For more stories like this, sign up for the PLANSPONSOR NEWSDash daily newsletter.
Products January 13, 2012
TIAA-CREF Managing Brooklyn Hospital Center 403(b)
January 13, 2012 (PLANSPONSOR.com) - The Brooklyn Hospital Center has chosen TIAA-CREF to manage its 403(b) retirement plan.
Reported by Rebecca Moore
Employees can now invest in mutual funds from TIAA-CREF as well as other providers. They will also have access to TIAA-CREF annuities, which can help provide guaranteed lifetime income in retirement. An interactive, customized website provides plan details and account information to plan participants.
TIAA-CREF took over the plan in November.
“TIAA-CREF was the right partner for us because of their investment capabilities, track record of historical performance and low expense ratios,” said John Lasky, Senior Vice President of Human Resources for The Brooklyn Hospital Center.You Might Also Like:
Retirement Plan Lawsuit Targets Texas Health Care System
Retirement plan participants alleged fiduciary breaches occurred within the Houston-based health care system’s 401(k) and 403(b) plans.
How Should Plan Sponsors Stand Up a New Retirement Plan Committee?
Plan sponsors can find education and training for their retirement plan committees from several sources, but how best to build...
How Sponsors Can Get the Most out of DC Plan Design Changes
Annuities may be a hot topic, but sponsors can add the most value to plans by incorporating features like auto-enrollment...
« Prudential Makes Total Retirement Solutions Leadership Changes