NEW YORK--(BUSINESS WIRE)--TIAA-CREF announced today that Niagara University has selected the company as sole recordkeeper for its 403(b) defined-contribution retirement plan.
Niagara University has moved to a sole recordkeeping model where TIAA-CREF will recordkeep the plan’s more than $82 million in assets. Niagara employees will have access to an array of customizable investment options, including TIAA-CREF annuities and mutual funds, along with financial advice through on-site, phone and online resources.
Niagara employees will be able to take advantage of TIAA-CREF’s open-architecture investment platform to select from a variety of professionally managed, low-cost1 and tailored investment options. The full suite of investment choices will enable employees to craft customized portfolios based on their preferences. In addition, TIAA-CREF annuities, which are included in the plan, will help provide guaranteed lifetime income in retirement.
TIAA-CREF’s sole recordkeeping capability simplifies fiduciary requirements, lowers plan costs and helps streamline administration of Niagara’s retirement plan.
Niagara employees also will have access to TIAA-CREF financial advisors, who provide personalized retirement advice tailored to individual goals at various life stages, plus online financial advice and resources. TIAA-CREF research has found that individuals who receive advice are five times more confident about their retirement than the average American worker.2
TIAA-CREF (www.tiaa-cref.org) is a national financial services organization with $542 billion in assets under management (as of 9/30/2013) and is the leading provider of retirement services in the academic, research, medical and cultural fields.
About Niagara University
Niagara University is a Catholic university in the Vincentian tradition, located in the town of Lewiston in Niagara County, N.Y.
Guaranteed income is subject to TIAA’s claims paying ability.
You should consider the investment objectives, risks, charges and expenses carefully before investing. Please call 877-518-9161, or go to www.tiaa-cref.org for a current prospectus that contains this and other information. Please read the prospectus carefully before investing.
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.
The testimonials quoted above may not be representative of the experience of TIAA-CREF participants and are not indicative of future performance or success.
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.
©2013 Teachers Insurance and Annuity Association-College Retirement Equities Fund, New York, NY 10017
|Morningstar Direct (June 2013) based on Morningstar expense comparisons by category. This applies to our variable annuity and mutual fund expense ratios.|
|2||Based on survey of 8,498 individuals who received TIAA-CREF advice via phone or in person from January through August 2012 compared to 2012 Retirement Confidence Survey Results reported by EBRI in March 2012.|