To assist employees in planning for retirement, the college has established a defined contribution retirement plan. After one year of service, the college contributes an amount equal to 8% of an employee’s base compensation to an account in the employee’s name. In addition there is also an opportunity for an employee to make additional contributions and to manage their own investments. Full details are found in the plan documents listed below.
A financial advisor will be available to meet with employees who are interested in:
· Reviewing any questions pertaining to the Alma retirement plan and their retirement account.
· Going through Millennium’s financial planning process offered to all employees.
· Reviewing and updating a financial plan that has previously been created for you.
· Retaining Millennium for professional fee-based asset management of their retirement plan account(s).
If you would like to schedule an appointment to discuss your TIAA retirement account or go through Millennium’s financial planning process, please click here to schedule an appointment. You will receive an email confirming your appointment time.
You may also contact our Scheduling Team at 877-435-2489, option 1 or via email at email@example.com to schedule time to meet or speak with an advisor.
Millennium Advisory Services is a registered investment advisory firm that specializes in working with higher education institutions and their employees, providing education and advice services to retirement plan participants.
All Alma employees are offered the opportunity to meet privately with an advisor to go through Millennium’s financial planning process and receive a personalized financial plan. This goal-based financial planning process is intended to help provide guidance on issues such as how much you should be saving for retirement, how your retirement account should be invested, and whether you are on track to reach your personal retirement goals. Spouses/significant others are encouraged to participate as well.