Changes Ahead

We’re updating our retirement plans so that they can best serve all JHU employees—at every stage of life’s journey. Watch our Fast Facts webinar or explore this webpage to better understand how the upcoming changes can help you prepare, save, and invest more effectively for retirement.

What's Changing

After a comprehensive two-year review of our retirement plans by the University’s Retirement Plans Investment Committee (RPIC), we’ve decided to make the following changes in 2022:

  • Use a single recordkeeper, which will be TIAA
  • Offer a streamlined investment menu of 33 funds (managed by Vanguard and others)
  • Offer one annuity, which will be TIAA Traditional
  • Offer a brokerage window for employees interested in accessing a wider variety of funds
  • Select a firm to provide free, unbiased investing advice to our employees
How Will This Impact Me?

No action is required of you at this time. These changes will occur during the summer of 2022.

To help you prepare for these changes, beginning in January 2022 we will:

  • Make the new funds available to you as investment options on all three recordkeeping platforms (TIAA, Fidelity, and Vanguard); Note: the TIAA Traditional annuity will not be available as an option until the summer of 2022.
  • Provide you with access to an independent investor.

If you have savings invested in funds that are being eliminated, and you do not choose new funds in advance of the implementation date in the summer of 2022:

  • Your retirement savings will be moved automatically to a Vanguard “target date” fund based on your date of birth.

Once we’ve completed the transition, you can move your savings to other funds in the investment menu or invest through the brokerage window—which provides you with access to several thousand funds—in addition to the funds offered in our plan. Any money you have in an existing annuity will not be moved.

Menu of New Investments

New funds menu:

Provider Fund Invests In Management Approach***
Vanguard Target Retirement Funds** U.S. and international stocks and bonds Passive
Vanguard Treasury Money Market Fund U.S. bonds Active
Vanguard Short-Term Inflation-Protected Securities Index Fund U.S. bonds Passive
Vanguard Inflation-Protected Securities Fund U.S. bonds Passive
Vanguard Short-Term Bond Index Fund U.S. bonds Passive
Vanguard Total Bond Market Index Fund U.S. bonds Passive
Vanguard Vanguard Long-Term Bond Index Fund U.S. bonds Passive
TIAA Traditional Retirement Choice/Plus Annuity Fund Fixed annuity Active
PGIM Total Return Bond Fund U.S. bonds Active
Vanguard Total International Bond Index Fund International bonds Passive
Vanguard Value Index Fund U.S. stocks Passive
Vanguard Equity Income Fund U.S. stocks Active
Vanguard Institutional Index Fund U.S. stocks Passive
Vanguard FTSE Social Index Fund U.S. stocks Passive
Vanguard PRIMECap Fund U.S. stocks Active
Vanguard Total Stock Market Index Fund U.S. stocks Passive
Vanguard Growth Index Fund U.S. stocks Passive
JPMorgan Large Cap Growth Fund U.S. stocks Active
Vanguard Mid-Cap Value Index Fund U.S. stocks Passive
MFS Mid Cap Value Fund U.S. stocks Active
Vanguard Mid Cap Index Fund U.S. stocks Passive
Vanguard Mid-Cap Growth Index Fund U.S. stocks Passive
BlackRock Mid Cap Growth Fund U.S. stocks Active
Vanguard Small Cap Value Index Fund U.S. stocks Passive
Wells Fargo Special Small Cap Value Fund U.S. stocks Active
Vanguard Small Cap Index Fund U.S. stocks Passive
Vanguard Small Cap Growth Index Fund U.S. stocks Passive
Loomis Sayles Small Cap Growth Fund U.S. stocks Active
MFS International Diversification Fund International stocks Active
Vanguard Total International Stock Market Index Fund International stocks Passive
Vanguard Developed Market Index Fund International stocks Passive
Vanguard Emerging Markets Stock Index Fund Emerging markets stocks Passive
American Century Emerging Markets Fund Emerging markets stocks Active

** Vanguard Target Date Funds count as one fund.

*** Active portfolio management focuses on outperforming the market in comparison to a specific benchmark such as the Standard & Poor’s 500 Index. A portfolio manager will choose stocks or bonds that make up the portfolio, and thus these funds typically have higher investment management fees. Passive portfolio management mimics the investment holdings of a particular index in order to achieve similar results of that index. Because there is no portfolio manager choosing stocks or bonds, these funds typically have low investment management fees.

What to Expect Next

We’ll be communicating with you frequently before the changes take effect. Here’s a timeline of when you’ll receive additional information:

November/December 2021: Notice about new funds being added

You’ll receive communications from JHU, and from each recordkeeper where you have an account, about new funds.

January 2022: New funds available for investing

You’ll receive a communication from JHU letting you know the new funds are available for you to invest.

Spring 2022: Additional resources available

You’ll receive more information about the timing of the transition date and resources to help you make decisions about where to move your savings.

Summer 2022: Welcome from TIAA and changes are implemented

You’ll receive a welcome packet from TIAA that includes your new account information. Funds eliminated from the plan will be removed as options for you. Savings you invested in funds that were eliminated will move to target-date funds based on your date of birth.

Questions And Resources

If you’d like personalized help understanding these changes, please call the Retirement Service Center at 888-200-4074, weekdays, 8 a.m. to 10 p.m. (ET). This service center is operated by TIAA and is staffed with representatives who are specifically assigned to JHU and are knowledgeable about our transition plans.

If you’d like help selecting new investments, we’ll share more information about an independent investment advisor in January 2022.

Frequently Asked Questions (FAQs)

Learn more about the upcoming changes to our retirement plans.

Learn More About Investing

Watch this short video to learn more about diversification and different types of investments.