MS 0053600536 Microsite Pages** 630 AWADE 536 Eastern Michigan University 536 Eastern Michigan University 2009-06-27T19:30:15.184 03/31/2009 536 Eastern Michigan University MI EH99, EG66, KF66, KG46, N376, KG44, KF67 Y Y (734) 332-3504 N ( ) - N ( ) - Premier Non-Sole Recordkeeper 1 http://www.tiaa-cref.og/emich MI OH Y 129 emich http://www.tiaa-cref.og/emich http://enroll.tiaamax.com/staging/emich http://www.emich.edu/hr/ Y 1 769 770 63 emich_img.gif Y Y 768 770 769 29845 11368 768 EMU DC Plan Eastern Michigan University Defined Contribution Retirement Plan Eastern Michigan University 403(b) Defined Contribution Retirement Plan GRA 0 0 100450 001 0 1 0 0 1 0 1 1 Paper Online 1 Eastern Michigan University 403(b) Defined Contribution Retirement Plan: 100450 0 This is HARDCODED URL N 100450 Y Y Money Market Fund Y 0 fundmappinginfo.pdf 20070227 0 20070227 0 0 Partner funds Lifecycle funds TIAA-CREF mutual funds Y CUSTOM Participation in the EMU Defined Contribution Retirement Plan is mandatory for all eligible groups of employees upon employment. Eligible groups include: Administrative Professionals/Athletic Coaches; Campus Police; Confidential Clerical Staff; Clerical/Secretarial Staff, Faculty; Food Service, Custodian & Maintenance Staff; 100% Lecturer; Police Sergeants; Professional/Technical Staff. This plan is designed to help you save money to fund your retirement. Employer (F) Rollover (9) CUSTOM The EMU Defined Contribution Retirement Plan is noncontributory (employer contribution only) for all eligible groups. Following is the contribution amount, shown as a percentage of salary, made by EMU on behalf of employees for each eligible group: Administrative Professionals/Athletic Coaches = 11%; Campus Police = 10%; Confidential Clerical Staff = 11%; Clerical/Secretarial Staff = 8%, Faculty = 10.75%; Food Service, Custodian &amp; Maintenance Staff = 9%; 100% Lecturer = 10%; Police Sergeants = 11%; Professional/Technical Staff = 10%. None 0 0 STANDARD Y STANDARD STANDARD N Lump Sum Fixed Period IPRO Lifetime Income MDO (Minimum Distribution Option) Rollover RTB (Retirement Transition Benefit) Single Sum Death Benefit Small Sum Distribution SWAT (Systematic Withdrawals) TPA to Cash (Transfer Payout Annuity) STANDARD Y STANDARD N STANDARD 0 0 500 - 0 770 EMU TDA Plan Eastern Michigan Tax-Deferred Annuity Plan Eastern Michigan University 403(b) Group Supplemental Retirement Annuity Plan GSRA 0 0 100451 002 0 1 0 0 1 0 1 1 Paper Online 1 Eastern Michigan University 403(b) Group Supplemental Retirement Annuity Plan: 100451 0 This is HARDCODED URL N 100451 Y Y Money Market Fund Y 0 fundmappinginfo.pdf 20070227 0 20070227 0 0 Partner funds Lifecycle funds TIAA-CREF mutual funds Y CUSTOM All permanent employees are eligible to participate in the EMU Tax Deferred Annuity Plan. This is an optional plan designed to help you save for retirement and supplement your defined contribution plan. Employee After-Tax (K) Employee Pre-Tax (E) Rollover (9) CUSTOM This plan allows only employee contributions. None 0 0 STANDARD Y STANDARD STANDARD N Lump Sum 59 -1/2 In Service Fixed Period Hardship IPRO Lifetime Income MDO (Minimum Distribution Option) Other In Service Rollover RTB (Retirement Transition Benefit) Single Sum Death Benefit Small Sum Distribution SWAT (Systematic Withdrawals) TPA to Cash (Transfer Payout Annuity) STANDARD Y STANDARD Y STANDARD 1 1 502 Eastern Michigan Supplemental.pdf Salary Reduction Agreement: 403(b) GSRA Plan 0 769 EMU 457(b) Plan Eastern Michigan University 457(b) Deferred Compensation Plan Eastern Michigan University 457(b) Deferred Compensation Plan 457(b) Public 0 0 100452 003 0 1 0 0 1 0 1 1 Paper Online 1 Eastern Michigan University 457(b) Deferred Compensation Plan: 100452 0 This is HARDCODED URL N 100452 Y Y Money Market Fund Y 0 fundmappinginfo.pdf 20070227 0 20070227 0 0 Partner funds Lifecycle funds TIAA-CREF mutual funds Y CUSTOM All permanent employees are eligible to participate in the EMU 457(b) Deferred Compensation Plan. This is an optional plan designed to help you save for retirement and supplement your defined contribution plan. Employee After-Tax (K) Employee Pre-Tax (E) Rollover (9) STANDARD None 0 0 STANDARD Y STANDARD STANDARD N Lump Sum Lifetime Income MDO (Minimum Distribution Option) Rollover RTB (Retirement Transition Benefit) Single Sum Death Benefit Small Sum Distribution SWAT (Systematic Withdrawals) TPA to Cash (Transfer Payout Annuity) STANDARD Y STANDARD N STANDARD 1 1 501 Eastern Michigan 457(b) Plan.pdf Salary Reduction Agreement: 457b Deferred Compensation Plan 0 Equities Variable Annuity CREF Equity Index Account 008 0 1 Proprietary Accounts - Equity n/a 41518 The investment seeks long-term return. The fund attempts to track the U.S. stock market as a whole by investing substantially all of its assets in stocks included in the Russell 3000 index. It does not hold all 3000 of the stocks included in the index. Instead, it may use a sampling method to try to emulate the index's overall investment characteristics. 194408308 768 769 770 Large Blend 04/29/1994 -10.86 -10.86 -38.35 -4.95 -2.57 5.45 0.50 90 105 25 34 44 49 90 104 105 121 122 CREF Global Equities Account 006 0 1 Proprietary Funds - International n/a 41518 The investment seeks long-term total return. The fund invests at least 80% of assets in equity securities of foreign and domestic companies. It may invest at least 40% of assets in foreign securities and at least 25% in domestic securities. The remaining 35% is distributed between foreign and domestic securities. 194408100 768 769 770 World Stock 05/01/1992 -11.19 -11.19 -43.13 -4.10 -2.41 4.79 0.62 90 105 25 34 44 90 104 105 107 121 122 CREF Growth Account 007 0 1 Proprietary Accounts - Growth n/a 41518 The investment seeks total return. The account normally invests at least 80% of assets in common stocks and other equity securities. It invests primarily in large, well-known, established companies, particularly when we believe they have new or innovative products, services, or processes that enhance future earnings prospects. The fund may invest in smaller, less seasoned companies with growth potential as well as companies in new and emerging areas of the economy. It invest up to 20% of its assets in foreign securities. 194408209 768 769 770 Large Growth 04/29/1994 -3.97 -3.97 -34.88 -4.63 -5.75 3.81 0.58 90 105 25 34 44 49 90 104 105 121 122 CREF Stock Account 002 0 1 Proprietary Account - Stock n/a 41518 The investment seeks long-term total return. The fund invests in foreign stocks and other equity securities. It also may invest in fixed-income securities and money market instruments traded on foreign exchanges, in other foreign securities markets or privately placed. The fund invests a portion of its foreign investments in emerging market securities and, to a lesser extent, foreign small-cap equities. It intents to transition weightings of its holdings to be approximately 70-75% domestic equities and 25-30% foreign equities, with approximately 5% of the Account comprised of emerging market investments. 194408803 768 769 770 Large Blend 08/01/1952 -10.59 -10.59 -40.31 -4.14 -2.08 9.13 0.56 90 105 25 34 44 49 90 104 105 121 122 Mutual Fund American Funds EuroPacific Growth Fund RERFX 035 0 1 Partner Funds - International R5 41518 The investment seeks long-term growth of capital. The fund primarily invests in securities of issuers located in Europe and the Pacific Basin. It is designed for investors seeking capital appreciation and diversification through investments in stocks of issuers based outside the United States. 298706839 768 769 770 Foreign Large Blend RERFX 05/15/2002 -7.87 -7.87 -40.37 1.75 4.01 0.55 40 34 40 44 104 107 121 122 American Funds Washington Mutual Investors Fund RWMFX 036 0 1 Partner Funds - Equity R5 41518 The investment seeks income and opportunity for growth of principal consistent with sound common stock investing. The fund invests primarily in common stocks of larger, more established companies that are listed on, or meet the financial listing requirements of, the New York Stock Exchange and have a strong record of earnings and dividends. It strives to maintain a fully invested, diversified portfolio, consisting primarily of high-quality common stocks. In the selection of securities, current and potential yield as well as the potential for long-term capital appreciation are considered. 939330833 768 769 770 Large Value RWMFX 05/15/2002 -13.09 -13.09 -36.70 -4.18 -2.15 0.37 40 34 40 44 49 104 121 122 TIAA-CREF International Equity Index Fund TRIEX 027 0 1 Proprietary Funds - International Retirement 41518 The investment seeks a favorable long-term total return. The fund invests primarily in a portfolio of foreign equity investments based on a market index. Its benchmark is MSCI EAFE index. 87244W490 768 769 770 Foreign Large Blend TRIEX 10/01/2002 -15.06 -15.06 -46.12 -2.33 4.68 0.36 34 44 104 107 121 122 131 TIAA-CREF Large-Cap Value Index Fund TRCVX 020 0 1 Proprietary Funds - Equity Retirement 41518 The investment seeks a favorable long-term total return. The fund invests primarily in a portfolio of equity securities of large domestic value companies based on a market index. Its benchmark is Russell 1000 Value index. 87244W656 768 769 770 Large Value TRCVX 10/01/2002 -16.76 -16.76 -42.49 -5.25 1.03 0.35 34 44 49 104 121 122 TIAA-CREF Mid-Cap Growth Fund TRGMX 015 0 1 Proprietary Funds - Equity Retirement 41518 The investment seeks a favorable long-term total return. The fund normally invests at least 80% of net assets in mid-cap equity securities. It invests primarily in equity securities of medium-sized domestic companies, as defined by the fund’s benchmark index (the Russell Mid-cap Growth index). The fund may invest up to 20% of total assets in foreign investments. 87244W888 768 769 770 Mid-Cap Growth TRGMX 10/01/2002 -2.98 -2.98 -41.25 -4.35 4.12 0.81 34 44 49 104 121 122 TIAA-CREF Mid-Cap Value Fund TRVRX 016 0 1 Proprietary Funds - Equity Retirement 41518 The investment seeks a favorable long-term total return. The fund normally invests at least 80% of assets in mid-cap equity securities. It invests primarily in equity securities of medium-sized domestic companies, as defined by the fund’s benchmark index (the Russell Mid-cap Value index). The fund may invest up to 20% of assets in foreign investments. 87244W854 768 769 770 Mid-Cap Value TRVRX 10/01/2002 -9.14 -9.14 -41.01 -1.96 5.80 0.77 34 44 49 104 121 122 TIAA-CREF Small-Cap Blend Index Fund TRBIX 024 0 1 Proprietary Funds - Equity Retirement 41518 The investment seeks a favorable long-term total return. The fund invests primarily in a portfolio of equity securities in smaller domestic companies based on a market index. Its benchmark is Russell 2000 index. 87244W565 768 769 770 Small Blend TRBIX 10/01/2002 -15.02 -15.02 -37.51 -5.45 3.18 0.42 34 44 49 104 121 122 131 Vanguard Asset Allocation Fund VAAPX 029 0 1 Non-Proprietary Funds - Equity Investor 41518 The investment seeks to maximize long-term total return. The fund allocates assets among common stocks, bonds, and money-market instruments. It may invest up to 100% of total assets in any one of the three asset classes. 922020102 768 769 770 Moderate Allocation VAAPX 11/03/1988 -10.32 -10.32 -37.02 -4.28 -0.93 7.58 0.39 40 34 40 44 49 104 121 122 Vanguard Explorer Fund VEXRX 030 0 1 Non-Proprietary Funds - Equity Admiral 41518 The investment seeks to provide long-term capital appreciation. The fund invests mainly in the stocks of small companies. These companies tend to be unseasoned but are considered by the advisors to have superior growth potential. These companies often provide little or no dividend income. 921926200 768 769 770 Small Growth VEXRX 11/12/2001 -7.55 -7.55 -37.11 -5.40 -0.35 0.32 40 34 40 44 49 104 121 122 Real Estate Variable Annuity TIAA Real Estate Account 009 0 0 Proprietary Account - Money Market n/a 41518 The account seeks favorable long-term returns primarily through rental income and appreciation of real estate investments owned by the Account. The Account intends to invest between 70 percent to 85 percent of its assets directly in real estate or real estate-related investments. The account will invest the remaining portion of its assets in government and corporate debt securities, money market instruments and other cash equivalents, and, at times, stock of companies that do not primarily own or manage real estate. 878094200 768 769 770 10/02/1995 -8.36 -8.36 -21.87 5.14 6.20 6.77 90 105 25 34 44 90 101 105 122 Fixed Income Variable Annuity CREF Bond Market Account 005 0 1 Proprietary Funds - Fixed Income n/a 41518 The investment seeks high current income consistent with capital preservation. The account invests at least 80% of assets in a broad range of debt securities. It invests majority of the assets in U.S. Treasury and Agency securities, corporate bonds and mortgage-backed or other asset-backed securities. 194408407 768 769 770 Intermediate-Term Bond 03/01/1990 0.47 0.47 0.22 3.12 5.14 6.67 0.54 90 105 25 34 44 62 90 104 105 121 122 CREF Inflation-Linked Bond Account 010 0 1 Proprietary Funds - Fixed Income n/a 41518 The investment seeks a long-term rate of return that outpaces inflation. The fund invests at least 80% of assets in U.S. Treasury Inflation-Indexed Securities (TIIS). It can also invest in other inflation-indexed bonds issued or guaranteed by the U.S. government or its agencies, by corporations and other U.S. domiciled issuers as well as foreign governments. The fund may invest in money market instruments or other short-term securities. 194408506 768 769 770 Inflation-Protected Bond 05/01/1997 4.17 4.17 -2.77 3.68 6.86 6.32 0.54 90 105 25 34 44 90 92 104 105 122 Money Market Variable Annuity CREF Money Market Account 003 0 1 Proprietary Account - Money Market n/a 41518 The investment seeks high current income consistent with maintaining liquidity and preserving capital. The fund invests at least 95% of assets in money market instruments that at the time of purchase are first tier securities. It may invest up to 5% of assets in second tier securities and up to 30% of assets in money market and debt instruments of foreign issuers denominated in U.S. dollars. The dollar-weighted average maturity of the fund will be less than 90 days. 194408704 768 769 770 Money Market - Taxable 04/01/1988 0.11 0.11 1.67 3.17 3.24 4.57 0.49 78 90 105 25 30 34 44 78 90 104 105 108 121 122 Guaranteed Guaranteed Annuity TIAA Traditional Account 001 0 0 Proprietary Account - Money Market n/a 41518 The TIAA Traditional Annuity guarantees principal and a specified interest rate (based on TIAA's claims paying ability). It also offers the potential for greater growth through additional amounts, which may be declared on a year-by-year basis by the TIAA Board of Trustees. These additional amounts, when declared, remain in effect for the “declaration year” which begins each March 1.\n\nFor Retirement Annuity (RA) contracts, the TIAA annuity contract does not allow lump-sum cash withdrawals from the TIAA Traditional Annuity and transfers out must be spread over ten annual installments.\n\nFor Group Retirement Annuity (GRA) contracts, lump-sum withdrawals are available from the TIAA Traditional Annuity, subject to the terms of your employer plan, only within 120 days after termination of employment and are subject to a 2.5% surrender charge. All other withdrawals and all transfers from TIAA Traditional to any variable annuity accounts or mutual funds offered through TIAA-CREF within the plan or to approved alternate carriers within the plan must be spread over ten annual installments (or over five years for withdrawals after termination of employment).\n\nFor Retirement Choice Annuity (RC) contracts, subject to the terms of your employer’s plan, within 120 days after termination of employment, withdrawals from the TIAA Traditional Annuity may be made available in a lump sum. Such withdrawals are subject to a 2.5% surrender charge. At all other times, withdrawals and transfers from TIAA Traditional to any variable annuity accounts or mutual funds offered through TIAA-CREF within the plan or to approved alternate carriers within the plan from the TIAA Traditional Annuity must be spread over an 84-month period (7 years) in monthly systematic payments. 878094101 768 769 770 5.16 4.69 6.08 4.00 90 105 26 32 90 101 105 122 Multi-Asset Variable Annuity CREF Social Choice Account 004 0 1 Proprietary Account - Social n/a 41518 The investment seeks total return consistent with certain social criteria. The fund invests in a diversified portfolio of equity, debt, and money-market securities. It normally invests 60% of assets in equities and 40% in debt securities. The fund invests in companies included in the KLD Broad Market Social index which is a subset of companies in the Russell 3000 index screened to eliminate companies that do not meet certain social criteria 194408605 768 769 770 Moderate Allocation 03/01/1990 -6.36 -6.36 -24.85 -1.62 0.59 7.21 0.52 90 105 25 34 44 49 90 104 105 121 122 Mutual Fund TIAA-CREF Lifecycle Fund 2010 TCLEX 135 0 1 Proprietary Funds - Asset Allocation Retirement 41518 The investment seeks high total return through capital appreciation and income. The fund invests primarily in underlying funds according to an asset allocation strategy designed for investors planning to retire in or within a few years of 2010. It expects to allocate approximately 51.60% of assets to equity underlying funds and 48.40% of assets to fixed-income underlying funds. 87244W458 768 769 770 Target Date 2000-2010 TCLEX 10/15/2004 -5.32 -5.32 -23.66 -1.12 0.87 34 44 49 104 121 122 TIAA-CREF Lifecycle Fund 2015 TCLIX 136 0 1 Proprietary Funds - Asset Allocation Retirement 41518 The investment seeks high total return through capital appreciation and income. The fund invests in underlying funds according to an asset allocation strategy designed for investors planning to retire in or within a few years of 2015. It expects to approximately 59.60% of assets to equity underlying funds and 40.40% of assets to fixed-income underlying funds. 87244W441 768 769 770 Target Date 2011-2015 TCLIX 10/15/2004 -6.28 -6.28 -26.86 -1.86 0.89 34 44 49 104 121 122 TIAA-CREF Lifecycle Fund 2020 TCLTX 137 0 1 Proprietary Funds - Asset Allocation Retirement 41518 The investment seeks high total return through capital appreciation and income. The fund invests in underlying funds according to an asset allocation strategy designed for investors planning to retire in or within a few years of 2020. It expects to allocate approximately 67.60% of assets to equity underlying funds and 32.40% of assets to fixed-income underlying funds. 87244W433 768 769 770 Target Date 2016-2020 TCLTX 10/15/2004 -7.22 -7.22 -30.09 -2.83 0.92 34 44 49 104 121 122 TIAA-CREF Lifecycle Fund 2025 TCLFX 138 0 1 Proprietary Funds - Asset Allocation Retirement 41518 The investment seeks high total return through capital appreciation and income. The fund invests in underlying funds according to an asset allocation strategy designed for investors planning to retire in or within a few years of 2025. It expects to allocate approximately 75.60% of assets to equity underlying funds and 24.40% of assets to fixed-income underlying funds. 87244W425 768 769 770 Target Date 2021-2025 TCLFX 10/15/2004 -8.24 -8.24 -33.20 -3.75 0.94 34 44 49 104 121 122 TIAA-CREF Lifecycle Fund 2030 TCLNX 139 0 1 Proprietary Funds - Asset Allocation Retirement 41518 The investment seeks high total return through capital appreciation and income. The fund invests in underlying funds according to an asset allocation strategy designed for investors planning to retire in or within a few years of 2030. It expects to allocate approximately 83.60% of assets to equity underlying funds and 16.40% of assets to fixed-income underlying funds. 87244W417 768 769 770 Target Date 2026-2030 TCLNX 10/15/2004 -9.19 -9.19 -36.20 -4.73 0.96 34 44 49 104 121 122 TIAA-CREF Lifecycle Fund 2035 TCLRX 140 0 1 Proprietary Funds - Asset Allocation Retirement 41518 The investment seeks high total return through capital appreciation and income. The fund invests in underlying funds according to an asset allocation strategy designed for investors planning to retire in or within a few years of 2035. It expects to allocate approximately 90.0% of assets to equity underlying funds and 10.0% of assets to fixed-income underlying funds. 87244W391 768 769 770 Target Date 2031-2035 TCLRX 10/15/2004 -9.72 -9.72 -37.92 -5.06 0.98 34 44 49 104 121 122 TIAA-CREF Lifecycle Fund 2040 TCLOX 141 0 1 Proprietary Funds - Asset Allocation Retirement 41518 The investment seeks high total return through capital appreciation and income. The fund invests in underlying funds according to an asset allocation strategy designed for investors planning to retire in or within a few years of 2040. It expects to allocate approximately 90.0% of assets to equity underlying funds and 10.0% of assets to fixed-income underlying funds. 87244W383 768 769 770 Target Date 2036-2040 TCLOX 10/15/2004 -9.69 -9.69 -37.86 -4.65 0.95 34 44 49 104 121 122 Asset allocation risk is the risk that a fund or account that invests in other funds or accounts may not be able to invest according to its target allocations due to fluctuations in the value of the underlying funds or accounts, and that the selection of underlying funds or accounts and the allocations among them will result in the fund or account's underperformance versus similar funds or accounts or will cause an investor to lose money. Company risk is the risk that the earnings prospects and overall financial position of the issuer of a security will deteriorate, causing a decline in the security's value over short or extended periods of time. Credit risk (a type of company risk) is the risk that a decline in a company's overall financial soundness may make it unable to pay principal and interest on bonds when due. Extension risk is the risk of decline in value for certain fixed-income securities because principal payments are not made as early as possible. Foreign investment risks are the risks of investing in securities of foreign issuers, in securities or contracts traded on foreign exchanges or in foreign markets, or in securities or contracts payable in foreign currency. Foreign investing involves special risks, including erratic market conditions, economic and political instability, and fluctuations in currency exchange rates. These investment risks may be magnified in emerging markets. Growth investing risks include the risk that, due to their relatively high valuations, growth stocks will be more volatile than value stocks. In addition, because the value of growth companies is generally a function of their expected earnings growth, there is a risk that such earnings growth may not occur or cannot be sustained. Illiquid security risk is the risk that investments in illiquid securities may be difficult to sell for their fair market value. Income volatility risk is the risk that the level of current income from a portfolio of fixed-income securities may decline in certain interest rate environments. Index risk is the risk that the performance of a fund or account will not match the performance of its index for any period of time. Although a fund or account attempts to closely track the investment performance of the index, the fund or account may not duplicate the composition of this index. In addition, its performance, unlike that of its index, is affected by investment and other operating expenses. Interest rate risk (a type of market risk) is the risk that bond prices or the income of a fund or account may decline if interest rates change. Large-cap risk is the risk that, by focusing on investments in securities of larger companies, a fund or account may have fewer opportunities to identify securities that the market misprices. In addition, larger companies may grow more slowly than the economy as a whole or not at all. Manager risk is the chance that poor security selection will cause the Fund to underperform relevant benchmarks or other funds with a similar investment objective. Market risk is the risk that the price of securities may decline in response to general market and economic conditions or events. Mid-cap risk is the risk that the securities of medium-sized companies will be more volatile than those of larger companies. In addition, the securities of medium-sized companies may be harder to buy or sell than those of larger, more established, companies. Prepayment and extension risk is the risk of a decline for certain fixed-income securities that allow for the early prepayment of principal, and the risk that a fund or account's income will decline as a result of the prepayment. Real estate investing risks are the risks associated with real estate ownership, including fluctuations in property values, higher expenses or lower income than expected, and potential environmental problems and liability. Real estate securities risk is the risk that a fund that concentrates its investments in real estate securities and holds securities of relatively few issuers may experience greater fluctuations in value and be subject to a greater risk of loss than other mutual funds. Reorganization risk is the risk that stocks of companies involved in reorganizations and other special situations can involve more risk than ordinary securities. Accordingly, the performance of a fund or account that invests in such companies is often more volatile than the performance of the overall stock market, and the fund or account could significantly outperform or underperform the stock market during any particular period. Risk of socially screened investing is the possibility that funds or accounts whose social screens exclude some investments may not be able to take advantage of the same opportunities or market trends as funds or accounts that do not use such criteria. Risks of inflation-indexed bonds include the risk that market values of inflation-indexed bonds can be affected by changes in investors' inflation expectations or changes in "real" rates of interest (i.e., a security's return above the inflation rate). Also, the inflation index that a bond is intended to track may not accurately reflect the true rate of inflation. If the market perceives that an index does not accurately reflect inflation, the market value of inflation-indexed bonds could be adversely affected. In addition, an investment in a fund or account that invests in inflation-indexed bonds is subject to certain special tax considerations. Small-cap risk is the risk that the securities of smaller companies may experience steeper fluctuations in price than those of larger companies. These securities may also have to be sold at a discount from their current market prices or in small lots over an extended period. Small-cap/mid-cap risk is the risk that smaller company securities may experience steeper fluctuations in price than the securities of larger companies. They may also have to be sold at a discount from their current market prices or in small lots over an extended period, since they may be harder to sell than larger-cap securities. Style risk is the risk that a fund or account's growth investing or value investing style may be out of favor in the marketplace for various periods of time. Value investing risks are the risks that (1) the issuer's potential business prospects may not be realized; (2) the securities' potential values may never be recognized by the market; and (3) due to unanticipated problems associated with the issuer or industry, the securities were appropriately priced (or overpriced) when acquired. Data Provided by Morningstar, Inc. © 2009 Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. The comparative indices used for all mutual funds and accounts have been provided by Morningstar, Inc. and may not match those that appear in other websites or publications. <b>The returns quoted represent past performance, which is no guarantee of future results. Returns and the principal value of your investment will fluctuate. Current performance may be higher or lower than that shown above, and you may have a gain or a loss when you redeem your mutual fund shares/annuity account accumulation units. For current performance information, including performance to the most recent month-end, call 800 TIAA-CREF (800 842-2273).</b> <b><i>TIAA-CREF Individual &amp; Institutional Services, LLC and Teachers Personal Investors Services, Inc., members FINRA, distribute securities products. Annuity contracts and certificates are issued by Teachers Insurance and Annuity Association (TIAA) and College Retirement Equities Fund (CREF), New York, NY. You should consider the investment objectives, risks, charges and expenses carefully before investing. Please call 877-518-9161, or go to tiaa-cref.org for a current prospectus that contains this and other information. Please read the prospectus carefully before investing. All investment vehicles are subject to market and other risk factors, which could result in loss of principal.</i></b> <b>An investment in the CREF Money Market Account is not a deposit of any bank and is neither insured nor guaranteed by the Federal Deposit Insurance Corporation or any other U.S. government agency.</b> The 7-day money market yield listed more closely reflects the current earnings of the money market annuity account than does the total return. For each fund with at least a three-year history, Morningstar calculates a Morningstar Rating<SUP>®</SUP>based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a fund's monthly performance (including the effects of sales charges, loads, and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. The top 10% of funds in each category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars and the bottom 10% receive 1 star. (Each share class is counted as a fraction of one fund within this scale and rated separately, which may cause slight variations in the distribution percentages.) The Overall Morningstar Rating for a fund is derived from a weighted average of the performance figures associated with its three-, five- and ten-year (if applicable) Morningstar Rating metrics. [Insert name of fund] was rated against the following numbers of U.S.-domiciled [insert name of category] funds over the following time periods: [insert number of funds in category during prior 3-year period] funds in the last three years, [insert number of funds in category during the prior 5-year period] funds in the last five years, and [insert number of funds in category during the prior 10-year period] funds in the last ten years. With respect to these [insert name of category] funds, [insert name of fund] received a Morningstar Rating of [insert number of stars for 3-year rating] stars, [insert number of stars for 5-year rating] stars and [insert number of stars for 10-year rating] stars for the three-, five- and ten-year periods, respectively. All CREF accounts estimate expenses each year based on projected expense and asset levels. Differences between actual expenses and the estimate are adjusted quarterly and are reflected in current investment results. Historically, adjustments have been small. The TIAA Traditional Annuity guarantees principal and a specified interest rate (based upon TIAA's claims-paying ability). It also offers the potential for greater growth through additional amounts, which may be declared on a year-by-year basis by the TIAA Board of Trustees. If you have an RA contract, the TIAA annuity contract does not allow lump-sum cash withdrawals from the TIAA Traditional Annuity and transfers must be spread over a ten-year period. If you have a GRA contract, lump-sum withdrawals are available from the TIAA Traditional Annuity only within 120 days after termination of employment and are subject to a surrender charge. All other withdrawals and all transfers to the Real Estate Account or to CREF must be spread over a ten annual installments (five years for withdrawals after termination of employment). Interest credited to TIAA Traditional Annuities includes a guaranteed rate of between 1% and 3%, plus any additional amounts that are established on a year-by-year basis. The additional amounts, when declared, remain in effect through the "declaration year," which begins each March 1. Accumulations in mutual funds not managed by TIAA-CREF may be subject to administrative charges. These charges are subject to change. Please review current documents related to your plan. The S&amp;P 500 Index is a market-capitalization-weighted index of the 500 leading companies in major industries of the U.S. economy. You cannot invest directly in this index. S&amp;P 500 is a registered trademark and service mark of the McGraw-Hill Companies. The Lehman Brothers U.S. Aggregate Index measures the performance of the U.S. investment-grade, fixed-rate bond market, including government and credit securities, agency mortgage pass-through securities, asset-backed securities, and commercial mortgage-backed securities. You cannot invest directly in this index. Annuity contracts and certificates are issued by Teachers Insurance and Annuity Association (TIAA) and College Retirement Equities Fund (CREF), New York, NY. The Lehman Brothers U.S. TIPS (Treasury Inflation-Protected Securities) Index measures the performance of fixed-income securities with fixed-rate coupon payments that adjust for inflation as measured by the Consumer Price Index for All Urban Consumers. You cannot invest directly in this index. All displayed performance and statistical data have been compiled by TIAA-CREF. Annuities are designed for retirement savings or for other long-term goals. They offer several payment options, including lifetime income. Payments from TIAA and CREF variable annuities are not guaranteed, and the payment amounts will rise or fall depending on investment returns. Mutual funds do not offer the range of income options available through annuities. Listed for foreign stock funds (EAFE refers to Europe, Australasia, and Far East). Widely accepted as a benchmark for international stock performance, the EAFE Index is an aggregate of 21 individual country indexes that collectively represent many of the major markets of the world. Ndtr_D (Net Dividends Total Returns in Dollars) indexes are calculated daily and take into account actual dividends reinvested daily before withholding taxes, but exclude special tax credits declared by companies. In addition, Ndtr_D indexes subtract withholding taxes retained at the source, for foreigners who do not benefit from a double taxation treaty. The returns we publish for the index are total returns, which include reinvestment of dividends. For more information, visit the MSCI website or call MSCI at 212 762 5790. MSCI also has a site containing performance data for its indexes. Three-month T-bills are government-backed short-term investments considered to be risk-free and as good as cash because the maturity is only three months. Morningstar collects yields on the T-bill on a weekly basis from The Wall Street Journal. You will be charged a 2.00% fee of the amount redeemed or exchanged out of the fund within 60 calendar days of the initial purchase date. Please see the prospectus for details about this redemption fee and certain exemptions that may apply. The above performance data does not reflect the deduction of the redemption fee, and if reflected, the fee would reduce the performance quoted. 6853 Paul Matthews TIAA-CREF pmatthews2@tiaa-cref.org (617) 276-7641 8-5 Boston Office (Roaming) Boston MA US 28262 OFFICE 1 1 Paul Matthews 7702 Enrollment Forms Return Address 140 Mckenny Hall Ypsilanti MI US 48197 Benefits Office OFFICE 1 1 6279 Jeanette Hassan Benefits Office jeanette.hassan@emich.edu (734) 487-3195 www.emich.edu/hr/ Monday - Friday, 9 a.m. - 5 p.m. (CT) 140 Mckenny Hall Ypsilanti MI US 48197 Benefits Office OFFICE 1 1 Jeanette Hassan Group Retirement Annuity (GRA) Contract Form Series G-1000.4 and G-1000.5 Group Supplemental Retirement Annuity (GSRA) Contract Form Series 1250.01 (not available in all states) Group Supplemental Retirement (GSRA) Annuity contract form series G1250.1 (not available in all states).