For more stories like this, sign up for the PLANSPONSOR NEWSDash daily newsletter.
Products November 15, 2011
Temple U. Health System Selects Sole RK for Retirement Plans
November 15, 2011 (PLANSPONSOR.com) - TIAA-CREF announced its selection by the Temple University Health System Inc. (TUHS) as the sole recordkeeper for its defined contribution and deferred compensation retirement plans.
Reported by Rebecca Moore
Under the new agreement, funds previously managed across several different providers will now be managed by TIAA-CREF. As sole recordkeeper for the plans, including the 403(b) and 401(a) defined contribution and 457(b) deferred compensation plans, TIAA-CREF will provide access to investment choices from outside money managers as well as TIAA-CREF products.
As part of the partnership agreement, TUHS plan participants will receive the following services:
- An advice platform which provides objective, personalized retirement planning tailored to each individual’s goals 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 and access to TIAA-CREF retirement planning services.
“After a rigorous process, we selected TIAA-CREF as the new provider based on their ability to offer our employees high-quality, low-cost investment options,” said Paul Csigi, Director, Benefits and Pension Administration for TUHS, in the announcement.
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...
« Consultant Paper Addresses Disparity in Fees among Participants