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Products May 27, 2011
WA City Selects TIAA-CREF for 401(a), 457 Plan RK
May 27, 2011 (PLANSPONSOR.com) - TIAA-CREF announced its selection by the City of Shoreline, Washington, as the sole recordkeeper for its 457(b) and 401(a) retirement plans, effective June 1.
Reported by Rebecca Moore
Under the agreement, Shoreline plan participants will have access to:
- An advice platform which provides objective, personalized retirement planning tailored to individual and diverse goals and at varying life stages;
- An interactive customized Website where employees can go to receive plan details, account information and schedule appointments with TIAA-CREF advisers; and
- New fund options, supported by a comprehensive mapping feature allowing participants to be updated on current account activity.
“Following a rigorous selection process, TIAA-CREF was selected as the new provider of our retirement plans due to the depth and breadth of services they will provide,” said Julie Underwood, Shoreline City Manager, according to the announcement.