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.
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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.

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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.

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