Administration for the UU Organizations Retirement Plan
Effective November 1, 2010, financial administration of the Unitarian Universalist (UU) Organizations Retirement Plan is by TIAA-CREF (Teachers Insurance and Annuity Association-College Retirement Equities Fund)—the largest provider of retirement services to nonprofit organizations. With the assistance of an independent financial advisory firm, Fiduciary Investment Advisors, we offer 29 funds for plan participants to choose from. All accounts are valued daily after the close of the financial markets, and participants receive quarterly statements from TIAA-CREF. Account information is also available any time through an online portal or by phone. As of November 2010, the Plan had approximately $180 million in invested funds.
The Unitarian Universalist Association (UUA) Office of Church Staff Finances handles enrollments and withdrawals, provides general information for some 2800 participants in the Association's 401(a) qualified retirement plan, and works with the Treasurer and others to review the provisions of the Plan and investment performance. The UUA Board has designated the UUA Compensation, Benefits and Pension Committee to provide plan oversight and to recommend changes in policies or management. The UUA Treasurer is the Plan Administrator while Joyce Stewart (ocsf @ uua.org), of the Office of Church Staff Finances, is the Plan Director.
This work is made possible by the generosity of individual donors and congregations. Please consider making a donation today.
Last updated on Thursday, August 18, 2011.
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