TIAA-CREF Schedule A

[austin3515]

I think TIAA CREF changed it's reporting on Schedule A. The beginning balance on the Schedule A report does NOT match the ending balance from 12/31/2010. Recently, an auditor asked me to change the schedule A such that the activity did NOT match the Schedule A report. They were using the Statement of Changes in Net Assets instead.

Does anyone know what's going on here?

[mbozek]

I think TIAA CREF changed it's reporting on Schedule A. The beginning balance on the Schedule A report does NOT match the ending balance from 12/31/2010. Recently, an auditor asked me to change the schedule A such that the activity did NOT match the Schedule A report. They were using the Statement of Changes in Net Assets instead.

Does anyone know what's going on here?

Isn't Sked A for TIAA b/c it is an insurer? Are the balances on 1/1/11 greater or less than the amounts on 12/31/10?

All I can say is that for quarterly reports sent to vested plan participants, the 12/31/10 values are the same as the the opening value on 1/1/11 and the participants closing values on 12/31/11 are the same amount as the opening balance on 1/1/12.

[austin3515]

I learned this morning. They DID change their reporting. The difference relates to defaulted participant loans.

The name of the report is Supplemental_Investment_Report_TIAA_Traditional_Annuity

The balances shown in this report make up the difference between Schedule A (which has a higher number) and the value reported on other reports. I don't know why yet or what to do about it, but I hope that helps.

P.S. this would have received more interest in the 403b forum than here since it is almost entirely unique to 403b's. I would think moving posts should be limited to more egregious offenses.