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Rollovers can be accepted from 401(k), 401(a), 403(a), 403(b) governmental 457(b), profit sharing, and stock bonus plans.
In addition, account balances in a personal Traditional IRA may be able to be rolled over into the TDA plan account.
Set up formal account(s) for your Tax Deferred Annuity (TDA) on the TIAA and/or Fidelity websites to designate beneficiaries and investment fund allocations. If a participant fails to set up an account with the investment vendors (TIAA and/or Fidelity), then contributions made on their behalf will automatically be split evenly between a TIAA lifecycle fund and a Fidelity Freedom lifecycle fund, both based on the participant's date of birth.
Contributions are deposited with TIAA and/or Fidelity Investments on a per pay period basis for each participant.
Their investment strategy is linked to the investor’s date of birth and expected date of retirement and grows more conservative over time.
Lifecycle funds will be the default selection for employees who do not make an investment election when they enter the plan. Core funds are building blocks for investors interested in creating their own investment strategies.
Unless otherwise provided in such revision, the revised terms will take effect when they are posted.
Cornell may modify the funds in the Core menu based upon the results of these reviews.
From time to time Cornell may modify or remove non-core funds to the fourth tier described below.
Allows confident and knowledgeable investors to build a customized investment strategy using a broad array of mutual fund choices that are appropriate to retirement plan investing.
The Tax-Deferred Annuity (TDA) plan offers eligible employees a way to save more for their retirement income.
Endowed and contract college employees who are on the University payroll with FICA deductions are eligible to participate in the TDA Plan.
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For more information or to obtain a rollover application, contact the investment vendor directly.