TIAA Clients Recognized for Excellence in Plan Conversion and Special Projects

Two TIAA clients were each honored with an Eddy Award from Pensions & Investments.
Yale University received a first place award in the Conversions category, which honors campaigns devoted to explaining the transition to a new service provider or a consolidation to one service provider. The Nevada System of Higher Education (NSHE) was also recognized in the Special Projects category, which honors campaigns which have excelled in providing special investment education and communications.
Yale completed a successful transition to TIAA as sole recordkeeper, with a focus on employee communications and education. As a result of the transition from two record keepers to one, Yale provided employees enhanced online tools and phone services, the ability to manage their savings on a single web site, reduced fees, and increased financial counseling on campus.
NSHE selected TIAA as sole recordkeeper in 2014. One element of its ongoing communication program, in collaboration with TIAA, is to encourage employees with assets in the legacy plans to consolidate those assets into the current NSHE retirement plan lineup, which offers lower fees, a best-in-class menu, and the ability to more easily manage their portfolios.
In a sole recordkeeping model, institutions can provide their employees with a comprehensive view of all the assets in their retirement plans, and offer employees the ability to make better decisions regarding their investment mix, risk profile and portfolio rebalancing. In addition, by employing a sole recordkeeper model, Yale and NSHE have the ability to more efficiently allocate resources, minimize fiduciary liabilities and provide a more streamlined experience for plan members.
Presented annually by Pensions & Investments since 1995, the Eddy Awards recognize plan sponsors and service providers that offer exemplary investment education to DC plan participants. Awards are offered in eight categories, including initial investment education, ongoing investment education, special projects, conversions to new recordkeepers, automatic re-enrollment and fee disclosure and education.
Yale University comprises three major academic components: Yale College (the undergraduate program), the Graduate School of Arts and Sciences, and the professional schools. In addition, Yale encompasses a wide array of centers and programs, libraries, museums, and administrative support offices. Approximately 12,336 students attend Yale.
NSHE is comprised of two doctoral-granting universities, a state college, four comprehensive community colleges and one environmental research institute, and serves the educational and job training needs of Nevada. NSHE provides educational opportunities to more than 106,000 students and is governed by the Nevada Board of Regents.
The material is for informational purposes only and should not be regarded as a recommendation or an offer to buy or sell any product or service to which this information may relate. Certain products and services may not be available to all entities or persons. Past performance does not guarantee future results.

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