The University of Colorado routinely reviews its retirement programs to ensure it provides competitive retirement benefits. A recent review successfully initiated a reduction of administration fees for the CU retirement plans administered by TIAA effective for 2025.<\/p>\n\n\n\n
This reduction is part of CU\u2019s ongoing commitment to provide the best possible benefits to help maximize employee\u2019s retirement savings. <\/p>\n\n\n\n
The university has three retirement options administered by TIAA: CU 401(a) Mandatory Retirement Plan<\/a>, Student Employee Retirement Plan (SERP)<\/a> and CU 403(b) Voluntary Retirement Plan<\/a>.<\/p>\n\n\n\n Plan fees cover TIAA\u2019s recordkeeping services such as statements, customer service support and online tools. Administrative services are also covered under fees, such as the plan\u2019s investment consultants, auditors, accountants and legal counsel services. <\/p>\n\n\n\n Plan administration fees are assessed on a quarterly basis and charged based on the balance on the last day of the previous quarter. Below, please find the 2024 fees and the negotiated 2025 fees.<\/p>\n\n\n\n Investment-specific retirement fees are charged for investment management and associated services and are assessed via an expense ratio \u2014 a percentage of total assets based on the plan owner\u2019s chosen investments. For example, an expense ratio of 0.05% would charge $5 for every $1,000 invested in a fund with that expense ratio.<\/p>\n\n\n\n Additionally, a small number of funds engage in revenue sharing, whereby those funds cover a share of TIAA\u2019s recordkeeping administration fees. Plan holders invested in such funds will see a \u201cPlan Servicing Credit\u201d on their quarterly statements, assuming they paid the dollar-per-participant fee as outlined above.<\/p>\n\n\n\n The calculation of investment fees, and application of the reduced fees, is dependent upon several factors:<\/p>\n\n\n\n The expense ratio tables for each fund type can be found on TIAA\u2019s investments page<\/a> and in the TIAA participant letters for the 401(a) and 403(b)<\/a> plans and for SERP account holders<\/a>.<\/p>\n\n\n\n <\/p>\n","protected":false},"excerpt":{"rendered":"Plan administration fees<\/h3>\n\n\n\n
PLAN ACCOUNT BALANCE AS OF THE LAST DAY OF THE PREVIOUS QUARTER<\/strong><\/td> PREVIOUS PLAN FEES<\/strong><\/td> NEW PLAN FEES<\/strong><\/td><\/tr> Quarterly<\/strong><\/td> Annual <\/strong><\/td> Quarterly<\/strong><\/td> Annual <\/strong><\/td><\/tr> $0 \u2013 $5,000<\/td> $0<\/td> $0<\/td> $0<\/strong><\/td> $0<\/strong><\/td><\/tr> $5,00.01 \u2013 $20,000<\/td> $7.75<\/td> $31<\/td> $7.50<\/strong><\/td> $30<\/strong><\/td><\/tr> $20,000.01 \u2013 $50,000<\/td> $15.50<\/td> $62<\/td> $12.75<\/strong><\/td> $51<\/strong><\/td><\/tr> $50,000.01 \u2013 $200,000<\/td> $23.25<\/td> $93<\/td> $19.25<\/strong><\/td> $77<\/strong><\/td><\/tr> $200,000.01 \u2013 $500,000<\/td> $31<\/td> $124<\/td> $24.25<\/strong><\/td> $97<\/strong><\/td><\/tr> $500,000.01 \u2013 $1,000,000<\/td> $38.75<\/td> <\/td> $29.50<\/strong><\/td> $118<\/strong><\/td><\/tr> Greater than $1,000,000<\/td> $46.50<\/td> $186<\/td> $37<\/strong><\/td> $148<\/strong><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n Investment-specific fees<\/h3>\n\n\n\n
\n