TIAA-CREF Will Manage Retirement Plan for Georgia’s Most Populous County
NEW YORK, May 30, 2013 – TIAA-CREF announced today that it has been selected to manage the 457(b) deferred-compensation plan for Fulton County employees. Fulton County’s plan has approximately 4,200 members and more than $90 million in assets.
Fulton County previously had four separate retirement administrators. Under the new agreement, which was effective Jan. 1, TIAA-CREF becomes the sole recordkeeper for the county’s plan. TIAA-CREF’s open-architecture recordkeeping solution simplifies retirement plan oversight, lowers plan administration costs and provides plan members with an efficient way to manage their retirement savings.
The solution also streamlines plan enrollment, manages employee contributions and gives Fulton County employees a comprehensive view of all the assets in their retirement plans. Fulton County employees also will have access to TIAA-CREF financial advisors, who provide personalized retirement advice tailored to individual goals at varying life stages. TIAA-CREF’s financial advice services are offered on site, over the phone and via the Web.
TIAA-CREF (www.tiaa-cref.org) is a national financial services organization with $520 billion in assets under management (as of 3/31/2013) and is the leading provider of retirement services in the academic, research, medical, governmental and cultural fields.
TIAA-CREF products may be subject to market and other risk factors. See the applicable product literature, or visit www.tiaa-cref.org for details.
About Fulton County
Fulton County is a county located in the state of Georgia. Its county seat is Atlanta, which has been the state capital since 1868. Ninety percent of the city of Atlanta is within Fulton County, making it the principal county of the Atlanta metropolitan area.
TIAA-CREF Individual & Institutional Services, LLC, and Teachers Personal Investors Services, Inc., members FINRA, distribute securities products. Annuity contracts and certificates are issued by Teachers Insurance and Annuity Association (TIAA) and College Retirement Equities Fund (CREF), New York, NY.