Deals & People
TIAA-CREF Wins State of Iowa Business
<p>TIAA-CREF was selected, along with four other providers, for the Iowa
Department of Administrative Services Statewide 457(b) and 401(a) Plans.</p>
Reported by Rebecca Moore
According to the company, there are 24,000 eligible employees for the two plans.
In addition, TIAA-CREF has been retained as a provider under the Iowa Statewide 403(b) Plan (with 80,000 eligible employees) for which it has been a provider since late 2008. Assets under all three plans are in excess of $500 million, the company said.