New York, June 17, 2014 – TIAA-CREF announced today that Bay de Noc Community College (“Bay College”) has selected the company to be sole recordkeeper of its 403(b) plan. TIAA-CREF already was the recordkeeper of Bay College’s 403(a) plan. Under the new agreement, Bay College will streamline the management of its retirement plans by allowing TIAA-CREF to recordkeep both of its plans.
Bay College, located in Escanaba, Mich., was founded in 1962. It is a public, two-year college that is one of nearly 30 schools in the Michigan Community College Association.
Bay College employees will be able to take advantage of TIAA-CREF’s open-architecture platform to select from a variety of professionally managed, cost-effective and customized investment options.
Members of Bay College’s retirement plan will have access to a variety of investment options, including TIAA-CREF annuities, which help provide guaranteed lifetime income in retirement, and mutual funds.
Employees also will have access to TIAA-CREF financial advisors, who provide personalized retirement advice tailored to individual goals at various life stages, plus online financial advice and resources.
TIAA-CREF (www.tiaa.org) is a national financial services organization with $569 billion in assets under management (as of 3/31/2014) and is the leading provider of retirement services in the academic, research, medical and cultural fields.