Under the new agreement, funds previously managed across several different providers will now be managed by TIAA-CREF. As sole recordkeeper for the plans, including the 403(b) and 401(a) defined contribution and 457(b) deferred compensation plans, TIAA-CREF will provide access to investment choices from outside money managers as well as TIAA-CREF products.
As part of the partnership agreement, TUHS plan participants will receive the following services:
- An advice platform which provides objective, personalized retirement planning tailored to each individual’s goals at varying life stages;
- An interactive customized website where employees can go to receive plan details, account information and schedule appointments with TIAA-CREF advisers; and
- New fund options and access to TIAA-CREF retirement planning services.
“After a rigorous process, we selected TIAA-CREF as the new provider based on their ability to offer our employees high-quality, low-cost investment options,” said Paul Csigi, Director, Benefits and Pension Administration for TUHS, in the announcement.
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