TIAA-CREF has been chosen by the Oklahoma State/A&M Board of Regents as the sole recordkeeper for the 457(b) and 403(b) plans of the higher education institutions governed by the board.
The change puts TIAA-CREF in place as recordkeeper for all of OSU/A&M's retirement plans. There had been nine vendors servicing the business.
The board oversees five universities and colleges — Oklahoma State University, Oklahoma Panhandle State University, Connors State College, Langston University and Northeastern Oklahoma A&M College.
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Its 457(b), 403(b) and 401(a) retirement plans together hold approximately $840 million in assets for more than 11,900 employees across the system.
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