The success of your retirement plan, and your employees’ readiness for retirement, is influenced by employee engagement and ongoing participation. TIAA applies extensive research to understand your employees’ needs. We offer communication, education and advice—with targeted messaging that delivers the right information at the right time—to help drive measurable progress toward planning for financial well-being.
Comprehensive enrollment, welcome and onboarding communications are designed to inform your eligible employees about the plan. Once enrolled, we support you in fulfilling your responsibility to deliver a variety of ongoing communications. Our goal is to make your job easier — from notification of plan changes to required annual regulatory notifications, along with statements, financial education, and investment performance information in between.
Whether enrolling online and using the My Account section of TIAA.org for ongoing monitoring, reading through communications and publications, or speaking with our helpful consultants, advisors and service representatives, the information your employees receive is targeted to where they are on the road to retirement.
This approach is successful because we take a comprehensive look at your participant data, analyzing various cuts to better understand your employee population. We then apply this information and our segmentation strategy to create comprehensive communication, education and advice that identifies key areas of focus, appropriate channels, messages and makes each message relevant.
From powerful online games like the Financial IQ Challenge, engaging webinars, online communities and a portfolio of targeted campaigns, workshops and other media — to regional financial consultants available in 120 local offices nationwide — we engage participants in the way they are most comfortable. They are supported by our participant call centers and the My Account section of TIAA.org which was ranked #1 by DALBAR in overall rankings.1
Within the plan, you may choose to provide access to in-plan allocation advice, sourced from a third party and provided by phone, online and by TIAA financial consultants in the field. Beyond the plan, we offer customized one-on-one financial planning, portfolio management and advisor services to help employees with more sophisticated investment requirements and lifetime planning needs. Almost half (48%) of those receiving TIAA’s personalized advice chose to save more, adjust their portfolio allocation or rebalance. 2
This material is for informational or educational purposes only and does not constitute a recommendation or investment advice in connection with a distribution, transfer or rollover, a purchase or sale of securities or other investment property, or the management of securities or other investments, including the development of an investment strategy or retention of an investment manager or advisor. This material does not take into account any specific objectives or circumstances of any particular investor, or suggest any specific course of action. Investment decisions should be made in consultation with an investor’s personal advisor based on the investor’s own objectives and circumstances.
1 Source: DALBAR, Inc. DALBAR’s WebMonitor program continuously analyzes financial services websites to evaluate their effectiveness in maximizing their online presence by incorporating content and functionality in a consistent, appealing, and user-friendly manner. DALBAR regularly publishes key findings of competitive intelligence and benchmarking data, spotlighting notable trends, best practices, and industry leaders.The participant site, (TIAA.org), ranked as the number 1 plan participant site as of 3/31/17.
2 Source: TIAA Advice analysis of 176,279 TIAA participants who received retirement plan advice and took action in the 12 months ending 8/30/16. The overall action rate of 48% includes 11% who chose to save more, 32% who chose to change their future allocations and 31.5% rebalance their portfolio. (NOTE: this rate decreased from the previous year because the rule for counting action rate has changed.)
3 Retirement Advisor is a third-party advice tool utilizing advice methodology by Morningstar Investment Management, LLC (“Morningstar”) which has provided an investment methodology that is the basis for the advice supplied by the TIAA Retirement Advisor. Affiliates of TIAA are the registered investment advisers to the TIAA-CREF Mutual Funds, Nuveen Funds, CREF accounts and the TIAA Real Estate Account, and receive fees for providing investment advisory services. These fees are described in the applicable prospectuses. The advice may vary over time and with each use. IMPORTANT: Projections and other information generated through the Retirement Advisor regarding the likelihood of various investment outcomes are hypothetical, do not reflect actual investment results and are not a guarantee of future results. The projections are dependent in part on subjective assumptions, including the rate of inflation and the rate of return for different asset classes. These rates are difficult to accurately predict. Changes to the law, financial markets or your personal circumstances can cause substantial deviation from the estimates. This could result in declines in the accounts’ value over short or even extended periods of time.
The TIAA group of companies does not provide tax or legal advice. Please consult with your own legal or tax advisor.