Alternative Retirement Plan (ARP)

All full-time faculty, classified and unclassified staff members who are appointed to work at least 75% Annual Full-time Equivalency (FTE) are eligible to enroll in the Alternative Retirement Plan (ARP). Eligible faculty and staff members select and establish an ARP account with one of seven approved ARP vendors. Enrollment in the ARP must be indicated within the first 120 days of eligible employment. ARP enrollment takes place of participation in the State Teachers Retirement System of Ohio (STRS) or the Ohio Public Employees Retirement System (OPERS).

The Alternative Retirement Plan is a defined contribution retirement plan. An employee’s retirement benefit is determined by the amount of money, including investment earnings, which accumulates in the ARP account.

What are the ARP contributions?
An ARP participant and Wright State University is required to contribute the same amount under the ARP as they would to the state retirement system (OPERS or STRS).

                            Employee                             WSU
OPERS             10% of salary                   14%* of salary
STRS                14% of salary                   14%* of salary

Ohio Revised Code Section 3305.06 requires, when an ARP is chosen, that a portion of the employer contribution be sent to the state system (OPERS or STRS) to “mitigate” (lessen) any negative financial impact of the ARP on the state system.

*Mitigating Fees:          

ARP-OPERS      2.44%, meaning 11.56% of WSU’s contribution goes to your ARP
ARP-STRS         4.47%, meaning 9.53% of WSU’s contribution goes to your ARP

Vesting and Retirement

You are immediately vested in both your employee and Wright State University contributions to your ARP account. Should you leave Wright State for any reason at any time, the full balance is available to you for a withdrawal or rollover to an IRA or another employer qualified account.  Please consider all IRS tax laws when making a decision regarding a distribution or rollover from your ARP Account. 

Retirement occurs when you leave Wright State at age 59 ½ or later, regardless of your years of service.

Changing ARP Vendors

Once selected, ARP participants are eligible to change ARP vendors to another Wright State approved ARP vendor at any time. Participants can change vendors via an ARP Vendor Change Form (PDF). It is the responsibility of the ARP participant to contact the selected vendor to open an account prior to submitting the form. It is also the participant's responsibility to arrange any desired transfer of existing account balances between the vendors. Forms will be processed based upon receipt in Human Resources and payroll deadlines.

ARP – Changes to Mitigating Rate Effective July 1, 2017 (PDF) – Emailed April 11, 2017

ARP Vendors

Listed below are the ARP vendors currently available to eligible faculty and staff members.

AXA

4000 Smith Rd., Suite 300
Cincinnati, OH 45206
(513) 762-7734 or (800) 551-2423
https://us.axa.com/home.html

Representative: Glynnis Reinhart
(513) 382-5865

Representative: Ed Buffington
(937) 367-6600

Plan ID# 652523

Fidelity Investments

Representative: Don Harvey
(513) 760-8472

100 Magellan Way KW22
Covington, KY 41015

Open an ARP Account online at https://nbacctopen.fidelity.com/

Use Plan ID #22306

Lincoln National Life Insurance Company

Representative: Lenardo Colvin
(513) 251-1452 or (866) 956-1189
P.O. Box 141124
Cincinnati, OH 45250
(800) 454-6265
www.lincolnfinancial.com

Plan ID#: CR31549

Nationwide Life Insurance Company

Vantage Point Financial Services, LLC.

329 Regency Ridge Drive
Centerville, OH 45459
(937) 432-1111
www.vantagepointadvisor.com

Representative: Mark Black, CFP®
(937) 272-4899

TIAA-CREF

485 Metro Place South, Suite 450
Dublin, OH 43017
(877) 277-6446
www.tiaa-cref.org/wright

Representative: Randy Martinez
(614) 659-1025

Representative: Laura Maxwell
Cincinnati, OH
(513) 263-2825
(877) 209-3138 xt 25-2825

Plan ID# 103346  

VALIC

8050 N. High St.
Columbus, OH 43235
(800) 448-2542
www.valic.com/ohiohighered

Representative: Carrie Cummings
(937) 542-2936

Plan ID# WSUARP

Voya Insurance and Annuity Company (formerly ING)

10100 Innovation Drive
Suite 120
Miamisburg, OH 45342
www.voya.com
www.voyaretirementplans.com

Representative: Brian Link, CRPC®
(937) 353-5490
BrianLink@voyafa.com

Representative: Laurel Link
(937) 353-5491
LaurelLink@voyafa.com

Representative: Jeffrey Rankin
(937) 353-5492
JeffreyRankin@voyafa.com

Representative: Donnie Bell
(937) 353-5495 or (800) 451-4702 Ext. 4025495
donnie.bell@voyafa.com

Plan ID# VF2233