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Benefits August 18, 2009
TIAA-CREF Wins State of Iowa Business
August 18, 2009 (PLANSPONSOR.com) - TIAA-CREF was
selected, along with four other providers, for the Iowa
Department of Administrative Services Statewide 457(b) and
401(a) Plans.
Reported by Rebecca Moore
According to the company, there are 24,000 eligible employees for the two plans.
In addition, TIAA-CREF has been retained as a provider under the Iowa Statewide 403(b) Plan (with 80,000 eligible employees) for which it has been a provider since late 2008. Assets under all three plans are in excess of $500 million, the company said.
TIAA-CREF is a provider of retirement services in the academic, research, medical, and cultural fields with $374 billion in combined assets under management as of 6/30/09.