|[February 21, 2013]
Joslin Diabetes Center Selects TIAA-CREF To Provide Retirement Services
NEW YORK --(Business Wire)--
TIAA-CREF, a leading financial services provider, announced today that
Joslin Diabetes Center in Boston has selected the firm to become the
sole recordkeeper of its retirement plan, which provides a range of
retirement services to approximately 1,000 plan members.
TIAA-CREF now manages approximately $110 million in assets and offers
personalized financial planning, wealth management, financial education
tools and brokerage capabilities to Joslin's employees.
Recent regulatory changes governing the oversight of 403(b) retirement
plans have heightened administrative and fiduciary responsibilities for
many plan administrators in the not-for-profit sector. As Joslin's sole
recordkeeper, TIAA-CREF provides an open-architecture retirement
solution that simplifies plan oversight, easing many of the challenges
that have arisen from regulatory changes.
Prior to selecting TIAA-CREF, Joslin's retirement plan administrators
had oversight of about 200 investment products. Now, Joslin's employees
have 29 investment options managed by TIAA-CREF and third-party
investment firms, making it easier for them to evaluate and select a
diverse range of investments. The plan also inclues auto-enrollment for
new employees so they can begin building their retirement savings early
in their Joslin careers.
"We are excited about the opportunity to help Joslin with their
retirement planning, and to help the organization build a retirement
plan that gives them the opportunity to focus less on administration and
more on the success of their employees," said Edward Moslander, senior
managing director, head of institutional client services for TIAA-CREF.
"We've found that a modernized retirement plan that also provides
educational tools and personalized advice is key to helping build a
financially secure retirement."
is a national financial services organization with $502 billion in
assets under management (as of 12/31/2012) and is the leading provider
of retirement services in the academic, research, medical and cultural
TIAA-CREF products may be subject to market and other risk factors. See
the applicable product literature, or visit www.tiaa-cref.org
About Joslin Diabetes Center
Joslin Diabetes Center, a teaching and research affiliate of Harvard
Medical School, is a one-of-a-kind institution on the front lines of the
world epidemic of diabetes - leading the battle to conquer diabetes in
all of its forms through cutting-edge research and innovative approaches
to clinical care and education.
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.
©2013 Teachers Insurance and Annuity Association-College Retirement
Equities Fund, New York, NY 10017
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