Starting April 1, 2020, the University will move to one plan service provider, Fidelity Investments, for the Faculty Retirement Plan (FRP), Optional Retirement Plan (ORP), and 457 Deferred Compensation Plan (457 Plan). Rest assured that these changes will not impact the contributions made by the University to the Faculty Retirement Plan or any elements of the Minnesota State Retirement System (MSRS).
You can find more details on the transition on the Office of Human Resources site where you can look up what will change based on retirement plan or by the investment provider. If you are in the FRP, ORP, or the 457 Plan, you will receive more detailed information in January from the University about actions you will need to make during the transition.
Plan Specialists can also provide all account information and perform transactions. Call 651-665-3670 or 1-800-421-3334 for account assistance.