NEW YORK--(BUSINESS WIRE)--TIAA-CREF announced today that Bay de Noc Community College (“Bay College”) has selected the company to be sole recordkeeper of its 403(b) plan. TIAA-CREF already was the recordkeeper of Bay College’s 403(a) plan. Under the new agreement, Bay College will streamline the management of its retirement plans by allowing TIAA-CREF to recordkeep both of its plans.
Bay College, located in Escanaba, Mich., was founded in 1962. It is a public, two-year college that is one of nearly 30 schools in the Michigan Community College Association.
Bay College employees will be able to take advantage of TIAA-CREF’s open-architecture platform to select from a variety of professionally managed, cost-effective and customized investment options.
Members of Bay College’s retirement plan will have access to a variety of investment options, including TIAA-CREF annuities, which help provide guaranteed lifetime income in retirement, and mutual funds.
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 (www.tiaa-cref.org) is a national financial services organization with $569 billion in assets under management (as of 3/31/2014) and is the leading provider of retirement services in the academic, research, medical and cultural fields.
About Bay de Noc Community College
Bay de Noc Community College offers two-year degrees, certificates, and professional and workforce development to the surrounding areas of the Upper Peninsula of Michigan. For further information on the degrees and certificates offered at Bay College, contact 906-217-4010 or visit www.baycollege.edu.
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.
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.
©2014 Teachers Insurance and Annuity Association-College Retirement Equities Fund, New York, NY 10017