Hamilton College Pares Down to One 403(b) Provider

March 15, 2013 (PLANSPONSOR.com) – Hamilton College in Clinton, New York, has pared down to one 403(b) provider.

Under the new agreement, funds previously managed by two different providers will now be managed by TIAA-CREF. The sole recordkeeping solution streamlines plan enrollment, manages employee contributions and tracks transactions related to loans and withdrawals, giving Hamilton more visibility into its plan’s management and accounting.   

By moving to a sole recordkeeping model, Hamilton can also provide its employees with a comprehensive view of all the assets in their retirement plan, which may help employees make better decisions regarding their investment mix, risk profile and portfolio rebalancing.   

Hamilton’s employees will have access to TIAA-CREF financial advisers, who provide personalized retirement advice tailored to individual goals at varying life stages.  

Hamilton College’s 403(b) defined contribution retirement plan has 720 active participants and approximately $150 million in assets.