TIAA: Introducing a New Custom Default Solution, TIAA RetirePlus

Originally Published by TIAA.

TIAA, the largest provider in the nonprofit retirement market, announced TIAA RetirePlus, a new addition to their suite of Custom Default Solutions that offers predefined asset class models, easing implementation.


“A Century ago, TIAA was founded on the need for secure retirement income,” said Dan O’Toole, Senior Managing Director of Institutional Investments & Research at TIAA. “That need has not diminished, so we continue to bring new solutions to address the needs of our clients. This latest innovation makes it simple for plan sponsors and consultants to create models that can help improve participant outcomes and includes guaranteed income investments that provide certainty of income within the familiar target-date like structure.”

Mesirow Financial designed the strategy and asset class allocations. The plan sponsor, as fiduciary, selects the investment options for their models on their own or with advice from their co-fiduciary investment advisor, or can delegate selection to their own investment manager with full discretion authority.

TIAA’s Custom Default Solutions program lets plan sponsors and their consultants build model portfolios specific to the demographics of their plan. They provide more control over investment choices and costs and are designed to be eligible to be selected as Qualified Default Investment Alternatives (QDIA). To learn more, visit https://www.tiaa.org/public/consultants/partner-pl….

“These solutions give plan sponsors and their advisors flexibility and control over perhaps the most important investment alternative in their plans the default,” said Mr. O’Toole. “By giving workers better access to lifetime income options in their retirement plans, plan sponsors can offer protection against retirees outliving their savings and help provide their employees with the secure retirement they deserve.”

Latest News

ACLU logo on phone

Second Employee Sues ACLU for Racist and Discriminatory Internal Behavior 

While there’s no disputing the valuable work the American Civil Liberties Union does, from promoting social justice and reform to fighting racism and defending LGBTQ rights, mounting evidence suggests that even one of America’s leading nonprofits dedicated to defending civil rights may have its own internal struggles with systemic racism…

Jane Austen

Newly Unearthed Research Links Beloved Author Jane Austen With England’s Early Abolitionist Anti-Slave Movement

Fans of classic author Jane Austen and her novels, including Emma and Pride and Prejudice, have a new reason to celebrate her life and work. An Arizona State researcher has uncovered previously unknown information linking Austen and her family to England’s anti-slave movement in the early 1800s. Lynn Elber of…

Riz Ahmed

Academy Award-Nominated Actor Riz Ahmed Backs Groundbreaking Study on Muslim Representation in Hollywood 

Earlier this year, British-Pakistani actor Riz Ahmed earned an Oscar nomination for his role in Sound of Metal, an inclusive story about a hearing-impaired musician. Now, the Primetime Emmy Award winner is turning his attention to another vitally important form of representation: positive Muslim depictions in modern Hollywood films. CNN’s…

tractor in field

White Farmers Sue To Stop Debt Relief Program for Farmers of Color

A federal judge in Wisconsin has temporarily halted a government program designed to help chronically disadvantaged farmers of color repay their loans — or forgive their debt altogether. Laura Schulte of the Milwaukee Journal Sentinel reported that “a temporary restraining order was handed down Thursday afternoon [June 10] by Judge…