MS 0327503833 Microsite Pages** 1611 BERES 3275 Iowa Department of Administrative Services 3833 Iowa Department of Administrative Services 2010-07-27T08:11:05.554 06/30/2010 3833 Iowa Department of Administrative Services IA This is an Annuity Access and RCP plan Y N N ( ) - N ( ) - Primary Non-Sole Recordkeeper TIAA-CREF is one of six remaining 403b/TDA vendors for this state system entity. They have eliminated over 50 other TDA vendors from the list over the year. There are approximately over 30,000 employees who are eligible for this plan. 1 064508 http://www.tiaa-cref.org/iowa IA Y 4081 iowa http://www.tiaa-cref.org/iowa http://enroll.tiaamax.com/staging/iowa http:// Y 5 2181 Iowa Piggy logo WebF-HO.gif Y N 8030 12360 12370 32125 32486 32156 32155 32145 32485 31165 8030 Iowa DAS RIC 403(b) Plan Iowa Department of Administrative Services Retirement Investors' Club 403(b) Plan State of Iowa 403(b) Plan Retirement Choice Plus (ICAP) 0 1 403284 001 403287 0 Y 1 1 0 1 0 1 1 Paper 0 0 This is HARDCODED URL N N N Enroll Online Online enrollment is the fastest and easiest way to enroll. Before you enroll, have the following information available: <UL> <LI>Your investment allocations, which you select from your <A href="http://enroll.tiaamax.com/staging/iowa/inv_opt_home.html" target=_blank>investment choices</A> </LI> <LI>Your Social Security number</LI> <LI>Your beneficiary's Social Security number, birth date and address </LI></UL> To enroll in a plan online, click the appropriate link below: 403(b) Plan <UL> <LI><A href="https://ais2.tiaa-cref.org/cgi-bin/WebObjects/IOESEmplWeb?id=IOWAK12" target=_blank>State of Iowa Retirement Investors’ Club 403(b) Plan – K-12 Employees</A> </LI> <LI><A href="https://ais2.tiaa-cref.org/cgi-bin/WebObjects/IOESEmplWeb?id=IOWAAEA" target=_blank>State of Iowa Retirement Investors’ Club 403(b) Plan – Area Education Agency Employees</A> </LI> <LI><A href="https://ais2.tiaa-cref.org/cgi-bin/WebObjects/IOESEmplWeb?id=IOWACC" target=_blank>State of Iowa Retirement Investors’ Club 403(b) Plan – Community College Employees</A> </LI> <LI><A href="https://ais2.tiaa-cref.org/cgi-bin/WebObjects/IOESEmplWeb?id=IABORDOE" target=_blank>State of Iowa Retirement Investors’ Club 403(b) Plan – Board of Regents Employees</A></LI></UL> 401(a) Plan <UL> <LI><A href="https://ais2.tiaa-cref.org/cgi-bin/WebObjects/IOESEmplWeb.woa?id=403457" target=_blank>State of Iowa 401(a) Plan</A> </LI></UL> 457(b) Plan <UL> <LI><A href="https://ais2.tiaa-cref.org/cgi-bin/WebObjects/IOESEmplWeb.woa?id=403456" target=_blank>State of Iowa 457(b) Plan</A>  </LI></UL> If you are enrolling in the 457(b) plan and your employer provides for a matching contribution, please ensure that you also enroll in the 401(a) plan. Enroll by Mail To enroll using the paper form, follow these instructions: <UL> <LI>Click the link(s) below to download the enrollment materials: </LI> <UL> <LI><A href="http://enroll.tiaamax.com/staging/Resources/EF/ef_0327503833_12360.pdf" target=_blank>State of Iowa 401(a) Plan</A></LI> <LI><A href="http://enroll.tiaamax.com/staging/Resources/EF/ef_0327503833_8030.pdf" target=_blank>State of Iowa 403(b) Plan</A></LI> <LI><A href="http://enroll.tiaamax.com/staging/Resources/EF/ef_0327503833_12370.pdf" target=_blank>State of Iowa 457(b) Plan</A></LI></UL> <LI>Complete the fields as indicated </LI> <LI>Sign the forms as needed </LI> <LI>Submit the forms to:</LI></UL> <BLOCKQUOTE dir=ltr style="MARGIN-RIGHT: 0px"> <BLOCKQUOTE dir=ltr style="MARGIN-RIGHT: 0px"> TIAA-CREF Client Services PO Box 2200 Denver, CO 80201-9644 </BLOCKQUOTE></BLOCKQUOTE> If you are enrolling in the 457(b) plan and your employer provides for a matching contribution, please ensure that you also enroll in the 401(a) plan. Enroll by Phone  TIAA-CREF Retirement Investors' Club Enrollment Hotline: 888 877-1446 <OL> <LI> Have ready your Social Security number and institution information. </LI> <LI> Call 888 877-1446, Monday - Friday, 7 a.m. - 9 p.m. (CT); Saturday, 8 a.m. - 5 p.m. (CT) </LI></OL> Enroll by Fax Fax the completed forms to 800 914-8922 NOTE: In addition to your enrollment by phone, you must fill out the Retirement Investors' Club 403(b) Plan <A href="http://enroll.tiaamax.com/staging/iowa/Resources/sra_8030.pdf" target=_blank>Salary Reduction Agreement</A> form or the Retirement Investors' Club 457b/401a Plan <A href="http://enroll.tiaamax.com/staging/iowa/Resources/sra_12360.pdf" target=_blank>Salary Reduction Agreement</A> form. You will not need an Advisor's signature from TIAA-CREF for this form to be completed for processing unless you have a 1-1 meeting with a TIAA-CREF Consultant upon enrollment. Please submit the Agreement to your employer's Human Resources/Benefits Office. your employer's HR/Benefits office. N 0 20100224 0 20091118 1 0 Y STANDARD Employee Pre-Tax (E) Employer Match (D) Employee Pre-Tax Matched (A) Employer (F) Rollover (9) STANDARD Fixed Percent 0 0 STANDARD Y STANDARD DEFAULT N DEFAULT N STANDARD Y STANDARD 1 1 10621 RIC_Form_403b_2010.pdf 403b SRA salary deferral agreement 0 12360 State of Iowa 401(a) Plan State of Iowa 401(a) Plan State of Iowa 401(a) Plan Retirement Choice Plus (ICAP) 0 0 403457 002 403287 0 Y 1 1 0 1 0 1 1 Paper 1 0 This is HARDCODED URL N N N your employer's HR/Benefits office. N 0 20100224 0 20100112 1 0 Y CUSTOM You are eligible to contribute if you are a permanent or probationary employee of the State of Iowa working 20+ hours per week or an employee who has a fixed annual salary. This program is not offered to Board of Regents Institution employees. Rollover (9) DEFAULT None 0 0 CUSTOM The State of Iowa has taken action that may impact your employer match plan.  The matching contribution from some employees has been suspended through 6/30/2010. Please contact your employer / department head for additional information. Y STANDARD STANDARD N CUSTOM For more information about the distribution options available to you, contact <A href="http://enroll.tiaamax.com/staging/iowa/contact.html">TIAA-CREF</A>. Y STANDARD N STANDARD 1 1 11311 457b-401a SRA.pdf 401a SRA salary deferral agreement 0 12370 State of Iowa 457(b) Plan State of Iowa 457(b) Plan State of Iowa 457(b) Plan Retirement Choice Plus (ICAP) 0 0 403456 003 403287 0 Y 1 1 0 1 0 1 1 Paper 1 0 This is HARDCODED URL N N N your employer's HR/Benefits office. N 0 20100224 0 20100112 1 0 Y CUSTOM You are eligible to contribute if you are a permanent or probationary employee of the State of Iowa working 20+ hours per week or an employee who has a fixed annual salary. This program is not offered to Board of Regents Institution employees. Rollover (9) DEFAULT None 0 0 CUSTOM The State of Iowa has taken action that may impact your employer match plan.  The matching contribution from some employees has been suspended through 6/30/2010. Please contact your employer / department head for additional information. Y STANDARD STANDARD N CUSTOM For more information about the distribution options available to you, contact <A href="http://enroll.tiaamax.com/staging/iowa/contact.html">TIAA-CREF</A>. Y STANDARD N STANDARD 0 1 11321 - 0 Equities Variable Annuity CREF Equity Index Account 008 0 1 Proprietary Accounts - Equity N/A 0 This variable annuity account seeks a favorable long-term rate of return from a diversified portfolio selected to track the overall market for common stocks publicly traded in the United States, as represented by a broad stock market index. The account employs a passive investment strategy and invests primarily in stocks included in the Russell 3000 Index. 194408308 8030 12360 12370 Large Blend 04/29/1994 -11.36 -6.20 15.31 -0.86 -1.27 6.96 0.00 90 105 25 34 46 90 105 0 CREF Stock Account 002 0 1 Proprietary Account - Stock N/A 0 This variable annuity account seeks a favorable long-term rate of return through capital appreciation and investment income by investing primarily in a broadly diversified portfolio of common stocks. The account typically invests at least 80% of its assets in a broadly diversified portfolio of domestic and foreign equity securities by using a combination of three investment strategies: active management, enhanced indexing and pure indexing. The account may invest in companies of any market capitalization size or investment style (growth, blend or value) and will invest a small percentage of its foreign investments in emerging-market securities. It also may invest in fixed-income securities and money market instruments, including those traded on foreign exchanges, in other foreign securities markets or privately placed. 194408803 8030 12360 12370 Large Blend 08/01/1952 -11.90 -7.64 14.08 0.10 -0.69 9.51 0.00 90 105 25 34 46 90 105 0 Mutual Fund Columbia Mid Cap Index Fund NMPAX 1145 0 1 Non-Proprietary Funds - Equity Z 0 The investment seeks total return before fees and expenses that correspond to the total return of the Standard & Poor’s (S&P) MidCap 400 index. The fund normally invests at least 80% of net assets in common stocks that comprise the S&P MidCap 400 index. It may invest in derivatives, consisting of stock index futures or options, as substitutes for the underlying securities in the S&P MidCap 400 index. 19765J608 8030 12360 12370 Mid-Cap Blend NMPAX 03/31/2000 -9.69 -1.48 24.62 2.14 5.11 4.63 0.00 40 34 40 46 121 Columbia Small Cap Value Fund I CSCZX 609 0 1 Non-Proprietary Funds - Equity Z 0 The investment seeks long-term capital growth. The fund normally invests at least 80% of assets in common stocks issued by domestic companies with market capitalizations equal to or less than the largest stock in the Russell 2000 Value Index at the time of purchase (between $2 million and $3.1 billion as of September 30, 2009). It uses quantitative sampling techniques to select a stock portfolio that it believes to be representative of the small-stock universe. 19765N567 8030 12360 12370 Small Value CSCZX 07/28/1995 -8.49 -0.56 23.28 2.13 8.02 8.42 0.00 40 34 40 46 121 Eaton Vance Large-Cap Value EHSTX 594 0 1 Non-Proprietary Funds - Equity A 0 The investment seeks total return. The fund normally invests primarily in value stocks of large-cap companies. It normally invests at least 80% of net assets in equity securities of large-cap companies. The fund primarily invests in dividend-paying stocks. It may invest in convertible debt securities (including securities rated below investment grade) and real estate investment trusts for income. The fund may invest up to 25% of total assets in foreign securities. 277905808 8030 12360 12370 Large Value EHSTX 09/23/1931 -13.31 -8.28 11.41 -0.24 3.90 9.10 0.00 40 34 40 46 121 Lazard Emerging Markets LZOEX 623 0 1 Non-Proprietary Funds - International N/A 0 The investment seeks long-term capital appreciation. The fund normally invests at least 80% of assets in equity securities of companies whose principal business activities are located in emerging market countries but focuses on companies in Latin America, the Pacific Basin and Eastern Europe. It may also engage in foreign currency transactions and lending portfolio securities. 52106N764 8030 12360 12370 Diversified Emerging Mkts LZOEX 01/08/1997 -9.03 -3.61 24.59 13.53 11.83 8.19 0.00 40 34 40 46 121 1205 Prudential Jennison Mid-Cap Growth Fund PEEAX 1261 0 1 Non-Proprietary Funds - Equity A 0 The investment seeks long-term capital appreciation. The fund normally invests at least 80% of assets in equity and equity-related securities of medium-sized companies with the potential for above-average growth. 74441C808 8030 12360 12370 Mid-Cap Growth PEEAX 12/31/1996 -7.91 -2.06 20.95 5.55 0.11 8.35 0.00 40 34 40 46 121 0 Prudential Jennison Small Company Fund PSCZX 620 0 1 Non-Proprietary Funds - Equity Z 0 The investment seeks capital growth. The fund normally invests at least 80% of assets in equity securities of small, less well-known undervalued U.S. companies. It may invest up to 20% of assets in equity-related securities including nonconvertible preferred stocks and convertible securities. The fund may also invest in foreign securities, REITs, high-quality money market instruments, options, foreign currency forward contracts and may make short sales of a security. 74441N408 8030 12360 12370 Small Growth PSCZX 03/01/1996 -8.68 -1.48 22.08 3.05 5.73 7.39 0.00 40 34 40 46 121 0 T. Rowe Price Institutional Large Cap Growth Fund TRLGX 385 0 1 Non-Proprietary Funds - Equity Institutional 0 The investment seeks to provide long-term capital appreciation. The fund normally invests at least 80% of assets in the common stocks of large companies. A large company is defined as one whose market cap is larger than the median market cap of companies in the Russell 1000 Growth Index. While the fund invests most assets in U.S. common stocks, it may also purchase other securities including foreign stocks, futures, and options. The fund is nondiversified. 45775L408 8030 12360 12370 Large Growth TRLGX 10/31/2001 -12.48 -9.14 14.85 0.57 3.53 0.00 40 34 40 46 121 Thornburg International Value Fund TIVRX 571 0 1 Non-Proprietary Funds - International R5 0 The investment seeks long-term capital appreciation. The fund normally invests at least 75% of assets in foreign securities or depository receipts of foreign securities. It may invest in developing countries. The fund typically makes equity investments in the following three types of companies: basic value companies with well established businesses whose stock is under valued; Consistent earner companies when they are selling at valuations below historic norms; and Emerging franchises that are in the process of establishing a leading position in a product, service or market expecting growth at an above average rate. 885215368 8030 12360 12370 Foreign Large Blend TIVRX 02/01/2005 -9.18 -7.48 11.04 5.96 6.17 0.00 40 34 40 46 121 0 TIAA-CREF International Equity Index Fund TRIEX 027 0 1 Proprietary Funds - International Retirement 0 The fund seeks a favorable long-term total return, mainly through capital appreciation, by investing primarily in a portfolio of foreign equity securities based on a market index. It seeks to track the stock markets in 21 developed nations in Europe, Australasia and the Far East that are included in the MSCI EAFE Index. 87244W490 8030 12360 12370 Foreign Large Blend TRIEX 10/01/2002 -14.65 -13.95 4.55 0.57 7.59 0.00 34 46 131 1203 TIAA-CREF Mid-Cap Value Fund TRVRX 016 0 1 Proprietary Funds - Equity Retirement 0 The fund seeks a favorable long-term total return, mainly through capital appreciation, primarily from equity securities of medium-sized domestic companies. It typically invests at least 80% of its assets in equity securities of medium-sized companies that are included in the fund's benchmark, the Russell Midcap Value Index, and that appear undervalued by the market based on the management team's evaluation of their potential worth. An emphasis is placed on companies that generate positive cash flow, employ capital effectively and tie management compensation to measurable objectives. The fund may invest up to 20% of assets in foreign securities. 87244W854 8030 12360 12370 Mid-Cap Value TRVRX 10/01/2002 -11.55 -5.20 18.87 1.01 9.80 0.00 34 46 TIAA-CREF S&P 500 Index Fund TRSPX 018 0 1 Proprietary Funds - Equity Retirement 0 The funds seeks a favorable long-term total return, mainly through capital appreciation, by investing primarily in a portfolio of equity securities of large-cap domestic companies selected to track the U.S. equity markets based on a market index. It seeks to track the market for the stocks issued by a broad range of large-capitalization domestic companies that are included in the S&P 500 Index. 87244W698 8030 12360 12370 Large Blend TRSPX 10/01/2002 -11.48 -6.81 14.01 -1.09 4.23 0.00 34 46 TIAA-CREF Small-Cap Blend Index Fund TRBIX 024 0 1 Proprietary Funds - Equity Retirement 0 The fund seeks a favorable long-term total return, mainly through capital appreciation, by investing primarily in a portfolio of equity securities in smaller domestic companies based on a market index. It seeks to track the market for stocks issued by small-capitalization domestic companies that are included in the Russell 2000 Index. 87244W565 8030 12360 12370 Small Blend TRBIX 10/01/2002 -9.92 -2.08 21.14 0.15 7.79 0.00 34 46 131 1203 TIAA-CREF Social Choice Equity Fund TRSCX 012 0 1 Proprietary Funds - Equity Retirement 0 The fund seeks a favorable long-term total return that reflects the investment performance of the overall U.S. stock market, as measured by the Russell 3000 Index, while giving special consideration to certain social criteria. It primarily invests in U.S.-based companies that are screened to meet or exceed certain environmental, social and governance criteria. The evaluation process seeks out companies that are: strong stewards of the environment; devoted to serving local communities and society in general; committed to high labor standards; dedicated to producing high-quality, safe products; and those managed in an ethical manner. The fund may also invest in U.S. government securities and may hold up to 15% of its assets in foreign securities. 87244W755 8030 12360 12370 Large Blend TRSCX 10/01/2002 -10.93 -5.98 17.53 0.12 5.52 0.00 34 46 0 Real Estate Variable Annuity TIAA Real Estate Account 009 0 0 Proprietary Account - Money Market N/A 0 This variable annuity account seeks favorable long-term returns primarily through rental income and appreciation of real estate investments owned by the account. It seeks to invest between 75% and 85% of its assets directly in real estate or real estate-related securities. The account purchases direct ownership interests in income-producing real estate, such as office, industrial, retail and multi-family residential properties. It may also hold other real estate or real estate-related investments through joint ventures, real estate partnerships or real estate investment trusts. The account can also hold foreign investments, although they are not expected to exceed 25% of the account's total assets. 878094200 8030 12360 12370 N/A 10/02/1995 4.44 2.41 -10.19 -2.34 2.83 4.66 0.00 90 105 25 34 46 90 105 Fixed Income Variable Annuity CREF Bond Market Account 005 0 1 Proprietary Funds - Fixed Income N/A 0 This variable annuity account seeks a favorable long-term rate of return, primarily through high current income consistent with preserving capital. The account invests at least 80% of its assets in a broad range of debt securities, including U.S. government securities, corporate bonds and mortgage-backed or other asset-backed securities. It seeks to outperform its benchmark, the Barclays Capital U.S. Aggregate Bond Index, by overweighting or underweighting individual securities or sectors, relative to the benchmark. The account can invest up to 20% of its assets in non-investment-grade securities and in unrated securities. 194408407 8030 12360 12370 Intermediate-Term Bond 03/01/1990 3.17 5.16 9.86 4.65 5.97 6.84 0.00 90 105 25 34 46 90 105 0 CREF Inflation-Linked Bond Account 010 0 1 Proprietary Funds - Fixed Income N/A 0 This variable annuity account seeks a long-term rate of return that outpaces inflation, primarily through investment in inflation-indexed bonds, which are fixed-income securities whose returns are designed to track a specified inflation index over the life of the bond. The account typically invests at least 80% of its assets in U.S. Treasury Inflation-Indexed Securities. It can also invest in other inflation-indexed bonds issued or guaranteed by the U.S. government or its agencies and by corporations and other U.S.-domiciled issuers as well as foreign governments. The account may also invest in money market instruments or other short-term securities. 194408506 8030 12360 12370 Inflation-Protected Bond 05/01/1997 3.92 4.25 9.20 4.49 6.99 6.45 0.00 90 105 25 34 46 90 105 Mutual Fund Templeton Global Bond Fund TPINX 1126 0 1 Non-Proprietary Funds - International A 0 The investment seeks current income with capital appreciation and growth of income. The fund normally invests at least 80% of net assets in bonds, including debt securities of any maturity, such as bonds, notes, bills and debentures. It may invest up to 25% of total assets in bonds that are rated below investment grade. The fund also may invest a significant portion of assets in emerging markets. It's nondiversified. 880208103 8030 12360 12370 World Bond TPINX 09/18/1986 -2.53 3.67 14.02 10.66 11.08 8.47 0.00 40 34 40 46 121 TIAA-CREF High-Yield Fund TIHRX 355 0 1 Proprietary Funds - Fixed Income Retirement 0 The fund seeks high current income and, when consistent with its primary objective, capital appreciation. It normally invests at least 80% of assets in debt and other fixed-income securities rated lower than investment-grade (and unrated equivalents) or in other high-yielding debt securities. The fund invests in domestic and foreign corporate bonds, debentures, notes, convertible securities and preferred stocks. It may invest up to 20% of its assets in securities of foreign issuers and up to 15% of its assets in illiquid securities. 886315787 8030 12360 12370 High Yield Bond TIHRX 03/31/2006 0.08 4.01 19.39 6.29 0.00 34 46 131 1203 Money Market Variable Annuity CREF Money Market Account 003 0 1 Proprietary Account - Money Market N/A 0 This variable annuity account seeks high current income consistent with maintaining liquidity and preserving capital. The account invests primarily in high-quality, short-term instruments, such as commercial paper, bank obligations and U.S. government-issued securities, that are classified as "first-tier securities," meaning that they are ranked in the highest category by at least two nationally recognized rating organizations. It can invest up to 30% of its assets in money market and debt instruments of foreign issuers denominated in U.S. dollars. 194408704 8030 12360 12370 N/A 04/01/1988 0.00 0.00 0.01 2.76 2.56 4.30 0.00 78 90 105 25 30 34 46 78 90 105 0 Guaranteed Guaranteed Annuity TIAA Traditional Account 001 0 0 Proprietary Account - Money Market N/A 41518 The TIAA Traditional Annuity guarantees principal and a specified interest rate (based on TIAA's claims paying ability). It also offers the potential for greater growth through additional amounts, which may be declared on a year-by-year basis by the TIAA Board of Trustees. These additional amounts, when declared, remain in effect for the “declaration year” which begins each March 1. \n\nIf you have an Retirement Annuity (RA) contract, the TIAA annuity contract does not allow lump-sum cash withdrawals from the TIAA Traditional Annuity and transfers out must be spread over ten annual installments. If you have a Group Retirement Annuity (GRA) contract, lump-sum withdrawals are available from the TIAA Traditional Annuity, subject to the terms of your employer plan, only within 120 days after termination of employment and are subject to a 2.5% surrender charge. All other withdrawals and all transfers from TIAA Traditional to any variable annuity accounts or mutual funds offered through TIAA-CREF within the plan or to approved alternate carriers within the plan must be spread over ten annual installments (or over five years for withdrawals after termination of employment). \n\nIf you have an Retirement Annuity (RA) contract, the TIAA annuity contract does not allow lump-sum cash withdrawals from the TIAA Traditional Annuity and transfers out must be spread over ten annual installments. If you have a Group Retirement Annuity (GRA) contract, lump-sum withdrawals are available from the TIAA Traditional Annuity, subject to the terms of your employer plan, only within 120 days after termination of employment and are subject to a 2.5% surrender charge. All other withdrawals and all transfers from TIAA Traditional to any variable annuity accounts or mutual funds offered through TIAA-CREF within the plan or to approved alternate carriers within the plan must be spread over ten annual installments (or over five years for withdrawals after termination of employment). \n\nIf you have a Retirement Choice Annuity (RC) contract, subject to the terms of your employer’s plan, within 120 days after termination of employment, withdrawals from the TIAA Traditional Annuity may be made available in a lump sum. Such withdrawals are subject to a 2.5% surrender charge. At all other times, withdrawals and transfers from TIAA Traditional to any variable annuity accounts or mutual funds offered through TIAA-CREF within the plan or to approved alternate carriers within the plan from the TIAA Traditional Annuity must be spread over an 84-month period (7 years) in monthly systematic payments. 878094101 8030 12360 12370 0.00 0.00 3.65 4.43 6.46 3.50 0.00 90 105 26 32 90 105 0 Multi-Asset Mutual Fund American Funds American Balanced Fund RLBEX 1098 0 1 Non-Proprietary Funds - Asset Allocation R4 0 The investment seeks conservation of capital, current income and long-term growth of capital and income. The fund invests in a broad range of securities, including stocks, bonds and securities issued and guaranteed by the U.S. government. It normally maintains at least 50% of assets in common stocks and at least 25% of assets in debt securities, including money market securities. The fund may also hold cash or money market instruments. 024071847 8030 12360 12370 Moderate Allocation RLBEX 06/21/2002 -6.86 -2.95 13.02 1.33 3.97 0.00 40 34 40 46 121 American Funds Capital Income Builder Fund RIREX 1106 0 1 Non-Proprietary Funds - Asset Allocation R4 0 The investment seeks a level of current income and a growing stream of income over years. The fund normally invests at least 90% of assets in income-producing securities (with at least 50% of assets in equity securities). It invests primarily in a broad range of income-producing securities, including stocks and bonds. The fund may also invest significantly in securities of issuers domiciled outside the United States. 140193848 8030 12360 12370 World Allocation RIREX 05/20/2002 -7.19 -6.19 9.28 2.12 5.07 0.00 40 34 40 46 121 0 TIAA-CREF Lifecycle 2010 Fund TCLEX 135 0 1 Proprietary Funds - Asset Allocation Retirement 0 The Lifecycle 2010 Fund seeks high total return over time through a combination of capital appreciation and income. Each of the TIAA-CREF Lifecycle Funds is designed to provide a single diversified portfolio managed with a target retirement date in mind. The target date is the approximate date when investors expect to begin withdrawing money from the fund. Each portfolio invests in several underlying equity and fixed-income funds offered by TIAA-CREF Funds. Over time, the fund's target allocation will gradually become more conservative reaching an equity/fixed-income mix of approximately 40%/60% between 2017-2020. The fund's actual allocations may vary up to 10% from the current target allocations. 87244W458 8030 12360 12370 Target Date 2000-2010 TCLEX 10/15/2004 -4.78 -1.68 11.80 1.91 2.93 0.00 34 46 132 6 TIAA-CREF Lifecycle 2015 Fund TCLIX 136 0 1 Proprietary Funds - Asset Allocation Retirement 0 The Lifecycle 2015 Fund seeks high total return over time through a combination of capital appreciation and income. Each of the TIAA-CREF Lifecycle Funds is designed to provide a single diversified portfolio managed with a target retirement date in mind. The target date is the approximate date when investors expect to begin withdrawing money from the fund. Each portfolio invests in several underlying equity and fixed-income funds offered by TIAA-CREF Funds. Over time, the fund's target allocation will gradually become more conservative reaching an equity/fixed-income mix of approximately 40%/60% between 2022-2025. The fund's actual allocations may vary up to 10% from the current target allocations. 87244W441 8030 12360 12370 Target Date 2011-2015 TCLIX 10/15/2004 -6.05 -2.59 12.20 1.41 2.63 0.00 34 46 132 5 TIAA-CREF Lifecycle 2020 Fund TCLTX 137 0 1 Proprietary Funds - Asset Allocation Retirement 0 The Lifecycle 2020 Fund seeks high total return over time through a combination of capital appreciation and income. Each of the TIAA-CREF Lifecycle Funds is designed to provide a single diversified portfolio managed with a target retirement date in mind. The target date is the approximate date when investors expect to begin withdrawing money from the fund. Each portfolio invests in several underlying equity and fixed-income funds offered by TIAA-CREF Funds. Over time, the fund's target allocation will gradually become more conservative reaching an equity/fixed-income mix of approximately 40%/60% between 2027-2030. The fund's actual allocations may vary up to 10% from the current target allocations. 87244W433 8030 12360 12370 Target Date 2016-2020 TCLTX 10/15/2004 -7.30 -3.64 12.35 0.75 2.10 0.00 34 46 132 4 TIAA-CREF Lifecycle 2025 Fund TCLFX 138 0 1 Proprietary Funds - Asset Allocation Retirement 0 The Lifecycle 2025 Fund seeks high total return over time through a combination of capital appreciation and income. Each of the TIAA-CREF Lifecycle Funds is designed to provide a single diversified portfolio managed with a target retirement date in mind. The target date is the approximate date when investors expect to begin withdrawing money from the fund. Each portfolio invests in several underlying equity and fixed-income funds offered by TIAA-CREF Funds. Over time, the fund's target allocation will gradually become more conservative reaching an equity/fixed-income mix of approximately 40%/60% between 2032-2035. The fund's actual allocations may vary up to 10% from the current target allocations. 87244W425 8030 12360 12370 Target Date 2021-2025 TCLFX 10/15/2004 -8.41 -4.54 12.72 0.12 1.63 0.00 34 46 132 3 TIAA-CREF Lifecycle 2030 Fund TCLNX 139 0 1 Proprietary Funds - Asset Allocation Retirement 0 The Lifecycle 2030 Fund seeks high total return over time through a combination of capital appreciation and income. Each of the TIAA-CREF Lifecycle Funds is designed to provide a single diversified portfolio managed with a target retirement date in mind. The target date is the approximate date when investors expect to begin withdrawing money from the fund. Each portfolio invests in several underlying equity and fixed-income funds offered by TIAA-CREF Funds. Over time, the fund's target allocation will gradually become more conservative reaching an equity/fixed-income mix of approximately 40%/60% between 2037-2040. The fund's actual allocations may vary up to 10% from the current target allocations. 87244W417 8030 12360 12370 Target Date 2026-2030 TCLNX 10/15/2004 -9.67 -5.68 12.84 -0.52 1.03 0.00 34 46 132 2 TIAA-CREF Lifecycle 2035 Fund TCLRX 140 0 1 Proprietary Funds - Asset Allocation Retirement 0 The Lifecycle 2035 Fund seeks high total return over time through a combination of capital appreciation and income. Each of the TIAA-CREF Lifecycle Funds is designed to provide a single diversified portfolio managed with a target retirement date in mind. The target date is the approximate date when investors expect to begin withdrawing money from the fund. Each portfolio invests in several underlying equity and fixed-income funds offered by TIAA-CREF Funds. Over time, the fund's target allocation will gradually become more conservative reaching an equity/fixed-income mix of approximately 40%/60% between 2042-2045. The fund's actual allocations may vary up to 10% from the current target allocations. 87244W391 8030 12360 12370 Target Date 2031-2035 TCLRX 10/15/2004 -10.87 -6.74 12.75 -0.78 0.88 0.00 34 46 132 1 TIAA-CREF Lifecycle 2040 Fund TCLOX 141 0 1 Proprietary Funds - Asset Allocation Retirement 0 The Lifecycle 2040 Fund seeks high total return over time through a combination of capital appreciation and income. Each of the TIAA-CREF Lifecycle Funds is designed to provide a single diversified portfolio managed with a target retirement date in mind. The target date is the approximate date when investors expect to begin withdrawing money from the fund. Each portfolio invests in several underlying equity and fixed-income funds offered by TIAA-CREF Funds. Over time, the fund's target allocation will gradually become more conservative reaching an equity/fixed-income mix of approximately 40%/60% between 2047-2050. The fund's actual allocations may vary up to 10% from the current target allocations. 87244W383 8030 12360 12370 Target Date 2036-2040 TCLOX 10/15/2004 -10.77 -6.62 12.94 -0.43 1.25 0.00 34 46 132 1 TIAA-CREF Lifecycle 2045 Fund TTFRX 522 0 1 Proprietary Funds - Asset Allocation Retirement 0 The Lifecycle 2045 Fund seeks high total return over time through a combination of capital appreciation and income. Each of the TIAA-CREF Lifecycle Funds is designed to provide a single diversified portfolio managed with a target retirement date in mind. The target date is the approximate date when investors expect to begin withdrawing money from the fund. Each portfolio invests in several underlying equity and fixed-income funds offered by TIAA-CREF Funds. Over time, the fund's target allocation will gradually become more conservative reaching an equity/fixed-income mix of approximately 40%/60% between 2052-2055. The fund's actual allocations may vary up to 10% from the current target allocations. 886315522 8030 12360 12370 Target Date 2041-2045 TTFRX 11/30/2007 -10.81 -6.68 12.72 -11.48 0.00 34 46 132 1 TIAA-CREF Lifecycle 2050 Fund TLFRX 525 0 1 Proprietary Funds - Asset Allocation Retirement 0 The Lifecycle 2050 Fund seeks high total return over time through a combination of capital appreciation and income. Each of the TIAA-CREF Lifecycle Funds is designed to provide a single diversified portfolio managed with a target retirement date in mind. The target date is the approximate date when investors expect to begin withdrawing money from the fund. Each portfolio invests in several underlying equity and fixed-income funds offered by TIAA-CREF Funds. Over time, the fund's target allocation will gradually become more conservative reaching an equity/fixed-income mix of approximately 40%/60% between 2057-2060. The fund's actual allocations may vary up to 10% from the current target allocations. 886315514 8030 12360 12370 Target Date 2050+ TLFRX 11/30/2007 -10.66 -6.66 12.94 -11.54 0.00 34 46 132 1 TIAA-CREF Lifecycle Retirement Income Fund TLIRX 528 0 1 Proprietary Funds - Asset Allocation Retirement 0 The Lifecycle Retirement Income Fund seeks high total return over time primarily through income, with a secondary emphasis on capital appreciation. The fund is designed to provide a single diversified portfolio for investors who are already in or entering retirement. It invests in several underlying equity (stock) and fixed-income (bond) funds offered by the TIAA-CREF Funds. The fund is managed according to a fixed, more conservative asset allocation strategy. Currently, its target allocation consists of an equity/fixed-income mix of 40%/60%. 886315480 8030 12360 12370 Retirement Income TLIRX 11/30/2007 -3.08 -0.31 10.78 -1.77 0.00 34 46 132 7 Data Provided by Morningstar, Inc. © 2010 Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Neither TIAA nor its affiliates has independently verified the accuracy or completeness of this information. The returns quoted represent past performance, which is no guarantee of future results. Returns and the principal value of your investment will fluctuate. Current performance may be higher or lower than that shown above, and you may have a gain or a loss when you redeem your mutual fund shares/annuity account accumulation units. For current performance information, including performance to the most recent month-end, call 800 TIAA-CREF (800 842-2273). 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. An investment in the CREF Money Market Account is not a deposit of any bank and is neither insured nor guaranteed by the Federal Deposit Insurance Corporation or any other U.S. government agency. The 7-day money market yield listed more closely reflects the current earnings of the money market annuity account than does the total return. All CREF accounts estimate expenses each year based on projected expense and asset levels. Differences between actual expenses and the estimate are adjusted quarterly and are reflected in current investment results. Historically, adjustments have been small. The TIAA Traditional Annuity guarantees principal and a specified interest rate (based on TIAA's claims paying ability). It also offers the potential for greater growth through additional amounts, which may be declared on a year-by-year basis by the TIAA Board of Trustees. These additional amounts, when declared, remain in effect for the “declaration year” which begins each March 1.\n\nIf you have an Retirement Annuity (RA) contract, the TIAA annuity contract does not allow lump-sum cash withdrawals from the TIAA Traditional Annuity and transfers out must be spread over ten annual installments. If you have a Group Retirement Annuity (GRA) contract, lump-sum withdrawals are available from the TIAA Traditional Annuity, subject to the terms of your employer plan, only within 120 days after termination of employment and are subject to a 2.5% surrender charge. All other withdrawals and all transfers from TIAA Traditional to any variable annuity accounts or mutual funds offered through TIAA-CREF within the plan or to approved alternate carriers within the plan must be spread over ten annual installments (or over five years for withdrawals after termination of employment).\n\nIf you have an Retirement Annuity (RA) contract, the TIAA annuity contract does not allow lump-sum cash withdrawals from the TIAA Traditional Annuity and transfers out must be spread over ten annual installments. If you have a Group Retirement Annuity (GRA) contract, lump-sum withdrawals are available from the TIAA Traditional Annuity, subject to the terms of your employer plan, only within 120 days after termination of employment and are subject to a 2.5% surrender charge. All other withdrawals and all transfers from TIAA Traditional to any variable annuity accounts or mutual funds offered through TIAA-CREF within the plan or to approved alternate carriers within the plan must be spread over ten annual installments (or over five years for withdrawals after termination of employment).\n\nIf you have a Retirement Choice Annuity (RC) contract, subject to the terms of your employer’s plan, within 120 days after termination of employment, withdrawals from the TIAA Traditional Annuity may be made available in a lump sum. Such withdrawals are subject to a 2.5% surrender charge. At all other times, withdrawals and transfers from TIAA Traditional to any variable annuity accounts or mutual funds offered through TIAA-CREF within the plan or to approved alternate carriers within the plan from the TIAA Traditional Annuity must be spread over an 84-month period (7 years) in monthly systematic payments. Interest credited to TIAA Traditional Annuities includes a guaranteed rate of between 1% and 3%, plus any additional amounts that are established on a year-by-year basis. The additional amounts, when declared, remain in effect through the "declaration year," which begins each March 1. Accumulations in mutual funds not managed by TIAA-CREF may be subject to administrative charges. These charges are subject to change. Please review current documents related to your plan. Annuity contracts and certificates are issued by Teachers Insurance and Annuity Association (TIAA) and College Retirement Equities Fund (CREF), New York, NY. Annuities are designed for retirement savings or for other long-term goals. They offer several payment options, including lifetime income. Payments from TIAA and CREF variable annuities are not guaranteed, and the payment amounts will rise or fall depending on investment returns. Mutual funds do not offer the range of income options available through annuities. You will be charged a 2.00% fee of the amount redeemed or exchanged out of the fund within 60 calendar days of the initial purchase date. Please see the prospectus for details about this redemption fee and certain exemptions that may apply. The above performance data does not reflect the deduction of the redemption fee, and if reflected, the fee would reduce the performance quoted. As Target Retirement Date Funds are actively managed, their asset allocations are subject to change and may vary from those indicated. They invest in many underlying funds and are exposed to the risks of different areas of the market. The higher a fund’s allocation to stocks, the greater the risk. After the target date has been reached, some of these funds may be merged into a fund with a more stable asset allocation. In addition to the fund level expenses these funds are also subject to the expenses of their underlying investments. Please consult the prospectus for more complete information. Shares held less than 60 calendar days may be subject to a 2.00% redemption fee. Please see the prospectus for details. The fund performance shown does not reflect the deduction of this fee. Had the fee been deducted, returns would have been lower. Shares held less than 30 calendar days may be subject to a 1.00% redemption fee. Please see the prospectus for details. The fund performance shown does not reflect the deduction of this fee. Had the fee been deducted, returns would have been lower. Retirement Choice Plus Annuity contract form series IGRSP-01-84 and IGRSP-01-84-ACC