Indiana University to use Fidelity as new retirement plan provider

October 24, 2019

Indiana University has selected Fidelity as the sole provider of administrative recordkeeping services to the IU retirement plans. In addition, a new simplified investment menu was introduced. Information about the changes and enhancements was sent to active IU employees, retirees and people who no longer work for the university but were fully vested before they left.

What changes are coming?
Effective January 1, 2020, the following changes will be introduced:

  • Fidelity will be the sole recordkeeper for IU retirement plans.
  • New reduced fees under the IU retirement plans will be more transparent.
  • A new streamlined investment menu will be offered. A self-directed brokerage window also will be available for investors who want access to additional options.
  • Rollovers from other plans or IRAs will be permitted into the TDA and 457(b) Plan.
  • Roth contributions will be permitted to the TDA and 457(b) Plan.

“There are several opportunities we hoped to achieve through this process," IU Vice President for Human Resources John Whelan said. "We wanted to make sure we negotiated the best fees for the individuals participating in our retirement plans, that we've simplified their investment choices to encourage easier decision-making, and that we're certain that we're providing our employees with the best-performing funds.”

Upcoming information and Q&A session with John Whelan
Whelan will be at the Indianapolis Faculty Council (IFC) meeting from 3-5 pm, Tuesday, November 19, to explain the changes and answer questions. The meeting will be held in the IUPUI Campus Center Theater.

Other ways to learn more

  • Visit the Retirement Plan Enhancements site.
  • Attend a Help Desk on the IUPUI or IU Bloomington campuses. Reservation is not required.
  • Schedule a one-on-one appointment with a Fidelity representative. Appointments are available at no cost. Schedule online, call the Fidelity reservation line at 800-642-7131 or text “MeetAtIU” to 343-898*. Meetings will be available on every campus throughout the fall semester.
  • Attend an on-site seminar. Reservation is not required.
  • Can’t attend in person? Register for a webinar:
    Tuesday, November 5; 2 pm EST
    Fidelity NetBenefits 101

        Thursday, November 7; noon EST
        Fidelity NetBenefits 101

        Wednesday, November 13; noon EST
        Fidelity NetBenefits 101

        Wednesday, November 20; 2 pm EST
        Fidelity NetBenefits 101

For more information about why IU is making the change and how the new investment menu is structured, visit News at IU.