MS
0068800688
Microsite Pages**
1584
HAPPAJI
688
Minnesota State Colleges & Universities
688
Minnesota State Colleges & Universities
2009-09-09T11:24:25.537
06/30/2009
688
Minnesota State Colleges & Universities
MN
10126, 101215, 101214,
Y
Y
(800) 877-6602
N
( ) -
N
MnSCU Retirement Center
(800) 682-8969
Premier
Sole Recordkeeper/Sole Provider
1
http://www.tiaa-cref.org/mnscu
IA
MN
ND
WI
Y
653
mnscu
http://www.tiaa-cref.org/mnscu
http://enroll.tiaamax.com/staging/mnscu
http://www.hr.mnscu.edu/retirement/campus_resources/index_campusresource.html
Y
1
126
mnscu_img.gif
Y
Y
993
994
995
10927
6651
993
IRAP - 401(a)
Mn State Colleges & Universities IRAP Plan
Individual Retirement Account Plan (IRAP)
Retirement Choice (ICAP)
0
0
101214
001
0
1
1
0
1
0
1
1
Online
Paper
0
Individual Retirement Account Plan (IRAP): MnSCUIRAP
0
This is HARDCODED URL
N
MnSCUIRAP
Y
N
Money Market Fund
Y
0
fundmappinginfo.pdf
20070227
0
20070227
0
0
Non-proprietary funds
Partner funds
Y
CUSTOM
<DIV>Employees are eligible to participate in IRAP at the time they are employed for at least 25% of a full-time equivalent position as a faculty member, in an unclassified educational administration position, or as a MnSCU Administrator. <BR></DIV>
<DIV><B><BR>Faculty members and employees in unclassified educational administration positions</B></DIV>
<DIV>Faculty members and employees in unclassified educational administration positions can elect to participate in the Minnesota Teachers' Retirement Association (TRA) within one year of their eligibility for the retirement program. The election to the TRA is irrevocable and applies to all subsequent qualified employment with MnSCU. </DIV>
<DIV> </DIV>
<DIV><B>MnSCU Administrators</B></DIV>
<DIV>MnSCU Administrators are enrolled in IRAP immediately upon meeting the eligibility requirements, with one exception: MnSCU Administrators who were employed by the State of Minnesota prior to July 1 1995 may be eligible for participation in the State's defined benefit retirement plan. </DIV>
Employee After-Tax (K)
Employer Match (D)
Employee Pre Tax Mandatory (I)
Rollover (9)
CUSTOM
<DIV>An employee enrolled in IRAP is required to make contributions to the Plan each active pay period through payroll deduction. Deductions are taken at a rate of 4.5% of gross compensation for all participants. The rates may be changed statutorily. <BR></DIV>
<DIV> </DIV>
<DIV>Gross compensation does not include: </DIV>
<OL>
<LI>severance pay or early separation incentive pay; </LI>
<LI>amounts paid in lieu of vacation; </LI>
<LI>reimbursement amounts; or</LI>
<LI>payments that are not a part of regular compensation. </LI></OL>
<DIV>Contributions are deducted from each paycheck on a pretax basis and deposited in the Plan. The contributions are subject to FICA and Medicare tax so participants' future Social Security benefits are not reduced by participation in the Plan. </DIV>
None
0
0
CUSTOM
Participants who are currently employed and have employee contributions deducted from their pay receive matching contributions from their employer. A matching contribution equal to 6% of the employee's gross compensation is made to IRAP.
Y
CUSTOM
<p>"Vesting" refers to the employees' right, usually earned over time, to receive some retirement benefits regardless of whether or not they remain with the employer. Your contribution to this account will be 100% vested immediately.</p>
STANDARD
N
Lump Sum
IPRO
Lifetime Income
MDO (Minimum Distribution Option)
RTB (Retirement Transition Benefit)
Single Sum Death Benefit
Small Sum Distribution
SWAT (Systematic Withdrawals)
STANDARD
N
CUSTOM
<SPAN class=cntHdr01><STRONG><FONT color=#567847>Retirement Plans</FONT></STRONG></SPAN>
<P>Retirement plan contributions are usually made with before-tax dollars so Federal income taxes are deferred until you begin taking withdrawals later on.</P>
<P>No taxes are due on pre-tax contributions and earnings made until the money is withdrawn, but because these plans are intended primarily for retirement, you can generally withdraw funds only after termination of employment or age 59 ½ (subject to plan rules). If you withdraw funds before age 59 ½, they may be subject to an additional 10% early-withdrawal penalty.</P>
<P>For additional information and guidance, contact your tax advisor. </P>
N
STANDARD
0
0
7351
-
0
994
SRP - 401(a)
Mn State Colleges & Univerisities SRP Plan
Supplemental Retirement Plan (SRP)
Retirement Choice (ICAP)
0
0
101215
002
0
1
1
0
1
0
1
1
Online
Paper
0
Supplemental Retirement Plan (SRP): MnSCUSRP
0
This is HARDCODED URL
N
MnSCUSRP
Y
N
Money Market Fund
Y
0
fundmappinginfo.pdf
20070227
0
20070227
0
0
Non-proprietary funds
Partner funds
N
CUSTOM
<div>Employees are eligible for the Supplemental Retirement Plan (SRP) on July 1 following completion of two full-time years of service as a faculty member, in an unclassified educational administration position, as a MnSCU Administrator, or any combination thereof. A full-time year must be earned within one fiscal year. Partial years of service are not cumulative over several years. However, the two full-time years do not have to be earned in consecutive fiscal years. All unclassified service with the Community Colleges, State Universities and Technical Colleges count toward earning the required two full-time years of service. <br></div> <div> </div> <div>Once an employee has met the eligibility requirements, all future service (in eligible positions) will be covered by the Supplemental Retirement Plan. Future service includes part-time appointments and service following a termination or leave. Future service does not include additional employment following retirement. </div> <div> </div> <div>Participation in SRP is mandatory upon meeting the eligibility requirements. Upon becoming eligible, employees receive notification of their eligibility along with information on the investment options available in the Plan. The employee is set up on the payroll system effective July 1 of the fiscal year in which they become eligible for the plan. Payroll deductions will begin when they meet the $6,000 compensation minimum for the Plan. </div>
Employee After-Tax (K)
Employer Match (D)
Employee Pre Tax Mandatory (I)
Rollover (9)
CUSTOM
<div>An employee enrolled in the Supplemental Retirement Plan (SRP) is required to make contributions to the Plan through payroll deduction. Deductions are taken at a rate of 5% on gross compensation in excess of $6,000 but limited to the maximum set by the employee's bargaining unit or personnel policy. The amount of SRP contribution required for employees is specified in their bargaining agreement or personnel policy. </div> <div> </div> <div>Contributions are deducted from each paycheck on a pretax basis and deposited in the Plan. The contributions are subject to Social Security tax, so the participant's future Social Security benefits are not reduced by participation in the Plan. </div>
None
0
0
CUSTOM
A participant who is currently employed and has employee SRP contributions deducted from their pay receives MnSCU matching contributions. MnSCU makes a contribution equal to 100% of the employee's contributions to the SRP.
Y
CUSTOM
<p>"Vesting" refers to the employees' right, usually earned over time, to receive some retirement benefits regardless of whether or not they remain with the employer. Your contribution to this account will be 100% vested immediately.</p>
STANDARD
N
Lump Sum
IPRO
Lifetime Income
MDO (Minimum Distribution Option)
RTB (Retirement Transition Benefit)
Single Sum Death Benefit
Small Sum Distribution
SWAT (Systematic Withdrawals)
STANDARD
N
CUSTOM
<FONT color=#567847>Retirement Plans</FONT>
<P>Retirement plan contributions are usually made with before-tax dollars so Federal income taxes are deferred until you begin taking withdrawals later on.</P>
<P>No taxes are due on pre-tax contributions and earnings made until the money is withdrawn, but because these plans are intended primarily for retirement, you can generally withdraw funds only after termination of employment or age 59 ½ (subject to plan rules). If you withdraw funds before age 59 ½, they may be subject to an additional 10% early-withdrawal penalty.</P>
<P>For additional information and guidance, contact your tax advisor. </P>
N
STANDARD
0
0
7731
-
0
995
TSA - 403(b)
Mn State Colleges & Universities TSA Plan
Tax Sheltered Annuity Plan (TSA)
Retirement Choice Plus (ICAP)
0
1
101216
003
Note: Roth 403(b) savings are now available under the Tax Sheltered Annuity (TSA) plan. For details see the Contributions section of the MnSCU TSA Plan.
0
1
1
0
1
0
1
1
Online
Paper
0
Tax Sheltered Annuity Plan (TSA): MnSCUTSA
0
This is HARDCODED URL
N
<DIV>You must complete and submit your election for salary deduction contributions to the TSA plan through Employee Self-Service.</DIV>
<DIV> </DIV>
<DIV>Voluntary enrollment in the Tax Sheltered Annuity Plan (TSA) is not final until you elect your contribution amount on the State of Minnesota Employee Self Service website.</DIV>
<OL>
<LI>Log on to the <A href="https://www.s4web.state.mn.us/servlets/iclientservlet/employee/?cmd=login" target=_blank>Self Service site</A></LI>
<LI>Select "Other Payroll"</LI>
<LI>Select "Savings Plans"</LI>
<LI>Select "Input Deferred Comp/TSA Deduction"</LI>
<LI>Select "Add Savings Plan" button</LI>
<LI>Select "TSA-MnSCU" from the drop down menu at the Description box</LI>
<LI>Select (a) Start date for deductions and (b) Amount you want deducted from the "Before Tax" and/or "After Tax (Roth)" options.</LI></OL>
<P align=left> <STRONG>Note:</STRONG> You can enter either a lump sum amount or a percentage of your gross wages as the deduction amount.</P>
MnSCUTSA
Y
N
Money Market Fund
Y
0
19000101
1
Roth 403(b) savings are now available under the Tax Sheltered Annuity (TSA) plan. Click on the link below for details.
Roth 403(b)
20080401
0
0
Partner funds
Non-proprietary funds
Y
STANDARD
Employee After-Tax (K)
Employee Pre-Tax (E)
Rollover (9)
CUSTOM
The MnSCU TSA plan allows for employee contributions only. Contributions have generally been allowed on a pre-tax basis only. However, you now have available to you the ability to make Roth after-tax contributions as well. These after-tax contributions are included in your maximum contribution limits, plus any catch-up limits if applicable. For more information on the Roth 403(b) please click here (Roth pdf) or call TIAA-CREF at 800 842-2776, Monday through Friday, 8 a.m. to 10 p.m. or Saturday, 9 a.m. to 6 p.m. (ET)
None
0
0
STANDARD
Y
CUSTOM
<p>"Vesting" refers to the employees' right, usually earned over time, to receive some retirement benefits regardless of whether or not they remain with the employer. Your contribution to this account will be 100% vested immediately.</p>
STANDARD
N
Lump Sum
59 -1/2 In Service
Lifetime Income
MDO (Minimum Distribution Option)
RTB (Retirement Transition Benefit)
Single Sum Death Benefit
SWAT (Systematic Withdrawals)
STANDARD
N
CUSTOM
<FONT color=#567847>Supplemental Plans</FONT>
<P>Because you make contributions with pre-tax dollars, Federal income taxes are deferred on supplemental plans until you begin taking withdrawals later on. </P>
<P>No taxes are due on contributions and earnings until the money is withdrawn, but because these plans are intended primarily for retirement, you can generally withdraw funds only after termination of employment or age 59 ½ (subject to plan rules). If you withdraw funds before age 59 ½, they may be subject to an additional 10% early-withdrawal penalty.</P>
<P>For additional information and guidance, contact your tax advisor.</P>
Y
STANDARD
0
1
4748
-
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
993
994
995
04/29/1994
16.68
4.01
-26.74
-2.22
-1.78
6.43
0.00
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
993
994
995
05/01/1992
20.91
7.38
-30.36
-0.56
-1.08
5.88
0.00
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
993
994
995
04/29/1994
15.55
10.96
-26.02
-2.01
-5.01
4.74
0.00
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
993
994
995
08/01/1952
19.57
6.91
-27.61
-0.84
-1.04
9.43
0.00
90
105
25
34
44
49
90
104
105
121
122
Mutual Fund
Legg Mason Value Fund
LMNVX
283
0
1
Non-Proprietary
Funds - Equity
Institutional
41518
The investment seeks long-term growth of capital. The fund primarily invests in equity securities of companies with market capitalizations greater than $5 billion but may invest in companies of any size. It may invest up to 25% of total assets in long-term debt securities and up to 10% of total assets in debt securities rated below investment grade.
524659208
993
994
995
Large Blend
LMNVX
12/01/1994
29.40
14.52
-27.54
-9.50
-3.59
8.84
0.74
40
34
40
44
49
104
121
122
Royce Pennsylvania Mutual Fund
PENNX
381
0
1
Non-Proprietary
Funds - Equity
Investment
41518
The investment seeks long-term growth of capital. The fund normally invests at least 65% of assets in the equities of small- and micro-cap companies. The fund typically invests in companies with market capitalizations up to $2.5 billion. The fund may invest up to 25% of assets in the securities of foreign issuers. The advisor selects securities that it believes are trading significantly below its estimate of their current worth, basing this assessment chiefly on balance sheet quality and cash flow levels.
780905840
993
994
995
Small Blend
PENNX
12/12/1962
22.91
8.21
-25.79
0.79
7.30
0.91
40
34
40
44
49
121
122
T. Rowe Price International Growth & Income
TRIGX
384
0
1
Non-Proprietary
Funds - International
Investor
41518
The investment seeks long-term growth of capital and reasonable income. The fund expects to invests substantially all of assets outside the U.S. and to diversify broadly, primarily among the developed countries. It primarily invests in the stock of large, dividend-paying, well-established companies that have favorable prospects for capital appreciation. Investments in emerging markets is modest and limited to more mature developing countries.
77956H849
993
994
995
Foreign Large Value
TRIGX
12/21/1998
26.64
8.84
-31.48
2.89
2.99
3.43
0.90
40
34
40
44
107
121
122
Vanguard Developed Markets Fund
VIDMX
597
0
1
Non-Proprietary
Funds - Equity
Institutional
41518
The investment seeks to track the performance of a benchmark index that measures the investment return of stocks issued by companies located in the major markets of Europe and the Pacific region. The Fund normally invests in other Vanguard mutual funds and/or directly in securities included in the Index. It allocates assets among Vanguard European Stock Index Fund Institutional Shares and Vanguard Pacific Stock Index Fund Institutional Shares, and/or directly in individual stocks, based on the market capitalizations of European and Pacific stocks in the MSCI EAFE Index.
921909800
993
994
995
Foreign Large Blend
VIDMX
06/01/2000
25.64
5.76
-30.73
2.51
-0.06
0.13
40
34
40
44
104
121
122
Vanguard Institutional Index Fund Institutional Plus Shares
VIIIX
300
0
1
Non-Proprietary
Funds - Equity
Institutional Plus Shares
41518
The investment seeks to track the performance of a benchmark index that measures the investment return of large-capitalization stocks. The fund attempts to replicate the target index by investing all, or substantially all, of assets in the stocks that make up Standard & Poor's 500 index, which is a widely recognized benchmark of U.S. stock market performance that is dominated by the stocks of large U.S. companies.
922040209
993
994
995
Large Blend
VIIIX
07/07/1997
16.01
3.29
-26.06
-2.19
-2.15
1.88
0.03
40
34
40
44
49
104
121
122
123
Vanguard Mid Cap Index Fund
VMCIX
600
0
1
Non-Proprietary
Funds - Equity
Institutional
41518
The investment seeks to track the performance of a benchmark index that measures the investment return of mid-capitalization stocks. The fund employs a passive management investment approach designed to track the performance of the MSCI US Mid Cap 450 index, a broadly diversified index of the stocks of medium-size U.S. companies. It attempts to replicate the target index by investing all, or substantially all, of assets in the stocks that make up the index, holding each stock in approximately the same proportion as its weighting in the index.
922908835
993
994
995
Mid-Cap Blend
VMCIX
05/21/1998
18.30
8.39
-31.52
-0.18
4.34
5.33
0.09
40
34
40
44
58
104
121
122
Vanguard Small-Cap Index Fund Signal Shares
VSISX
298
0
1
Non-Proprietary
Funds - Equity
Signal Shares
41518
The investment seeks to track the performance of a benchmark index that measures the investment return of small capitalization stocks. The fund employs a passive management investment approach designed to track the performance of the MSCI US Small Cap 1750 index, a broadly diversified index of the stocks of smaller U.S. companies. It attempts to replicate the target index by investing all, or substantially all, of assets in the stocks that make up the index, holding each stock in approximately the same proportion as its weighting in the index.
922908421
993
994
995
Small Blend
VSISX
12/15/2006
24.21
7.46
-25.11
-13.56
0.15
40
34
40
44
49
104
121
122
123
Vanguard Strategic Equity Fund
VSEQX
294
0
1
Non-Proprietary
Funds - Equity
Investor
41518
The investment seeks long-term capital appreciation. The fund normally invests in small- and mid-capitalization domestic stocks based on the advisor's assessment of the relative return potential of the securities. The advisor selects securities that it believes offer a good balance between reasonable valuations and attractive growth prospects relative to their peers, by using proprietary software programs that allow comparisons among thousands of securities at a time.
922038104
993
994
995
Mid-Cap Blend
VSEQX
08/14/1995
19.45
3.75
-34.38
-3.45
3.27
7.08
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
993
994
995
10/02/1995
-9.96
-17.49
-29.84
2.52
4.83
5.83
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
993
994
995
03/01/1990
1.95
2.42
3.32
4.03
5.46
6.69
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
993
994
995
05/01/1997
0.43
4.62
-1.87
4.45
6.78
6.23
0.00
90
105
25
34
44
90
92
104
105
122
Mutual Fund
Vanguard Total Bond Market Fund
VBTIX
598
0
1
Non-Proprietary
Funds - Fixed Income
Institutional
41518
The investment seeks to track the performance of a broad, market-weighted bond index. The fund invests by sampling the index. It invests at least 80% of assets in bonds held in the index. The fund maintains a dollar-weighted average maturity consistent with that of the index, ranging between 5 and 10 years.
921937504
993
994
995
Intermediate-Term Bond
VBTIX
09/18/1995
1.79
2.18
6.28
5.10
5.86
6.06
0.08
40
34
40
44
104
121
122
Western Asset Core Plus Bond Portfolio
WACPX
038
0
1
Partner
Funds - Fixed Income
Institutional
41518
The investment seeks to maximize total return, consistent with prudent investment management and liquidity needs. The fund invests in a portfolio of fixed income securities of various maturities and, under normal market conditions, invests at least 80% of net assets in debt and fixed income securities. It may also invest up to 25% of their respective total assets in the securities of non-U.S. issuers. The duration targets between 2.5 and 7 years.
957663503
993
994
995
Intermediate-Term Bond
WACPX
07/08/1998
11.18
9.96
3.32
3.45
5.88
5.48
0.47
40
34
40
44
62
104
121
122
123
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
993
994
995
04/01/1988
0.00
0.11
1.20
3.14
3.12
4.51
0.00
78
90
105
25
30
34
44
78
90
104
105
108
121
122
Mutual Fund
Vanguard Prime Money Market Fund
VMRXX
389
0
1
Non-Proprietary
Funds - Money Market
Institutional
41518
The investment seeks to provide current income while maintaining liquidity and a stable share price of $1. The fund invests primarily in high-quality, short-term money market instruments, including certificates of deposit, banker's acceptances, commercial paper, and other money market securities. To be considered high-quality, a security generally must be rated in one of the two highest credit-quality categories for short-term securities by at least two nationally recognized rating services. The fund invests more than 25% of assets in securities issued by companies in the financial services industry.
922906508
993
994
995
Money Market - Taxable
VMRXX
10/03/1989
0.15
0.52
1.80
3.56
3.48
4.45
0.13
40
77
31
34
40
44
77
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
993
994
995
5.65
4.92
6.25
3.65
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
993
994
995
03/01/1990
12.36
5.21
-14.40
0.72
1.42
7.76
0.00
90
105
25
34
44
49
90
104
105
121
122
Mutual Fund
Dodge & Cox Balanced Fund
DODBX
279
0
1
Non-Proprietary
Funds - Asset Allocation
Retirement
41518
The investment seeks regular income, conservation of principal, and an opportunity for long-term growth of principal and income. The fund invests in a diversified portfolio of common stocks, preferred stocks, and fixed income securities. It primarily invests in companies that appear to be temporarily undervalued by the stock market and have a favorable outlook for long-term growth. The fund normally invests no more than 75% of total assets in common stocks, preferred stocks and that portion of the value of convertible securities attributable to the conversion right.
256201104
993
994
995
Moderate Allocation
DODBX
06/26/1931
18.93
6.62
-20.13
-1.02
4.16
0.53
40
34
40
44
49
121
122
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
993
994
995
Target Date 2000-2010
TCLEX
10/15/2004
10.87
4.97
-13.81
1.13
0.87
34
44
49
104
121
122
132
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
993
994
995
Target Date 2011-2015
TCLIX
10/15/2004
12.39
5.33
-16.22
0.71
0.89
34
44
49
104
121
122
132
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
993
994
995
Target Date 2016-2020
TCLTX
10/15/2004
13.85
5.63
-18.80
0.04
0.92
34
44
49
104
121
122
132
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
993
994
995
Target Date 2021-2025
TCLFX
10/15/2004
15.33
5.83
-21.25
-0.59
0.94
34
44
49
104
121
122
132
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
993
994
995
Target Date 2026-2030
TCLNX
10/15/2004
16.62
5.91
-23.89
-1.31
0.96
34
44
49
104
121
122
132
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
993
994
995
Target Date 2031-2035
TCLRX
10/15/2004
17.55
6.13
-25.36
-1.47
0.98
34
44
49
104
121
122
132
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
993
994
995
Target Date 2036-2040
TCLOX
10/15/2004
17.54
6.15
-25.32
-1.07
0.95
34
44
49
104
121
122
132
TIAA-CREF Lifecycle Fund 2045
TTFRX
522
0
1
Proprietary
Funds - Asset Allocation
Retirement
41518
The investment seeks high total return over time through a combination of 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 2045. It expects to allocate approximately 90.0% of assets to equity underlying funds and 10.0% of assets to fixed-income underlying funds.
886315522
993
994
995
Target Date 2041-2045
TTFRX
11/30/2007
17.33
6.21
-26.38
-24.01
7.08
34
44
104
121
122
123
132
TIAA-CREF Lifecycle Fund 2050
TLFRX
525
0
1
Proprietary
Funds - Asset Allocation
Retirement
41518
The investment seeks high total return over time through a combination of 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 2050. Currently, it expects to allocate approximately 90% of assets to equity underlying funds and 10% of assets to fixed-income underlying funds.
886315514
993
994
995
Target Date 2050+
TLFRX
11/30/2007
17.30
5.83
-27.25
-24.19
8.17
34
44
104
121
122
123
132
TIAA-CREF Lifecycle Retirement Income Fund
TLIRX
528
0
1
Proprietary
Funds - Asset Allocation
Retirement
41518
The investment seeks high total return over time primarily through income, with a secondary emphasis on capital appreciation. The fund invests primarily in underlying funds according to a fixed, more conservative asset allocation strategy designed for investors who are already in or entering retirement. Currently, it invests in a diversified portfolio consisting of about 40% stocks and 60% bonds. The fund expects to allocate approximately 40% of assets to equity underlying funds and 60% of assets to fixed-income underlying funds.
886315480
993
994
995
Retirement Income
TLIRX
11/30/2007
8.63
4.46
-9.42
-8.95
2.17
34
44
104
121
122
123
132
Vanguard Balanced Index Fund
VBAIX
391
0
1
Non-Proprietary
Funds - Asset Allocation
Institutional
41518
The investment seeks to track the performance of a benchmark index that measures the investment return of the overall U.S. stock market and a broad, market-weighted bond index. The fund normally invests 60% of assets in equities and 40% in bonds. It seeks to track the investment performance of the Morgan Stanley Capital International/(R)/ (MSCI/(R)/) US Broad Market Index. The Fund typically holds 1,200-1,300 stocks in the Index and a representative sample of the remaining stocks. It seeks to track the investment performance of the Barclays Capital U.S. Aggregate Bond Index.
921931309
993
994
995
Moderate Allocation
VBAIX
12/01/2000
10.80
4.22
-13.57
1.44
1.96
0.09
40
34
40
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.
Call risk is the risk that during periods of declining interest rates, an issuer of a bond may "call" (i.e., redeem) a high-yielding obligation before its maturity date. This often creates an unanticipated capital gain liability and requires the fund or account to reinvest the proceeds at the lower prevailing interest rate.
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.
A convertible security is a bond, debenture, note, preferred stock or other security that may be converted into or exchanged for a prescribed amount of common stock of the same or a different issuer within a particular period of time at a specified price or formula. The value of convertible security is a function of (1) its yield in comparison with the yields or other securities of comparable maturity and quality that do not have a conversion privilege and (2) its worth, at market value, if converted into the underlying common stock in a way that non-convertible debt does not.
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.
Dividend risk is the risk associated with investments in stocks paying relatively high dividends. These stocks may significantly underperform other stocks during periods of rapid market appreciation.
Extension risk is the risk of decline in value for certain fixed-income securities because principal payments are not made as early as possible.
Financial risk is the risk that the issuer of debt securities will not be able to pay principal and interest when due. For issuers of common or preferred stock, it is the risk that the issuer's current earnings will fall or that its overall financial soundness will decline, reducing the security's value.
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.
The proprietary models used by each advisor to evaluate securities or securities markets are based on the advisor's understanding of the interplay of market factors and do not ensure successful investment. The markets, or the price of individual securities, may be affected by factors not foreseen in developing the models.
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 & 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. TIAA-CREF products may be subject to market and other risk factors. See the applicable product literature, or visit www.tiaa-cref.org for details.</i></b>
<b>An investment in the fund is neither insured nor guaranteed by the Federal Deposit Insurance Corporation or any other U.S. government agency. The fund will attempt to maintain a stable net asset value of $1.00 per share, but it is possible to lose money by investing in the fund.</b>
The 7-day money market yield listed more closely reflects the current earnings of the money market mutual fund(s) than does the total return.
<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.
The chart illustrates the performance of a hypothetical $10,000 investment made in the fund ten years ago or on the month end after the commencement of operations (whichever is later). The total returns are not adjusted to reflect sales charges or the effects of taxation, but are adjusted to reflect actual ongoing fund expenses, and assume reinvestment of dividends and capital gains. This chart is not intended to imply any future performance of the fund.
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 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&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&P 500 is a registered trademark and service mark of the McGraw-Hill Companies.
The Russell Midcap<sup>®</sup> Index measures the performance of the 800 smallest companies in the Russell 1000<sup>®</sup> Index, based on market capitalization. You cannot invest directly in these indexes. TIAA-CREF products are not promoted, or sponsored by, or affiliated with, the Frank Russell Company. Russell Midcap and Russell 1000 are trademarks and service marks of the Frank Russell Company.
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.
As Target Retirement Date Funds are actively managed, their asset allocations are subject to change and may vary from those indicated. They invest in many underlying funds and are exposed to the risks of different areas of the market. The higher a fund’s allocation to stocks, the greater the risk. After the target date has been reached, some of these funds may be merged into a fund with a more stable asset allocation. In addition to the fund level expenses these funds are also subject to the expenses of their underlying investments. Please consult the prospectus for more complete information.
7826
Enrollment Forms Return Address
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OFFICE
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Benefits Office
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Your Campus HR/Benefits Office
OFFICE
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Retirement Choice Annuity contract series IGRS-01-84 and IGRS-01-84-ACC
Retirement Choice Plus Annuity contract form series IGRSP-01-84 and IGRSP-01-84-ACC