Update on ACU Retirement Plan

During Benefits Annual Enrollment last fall, we discussed the fact that ACU has begun the process of terminating two of our frozen retirement plans (401a & 401k). We now have confirmation from the IRS that the request is in the final evaluation stage with Quality Assurance. Please keep in mind that until the IRS issues the determination letters we are still in a holding pattern. Once the determination letters are issued, you will have a 60 day window to make elections.  What you can do during this time is review the FAQ’s we have developed. The FAQ document will be updated as information is received. If you have any further questions, please feel free to contact TIAA-CREF at 1-800-842-2252, or humanresources@acu.edu.