Introducing a New Custom Default Solution, TIAA RetirePlus℠

TIAA RetirePlus is a simple way for plan sponsors and consultants to
offer a custom set of model portfolios designed to be QDIA-eligible

NEW YORK–(BUSINESS WIRE)–TIAA, the largest provider in the nonprofit retirement market1,
today 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-plan-advisors-consultants/retireplus.

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.”

About TIAA

With an award-winning2 track record for consistent investment
performance, TIAA (TIAA.org) is the leading provider of financial
services in the academic, research, medical, cultural and government
fields. TIAA has $1 trillion in assets under management (as of 6/30/20183)
and offers a wide range of financial solutions, including investing,
banking, advice and education, and retirement services.

You should consider the investment objectives, risks, charges and
expenses carefully before investing. Please call 877-518-9161 for
current product and fund prospectuses that contain this and other
information. Please read the prospectuses carefully before investing.

This material is for informational purposes only and does not constitute
a recommendation to invest through a model or to purchase any security
or advice about investing or managing retirement savings. This material
does not take into account the specific objectives or circumstances of a
plan participant, or suggest any specific course of action. Investment
decisions should be made in consultation with a plan participant’s
personal advisor based on his or her own objectives and circumstances.
The models are not “investment companies” within the meaning of the
Investment Company Act of 1940, as amended, and the models do not issue
securities within the meaning of the Securities Act of 1933, as amended.

TIAA RetirePlus (the “Program”) is an asset allocation program that
includes asset allocation models that a plan participant may choose to
guide the investment of his or her account into underlying investment
options selected by the plan sponsor (the “underlying investments”). The
plan sponsor selects the specific underlying investments available under
its plan to represent the various asset classes in the models. An
independent third party adviser engaged by Teachers Insurance and
Annuity Association of America (“TIAA”) developed the target asset class
ratios for the models and the Program is administered by TIAA as plan
recordkeeper. In making the Program available to plans, TIAA is not
providing investment advice to the plans or plan participants.

The target asset class ratios for a plan participant’s model based
account will become more conservative over time as the plan
participant’s years to retirement decrease. For information regarding
the changes to the target allocations please contact TIAA. An account’s
actual allocation percentage to an underlying investment may vary from
the target allocations due to the performance of the underlying
investments or other factors. Accounts invested in accordance with the
models will be rebalanced to the applicable target allocations
periodically. The underlying investments included in a model are subject
to change and may not be representative of the current or future
underlying investments for the model. Some or all of the underlying
investments included in a model may be sponsored or managed by TIAA or
its affiliates and pay fees to TIAA and its affiliates.

No guarantee— Neither the models nor any investment made pursuant to the
models are deposits of, or obligations of, or guaranteed or endorsed by
TIAA or their affiliates (except with respect to certain annuities
sponsored by TIAA or its affiliates), or insured by the Federal Deposit
Insurance Corporation, or any other agency. There is no guarantee that
the underlying investments will provide adequate income at and through
retirement and participants may experience losses. Participants should
not allocate their retirement savings to the underlying investments
unless they can readily bear the consequences of such loss.

Plan participants should consider the investment objectives, principal
strategies, principal risks, portfolio turnover rate, performance data,
and fee and expense information of each underlying investment carefully
before directing an investment based on the model. For a free copy of
the program description and the prospectus or other offering documents
for each of the underlying investments (containing this and other
information), call TIAA at 877-518-9161. Please read the program
description and the prospectuses or other offering documents for the
underlying investments carefully before investing.

TIAA-CREF Individual & Institutional Services, LLC, Teachers Personal
Investors Services, Inc., and Nuveen Securities, LLC, Members FINRA and
SIPC, distribute securities products. If offered under your plan, TIAA
and CREF annuity contracts and certificates are issued by Teachers
Insurance and Annuity Association of America (TIAA) and College
Retirement Equities Fund (CREF), New York, NY, respectively. Each is
solely responsible for its own financial condition and contractual
obligations. Transactions in the underlying investments invested in
based on the models on behalf of the plan participants are executed
through TIAA-CREF Individual & Institutional Services, LLC, member FINRA.

Investment, insurance and annuity products are not FDIC insured, are not
bank guaranteed, are not deposits, are not insured by any federal
government agency, are not a condition to any banking service or
activity, and may lose value.

TIAA RetirePlusSM is a registered service mark of Teachers
Insurance and Annuity Association of America-College Retirement Equities
Fund (TIAA-CREF), 730 Third Avenue, New York, NY 10017.

©2018 Teachers Insurance and Annuity Association of America-College
Retirement Equities Fund, New York, NY 10017

607440

1 Based on data from 63 providers in PLANSPONSOR magazine’s
2018 DC Recordkeeping Survey, combined 457 and 403(b) plan assets as of
12/31/17.

2 The Lipper Large Fund Award is given to the group with the
lowest average decile ranking of three years’ Consistent Return for
eligible funds over the three-year period ended 11/30/12 (36 fund
companies), 11/30/13 (48), 11/30/14 (48), 11/30/15 (37), 11/30/16 (34)
and 11/30/17 (34) with at least five equity, five bond, or three
mixed-asset portfolios. Note this award pertains to mutual funds within
the TIAA-CREF group of mutual funds; other funds distributed by Nuveen
Securities were not included. From Thomson Reuters Lipper Awards, © 2018
Thomson Reuters. All rights reserved. Used by permission and protected
by the Copyright Laws of the United States. The printing, copying,
redistribution, or retransmission of this Content without express
written permission is prohibited. Past performance does not guarantee
future results. Certain funds have fee waivers in effect. Without such
waivers ratings could be lower. For current performance, rankings and
prospectuses, please visit the Research and Performance section on
TIAA.org. Securities offered through Nuveen, LLC, and TIAA-CREF
Individual & Institutional Services, LLC, members FINRA and SIPC.

3 Based on $1 trillion of assets under management across
Nuveen Investments affiliates and TIAA investment management teams as of
6/30/18.

Contacts

Press
Leslie Sepuka, 888-200-4062
media@tiaa.org

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