- Most people know they need to save to achieve a secure retirement, and their workplace retirement plan will be a key part of this journey. People need help getting there. 80% of new employees stay in their plan's default option, making this an important decision. It's critical that a plan default offers maximum value now and over the long run. TIAA RetirePlus can help. RetirePlus as the plan default offers the simplicity of a target-date fund, the ability to include a guaranteed component, the opportunity for lower costs. On average, plan sponsors have cut expense ratios by 21% by changing their default to RetirePlus. And fiduciary control and flexibility, because you customize portfolios and tailor the models to employee demographics. RetirePlus model portfolios can include TIAA Traditional, a deferred fixed annuity that offers the security of a guaranteed interest rate as people save. This gives employees more diversification, lower volatility, better risk adjusted returns, and at retirement, TIAA Traditional provides the opportunity for guaranteed income that will last a lifetime. That's important. 68% of Americans say they can't save enough on their own to guarantee a secure retirement. Enhance the plan default with TIAA RetirePlus. To learn more about what RetirePlus can do for you, talk to your TIAA representative.