Tiaa retireplus®
Employees deserve a better default.
TIAA RetirePlus is a smarter default plan strategy. Set employees on the path toward a secure retirement with an option that can include guaranteed lifetime income, lower fees and less volatility.1,2
The challenge
Too many employees are at risk of income insecurity in retirement.
Employees rely on your retirement plan to save and invest for the future. Yet 84% keep their money in the plan’s default investment, which can affect their long-term retirement prospects.3 Too many do not have a holistic strategy for lifelong retirement security.
The solution
Help them secure their futures with the promise of a better default solution.
Build it custom: More flexibility, control and cost-saving potential
You or a designated investment manager choose the investments in the default model portfolio from your plan’s menu. This gives you the opportunity to decrease expenses while offering models tailored to your employee demographics.2
Build it smart: More diversification, less volatility, better risk profile
When including TIAA Traditional*, there is an extra level of diversification and greater security through downside protection of TIAA Traditional assets for the most vulnerable population—those closest to retirement—while also providing the potential for risk-adjusted returns with other investment options.4,5
Build it for life: More security with income for life
In addition to a guaranteed retirement paycheck for life, participants can benefit from our profit-sharing program, with potential to receive highter interest rates while they save, bigger retirement paychecks and the TIAA Loyalty Bonus.SM 6-8
*TIAA Traditional is issued by Teachers Insurance and Annuity Association of America (TIAA), New York, NY.
Our plans using TIAA RetirePlus have seen participants in the models with almost 40% lower expenses than others.2
Success story
TIAA RetirePlus in action
Making changes to a retirement plan may seem like a headache—there’s so much to research, so many potential challenges in implementation and the hurdle of employee education. But it doesn’t have to be that way.
When we thought about lower fees, the opportunity for a better return and the potential for better financial outcomes for our employees there was just no downside.
Help more employees achieve a secure retirement.
Gain more control and bring the power of lifetime income to your default with TIAA RetirePlus. Pick the default that works for you.
TIAA RetirePlus Select
Partially customized: Customize your default option using your plan’s core menu with the strategy done for you.
TIAA RetirePlus Pro
Fully customized: Gain full control over the design of your default option with sophisticated approaches that are easy to implement.
Innovation
We heard you, so we’re making plan design easier.
We’re re-investing in new solutions, re-forging partnerships and re-imagining how retirement plans work. We’re making it easier to do business with us because retirement plan administration shouldn’t be so hard.
We're here to help.
Contact us
Learn how TIAA can deliver lifetime income to your employees.
Subscribe
Read TMRW, TIAA’s thought leadership series.
Webinar series
Join us for an upcoming retirement income discussion.
1 All guarantees are based on TIAA’s claims-paying ability. TIAA Traditional is a guaranteed interest annuity contract and not an investment for federal securities law purposes. Past performance is no guarantee of future results.
2 TIAA RetirePlus analysis of 310 clients as of 12/31/2023. TIAA RetirePlus data access for Unified Data Store.
3 TIAA Enterprise Analytics (2022).
4 Diversification is a technique to help reduce risk. It is not guaranteed to protect against loss.
5 Better historical risk-adjusted returns apply when adding TIAA Traditional in the model. Based on a comparison of actual monthly returns from 6/1/06 to 6/30/23 on a $10,000 contribution for the TIAA Traditional Annuity Retirement Choice (RC) and Retirement Choice Plus (RCP) contract for a June 1, 2006 contribution, the date of the inception of the RCP, compared to the Bloomberg U.S. Aggregate Bond Index. Past performance is no guarantee of future results. There is no assurance that additional amounts above the TIAA Traditional Annuity’s guaranteed minimum rate will be declared in the future.
6 Retirement paycheck refers to the annuity income received in retirement. Guarantees of fixed monthly payments are only associated with TIAA's fixed annuities.
7 TIAA may share profits with TIAA Traditional Annuity owners through declared additional amounts of interest during accumulation, higher initial annuity income, and through further increases in annuity income benefits during retirement. These additional amounts are not guaranteed beyond the period for which they were declared.
8 TIAA may provide a Loyalty Bonus that is only available when electing lifetime income. The amount of the bonus is discretionary and determined annually.
By communicating the information contained in this material, TIAA is not providing impartial investment advice or giving advice in a fiduciary capacity regarding any investment by, or other investment strategy or transaction of, the plan(s). TIAA is acting solely in a sales capacity with respect to an arms-length sale, purchase, loan, exchange or other transaction related to the investment of securities or other investment property or investment strategy.
You should consider the investment objectives, principal strategies, principal risks, portfolio turnover rate, performance data, and fee and expense information of each underlying investment carefully before directing an investment based on the model. For a free copy of the program description and the prospectus or other offering documents for each of the underlying investments (containing this and other information), call TIAA at 877-518-9161. Please read the program description and the prospectuses or other offering documents for the underlying investments carefully before investing.
This material is for informational, educational or non-fiduciary sales opportunities and/or activities only and does not constitute investment advice (e.g., fiduciary advice under ERISA or otherwise), a securities recommendation under all securities laws, or an insurance product recommendation under state insurance laws or regulations to invest through a model or to purchase any security or advice about investing or managing retirement savings. It does not take into account any specific objectives or circumstances of any particular customer, or suggest any specific course of action.
No registration under the Investment Company Act, the Securities Act or state securities laws—the model is not a mutual fund or other type of security and will not be registered with the Securities and Exchange Commission as an investment company under the Investment Company Act of 1940, as amended, and no units or shares of the model will be registered under the Securities Act of 1933, as amended, nor will they be registered with any state securities regulator. Accordingly, the model is not subject to compliance with the requirements of such acts, nor may plan participants investing in underlying investments based on the model avail themselves of the protections thereunder, except to the extent that one or more underlying investments or interests therein are registered under such acts.
No guarantee – Neither the models nor any investment made pursuant to the models are deposits of, or obligations of, or guaranteed or endorsed by TIAA or their affiliates (except with respect to certain annuities sponsored by TIAA or its affiliates), or insured by the Federal Deposit Insurance Corporation, or any other agency. There is no guarantee that the underlying investments will provide adequate income at and through retirement and participants may experience losses. Participants should not allocate their retirement savings to the underlying investments unless they can readily bear the consequences of such loss.
Assets allocated to the underlying investments based on the model will be invested in underlying mutual funds and annuities that are permissible investments under the plan. Some or all of the underlying investments included in the model may be sponsored or managed by TIAA or its affiliates and pay fees to TIAA and its affiliates. In general, the value of a model-based account will fluctuate based on the performance of the underlying investments in which the account invests. For a detailed discussion of the risks applicable to an underlying investment, please see the prospectus or disclosure document for such underlying investment.
TIAA RetirePlus Select® and TIAA RetirePlus Pro® are administered by Teachers Insurance and Annuity Association of America (“TIAA”) as plan recordkeeper. TIAA-CREF Individual & Institutional Services, Member FINRA and SIPC distributes securities products. SIPC only protects customers’ securities and cash held in brokerage accounts. TIAA and CREF annuity contracts and certificates are issued by Teachers Insurance and Annuity Association of America (TIAA) and College Retirement Equities Fund (CREF), New York, NY, respectively. Each is solely responsible for its own financial condition and contractual obligations. Transactions in the underlying investments invested in based on the models on behalf of the plan participants are executed through TIAA-CREF Individual & Institutional Services, LLC.
TIAA RetirePlus Select
TIAA RetirePlus Select is an asset allocation program that includes asset allocation models that a plan participant may choose to guide the investment of his or her account into underlying investment options selected by the plan sponsor (the “underlying investments”). The plan sponsor selects the specific underlying investments available under its plan to represent the various asset classes in the models. An independent third-party advisor engaged by Teachers Insurance and Annuity Association of America (“TIAA”) developed the target asset class ratios for the models and the TIAA RetirePlus Select is administered by TIAA as plan recordkeeper. In making TIAA RetirePlus Select available to plans, TIAA is not providing investment advice to the plans or plan participants.
The target asset class ratios for a plan participant’s model-based account will become more conservative over time as the plan participant’s years to retirement decreases. For information regarding the changes to the target allocations please contact TIAA. An account’s actual allocation percentage to an underlying investment may vary from the target allocations due to the performance of the underlying investments or other factors. Accounts invested in accordance with the models will be rebalanced to the applicable target allocations periodically. The underlying investments included in a model are subject to change and may not be representative of the current or future underlying investments for the model. Some or all of the underlying investments included in a model may be sponsored or managed by TIAA or its affiliates and pay fees to TIAA and its affiliates.
Mesirow is not affiliated with TIAA. Mesirow Financial refers to Mesirow Financial Holdings, Inc. and its divisions, subsidiaries and affiliates. The Mesirow Financial name and logo are registered service marks of Mesirow Financial Holdings, Inc. ©2019, Mesirow Financial Holdings, Inc. All rights reserved. Advisory services offered through Mesirow Financial Investment Management, Inc. an SEC registered investment advisor.
TIAA RetirePlus Pro
TIAA RetirePlus Pro, a model-based service, is administered by Teachers Insurance and Annuity Association of America (“TIAA”) as plan recordkeeper.
The TIAA RetirePlus Pro Models are asset allocation recommendations developed in one of three ways, depending on your plan structure: i) by your plan sponsor, ii) by your plan sponsor in consultation with consultants and other investment advisors designated by the plan sponsor, or iii) exclusively by consultants and other investment advisors selected by your plan sponsor whereby assets are allocated to underlying mutual funds and annuities that are permissible investments under the plan. Model-based accounts will be managed on the basis of the plan participant’s personal financial situation and investment objectives (for example, taking into account factors such as participant age and risk capacity as determined by a risk tolerance questionnaire).
The plan fiduciary and the plan advisor may determine that an underlying investment(s) is appropriate for a model portfolio, but not appropriate as a stand-alone investment for a participant who is not participating in TIAA RetirePlus Pro. In such case, participants who elect to unsubscribe from the service while holding an underlying investment(s) in their model-based account that has been deemed inappropriate as a stand-alone investment option by the plan fiduciary and/or plan advisor will be prohibited from allocating future contributions to that investment option(s).
Established Restrictions: Each plan participant may, but need not, propose restrictions for his or her model-based account, which will further customize such plan participant’s own portfolio of underlying investments. The plan fiduciary is responsible for considering any restrictions proposed by a plan participant, and for determining (together with plan advisor(s)) whether the proposed restriction is “reasonable” in each case.
TIAA RetirePlus®, TIAA RetirePlus Pro® and TIAA RetirePlus Select® are registered trademarks of Teachers Insurance and Annuity Association of America.
Annuity contracts may contain terms for keeping them in force. We can provide you with costs and complete details.
TIAA Traditional is a fixed annuity product issued through these contracts by Teachers Insurance and Annuity Association of America (TIAA), 730 Third Avenue, New York, NY, 10017: Form series including but not limited to: 1000.24; G-1000.4; IGRS-01-84-ACC; IGRSP-01-84-ACC; 6008.8. Not all contracts are available in all states or currently issued.