Never miss a story — sign up for PLANSPONSOR newsletters to keep up on the latest retirement plan benefits news.
Benefits August 18, 2009
TIAA-CREF Wins State of Iowa Business
August 18, 2009 (PLANSPONSOR.com) - TIAA-CREF was
selected, along with four other providers, for the Iowa
Department of Administrative Services Statewide 457(b) and
401(a) Plans.
Reported by
Rebecca Moore
According to the company, there are 24,000 eligible employees for the two plans.
In addition, TIAA-CREF has been retained as a provider under the Iowa Statewide 403(b) Plan (with 80,000 eligible employees) for which it has been a provider since late 2008. Assets under all three plans are in excess of $500 million, the company said.
TIAA-CREF is a provider of retirement services in the academic, research, medical, and cultural fields with $374 billion in combined assets under management as of 6/30/09.
You Might Also Like:
As CIT Adoption Surges, Retirement Industry Races to Modernize
Operational bottlenecks are drawing renewed scrutiny as Congress considers opening the $1 trillion 403(b) market to collective investment trusts.
30 Retirement CEOs Back Senate Bill Permitting CITs in 403(b)s
The legislation has stalled in the Senate, as other policy priorities loom before the August recess and midterm elections.
SIFMA Coalition Urges Senate to Advance CIT, E-Delivery Bills
According to the trade groups, the legislation should anchor a Senate package aimed at both strengthening capital formation and protecting...
« Ohio Pension Fund Settles with Ex-AIG CEO Greenberg for $115M
