One of the most important benefits offered by Randolph-Macon is the Randolph-Macon
College 403(b) Retirement Plan. TIAA-CREF is the College’s retirement account carrier.
Randolph-Macon’s retirement plan offers a wide array of investment options, allowing
you the opportunity to diversify your portfolio and make choices that best fit your
personal needs in order to help you be better prepared for retirement. Randolph-Macon
will match employee contributions up to 5% at a rate of 180% once eligibility requirements
The following options are available to help guide you as you make important decisions
regarding your investment options:
1) You can do it yourself: Choose your own investments from the menu
and design your preferred asset allocation.
2) TIAA-CREF: You can get investment advice through TIAA-CREF. A TIAA-CREF
financial consultant can help you create a portfolio at no additional cost to you.
For an individual/phone counseling session call TIAA-CREF at 1-800-842-2776. For
more information regarding TIAA-CREF visit www.tiaa-cref.org.
3) Millennium Advisory Services: Investment advisors from Millennium
will meet with you on campus to develop a goals based financial plan with asset
allocation modeling based on your plan at no additional cost to you. This is an
annual opportunity. You will also have the option to retain Millennium on an ongoing
basis to professionally manage your retirement account on a fee based asset management
platform. There is no obligation to retain this service. To schedule an appointment
with a Millennium investment advisor call 804-346-1040.
Visit www.tiaa-cref.org/rmc for
information regarding the College’s retirement plan including eligibility and investment