Wednesday, May 1, 2024 - 02:00 pm Categories:
Board Updates

At the North Dakota Public Employees Retirement System (NDPERS), we are committed to helping you achieve your retirement goals. After a thorough Request for Proposal process, we’re pleased to announce that the NDPERS Deferred Compensation 457(b) Companion Plan and the NDPERS Defined Contribution 401(a) Plan will be moving from TIAA to Empower effective July 1, 2024.

About Empower

Empower serves over 82,000 plans and more than 18 million individuals. They take great pride in helping people reach saving and investing goals by providing helpful tools, support, and resources.

The transition to Empower brings advantages for you!

See your complete financial picture – Link outside accounts to get a holistic view of your assets, spending, and debt as well as their impact on your net worth. Plus, access tools designed to help you track, manage, and plan your finances.

Personalized guidance just for you – Receive actionable information and access straightforward solutions that can help you with your financial goals. 

Automatic account transfer – Your TIAA account, investments, contribution rates, and distribution arrangements will automatically transfer from TIAA to Empower.

More information coming soon

If you are currently participating in the NDPERS Deferred Compensation 457(b) Companion Plan or the NDPERS Defined Contribution 401(a) Plan (or are eligible to enroll), additional information explaining everything you need to know about the transition will be sent directly to you in May 2024.

We are excited about the transition and confident you’ll be pleased with your enhanced retirement plan experience!