DePauw University Selects TIAA-CREF as Sole Recordkeeper

Plan participants now can access a comprehensive investment menu and advice services to help achieve retirement readiness

NEW YORK--()--TIAA-CREF today announced that DePauw University in Greencastle, Indiana, has selected the financial services provider to be the sole recordkeeper of its 403(b) retirement plan. Under the arrangement, TIAA-CREF will manage $144 million in assets for 700 university employees.1 Ninety-four percent of eligible employees have proactively re-enrolled in the plan, demonstrating DePauw’s commitment to making retirement readiness a top priority.

With TIAA-CREF’s sole recordkeeping model, employees will have access to a variety of investment options, including TIAA-CREF annuities. Beyond a rich investment menu, plan members also can take advantage of TIAA-CREF’s advice services and meet personally with a financial consultant to discuss their retirement objectives.

“TIAA-CREF’s holistic approach to retirement planning will greatly benefit our employees,” said Amy Haug, human resources director at DePauw University. “The plan strikes the right balance by offering quality investment choices and concrete advice services. Those tools will go a long way in helping our employees toward achieving their financial dreams.”

“Planning for retirement should be a collaborative effort, where employees have a range of resources they can turn to for support,” said Ed Moslander, senior managing director and head of institutional client services for TIAA-CREF. “We’re looking forward to supporting the employees at DePauw University and helping to guide their way on the road toward retirement readiness.”

With the new plan, the university will be able to better manage its fiduciary requirements and keep plan costs low by streamlining administrative and enrollment processes. In addition, the university can more closely monitor plan member enrollment, salary deferral agreements, contribution limits and hardship withdrawals for plan members, allowing them to focus on employee engagement instead of plan logistics.

About TIAA-CREF

TIAA-CREF (www.tiaa-cref.org) is a national financial services organization with $851 billion in assets under management (as of 12/31/2014) and is the leading provider of retirement services in the academic, research, medical and cultural fields.

About DePauw University

DePauw University is a nationally recognized, leading liberal arts college in Greencastle, Indiana, dedicated to educating 2,300 students from across the country and around the globe. Connected to the liberal arts college is one of the nation’s first schools of music. For more than 175 years, DePauw has created an atmosphere of intellectual challenge and social engagement that prepares students for lifelong success

Guaranteed options are subject to the issuing company’s claims paying ability.

You should consider the investment objectives, risks, charges and expenses carefully before investing. Please call 877-518-9161 for current product and fund prospectuses that contain this and other information. Please read the prospectuses carefully before investing.

TIAA-CREF Individual & Institutional Services, LLC, Teachers Personal Investors Services, Inc., and Nuveen Securities, LLC, Members FINRA and SIPC, distribute securities products.

Annuity contracts and certificates are issued by Teachers Insurance and Annuity Association of America (TIAA) and College Retirement Equities Fund (CREF), New York, NY. Each is solely responsible for its own financial condition and contractual obligations.

Investment, insurance and annuity products are not FDIC insured, are not bank guaranteed, are not deposits, are not insured by any federal government agency, are not a condition to any banking service or activity, and may lose value.

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.

© 2015 Teachers Insurance and Annuity Association of America-College Retirement Equities Fund, (TIAA- CREF), 730 Third Avenue, New York, NY 10017.

1 As of January 2015.

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Contacts

Press
TIAA-CREF
Chad Peterson, 704-988-6811
media@tiaa-cref.org
or
Like us on Facebook
Follow us on Twitter
Connect on LinkedIn