Northeastern University, Boston, is introducing a new investment fund lineup for its 403(b) defined contribution retirement plan, according to an open letter from the university's human resources department.
Effective Dec. 2, the plan will feature 20 funds in provider TIAA-CREF's lineup, 16 funds in provider Fidelity's lineup and target-date funds from both managers. Non-proprietary funds will also supplement the lineup.
The new funds are the Vanguard Inflation Protected Bond, Templeton Global Bond, MFS Value, Goldman Sachs Small Cap Value, Eagle Small Cap Growth, American Funds EuroPacific Growth and DFA Emerging Markets Core Equity funds. A self-directed brokerage option also will be available.
The assets size of the 403(b) plan could not be learned by press time. Calls to university spokeswoman Stacy Saravo were not returned at press time.
Additional details can be found on the university's website.