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  • As we all continue to navigate these times of uncertainty, your health, financial security, safety and well-being are our top priorities. We know the impact of the stock market fluctuations on your account balance is unsettling. Try not to panic, although we understand that is easier said than done. Over time, history has shown that staying invested and keeping a long-time perspective can be beneficial for many people.

Market volatility - Keep calm and stay focused on the long term

  • The stock market has experienced turbulence over the past few days due to the Coronavirus outbreak. Market volatility could continue throughout 2020 due to that and other economic and political factors. As someone who is saving for retirement, it is important to remember that your retirement plan is a long-term investment and you should keep a long-term perspective. Investors in a well-diversified portfolio that is sensible for their investment goals and risk tolerance should generally avoid making changes to their investment approach due to short-term market events. Watch this video to learn more.

Neither asset allocation nor diversification guarantee against loss. They are methods used to manage risk.


Retirement plan transition delayed

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.

Office of Human Resources

Employee benefits website


Plan Specialists can also provide all account information and perform transactions. Call 651-665-3670 or 1-800-421-3334 for account assistance.