ORP/TDA Changes

Important Notice: Changes to ORP/TDA Vendors

TSUS, in collaboration with CAPTRUST, selected TIAA as the lead recordkeeper & consolidated to 4 vendors (CoreBridge, Fidelity, TIAA, VOYA). American Funds, Lincoln Investment Planning, Inc, & Pentegra will no longer be offered. We are discouraging employees from enrolling in these plans as they'll have to move their funds out later. No action is needed from individual participants at this time, but expect action items in the upcoming months.

Active Vendors

View a list of approved ORP vendors.

Q&A Session

Watch a recording of our virtual Q&A session about changes to the ORP & TDA plans.

Help

If you have any follow-up questions please reach out to the Human Resources Benefits team at 5.2557 or hrbenefits@txstate.edu.

Expand FAQ List

FAQs for ORP/TDA change
- What is changing?
  
  The ORP and TDA plans will be consolidating down to 4 vendors: TIAA, VOYA, CoreBridge, and Fidelity in the Spring of 2025.
- What if my ORP or TDA account is not with one of the 4 vendors?
  
  You will need to open an account with one of the 4 vendors in order to defer any new retirement contributions.
- My retirement plan is with TRS. How will this impact me?
  
  If your retirement plan is with TRS, you will not be impacted. This change only affects those who participate in the ORP or TDA retirement programs.
- Will this change impact my Texa$aver account?
  
  This change will not impact participants in the Texa$aver program.
- Will any of the retirement vendors be grandfathered?
  
  Following the transition, Texas State University will only offer participation for the ORP and TDA programs with the 4 vendors. Existing investments may remain with the prior vendor, however new contributions will not be sent.
- Why was this change made?
  
  This change was initiated through the Texas State University System (TSUS) to align the ORP and TDA programs amongst all member institutions; centralize oversight of the vendor investment offerings; establish a lead recordkeeper to streamline compliance; reduce participant fees; and provide all plan participants with access to non-biased investment advice from certified financial planners.
- What will happen with the investments I have with a vendor that will no longer be offered?
  
  You may choose to leave your investments with the non-participating vendor; however, all new contributions will need to be directed to one of the four participating vendors.
- I’m retired and my retirement account is not with one of the four selected vendors. Is there anything I need to do?
  
  This change does not impact retirees.
- Will all of my investments transfer over from one vendor to the other?
  
  The transition process will include mapping of the investments from the prior vendor to one of the four vendors, however not all investments may be mappable. If this situation applies to you, you will be made aware and options will be discussed with you at a 1:1 meeting with a CAPTRUST financial planner.
- Will I still be able to get investment advice from the vendor representative that I’ve been working with over the years?
  
  If you choose to leave your investments with the prior vendor, you may continue to work with the representative to manage those investments. For all new (or transferred) investments, you will be assigned to a CAPTRUST financial planner for individual advice.
- How and when do I select a new vendor?
  
  Starting Spring 2025, you will be sent detailed instructions on selecting a new vendor. A full transition guide will be published on the website for reference.
- What are the advantages of moving my prior investments to one of the new vendors?
  
  The new vendor offerings allow us to offer lower participant fees; provide you with 1:1 financial advice from a certified financial planner that is non-commission based; and improve the quality of the plan offerings through active monitoring of investment performance.