Don’t Forget! The State Deferred Comp (457 Plan) re-enrollment period for current plan participants will end on Thursday, April 23 at 3 p.m. CT.
During the re-enrollment period participants have two main choices, which determine how current assets and future contributions are invested:
- Take no action. You will be automatically re-enrolled in the Retirement Active Trust with a target date closest to the year in which you will turn age 65. This is a diversified portfolio that you can carry to and through retirement. Effective Friday, April 24 the asset transfer will take place.
- Take action. Choose this option if you prefer to have more control over choosing and monitoring your investment strategy.
- Call T. Rowe Price at 888-457-5770 or access your account to opt out of the automatic re-enrollment and select your investments from a list of funds to create your own diversified portfolio. See pages 3 and 4 of the Re-enrollment Brochure.
What if I miss the re-enrollment and I do not want to invest in the Retirement Active Trust?
If you take no action prior to April 23 at 3 p.m., your account will automatically transfer to the age-based Retirement Active Trust. However, you may make changes to your investments at any time after the re-enrollment period ends.
Learn More
Participate in a live webinar on April 22 – register online. Or view a pre-recorded webinar.
Questions?
Contact T. Rowe Price at 888-457-5770, 6 a.m. to 9 p.m., for additional information or access your account. You may also contact University Payroll and Benefits (UPB) at:
- Email: benefits@uillinois.edu
- Urbana: 217-333-3111
- Chicago: 312-996-6471
- Springfield: 217-206-7144 or 217-206-7211
Resources
Re-enrollment Brochure
Deferred Compensation Plan Website
