Plan Sponsors

Understanding and meeting your fiduciary obligations is a requirement for ERISA plans and is recognized as a best practice for non-ERISA plans. And, all plans must comply with IRS regulations. Whether working on your own or with the support of an advisor, TIAA offers a suite of services that can assist you in managing ever-increasing regulatory demands — allowing you to stay focused on maintaining a competitive plan that helps your participants plan for their financial well-being.

Overview of Your Obligations

An administrator of an ERISA retirement savings plan is generally considered to be a fiduciary with regard to that plan. Fiduciary responsibilities are enforced by the Department of Labor (DOL) and require you to meet certain standards, including that you:

While not every plan must follow ERISA guidelines, all plans must comply with IRS regulations. Among the key compliance areas addressed are:

TIAA can help you understand and manage these obligations.

Plan Document Service 
Specimen 403(b) and 457(b), and Prototype 401(a)/401(k) plan documents and supporting materials, with compliant provisions and ongoing updates.  More…

Investment Services
Help with sample investment policy statements, sample investment menus and ongoing performance monitoring.  More…

Compliance Monitoring Services 
A variety of tools and guidance to help you meet plan compliance requirements in such areas as loan and hardship withdrawals, contribution limits and nondiscrimination.  More…

Financial Reporting & Plan Audit Services
Support for Form 5500 preparation and plan audits, including an online instructional/reporting package.  More…

Service & Fee Disclosure Support
Assistance in understanding your responsibilities and simplifying compliance.  More…