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Products December 9, 2011
Medical Center Selects TIAA-CREF as 403(b) Recordkeeper
December 9, 2011 (PLANSPONSOR.com) - Maimonides Medical Center has chosen TIAA-CREF to manage the hospital’s retirement plan.
Reported by Rebecca Moore
Maimonides employees are gaining access to financial education and advice from TIAA-CREF, as well as a broader range of investment choices for their retirement savings. Retirement funds previously managed across different providers are now managed by TIAA-CREF, as part of the sole recordkeeping agreement for the hospital’s 403(b) defined contribution retirement plan.
“We selected TIAA-CREF based on their ability to offer our employees high-quality, low-cost investment options,” said Marc Leff, Vice President of Human Resources for Maimonides. “Our employees now have access to personalized, objective advice from TIAA-CREF to help them plan, save for and achieve their retirement goals.”
Employees can invest in funds from outside money managers as well as TIAA-CREF funds and annuity products. An interactive, customized website provides plan details and account information to plan participants.
Maimonides, based in Brooklyn, New York, is one of the nation’s largest independent hospitals. TIAA-CREF has served as a retirement provider to Maimonides since 1985.