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TIAA-CREF open plan solutionsSM
TIAA-CREF’s Next Generation
Retirement Plan Management
<Institution Name>
<Date>
C32339
AGENDA
Introducing TIAA-CREF Open Plan SolutionsSM
Comprehensive Investment Choices
Integrated Administration
Future Enhancements
<Institution Name> | 2
INTRODUCING TIAA-CREF OPEN PLAN SOLUTIONSsm
TIAA-CREF’s Next Generation Retirement Plan Management
As the trusted partner in the higher education,
research, cultural and health care fields, TIAA-
CREF has provided unparalleled retirement
expertise for nearly a century. Now we are
introducing an open, flexible platform that offers
expanded investment choices, objective advice,
and streamlined administration to meet your
organization’s unique needs.
<Institution Name> | 3
WHAT IS OPEN PLAN SOLUTIONSSM
A comprehensive retirement plan management solution for both multi and single
provider plans
Created in direct response to the retirement plan management needs of the
education, research and healthcare communities
Available Fall 2005
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RESPONDING TO YOUR CONCERNS
WHY OPEN PLAN SOLUTIONS?
Administrators want more access and more choices to help them:
Reduce administrative burden
Improve the participant experience
Strengthen plan-level communication, advice and education
skinnep:
You want more attention to your specific needs through: OPTIONAL
A full range of investment products
Centralized administrative services
Plan level advice, guidance and education; and
Improved web services
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TIAA-CREF OPEN PLAN SOLUTIONSSM OFFERS
INSTITUTIONS MANY IMMEDIATE BENEFITS
<Institution Name>
Retirement Plan
Comprehensive New Advice & Integrated
Investment Choices Planning Services Administration
• Lifecycle Funds • Objective Advice in • Comprehensive
• Core Investment Partnership with Recordkeeping and
Menu Ibbotson & Associates Plan Administration
• Partner Funds • Integrated Plan • Multi-channel
Program Communications and Enrollment: Web,
Education Paper, Telephone
• Brokerage Window
• Comprehensive • Improved reporting
Retirement and capabilities
Financial Planning
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TIAA-CREF INVESTMENT SOLUTIONSTM
COMPREHENSIVE INVESTMENT CHOICES FOR
YOUR PLAN
More choices, more flexibility.
New, flexible investment platform offering a spectrum of strategically-selected
investment options for your plan
More investment choices across a range of asset classes
Options to match your employees’ financial sophistication and level of involvement in
managing and monitoring their investments
Client Benefits
Assists you in identifying appropriate investment choices for your plan
Provides ongoing monitoring service to help you comply with fiduciary responsibilities
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TIAA-CREF INVESTMENT SOLUTIONSTM
THE FUND OFFER
ONE-DECISION BUILD YOUR OWN PORTFOLIO
STRATEGIES CHOICES
TIAA-CREF
LIFECYCLE FUNDS
AND CREF SOCIAL
CHOICE
CORE BEYOND THE BROKERAGE
INVESTMENTS CORE SERVICES
I will use an outside vendor to TIAA-CREF Partner
build this slide so it is flexible. Annuity and Funds
Program
Mutual Fund
Depending upon the range of Accounts
options available to the client, TIAA-CREF
Retirement Share
certain information will be Mutual Funds
omitted.
Other outside fund
families
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TIAA-CREF LIFECYCLE FUNDS*
“ONE-DECISION” STRATEGIES
Simplified asset allocation options for all types of investor profiles
Each Lifecycle Fund starts with an investment mix generally considered
appropriate for investors at different stages of retirement planning
Investors start with the fund closest to their expected year of retirement
TIAA-CREF reallocates for the investor
Automatic and gradual readjustment of the investment mix
More aggressive to less aggressive as retirement approaches
*Available through the Retirement Class of shares of
TIAA-CREF Institutional Mutual Funds
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TIAA-CREF LIFECYCLE FUNDS*
ALLOCATE ACROSS MUTUAL FUNDS
Our lifecycle funds invest in a diverse set of funds*:
Equities And Real Estate Securities Bonds
TIAA-CREF Growth Equity TIAA-CREF Bond
TIAA-CREF Large Cap Value TIAA-CREF Inflation-Linked Bond
TIAA-CREF Small Cap Equity
TIAA-CREF International Equity
TIAA-CREF Real Estate Securities
The Lifecycle Funds tend to reflect a greater exposure to inflation-linked bonds than
many lifecycle funds because we think inflation is an important risk to manage.
*Available through the Retirement Class of shares of
TIAA-CREF Institutional Mutual Funds
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TIAA-CREF LIFECYCLE FUNDS*
AGE-APPROPRIATE ALLOCATION
Asset allocations become more conservative as the employee
approaches retirement
Starting Asset Allocations
2040 Fund 2035 Fund 2030 Fund 2025 Fund 2020 Fund 2015 Fund 2010 Fund
35 years 30 years 25 years 20 years 15 years 10 years 5 years
Equity & Real EstateSecurities Funds
Fixed Income Funds
•The allocation when the Lifecycle Fund’s target retirement age is reached consists of 35%
equity and real estate securities funds and 65% fixed income funds, which is more aggressive
than some competing funds.
•An age-appropriate Lifecycle fund may become the default investment
* Available through the Retirement Class of shares of
TIAA-CREF Institutional Mutual Funds
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“BUILD YOUR OWN PORTFOLIO” CHOICES
FOR INVESTORS WHO WANT A MORE
CUSTOMIZED PORTFOLIO
TIAA-CREF offers a broad array of proprietary investment choices
Investment options in each major asset class:
Equities
Fixed Income
Real Estate*
Money Market
Guaranteed
* Not available in California
<Institution Name> | 12
PARTNER FUNDS & MORE
SELECT OFFERING OF THIRD PARTY FUNDS
Partner Funds Program
The TIAA-CREF Partner Fund Program is designed to complement the TIAA-
CREF fund lineup
The foundation of our selection process was built on five key criteria:
Long-term investment time horizon
Consistent long-term performance
Consistent investment process discipline
Consistent risk profile
High value
Returns and investment behavior were analyzed under different types of markets
OMIT THIS
SLIDE if the
offer does not
include Partner
Funds
<Institution Name> | 13
OMIT THIS
SLIDE if the
offer does not
PARTNER FUNDS & MORE
include Partner
OUR METHODOLOGY Funds
A three-step process and clear set of key criteria, consistent with TIAA-CREF’s beliefs,
drove the Partner Fund selection process.
1 2 3
Assemble Fund Conduct Conduct Manager
Universe Performance Interviews for
Quality Screens Closer Review
Key Criteria: Key Criteria: Key Criteria:
Established track record Returns quality Strength of performance
Critical mass of product Style consistency Consistency and
in the marketplace appropriateness of active risk
Risk consistency
Open and distinct product Brand strength
Firm reputation and corporate
Recognizable brand name governance standards
Appropriate active risk profile (business stability, investment
reputation and people quality)
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HIGHER RISK & SPECIALIZED FUND OFFERINGS
EXPANDED OFFERINGS BEYOND THE “CORE”
Higher risk or more specialized options can be introduced if plan demographics
or client need requires
Option to add other TIAA-CREF funds
Ability to add select mutual funds from leading fund companies including those
currently available under your institution’s plan
Ed, Gregg,
A question came from the Richmond OMIT THIS
meeting about classifying investments SLIDE if the
beyond the core as higher risk, given the offer does not
placement of the Western Asset include Partner
Management fund in a lower risk category. Funds
Should “higher risk” be omitted? If not,
can you add a clarifying statement.
<Institution Name> | 15
TIAA-CREF BROKERAGE SERVICES*
BROADER INVESTMENT OPPORTUNITIES
A brokerage window will provide self-directed investors with greater choice and
flexibility
Investments can include a broad universe of mutual funds as well as other types
of securities, subject to the terms of your institution’s plan
Maximizes opportunity to satisfy broadest participant demand for fund choice
OMIT THIS
SLIDE if the
offer does not
include
Brokerage
* TIAA-CREF Brokerage Services is a division of TIAA-CREF
Individual & Institutional Services, LLC, member NASD and SIPC
<Institution Name> | 16
ADVICE AND PLANNING SERVICES
Helping plan participants create a roadmap for a successful retirement
Educational programs, guidance and advice
– A range of planning tools and services to help employees make financial planning
decisions
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EXPERT SOLUTIONS
THIRD PARTY ADVICE FROM IBBOTSON
Helping plan participants create a roadmap for a successful retirement
Objective, personalized and actionable advice that considers:
Individual income goals
Retirement assets
Time horizon
Managed Account Program:
Ongoing, individualized portfolio monitoring
Rebalancing and adjusting
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INTEGRATED ADMINISTRATION
Streamlined administration that gives you choice, control and convenience for more
efficient plan management
Institution reporting via web (IRW)
Accumulation reports
Transaction reports
Salary reduction
Enrollment
Streamlined enrollment and remittance services
Continued support in managing your fiduciary responsibilities
New and improved participant quarterly statement
Flexible, state-of-the art platform for sole-recordkeeping
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FUTURE ENHANCEMENTS
SMART (Save More Tomorrow) program
Allows participants to commit, in advance, to allocating future salary
increases toward retirement savings
Participant Web Center:
Features and navigation will make managing finances easier than ever for
employees
Administrator Web Center:
New web-based reporting facility will provide best-in-class experience for
plan administrators
<Institution Name> | 20
NEXT STEPS
Review the information presented today
Schedule a follow up meeting to have a detailed discussion about investment
options
Schedule a follow up meeting to discuss the requirements establish TIAA-CREF
Open Plan SolutionsSM for your plan
Address any questions to your Relationship Manager
<Institution Name> | 21
Note: the website listed here will
change. LOU PORPORA IS
DEVELOPING A NEW WEB PAGE
THAT WILL HOUSE THE
PROSPECTUSES FOR PARTNER
FUNDS
TIAA-CREF Individual & Institutional Services, LLC and Teachers Personal Investors Services,
Inc., distribute securities products. You should consider the investment options, risks,
charges and expenses carefully before investing. Please access the website at www.tiaa-
cref.org for a prospectus that contains this and other information. Please read the
prospectus carefully before investing.
Annuity account options are available through contracts issued by TIAA or CREF. These
contracts are designed for retirement or other long-term goals, and offer a variety of income
options, including lifetime income. Payments from the variable annuity accounts are not
guaranteed and will rise or fall based on investment performance. Mutual funds do not offer the
range of income options available through annuities.
