What criteria will the UUA Retirement Plan Committee use to select a new recordkeeper?

    The UUA is committed to finding a new recordkeeper of our retirement plan that has: 

    • A proven track record in administering multiple employer church Plans (this is extremely important as it was of the main reason why TIAA was not able to adequately serve our Plan);  

    • The capacity to record-keep a diverse investment menu for our plan participants; 

    • A responsive customer service program offering both call centers and on-line services;  

    • A full-range of financial education programs for plan participants; 

    • A commitment to Environment, Social, and Governance goals that are consistent with our faith-based values; and 

    • A fee structure that is reasonable. 

    The transition to a new recordkeeper provides us with many opportunities to significantly improve the administration of our Plan for all parties - the UUA Retirement Plan Staff, the over 600 participating UU employers in the Plan and, of course, the Plan participants. This benefit cannot be overstated. Although there is much work ahead to enact a smooth transition, we are confident we will be able to provide a much improved experience for employers and participants alike. 
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