TIAA RETIREPLUS® CUSTOM SOLUTIONS
Every client is different. Design a custom solution.
Create a customized plan that can include guaranteed lifetime income from TIAA Traditional*, our flagship retirement product.1
*TIAA Traditional is issued by Teachers Insurance and Annuity Association of America (TIAA), New York, NY.
Customized default solutions that can include guarantees.
With two options to suit the needs of the plan, TIAA RetirePlus Select and TIAA RetirePlus Pro, you can add the one that works for you. Both include the option for guaranteed lifetime income via TIAA Traditional.
TIAA RetirePlus Select
Customize your default option using your plan’s core menu with the strategy done for you.
- Predefined set of asset allocation models
- Allocations and years-to-retirement approach determined by Mesirow Financial®2
- Quarterly rebalancing based on participant’s birthday
- No additional cost charged to the plan for participating in the program
TIAA RetirePlus Pro
Gain full control over the design of your default option with sophisticated approaches that are easy to implement.
- Custom-model approach with the ability to personalize glidepath(s) based on plan demographics
- Fiduciary or 3(38) investment manager chooses the investment options and allocations in the portfolios, including investments that may not be on the care menu
- Rebalancing options include quarterly, semiannually, annually—based on participant’s birthday or drift tolerance
- Requires a 3(38) investment manager, which may incur an additional fee
TIAA RetirePlus:
Build it custom. Build it smart. Build it for life.
Build it custom
More flexibility, control and cost-saving potential.
Gain greater fiduciary control over your plan by choosing the investments in the default model portfolio. This gives you the opportunity to decrease expenses with gaining a set of models tailored to the plan's specific needs.
Target the plan’s demographics
TIAA RetirePlus offers the ability to tailor the approach based on the unique employee demographics of the plan using custom or predefined models.
Elevate the investment approach
Fiduciaries can use sophisticated investment approaches while leveraging strightforward operational and participant experiences.
Control the full strategy
Flexibility to choose the investments in the default model portfolio from your plan’s menu. This gives you the opportunity to decrease expenses.
Build it smart
More diversification potential, lower volatility and the opportunity for better risk-adjusted returns.
When including TIAA Traditional in your plan, there is an extra level of diversification and greater secruity through downside protection of TIAA Traditional assets for the most vulnerable population—those closest to retirment—while also providing the potential for better risk-adjusted returns over time.3,4
Build it for life
More income potential in retirement.
That’s our promise.
By choosing to include TIAA Traditional in the default, employees begin building long-term benefits for retirement.
Always-on growth while saving
In their working years, employees are assured growth no matter the market, giving them more retirement savings without the volitility that comes with other investments.1
Bigger retirement paychecks
Employees get the promise of guaranteed lifetime income with the opportunity for raises in retirement and an exclusive TIAA Loyalty BonusSM for long-term.1, 5-7
Powerfully different
Our guarantees are backed by our unwavering financial strength and stability.8 And we share porfits with participants, not public shareholders.5
Innovation
We heard you, so we’re making plan design easier.
We’re re-invsting 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.
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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 Mesirow is not acting in a fiduciary capacity.
3 Diversification is a technique to help reduce risk. It is not guaranteed to protect against loss.
4 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.
5 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.
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 provide a Loyalty Bonus that is only available when electing lifetime income. The amount of the bonus is discretionary and determined annually.
8 For its stability, claims-paying ability and overall financial strength, Teachers Insurance and Annuity Association of America (TIAA) is a member of one of only three insurance groups in the United States to currently hold the highest rating available to U.S. insurers from three of the four leading insurance company rating agencies: A.M. Best (A++ as of 10/23), Fitch, (AAA as of 8/23; TIAA is rated higher than the U.S. government) and Standard and Poor's (AA+ as of 10/23), and the second highest possible rating from Moody's investors Service (Aa1 as of 9/23). There is no guarantee that current ratings will be maintained. The financial strength rating represent a company's ability to meet policyholders' obligations and do not apply to variable annuities or any other product or service not fully backed by TIAA's claims-paying ability. The rating also do not apply to the safety or performance of the variable accounts, which will fluctuate in value.
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.