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Automatic Increase Program - Frequently Asked Questions
I’m contributing to TIAA only. Why do I have to elect through Fidelity?
In January 2016, DePaul launched the NetBenefits Retirement site for the 403(b) Plan, managed by Fidelity as the Plan’s master record keeper. The NetBenefits portal enables participants to enroll in the 403(b) Plan, change contribution amounts, change Automatic Increase Program elections, and alter allocation elections between the two retirement providers (Fidelity and TIAA). For changes to investment funds, taking loans/withdrawals, beneficiary designations for TIAA balances, participants continue to use the TIAA website (www.tiaa.org).
Will my increased deferral be allocated to Fidelity or TIAA?
Your contributions and any applicable match will be allocated according to your election on file in NetBenefits. The Automatic Increase Program does not change your investment allocations or your designated election to Fidelity and/or TIAA. For example, if you previously elected to have your contributions sent to TIAA, you will still continue to have your contributions sent to TIAA until you make a change through the “RETIREMENT PROVIDERS” section in NetBenefits: