Retirement Plan Changes – Reminder

Hopefully you have heard by now, Kalamazoo College joined with other member institutions from the Michigan Independent College and Universities (MICU) to adopt a single retirement plan called a 403(b) Multiple Employer Plan (MEP). Enhancements to our retirement plan begin on October 3, 2025.

Perhaps you are wondering what steps you might consider. Here you go.

Highlights

What is changing

  • Enhanced retirement planning resources with HUB Investment Partners
  • New investment options
  • New lifecycle models, also known as retirement date funds

What is not changing

  • Your TIAA login and password will continue to work after October 3
  • Beneficiaries established with TIAA will carryover
  • Employer contribution and matching structure continue
  • Pretax and Roth (post-tax) contribution strategies remain
  • You may still use your TIAA advisor