You may establish accounts with TIAA and/or Fidelity Investments, Inc. (i.e., the Plan’s Record Keepers) for your contributions and University matching contributions. Amounts contributed to your accounts can be invested in available investment options offered under the Plan. TIAA offers several investment options. Fidelity offers a variety of mutual funds (including a number of mutual funds that are not Fidelity funds), as well as a self-directed brokerage account through which you can invest in even more mutual funds. The Record Keepers offer different investment choices, and each investment alternative has a different degree of risk and profit potential associated with it. You can obtain a description of the investments offered by contacting the Plan Administrator or by logging on to the following websites and

You must take action to direct your investments with TIAA and/or Fidelity.  You will need to complete an application with TIAA either online or via a call in to their phone center.  You do not need to complete and application for Fidelity, but you should direct your investments online or by phone.  Fidelity and/or TIAA will then send you applicable documents whose terms and conditions will govern the investments with the chosen Record Keeper and your rights to transfer investments, to receive distributions and so forth.

You may change how you want to invest current and future contributions in accordance with the terms and conditions applicable to the relevant investments. You must arrange for any such change directly with the relevant Record Keepers. Individual annuity contracts or custodial account agreements may impose restrictions on the transfer of accumulated funds, including prohibitions against any transfer. If any of the investments impose a fee on the transfer of funds, such fee will be deducted from your account.

The Plan is intended to meet the requirements of Section 404(c) of the Employee Retirement Income Security Act of 1974, as amended. Accordingly, because you have the right to supervise and direct how your account is invested among available investment funds, Plan fiduciaries may be relieved of liability for losses, if any, that occur as a direct result of your investment instructions. RIT and Plan fiduciaries have no responsibility or duty to approve, review, or monitor the investment choices you make and are not responsible for the consequences of your investment elections.

Because you are responsible for your investment choices, it is important that you carefully select and monitor your investments. You may allocate contributions any way you choose among the investment options available through Fidelity and TIAA. If you fail to designate how you want your contributions invested, your contributions and/or account balances will be invested in the age appropriate Vanguard Target Retirement Date Series fund assuming that you plan to retire at age 65. If you are age 65 or older and fail to designate how you want your contributions invested, your contributions and/or account balances will be invested in the Vanguard Target Retirement Income Fund.

You have the flexibility to transfer investment amounts among your investment options whenever you wish, except some investments are subject to certain transfer restrictions. The type of transfer you may make is based on the type of fund in which you are investing.

For additional information on TIAA investment options, please visit,rit.

For additional information on Fidelity investment options, please visit

Diversifying Your Savings

To help achieve long-term retirement security, you should give careful consideration to the benefits of a well-balanced and diversified investment portfolio. Spreading your assets among different types of investments can help you achieve a favorable rate of return, while minimizing your overall risk of losing money. This is because market or other economic conditions that cause one category of assets, or one particular security, to perform very well often cause another asset category, or another particular security, to perform poorly. If you invest more than 20% of your retirement savings in any one industry or asset class, your savings may not be properly diversified. Although diversification is not a guarantee against loss, it is an effective strategy to help you manage investment risk.

In deciding how to invest your retirement savings, you should take into account all of your assets, including any retirement savings outside of the Plan. No single approach is right for everyone because, among other factors, individuals have different financial goals, different time horizons for meeting their goals, and different tolerances for risk. Therefore, you should understand your diversification rights and exercise these rights to affect how your money is invested under the Plan.

It is also important to periodically review your investment portfolio, your investment objectives, and the investment options under the Plan to help ensure that your retirement savings will meet your retirement goals.

Investment Statements

You will receive statements quarterly from TIAA and/or Fidelity which show the status of your accounts. These statements include the total current value of your account for the report period and current value of your account for each of your investments (including gains and losses). Your account balances under the Plan may be reduced by Plan expenses. If you notice any problems in your investment statements, you should notify the Plan Administrator immediately.