The University's Retirement Plan Governance Committee has monitored the unprecedented and continued market volatility that began in recent weeks due to concerns regarding COVID-19 and other market developments. As you know, the University of Minnesota had planned to transition the recordkeeping services of Faculty Retirement Plan and voluntary retirement plans to Fidelity on April 1, 2020, but, given this financial market uncertainty and the understanding that faculty are busy making alternate arrangements for teaching this semester, the Committee has decided to delay the transition until June 12, 2020. This means that there will be no blackout period between March 20 and April 13, nor will there be a day out of market for the April 1 transition. Therefore, you can continue to access your account at Securian. Please refer to the University's retirement plan transition website for the latest information.
Plan Specialists can also provide all account information and perform transactions. Call 651-665-3670 or 1-800-421-3334 for account assistance.