Quarterly Statements

The statements you receive each quarter from TIAA and or Fidelity Investments reflect activity on your account that occurred during the time period it covers. This includes deposits of your payroll contributions and any transfers you made among the investment funds.

Note that the statements do not reflect deductions from your paychecks that were issued and dated during that same time period.  All payroll deductions are sent to TIAA and Fidelity on the first of the following month after the deductions were taken from your paychecks.  For example, a quarterly statement showing an April 1 deposit actually represents deductions taken from your paychecks issued during March.  A quarterly statement dated “April 1 - June 30” reflects deductions taken from your March, April and May paychecks that were received on April 1, May 1, and June 1.  December or year-end contributions are reflected in the following 1/1-3/31 quarterly statement.  

Review your vendor allocations in Wolverine Access and reconcile your statement to your pay stubs. If you think there may be a discrepancy, download, print and complete the Pay Stub/Quarterly Statement Reconciliation Worksheet.

Reconciling Your Paychecks and Your Quarterly Statements

If your pay stub amounts don’t match your quarterly statement amounts:

  1. Confirm that you are looking at the correct pay stubs. Remember you cannot use the pay stubs dated for the exact same months as the statements.
  2. Make sure that if you contribute to both TIAA and Fidelity under the Basic Retirement Plan you are crediting the correct percentage of each month’s deduction to each company according to your allocation split, taking into account any recent changes you may have made.
  3. If you are paid bi-weekly, some months will have three pay periods instead of the usual two. This will mean the amount of your deductions will be higher for that one month.
  4. If you just enrolled in the retirement plan for the first time, confirm the date your participation began and when the first deduction really occurred.
  5. If you have made changes to your 403(b) SRA or 457(b) contribution amount, the change will appear in the report period for the following month.  For example, if you increased your $200 403(b) SRA to $300 effective in the May paycheck the first new $300 contribution taken in your May pay will be reported as being received on June 1 by the investment company, not in May.

Paycheck and Quarterly Statement Dates

The following chart can help you to correctly match your paychecks and their deductions to the quarterly statements in which they will be reported.  Quarterly statements refer to the following periods:

  • Q1 = January 1 through March 31
  • Q2 = April 1 through June 30
  • Q3 = July 1 through September 30
  • Q4 = October 1 through December 31
Month of Paycheck and Deductions Deductions Received by TIAA and Fidelity Quarterly Statement
Paycheck and Quarterly Statement Dates
September October 1 Q4
October November 1 Q4
November December 1 Q4
December January 1 Q1
January February 1 Q1
February March 1 Q1
March April 1 Q2
April May 1 Q2
May June 1 Q2
June July 1 Q3
July August 1 Q3
August September 1 Q3