Niagara University, Lewiston, N.Y., will introduce a new investment lineup for its 403(b) plan on Aug. 1, according to announcements on the retirement plan's website.
The new lineup follows the hiring of TIAA-CREF as sole provider. AXA Equitable Life Insurance previously also was a provider.
The plan will have 17 stand-alone investment options as well as a series of lifecycle funds.
As part of the transition, 22 TIAA-CREF options were eliminated and will be mapped to new funds. The previous TIAA-CREF platform only had proprietary funds.
The number of options on the AXA Equitable platform, and whether any of them remain in the new lineup, could not be learned by press time.
The only TIAA-CREF options on the new menu are individual funds for money market, real estate and equity. There also are two Vanguard bond funds, as well as bond funds managed by Metropolitan West Asset Management and Legg Mason.
The equity managers are Vanguard, T. Rowe Price, Diamond Hill Capital Management, Eaton Vance Asset Management, Harbor Funds, MFS Investment Management and Schroder Investment Management. There are three Vanguard options and two managed by T. Rowe Price.
The 403(b) plan had about $72 million in assets, as of Dec. 31, 2011, according to its most recent Form 5500 filing.
Robert Pfeil, director of human resources, did not return a telephone call by press time for additional information.
