Advisors Working with Individuals

Overview

Expanding your business in these difficult times is a challenge. But the nonprofit segment of the market offers key growth opportunities for financial advisors. As a $426 billion full-service financial services organization,* TIAA-CREF is leveraging our strength as one of the largest providers of retirement plans and services to colleges and universities by expanding our presence in the K-12, hospital and government segments of the market. TIAA-CREF can give you the support you need to serve your clients in  

Expanded Institutional Eligibility

Under the expanded eligibility criteria, we now provide our retirement planning solutions and optional employee benefit programs to all nonprofit institutions and governmental agencies and their employees.

  • An eligible institution is an organization that meets our criteria to offer TIAA-CREF-funded retirement plans, regardless of whether TIAA-CREF is actually available there. Examples include nonprofit colleges and universities, public and private elementary and secondary schools, teaching hospitals, museums, libraries and certain other nonprofit institutions. Governmental entities, including political subdivisions and local, state or federal government agencies are also eligible.
  • An eligible nonprofit organization is an entity that is:
    • organized as a not-for-profit corporation under the Not-for-Profit Law of any state or the District of Columbia, or
    • classified as one of the following types of organizations under the Internal Revenue Code: 501(c)(1), 501(c)(3), 501(c)(4), 501(c)(5), 501(c)(6), 501(c)(7), 501(c)(9) and 501(c)(10).

U.S. governmental entities include the federal government of the United States, state governments, the District of Columbia and local governments (i.e., cities or other municipalities) in the 50 states, as well as federal, state, city or municipal agencies. Examples of eligible governmental employers include:

  • Public school districts
  • State or municipal agencies, such as transit or sanitation departments
  • The U.S. Postal Service
  • Municipal fire departments
  • State or municipal police departments
  • State parks departments
  • The U.S. Forest Service
  • The U.S. Military

Participant Eligibility

TIAA-CREF’s low-cost, high-quality investment offerings and retirement savings solutions are available to participants in institutional retirement accounts and to those who have retirement savings in IRAs and Keoghs.

Please note, however, that an individual does not have to be a current participant in a TIAA-CREF retirement plan to take advantage of our investment services or retirement savings solutions. Under our expanded eligibility criteria, more individuals can gain access to our full investment lineup, including our unique offerings, TIAA Traditional and the TIAA Real Estate Account. To help you determine whether your clients are eligible and to support you in your efforts to grow your business, we are providing you with the important details on eligibility.

Individuals may open an IRA or Keogh if at least one of the following criteria is met: 

Participant or their spouse/domestic partner is:

  1. a current employee of any eligible institution, or
  2. a retired employee from any eligible institution, or
  3. a current trustee of any eligible institution, or
  4. an existing participant in an eligible employer-sponsored retirement plan with TIAA-CREF or own his/her individual insurance contract through TIAA, or
  5. the surviving spouse or domestic partner of anyone eligible to participate in the institutional fee billing program through their employer-sponsored retirement plan, or
  6. the surviving spouse or domestic partner of anyone eligible to open an IRA or Keogh.
     

Questions about Eligibility?

If you would like more information about who is eligible for TIAA-CREF’s investment and retirement savings solutions, please call the TIAA-CREF Advisor Services team at 888 842-0318, select option 1, Monday through Friday between the hours of 8:00 a.m. and 7:00 p.m. ET (Eastern Time).

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