Retirement Plan Updates for Franklin Pierce University

This guide details the upcoming enhancements to the retirement plans at Franklin Pierce University (FPU), set to begin the week of May 18, 2026. The updates include the introduction of new investment options and services aimed at assisting participants in achieving their retirement goals. Key changes involve the consolidation of existing retirement accounts into a single Defined Contribution Retirement Plan, which simplifies management and tracking of retirement savings. Participants may also be automatically enrolled in the new TIAA RetirePlus Select® program, which will serve as the default investment option. The guide outlines important dates, including the final payroll contributions and the effective date for investment changes. Additionally, it emphasizes the importance of reviewing the enclosed information to understand how these changes may impact individual accounts, including the new fee structure and access to personalized investment advice. Overall, these enhancements are designed to provide greater flexibility and transparency in managing retirement investments.