TIAA - Summary Plan Description 05.20
Summary of Material Modification
TIAA Plan and Investment - Notice
2022 Summary Annual Review (SAR) – Retirement Plans - Notice
Personal planning is important because it is the determining factor of your satisfaction with your retirement lifestyle. Financial planning is crucial because it identifies your sources of income and expenses and establishes your retirement budget, based on your personal plan and goals.
With pre-tax savings, employees can make a positive impact to their paycheck now, while securing their future. Midwestern offers both a tax-deferred annuity plan and after one year of service, a Defined Contribution Plan. See below for details:
Mobile Wallet Card
The new Mobile Wallet Card is a handy website that keepsall of your Midwestern University benefit contacts in one place, witheasy accessibility from your smartphone, tablet or computer.
Overview of Summary Annual Reports
The Employee Retirement Income Security Act of 1974 ("ERISA") requires employers to file Annual Returns with the Internal Revenue Service and the U.S. Department of Labor on the status of their various employee benefit plans. In addition, employers are required to distribute annually a summary of the Annual Returns to all plan participants. This summary commonly referred to as a Summary Annual Report, or "SAR", is derived from data filed on the Annual Return. The primary purpose of the SAR is to make information about a plan's annual financial status available to all plan participants. This information is being made available to you electronically. Participants have the right to request and receive a paper copy of these documents if needed.
If you require paper copies or have questions about Midwestern University's benefits plans, please contact your local human resources representative. If you have any questions about this statement or your rights under ERISA, or if you need assistance in obtaining documents from the Plan Administrator, you should contact the nearest office of the Employee Benefits Security Administration, U.S. Department of Labor, or the Division of Technical Assistance and Inquiries, Employee Benefits Security Administration, U.S. Department of Labor, 200 Constitution Avenue N.W., Washington, D.C. 20210. You may also obtain certain publications about your rights and responsibilities under ERISA by calling the Pension and Welfare Benefits Administration Brochure Request Line at (800) 998-7542, by logging on to the internet at http://www.dol.gov/, or by contacting the PWBA field office nearest to you.