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Defined contribution

Yale makes changes to retirement plans

Yale University, New Haven, Conn., announced changes to its retirement plans.

Participants in the university's retirement account plan, tax-deferred 403(b) savings plan, matching retirement plan and 457(b) deferred compensation plan have been automatically enrolled in Yale's new Target-Date Plus Service.

Participants may opt out of the Yale Target-Date Plus Service and select their own investment strategy using the new investment lineup, which consists of 11 funds. The lineup includes: Vanguard Group's total stock market index, developed markets index, emerging markets index, real estate index, inflation-protected securities, total bond market index and federal money market funds. It also includes TIAA-CREF's global equities, real estate, traditional RC/RCP and social choice accounts.