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Retirement plan core investment menu update

MSU reviews the investment options available through the 403(b) Retirement Plan and the 457(b) Deferred Compensation Plan accounts to make sure we continue to help MSU employees meet their financial goals and investment objectives. As a result, we have the following update to the core investment menu options that will be effective in October 2017:

TIAA Core Investment Menu

The IronBridge SMID Cap Fund, which is categorized as a Small/Mid Cap Stock Fund in our core investment menu, will be replaced by the Boston Trust SMID Cap Fund.  Through the ongoing review process, it was determined that the IronBridge SMID Cap Fund has not met the expectations, including the performance of the fund in the short-term and long-term as compared to its benchmark index, along with other review criteria.  We have determined, through the assistance of our external investment consultant, that the Boston Trust SMID Cap Fund is a better match for our core investment menu.

Participants of the MSU 403(b) Retirement Plan and the MSU 457(b) Deferred Compensation Plan at TIAA will receive a communication in September from TIAA with more detail about this change that will take place in October.