Plan Sponsors

Administrative & Recordkeeping Services

Our streamlined retirement plan platform helps ensure your plan operations are more efficient by simplifying day-to-day administrative tasks for you and account management tasks for your employees. With an integrated set of services offered through a single point of contact, our web-based processing, reporting and recordkeeping supports single- and multi-vendor plans with data accuracy that can help minimize costly compliance errors.

Enrollment Services

Our suite of enrollment services is designed to maximize participation and increase contribution rates with Online Salary Deferral and Enrollment, Auto Enroll, and Auto Save (auto escalation).

  • Online Salary Deferral Agreement and Enrollment Services
    Our Online Salary Deferral Agreement Service allows you to establish an online form for employees to enroll in their employer-sponsored retirement plan. Once the online forms are submitted, you have access to completed agreements from the secure section of the plan administrator website.

    Our Online Enrollment Service is the fastest and easiest way to enable employees to enroll in their retirement plan(s). It also provides you with access to online tools to monitor and track enrollment activity, make individual record changes and check on any missed records.
  • Auto Enroll
    TIAA-CREF's Auto Enroll service enables you to automatically enroll employees in their voluntary employer-sponsored retirement plans at a default salary deferral rate (e.g., 3% of salary) when employees do not enroll themselves. If desired, plan sponsors may provide a matching contribution. If certain conditions are met, the plan may choose to offer employees an opt-out withdrawal provision up to 90 days after the date of the participant's first default contribution. Participant opt out distributions are not subject to the 20% mandatory withholding or 10% tax penalty for withdrawals prior to the age of 59½.
  • Auto Save
    Auto Save steps-up employee contribution rates annually at a preset date and percentage increase you select. Caps on automatic increases (e.g., 10%) can be established by you — helping your plan remain compliant with IRC limits and your plan rules, while also helping to ensure your employees’ savings rates don’t exceed their comfort levels. Once enrolled in Auto Save, no further action is needed by employees for their deferral rates to climb and potentially boost their retirement readiness significantly over time.

Qualified Default Investment Alternative (QDIA) Service

Offering a QDIA in your plan provides Pension Protection Act (PPA) fiduciary safeguards that reduce your risk when making contributions on behalf of employees who don’t furnish affirmative or complete investment instructions.

Additionally, employees who are defaulted into an investment choice such as TIAA-CREF Lifecycle Funds1 — which are funds of funds that cover the risk/reward spectrum and have asset allocations to meet a range of participant life situations and risk profiles — have access to investing strategies they might find difficult achieving on their own. This can alleviate your concerns about their financial knowledge and ability to make sound choices.

As with all mutual funds, the principal value in a Lifecycle Fund is not guaranteed. Also, please note that the target date of the Lifecycle Fund is an approximate date when investors may plan to begin withdrawing from the fund. However, there is no need to withdraw the funds at that target date.

Vesting Services

Our vesting services help you streamline and simplify administration related to the calculation and reporting of vesting information.

  • Basic Service Vesting
    This service helps sponsors with delayed-vesting ERISA plans to comply with the reporting requirements of the 2006 Pension Protection Act (PPA) by providing each participant's vested percentage and vested balance on quarterly statements. Although the PPA requirements apply only to ERISA plans, the service is also available to non-ERISA plans.

Core Recordkeeping

Once your plans are established, our core recordkeeping platform provides the support and accuracy you need to manage ongoing contributions, loans, distributions and other types of transactions. We also offer industry-standard file transfer processes and information sharing consulting services for multi-vendor plans.

Plan Types

All of our services are provided for a variety of Internal Revenue Code (IRC) retirement plan types.

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