YaleUniversity has announced the selection of TIAA-CREF as the sole recordkeeper for its new Yale University Retirement Program.
Not only has Yale changed recordkeepers, but it is also consolidating all its retirement plans into a single program.
That means that assets of approximately $4.4 billion, from more than 22,000 plan members, will be transitioned to TIAA-CREF. All will be accessible through a single site, so that participants can manage investments from one place. Under the old system, both TIAA-CREF and Vanguard were recordkeepers.
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