October is Open Enrollment
Participants in the Optional Retirement Plan for Higher Education (ORPHE) may change providers during Open Enrollment between October 1 and October 31.
The two providers available are Fidelity Investments and TIAA-CREF. Administrative and investment fees vary between the two providers. Participants should read the Open Enrollment Notice to Participants 14kb for more detailed information.
Participants can change their provider by completing the Provider Change Form 52kb and sending it to their Human Resource Office. An enrollment form and beneficiary form also must be completed unless there is an existing ORPHE account with the provider. Changes will be effective for ORPHE contributions sent to the new provider on or after January 1 of the following year.