAA or Voya for all contributions beginning with the May 13, 2022 (salaried), or May 20, 2022 (hourly), payrolls. You can make investment selections during an open election period of April 6 through the May 13, 2022 (salaried) or May 20, 2022 (hourly) payrolls. Future contributions will then be directed to the new investment options. However, you may update/change your investments at any time by visiting your vendor’s website (listed in the chart below).
|Steps||Resources||If you do not complete this step:|
|1. Research the vendors||Attend a HR/CAPTRUST and/or vendor-specific virtual presentation from above.||N/A|
|2. Attend meetings (optional)||Attend any group meeting(s) of your
|3. Complete the New Vendor Election Form (if you are changing vendors)||Download form (PDF)||Future contributions remain with your current vendor, as outlined in the vendor materials. If your vendor is not continuing and you do not select a new vendor, future contributions will be directed to the default TIAA Lifecycle Index Fund closest to your birth year. You can subsequently change vendors or investments.|
|4. Visit your vendor’s website to open an account and select investments. *||AIG: ohiohighered.valic.com/home
|Future contributions will be directed to your new vendor’s target date fund.|
* If you prefer to complete this step with a vendor representative, please contact your selected vendor for an individual meeting or for assistance via phone.