NEW YORK, Aug. 15, 2013 – TIAA-CREF today announced that Lakeland, Fla. has selected the financial services organization to be the sole recordkeeper of its 457(b) deferred compensation plan and 401(a) defined contribution plan. Lakeland is a city in Polk County, Fla., between Tampa and Orlando with more than 97,000 residents.
Under the agreement, retirement fund options will be administered by TIAA-CREF. The plan contains approximately $71.5 million in assets for approximately 2,200 plan members.
Lakeland employees will have access to personalized retirement advice, including access to fiduciary advice services through independent advisors participating in the TIAA-CREF Advisor Network. In addition the updated plan includes new investment options that encompass a wide number of asset classes and funds and an interactive, customized website.
“TIAA-CREF values the opportunity to support the city of Lakeland and help its employees and citizens plan for a secure retirement and lifelong financial well-being,” said Rod Crane, senior director, government markets for TIAA-CREF.
TIAA-CREF (www.tiaa-cref.org) is a national financial services organization with $523 billion in assets under management (as of 6/30/2013) and is the leading provider of retirement services in the academic, research, medical, governmental and cultural fields.
You should consider the investment objectives, risks, charges and expenses carefully before investing. Please call 877-518-9161 or log on to www.tiaa-cref.org, for product and fund prospectuses that contain this and other information. Please read the prospectuses carefully before investing.
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Annuity contracts and certificates are issued by Teachers Insurance and Annuity Association of America (TIAA) and College Retirement Equities Fund (CREF), New York, NY.
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©2013 Teachers Insurance and Annuity Association-College Retirement Equities Fund, New York, NY 10017