K2retire Posted October 4, 2017 Share Posted October 4, 2017 We recently took over as investment advisor on a 403(b) plan with TIAA-CREF. The client is telling us that, although the plan is bundled, TIAA-CREF will not prepare the 5500. They have provided schedules indicating all of the information that needs to go on the form, but will not prepare the actual form. Is that typical of TIAA-CREF -- or is the client misunderstanding something? Link to comment Share on other sites More sharing options...
CuseFan Posted October 4, 2017 Share Posted October 4, 2017 TIAA-CREF not performing any function related to plan compliance is par for the course from what I've seen over the years. Kenneth M. Prell, CEBS, ERPA Vice President, BPAS Actuarial & Pension Services kprell@bpas.com Link to comment Share on other sites More sharing options...
Peter Gulia Posted October 4, 2017 Share Posted October 4, 2017 Is this an opportunity for another service provider to offer a useful service? david rigby 1 Peter Gulia PC Fiduciary Guidance Counsel Philadelphia, Pennsylvania 215-732-1552 Peter@FiduciaryGuidanceCounsel.com Link to comment Share on other sites More sharing options...
Bird Posted October 5, 2017 Share Posted October 5, 2017 What does "bundled" mean in this scenario? Ed Snyder Link to comment Share on other sites More sharing options...
K2retire Posted October 5, 2017 Author Share Posted October 5, 2017 3 hours ago, Bird said: What does "bundled" mean in this scenario? I thought it meant that TIAA-CREF was doing both the record keeping and compliance work. Apparently that s not what they think, however. Link to comment Share on other sites More sharing options...
david rigby Posted October 5, 2017 Share Posted October 5, 2017 19 hours ago, Fiduciary Guidance Counsel said: Is this an opportunity for another service provider to offer a useful service? Hmmm. FGC may be on to something. My firm would be interested in discussing services. I'm a retirement actuary. Nothing about my comments is intended or should be construed as investment, tax, legal or accounting advice. Occasionally, but not all the time, it might be reasonable to interpret my comments as actuarial or consulting advice. Link to comment Share on other sites More sharing options...
Popular Post Tom Poje Posted October 5, 2017 Popular Post Share Posted October 5, 2017 Maybe it's a typo and they meant 'bungled' WDIK, david rigby, K2retire and 3 others 2 4 Link to comment Share on other sites More sharing options...
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