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.
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).
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.
Our vesting services help you streamline and simplify administration related to the calculation and reporting of vesting information.
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.
All of our services are provided for a variety of Internal Revenue Code (IRC) retirement plan types.
1 Approximately seven to ten years after a Lifecycle Fund’s target date, the fund may merge into the Lifecycle Retirement Income Fund or a similar fund. Lifecycle Funds share the risks associated with the types of securities held by each of the underlying funds in which they invest. In addition to the fees and expenses associated with the Lifecycle Funds, there is exposure to the fees and expenses associated with the underlying mutual funds as well.
TIAA-CREF does not provide tax or legal advice. Please consult with your own advisors.