Deals & People August 18, 2009

TIAA-CREF Wins State of Iowa Business

TIAA-CREF was selected, along with four other providers, for the Iowa Department of Administrative Services Statewide 457(b) and 401(a) Plans.

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.