Upcoming Meetings

Location: NEL Building, 905 Asp Ave, Room 215, Norman

Time: 9-11am

  • November 13, 2015

Retirement Plans Management Commitee

President Boren created the OU Retirement Plans Management Committee (RPMC) in 2008 to help ensure the university’s retirement plans are managed in the best interest of plan participants and in compliance with applicable regulations.

Chris KuwitzkyChris Kuwitzky, Associate Vice President for Administration and Finance and Chief Financial Officer, Norman Campus, RPMC Chair
Chris Kuwitzky, CPA, is a 1983 graduate of the University of Oklahoma. He has served the University since 1988 in various financial and administrative capacities. Currently, as Associate Vice President and Chief Financial Officer, Administration and Finance, he has oversight of all University financial matters and direct administrative oversight of the Controller’s area, Real Estate Operations, Contract Administration, and the Jimmie Austin OU Golf Club.


Michael FergusonMichael Ferguson, Associate Dean for Finance & Administration, College of Dentistry, Health Sciences Center
Michael Ferguson, CPA, CGMA, is a graduate of East Central University in Ada, Okla. He joined the University of Oklahoma in 2001, serving in positions within Administrative Affairs on both the Norman and HSC campuses.  In 2003, he accepted a position at OU Physicians on the Health Science Center campus as the Director of Finance. Since 2008, he has served as the Associate Dean for Finance and Administrative Affairs at the OU College of Dentistry where he has financial oversight of a $25 million annual budget and administrative oversight of facilities, human resources, and information technology.

Terry HensonTerry Henson, Associate Vice President for Administration and Finance and Chief Financial Officer – Health Sciences Center
Terry Henson currently serves the University of Oklahoma Health Sciences Center as the Associate Vice President for Administration and Finance and Chief Financial Officer. She has direct oversight of institution-wide financial services including general accounting and financial reporting, grants & contracts accounting, asset management, capital finance, bursar, financial aid, and payroll.

Terry joined the university in 1983 and has held various positions in internal auditing and administration and finance. Before this time, she worked in public accounting. Terry served two terms as director and currently chairs the audit committee for the Higher Education Users Group, Inc., a not-for-profit, independent Oracle customer user group. She is an active member and past President of the Oklahoma Association of College and University Business Officers, a former trustee and officer for the Mid-Del Public Schools Foundation, and sustaining member and past President of the Junior Service League of Midwest City.
 
Terry received a Bachelor of Arts in Business Administration from Union University and a Master of Public Health in Health Administration & Policy from the University of Oklahoma. She is a Certified Public Accountant and member of the American Institute of Public Accountants and Oklahoma Society of CPAs.

Chris Ramseyer, PhD, PE, Associate Professor and Director of Donald G. Fears Structural Engineering Laboratory, Civil Engineering and Environmental Science, Norman Campus
Dr. Ramseyer is an OU alumnus and has been an OU professor since 2006. His teaching and mentoring have encouraged many of his students to pursue advanced degrees and two of his students have received NSF Graduate Research Fellowships. He received the CEES George W. Tauxe Outstanding Professor Award in 2004 & 2011 and the College of Engineering Alumni Teaching Award in 2007. 

Dr. Ramseyer has personal credit for over $2 million dollars in research and over $1.1 million dollars in donations to support research. Chris has been involved in 39 funded projects and has been the Principle Investigator for 31 of these. His structural research interests include rehabilitation and repair of pavement and bridges. He is a leading researcher of the engineering properties of Calcium SulphoAluminate cements.

Dr. Ramseyer is a Licensed Professional Engineer and has served on several committees to improve building standards across OK. Dr. Ramseyer led the team that developed the City of Moore enhanced building code for tornadoes. He is the lead structural engineer for the award winning SkyDance Bridge in Oklahoma City.

Robert Kerr, PhD, Professor, Media Law & History
Professor Kerr received his doctorate from the University of North Carolina at Chapel Hill, his M.A. from the University of Oklahoma, and his B.A. from Southern Arkansas University. He joined the University of Oklahoma faculty in 2002.

Students have twice voted him recipient of the Gaylord College Teaching Award. He was the most honored participant over the first decade of the twenty-first century in national research competitions of the Association for Education in Journalism and Mass Communication, and has received the National Communication Association’s Franklyn S. Haiman Award for Distinguished Scholarship in Freedom of Expression. He has been honored by OU with a Presidential Professorship and a Gaylord Professorship. His books include The Corporate Free-Speech Movement: Cognitive Feudalism and the Endangered Marketplace of Ideas and How Postmodernism Explains Football, and Football Explains Postmodernism

Ninette Carter, Vice President for Business and Finance, Cameron University
Ninette Carter, CPA, is responsible for the development and oversight of all fiscal planning, policies and regulations; the administration of all institutional funds; and the cost-effective planning and operation of major administrative functions. She provides supervision for numerous departments, including finance and accounting, human resources, purchasing and contracts, public safety, and auxiliary enterprises related to administrative functions.  Carter graduated from Cameron University in 1991 and joined the university’s staff in 1992. She has served the University in various roles and was named Vice President for Business and Finance in 2015.

Tom Volturo, Rogers State University
Thomas Volturo is responsible for a variety of business functions for the university, including accounting, auditing, budgeting, fiscal management, and human resources.  Previously, Volturo served as Assistant State Auditor and Inspector for the Oklahoma State Auditor and Inspector’s Office; Director of Internal Audits for the Board of Regents of Oklahoma Colleges; Assistant Director of the State Auditor and Inspector’s Office; and Systems Analyst for Tulsa County Data Processing;. Tom also held several positions at the State Examiner and Inspector’s Office.  Tom received a bachelor of science degree in business administration from Oklahoma State University and an associate degree in business from St. Gregory’s College.

President Boren created the OU Retirement Plans Management Committee (RPMC) in 2008 to help ensure the university’s retirement plans are managed in the best interest of plan participants and in compliance with applicable regulations.This committee consists of members with financial, human resources, and investment experience and expertise. Chris Kuwitzky, Associate Vice President for Administration and Finance and Chief Financial Officer serves as Chair of the committee. Click on the "Members" tab to review the other committee members. 

The RPMC provides stewardship for the retirement savings programs sponsored by the university including the 401(a) Defined Contribution Plan (DCP), the 401(a) Optional Retirement Plan (ORP), and the 403(b) and 457(b) voluntary savings plans. The Oklahoma Teachers’ Retirement System is sponsored by the State of Oklahoma and is not affected by Committee recommendations. 

Duties of the Committee include:

  • Completing a competitive bid process to select a record keeper company for recommendation to the OU Board of Regents in 2010,
  • Understanding administrative and investment fees paid from plan assets, including those charged directly to participants and making sure they are at the lowest reasonable levels,
  • Using appropriate due diligence in the selection of vendors and investment options and in the implementation of contractual service arrangements,
  • Ensuring that the plans provide appropriate benefits and services at reasonable cost to participants,
  • Making sure participants understand the benefits of participation, and encouraging participants to increase savings rates and investment diversification.

The RPMC is supported by the investment consultants at Callan Associates and by the OU Benefits Counsel from McAfee & Taft .

Learn More About the RPMC from Chris Kuwitzky, Chair of the RPMC

Trouble seeing the video below? Click here to view the video on the OU MyMedia site. 

Record Keeper and Consolidated Fund Line-up

Improvements recommended by the RPMC in 2010 remain in place and relevant today. These improvements had two main purposes. The first was to meet new federal regulations for retirement plans offered by public sector plan sponsors like OU. The RPMC believes compliance with these new and emerging regulations continues to be achieved, and at the lowest possible cost to participants, through a single administrative record keeper structure like the one approved by the OU Regents on March 24, 2011.

The second and more important goal for all of us, was to identify changes that will allow us to increase our savings for retirement. Having a single record keeper reduces expenses associated with investing and simplifies retirement savings decisions for the 10,000 OU employees that participate in the retirement savings plans. 

Overview of Plan Structure:

  • Fidelity Investments provides record keeping services for all of OU’s defined contribution plans. Fidelity is one of the country’s largest providers of investment services to public and private retirement plans and provides state-of-the art services to plan participants. A record keeper monitors the transactions in employee retirement accounts and ensures that they happen in a timely and accurate manner. A record keeper also provides reporting and any other administrative tasks related to an account. Fidelity replaced the multiple vendors that were providing record keeping services previously.
  • Participants have the ability to direct their investments to a variety of different fund options and companies. Investment choices are organized in a four tier structure with options that fit a range of participant investment styles from professionally guided options to a self-directed brokerage window. Learn more about the investment options here. This simplified investment line-up is an additional benefit of having a single record keeper. 
  • The RPMC, with the support of professional investment consultants, selects and actively monitors the funds offered through the plans.
  • Participants have the flexibility to keep existing money in current TIAA-CREF investment funds or to transfer to new investment options. A TIAA-CREF Traditional Annuity Option remains available.
  • Overall administrative fees are kept low and a transparent fee structure for retirement investments is provided.
  • Participants have access to personal financial assistance to help them make informed investment decisions. 
  • Participants receive one consolidated statement listing all their investments that are recordkept by Fidelity. If participants have investments with TIAA-CREF, they receive a separate statement from TIAA-CREF.

Fund Updates

March 2014

Tier 3: Wells Fargo Advantage Discovery Fund Institutional Class (WFDSX) replaced the Dreyfus/The Boston Company Small/Mid Cap Growth Fund Class 1 (SDSCX).

August 2014 

Tier 1: Target Retirement Date Funds were changed from the Fidelity Freedom K® Funds to the American Funds Target Date Retirement Funds Class R6 Series. 

Tier 2: Index Funds, Fidelity Freedom® Index ‐ Class W Funds, were also replaced by the American Funds Target Date Retirement Funds Class R6 Series.