plan sponsor reporting & audit guide - tiaa-cref - retirement

PLAN SPONSOR REPORTING & AUDIT GUIDE2010 PLAN YEAR REPORTING FOR CLIENTS WITH QUALIFIED AND 403(b) PLANS SUBJECT TO ERISA

For Institutional Investor Use Only. Not for Use With or Distribution to the General Public. Version 1.5

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TABLE OF CONTENTSSECTION ONE. INTRODUCTION

CHAPTER 1: TIAA-CREF1.1 Regulatory Changes 31.2 Reporting Changes 31.3 The Plan Sponsor Reporting & Audit Guide 41.4 How Plans Using TIAA-CREF Contracts

Are Structured4

SECTION TWO. PLAN SPONSOR GUIDE

CHAPTER 2: YEAR-END REQUIREMENTS2.1 Responsibilities of the Plan Administrator 9

2.1.1 Satisfying Reporting and Disclosure Requirements 92.1.2 Responsibilities as a Plan Fiduciary 10

2.2 Overview of 2010 Form 5500 Filing Requirements

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2.2.1 Form 5500 Exemptions 112.2.2 2010 Form 5500 Schedules 122.2.3 Form 8955-SSA 122.2.4 Additional Required Disclosure 132.2.5 When to File Form 5500 and Form 8955-SSA 132.2.6 How to File Form 5500 142.2.7 How to File Form 8955-SSA 14

2.3 Audit Requirements 142.3.1 Small Plan Audit Waiver 152.3.2 Definition of “Participant” 15

2.4 Limited Scope vs. Full Scope Audit 162.5 Compliance Calendar 17

CHAPTER 3: PLAN YEAR-END REPORT PACKAGE OVERVIEW3.1 Summary of Reports 183.2 Obtaining Reports Using the Web 19

3.2.1 Comma-separated value (.csv) File Format 193.3 Timing of Report Distribution 203.4 Requesting Secure Access 203.5 Requesting Plan Reporting Aggregation 20

CHAPTER 4: REPORT DESCRIPTION, SAMPLES AND USE4.1 Certified Financial Reports 21

4.1.1 Certification Statement 214.1.2 Schedule of Assets Held for Investment 224.1.3 Statement of Changes to Net Assets 224.1.4 TIAA Traditional Annuity Defaulted Loan

Collateral Participant Detail Report23

4.1.5 Footnotes to the Statement of Changes to Net Assets

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4.2 Supplemental Financial Reports 234.2.1 Participant Detail Summary 244.2.2 Transaction History by Date Report 244.2.3 Transaction History by Fund Report 244.2.4 Contribution Report 244.2.5 New Loan Issued Report for Participant Loans 244.2.6 New Loan Issued Report for Plan Loans 254.2.7 Loan Activity Report for Participant Loans 254.2.8 Loan Activity Report for Plan Loans 254.2.9 Outstanding Loan Report for Participant Loans 25

4.2.10 Outstanding Loan Report for Plan Loans 254.2.11 Distribution Report 264.2.12 Plan to Plan Transfer Report 264.2.13 Forfeiture Account Report 264.2.14 Payroll Summary Report 264.2.15 Participant Contribution Investment

Allocation Report26

4.2.16 Participant Count 264.2.17 Plan ID Report 26

4.3 Supplemental Financial Reports (May also be called Plan Sponsor Reports)

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4.3.1 Missing Dates Report 27

4.3.2 Asset Allocations Statistics 274.3.3 Nearing Retirement Age Report 274.3.4 Minimum Distribution Monitoring Report 274.3.5 Small Cash Out Monitoring Report 274.3.6 Distribution Tax Information Report 284.3.7 Summary of Fees and Compensation

for Your Plan28

4.3.8 Investment Fee & Expense Disclosure 284.3.9 Direct Fees Paid from Plan Assets 28

4.3.10 Service Provider Summary 284.4 Supplemental Reports to Support Form 5500 28

4.4.1 5500 Reportable-Schedule of Assets Held for Investment

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4.4.2 5500 Reportable-Statement of Changes to net Assets

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4.4.3 Filing Summary for Schedule A (Insurance Information)

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4.4.4 Filing Summary for Schedule C (Service Provider Information)

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4.4.5 Filing Summary for Schedule D (DFE/Participating Plan Information)

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4.4.6 Filing Summary for Schedule H (Financial Information)

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4.4.7 Filing Summary for Schedule H, Line 4i (Schedule of Assets)

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4.4.8 Filing Summary for Form 5500-SF (Short Form Annual Return/Report of Small Employer Benefit Plan)

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SECTION THREE. AUDIT GUIDE

CHAPTER 5: GENERAL AUDITOR GUIDANCE5.1 Auditor Access to the Web 325.2 Requests for Additional Information 325.3 Audit Support Toolkit 32

CHAPTER 6: STATEMENT ON AUDITING STANDARDS NO. 706.1 SAS 70, In General 336.2 TIAA’s SAS 70 Reports 336.3 A New Standard SSAE 16 34

CHAPTER 7: REPORTING INFORMATION RELATED TOTIAA-CREF ANNUITIES AND INVESTMENTS7.1 TIAA Traditional Annuity, TIAA Stable Value and

TIAA Stable Return Annuity35

7.1.1 TIAA Traditional Annuity 357.1.2 TIAA Stable Return Annuity 367.1.3 TIAA Stable Value 367.1.4 Reporting in the TIAA Traditional Annuity,

TIAA Stable Value and TIAA Stable Return Annuity on the Form 5500

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7.2 TIAA Real Estate Account 367.2.1 Reporting Investments in the REA on the

Form 550036

7.3 Plan Asset Valuation 377.3.1 Frequency with which TIAA-CREF

Values Plan Assets37

7.3.2 ASC 820 (formerly known as FAS 157) – Fair Value Measurement

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7.4 Participant Loans vs. Plan Loans 387.5 Plan Confirmation Information 38

SECTION FOUR. FREQUENTLY ASKED QUESTIONS 41

SECTION FIVE. APPENDICESA. Appendix A — Sample Plan Sponsor Reporting Package 55B. Appendix B — Acronyms and Abbreviations 109C. Appendix C — Illustrative Formats for Financial Statements 110D. Appendix D — Supplemental Investment Instructions 112

TIAA-CREF has compiled this guide to help answer some questions the plan sponsor, financial and legal advisors, or plan auditor may have during the ERISA reporting process for a qualified plan or 403(b) plan subject to ERISA. For answers to questions not addressed in this Guide, call TIAA-CREF at 888 842-7782.

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SECTION ONE. INTRODUCTION

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1.1 REGULATORY CHANGESThere are no new regulatory changes impacting the reporting and disclosure for qualified and 403(b) plans subject to ERISA for the 2010 reporting cycle (any plan year beginning in the calendar year 2010).

One item new in 2009 remains unresolved for the 2010 reporting cycle. Schedule SSA has historically been used to report information on participants having a deferred vested benefit and who have separated from covered service and was attached to the Form 5500 series return. For 2009, Schedule SSA was replaced by the Form 8955-SSA, and processing responsibilities shifted from the Department of Labor to the Department of the Treasury. In November 2010, the Internal Revenue Service (IRS), the agency within the Department of the Treasury responsible for processing the Form 8955-SSA, released drafts of Form 8955-SSA and its instructions along with a request for comments on proposed information collection (Federal Register, Nov. 1, 2010). The comment period ended Jan.3, 2011. More information will be available once the form and its instructions are finalized.

Plan administrators are not required to file the Form 8955-SSA for the 2009 plan year and subsequent years until the IRS issues its guidance. The IRS anticipates the guidance will establish a special due date, expected to occur in 2011, for the 2009 Form 8955-SSA. When the Form 8955-SSA and instructions are finalized, plan administrators should expect to have a reasonable amount of time to complete and file the form by an as-yet unannounced special due date. The information reported on the new form will be similar to the information previously required for Schedule SSA. The new Form 8955-SSA must be filed directly with the IRS either on paper or electronically (once available). 1

Typically, separated participants with deferred vested benefits are reported in the plan year following the plan year in which separation from service occurred. This reporting methodology was permitted under the Schedule SSA instructions and is expected to be permitted with Form 8955-SSA. From the draft instructions, it appears that all participants with deferred vested benefits separating in plan years prior to 2009 will be reported for 403(b) plans subject to ERISA in the 2009 plan year. Participants with deferred vested benefits separating from service during the 2009 plan year will be reported in the 2010 plan year. Based on the draft instructions, separate filings will be required for each of the 2009 and 2010 plan years and each filing will contain information specific to the reporting year.

1.2 REPORTING CHANGESNow that the initial reporting year for the ERISA 403(b) plans is complete, we have expanded some sections to reflect lessons learned. We also improved the financial report package for the third consecutive year. Key changes to the annual financial report package are:

Filing Summaries have returned. These reports provide information necessary to prepare a plan’s Form 5500 and related schedules containing financial information.

Participant Contribution Investment Report that details the allocation of individual contributions to the plan’s investments.

Plan to Plan Transfers Report, that has been added to detail participant transfers into or out of the plan to assist in reconciling activity between vendors.

CHAPTER 1

TIAA-CREFPROVIDING RETIREMENT PLAN SOLUTIONS FOR THE ACADEMIC, MEDICAL, CULTURAL AND RESEARCH COMMUNITIES

1 SSA/IRS Reporter, Fall 2010, page 2.

http://www.tiaa-cref.org/ucm/groups/content/@ap_ucm_p_tcp/documents/document/tiaa01011136.pdf

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TIAA Traditional Annuity Defaulted Loan Collateral Participant Detail Report summarizing the TIAA Traditional Annuity holdings collateralizing plan loans where the participant has defaulted on the loan and has not met an event as specified by the plan or funding contract for distribution.

Plan ID Report that identifies the OPS plans included in the report package.

1.3 THE PLAN SPONSOR REPORTING & AUDIT GUIDEThis Guide provides the information needed to support standard plan financial reporting and auditing for an ERISA retirement plan funded in whole or in part by investment products provided by TIAA, CREF, TIAA-CREF or any other investment product recordkept by TIAA-CREF.

The Guide includes:

Year-end and regulatory reporting requirements, an overview of the reporting data that TIAA-CREF provides and descriptions and samples of the TIAA-CREF reports

An overview of audit guidelines, information on the SAS 70 reports and reporting information relating to TIAA-CREF investment products

Frequently asked questions

Commonly used acronyms

Examples of plan-level financial statements using TIAA-CREF investment products

TIAA-CREF is available to work directly with plan administrators to review the Guide and offer assistance when needed. Contact the plan’s assigned Institutional Liaison, or, if served by the Administrator Telephone Center, contact a TIAA-CREF consultant at 888 842-7782.

TIAA-CREF will supplement this Guide through a variety of communications designed to brief the plan sponsor on any further clarifications concerning changes in the regulatory envirnonment and provide continuing practical guidance. TIAA-CREF will continue to provide educational materials, webinars, workshops and regular communications and updates including articles posted on the TIAA-CREF Plan Sponsor website, the online 403(b) Resource Center, and in the monthly e-newsletter for plan administrators, ACCESS: TIAA-CREF. Review the schedule of our administrator webinars on the Plan Sponsor website.

TIAA-CREF is unable to provide accounting, legal, or tax advice, so we strongly encourage you to discuss matters pertaining to regulations governing an ERISA retirement plan with the plan’s tax or legal advisor or auditor.

1.4 HOW PLANS USING TIAA-CREF CONTRACTS ARE STRUCTUREDUnlike many trusteed plans, a retirement plan using TIAA and CREF annuities may be funded, in whole or in part, by individually controlled TIAA and CREF fixed and variable annuity contracts (Retirement Choice and Retirement Choice Plus contracts are controlled by the plan). Contributions made by the employer and the participant can be allocated by the participant to investments available in the TIAA and CREF contracts, and, if the plan provides, to other selected investment options (e.g., mutual funds) maintained on the TIAA-CREF recordkeeping platform. TIAA-CREF may also offer a brokerage window investment option to qualified and 403(b) plans within which a participant may invest in an expanded menu of choices.

Plan investments in mutual funds are held in trust by qualified plans and under custodial accounts for 403(b) plans. Annuity contracts are exempt from being held in a trust or custodial account. TIAA-CREF does not serve in the capacity as custodian or trustee for any plan for which it provides recordkeeping services.

SECTION 1: CHAPTER 1

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Other considerations of TIAA and CREF contracts include, but are not limited to:

The TIAA Traditional Annuity is a fixed-rate guaranteed annuity offered by Teachers Insurance and Annuity Association (TIAA), an insurance company. Contributions to the TIAA Traditional Annuity purchase a contractual or guaranteed amount of future benefits for the participant. The guarantees and returns of the TIAA Traditional Annuity are backed by TIAA’s claims-paying ability.

Liquidity restrictions apply to the TIAA Traditional Annuity under certain types of annuity contracts:

� Retirement Annuity (RA) { individually owned { no lump-sum withdrawals permitted { participant-initiated transfers may only be made in 10 annual installments

� Group Retirement Annuity (GRA) { individually owned via certificate { lump-sum withdrawals are permitted within 120 days following termination of employment and are subject to a 2.5% surrender charge

{ participant-initiated transfers may only be made in 10 annual installments

{ participant-initiated withdrawals are limited to 5 annual installments following termination of employment

� Retirement Choice (RC) { plan-controlled { participant-initiated lump-sum withdrawals are permitted within 120 days following termination of employment and are subject to a 2.5% surrender charge

{ participant-initiated transfers may only be made in 84 monthly installments

{ participant-initiated withdrawals other than lump-sum withdrawals made in the 120-day period following termination of employment may only be made in 84 monthly installments

The following TIAA Traditional Annuity contracts have no liquidity restrictions (applicable to participant withdrawals and transfers):

� Supplemental Retirement Annuity (SRA) { individually owned

� Group Supplement Retirement Annuity (GSRA) { individually owned via certificate

� Retirement Choice Plus (RCP) { plan-controlled

A plan’s accumulations in the TIAA Traditional Annuity are reported at contract value for plan financial and Form 5500 reporting, which approximates fair value. See our TIAA Traditional Annuity valuation white paper and ASC 820 guidance. (http://www.tiaa-cref.org/emsg/ plan_admin/pdf/C45147.pdf).

TIAA Traditional Annuity holdings within liquid contracts (SRA, GSRA and RCP) are benefit responsive; TIAA Traditional Annuity holdings within illiquid contracts (RA, GRA and RC) are non-benefit responsive. The two categories of TIAA Traditional Annuities are now reported separately to facilitate reporting and disclosure on the financial statements. Benefit responsiveness does not impact the Form 5500.

Because of the complexity of the vintage system, an approach to recordkeeping fixed-rate annuities that provide for an additional discretionary interest rate offered under employer-sponsored retirement plans is to unitize the annuities to more efficiently apply the interest crediting rates (combined guaranteed and discretionary rates). As a result, realized and unrealized appreciation/depreciation will appear in the plan-level reporting. All realized and unrealized appreciation/depreciation should be considered Earnings. TIAA follows this approach for TIAA Traditional Annuity, TIAA Stable Return Annuity and TIAA Stable Value.

The TIAA Stable Return Annuity is a fixed-rate group annuity product offered by TIAA, an insurance company. Contributions to the TIAA Stable Return Annuity buy a contractual or guaranteed amount of future benefits for the participant. The contract provides a guaranteed minimum rate of interest of between 1% and 3% with the potential for additional interest to be credited


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above the guaranteed minimum. Allocations to the TIAA Stable Return Annuity are backed by TIAA’s claims-paying ability. The TIAA Stable Return Annuity is immediately liquid to plan participants and does not have participant-level withdrawal restrictions (though there are “equity wash” provisions that prevent the immediate transfer of amounts from the TIAA Stable Return Annuity to any competing funds that may exist under the plan). As such, TIAA Stable Return Annuity is benefit-responsive. A plan’s accumulations in the TIAA Stable Return Annuity are reported at contract value (which approximates fair value) in all plan and participant reporting. Plan sponsors choosing to terminate a plan’s holdings in the TIAA Stable Return Annuity contract will receive contract value in two years.

The TIAA Stable Value is a fixed-rate group annuity product offered by TIAA, an insurance company. Contributions are maintained in a non-unitized separate account of TIAA and buy a contractual or guaranteed amount of future benefits for the participant. The contract provides a guaranteed minimum rate of interest of between 1% and 3% (before deductions for contract fees) with the potential for additional interest to be credited above the guaranteed minimum. TIAA Stable Value is immediately liquid to participants and does not have participant-level withdrawal restrictions (though there are “equity wash” provisions that prevent the immediate transfer of amounts from TIAA Stable Value annuity to any competing funds that may exist under the plan). As such, TIAA Stable Value is a benefit-responsive contract. A plan’s accumulations in TIAA Stable Value are reported at contract value (which approximates fair value) in all plan and participant reporting. Plan sponsors choosing to terminate a plan’s investment in the TIAA Stable Value contract will receive contract value in, at most, two years. If the two-year payout applies a Discontinuance Fee will be assessed which has the effect of reducing the interest credited during the two-year period by, at most, 75 basis points (0.75%).

The TIAA Access Annuity (TIAA Access) is a separate account of TIAA, an insurance company. It is a variable annuity and is registered with the Securities and Exchange Commission (SEC) as an investment company under the Investment Company Act of 1940. It operates as a unit investment trust.

As such, it will invest in shares of underlying mutual funds. Contributions to TIAA Access buy accumulation units whose value is calculated daily. The value of a participant’s investment rises and falls with the return on the underlying assets. TIAA Access has four tiers, each of which as an individual unit value. Audited financial statements are available at tiaa-cref.org.

TIAA Real Estate Account (REA) is a separate account of TIAA, an insurance company. It is also a variable annuity. To the extent that assets of a plan subject to ERISA are invested in the REA, TIAA will be acting as an “investment manager” as that term is defined under section 3(38) of ERISA. Contributions to the REA buy accumulation units whose value is calculated daily. The value of a participant’s investment rises and falls with the return on the underlying assets in the REA. The REA files its own Form 5500 as a pooled separate account, thereby affording investing plans with limited relief in filing their own Form 5500. See Section 7.2 for additional information. Audited financial statements are available at tiaa-cref.org.

College Retirement Equities Fund (CREF) is registered with the SEC as an open-end diversified management investment company. Contributions to the CREF variable annuity accounts buy accumulation units whose value is calculated every business day in the CREF accounts selected by the participant. The value of a participant’s accumulation rises and falls with the returns on assets in the portfolios of the accounts he or she chooses. Audited financial statements are available at tiaa-cref.org.

The TIAA-CREF Funds (the Funds) is a statutory trust registered with the SEC under the Investment Company Act of 1940 as an open-end management investment company. Each fund is a separate portfolio with its own investment objective and strategies. Contributions to the Funds purchase shares whose net asset value is calculated every business day in the Fund(s) selected by the participant. The value of a participant’s investment rises and falls with the return on the securities held in the portfolios of the individual Fund he or she chooses. The TIAA-CREF Lifecycle Funds are components of the Funds. Audited financial statements are available at tiaa-cref.org.


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SECTION TWO. PLAN SPONSOR GUIDE

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2.1 RESPONSIBILITIES OF THE PLAN ADMINISTRATORUnder ERISA, the plan administrator is the person, position or entity specifically designated as such under the terms of the plan. If a plan administrator is not specifically named, then the plan sponsor or employer generally assumes the role of plan administrator. The plan administrator is responsible for determining participants’ eligibility; determining benefits due under the plan; responding to benefit claims and appeals; and interpreting all plan provisions. The plan administrator also prepares the plan’s financial statements and engages an independent qualified public accountant if the plan’s financial statements are subject to audit. In accordance with ERISA, the plan administrator is also responsible for:

Providing an appropriate governance structure and control environment, including policies and procedures, to ensure that the plan operates in accordance with its terms and regulatory guidance

Maintaining the form of the plan document and plan records

Operating the plan for the exclusive benefit of the plan participants

Administering the plan in accordance with its terms

Responding to participants, beneficiaries and regulatory authorities

Distributing the summary plan description, summary annual report and benefit statements for plan participants and beneficiaries under the plan

Filing the Form 5500, Annual Return/Report of Employee Benefit Plan

2.1.1 SATISFYING REPORTING AND DISCLOSURE REQUIREMENTS

Annually, plan administrators of 401(a), 401(k), 403(a) and ERISA 403(b) plans must file Form 5500 and all applicable schedules with the Department of Labor and Form 8955-SSA with the Internal Revenue Service. Plan administrators are also required to provide participants with a summary plan description, summary of material modifications (if applicable) and a summary annual report. See Section 2.5 Compliance Calendar for applicable due dates for each.

403(b) plans that are not established and maintained by an employer may be referred to as safe harbor or non-ERISA 403(b) plans. These plans are not subject to ERISA and are, therefore, not subject to ERISA’s Form 5500 or audit requirements. These plans accept only employee salary reduction contributions and there is little or no employer involvement beyond the remittance of the employee contributions to a vendor. See the Department of Labor’s Field Assistance Bulletins 2007-02 and 2010-01 (http://www.dol.gov/ebsa/regs/fab2007-2.html and http://www.dol.gov/ebsa/regs/fab2010-1.html) for more information on these plans.

CHAPTER 2

YEAR-END REQUIREMENTS

http://www.dol.gov/ebsa/regs/fab2007-2.html

http://www.dol.gov/ebsa/regs/fab2007-2.html

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2.1.2 RESPONSIBILITIES AS A PLAN FIDUCIARY

A fiduciary is generally an individual or a group of people who use discretion or judgment in the management and administration of an employee benefit plan. Each plan must name at least one fiduciary in the formal plan document by name, position or title. Generally, the employer or an administrative committee serves in this capacity. A plan fiduciary must follow the Exclusive Benefit Rule, acting for the exclusive purpose of providing benefits to plan participants and beneficiaries. Additional responsibilities of a plan fiduciary who administers the plan generally include:

Acting prudently with the care and skill that a comparable fiduciary of a comparable plan would use under similar circumstances

Operating the plan in accordance with the plan document and ERISA

Preparing the plan’s financial statements and engaging an independent qualified public accountant to audit the financial statements, if required

Providing applicable participant communications consistent with the plan document

Providing diversification in the selection of plan investments to minimize the risk of substantial losses to participants and beneficiaries

Reviewing plan expenses and paying from the plan only those reasonable direct expenses of administering the plan and investing plan assets, but only if the payment of such expenses is permitted under the terms of the plan (see the TIAA-CREF Service & Fee Disclosure Guide)

Avoiding any conflicts of interest including transactions involving a sale between the plan and a party in interest, loans or extensions of credit between the plan and a party in interest, transfers to or use of plan assets for the benefit of a party in interest or any transactions that do not meet ERISA statutory, class or individual exemptions

2.2 OVERVIEW OF 2010 FORM 5500 FILING REQUIREMENTSAll retirement plans subject to ERISA have reporting requirements. With minor exceptions (see 2.2.1), these plans will file a Form 5500 to meet their reporting requirements. The Form 5500, including required schedules, is filed with the Department of Labor annually (see Section 2.2.6).

Form 8955-SSA may also be required if the plan has separated participants with deferred vested benefits (See Section 2.2.7). If required, the Form 8955-SSA is filed with the Internal Revenue Service.

Form 5500-EZ, if required, will continue to be filed with the Internal Revenue Service (IRS) for plans covering only sole proprietors, partners and their spouses (no common-law employees). Such plans may also file Form 5500-SF electronically with the Department of Labor instead of filing Form 5500-EZ with the IRS. However, doing so will allow the Form 5500-SF to be viewed on public domain websites.

A small plan may be eligible to file Form 5500-SF with its shortened reporting requirements (no schedules are attached). If a small plan is not eligible to file Form 5500-SF, it must file the Form 5500 including required schedules. To be eligible to file Form 5500-SF, a small plan must meet these conditions:

1. The plan covered fewer than 100 participants at the beginning of the plan year (the 80-120 rule applies; see Note in Section 2.3.2)

2. The plan met the conditions for being exempt from the requirement that the plan’s books and records be audited by an independent qualified public accountant (see Section 2.2.2 )

3. The plan did not hold any employer securities at any time during the plan year

4. At all times during the plan year, the plan had 100% of its assets invested in certain secure investments with a readily determinable fair value (plan assets recordkept by TIAA-CREF so qualify)

5. The plan is not a multiemployer plan


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For purposes of the Form 5500-SF, “eligible plan assets” are assets that have a readily determinable fair market value, are not employer securities and are held or issued by a bank or similar financial institution (e.g., trust companies, savings and loan associations, domestic building and loan associations, credit unions); an insurance company qualified to do business under the laws of a state; organizations registered as broker dealers; investment companies registered under the Investment Company Act of 1940; or any other organization authorized to act as a trustee for individual retirement accounts. Examples of assets that would qualify as eligible plan assets for this annual reporting purpose are mutual fund shares, investment contracts with insurance companies or banks that provide the plan with valuation information at least annually, publicly traded stock held by a registered broker/dealer, cash and cash equivalents held by a bank. TIAA participant loans are also “eligible plan assets” for this purpose whether or not they have been deemed distributed.

2.2.1 FORM 5500 EXEMPTIONS

Form 5500 is not required for plans meeting any of the following exemptions as these plans are not subject to ERISA:

A governmental plan

A church plan not electing coverage under section 401(d) of the Internal Revenue Code

A tax-deferred annuity plan exempt from ERISA under DOL regulation 2510.3-2(f), meeting these requirements:

� Participation is completely voluntary

� Employer involvement is limited to administering salary reduction agreements

� Investment options are limited to a number and selection designed to afford employees a reasonable choice

� Vendors are permitted to publicize their products to employees

� All rights under the contracts and custodial accounts are enforceable only by the participant

� The employer receives no direct or indirect consideration or compensation other than reasonable compensation to cover the expenses of administering the salary reduction agreements

An unfunded excess benefit plan under ERISA 4(b)(5)

A Savings Incentive Match Plan for Employees of Small Employers (SIMPLE) that involves SIMPLE individual retirement accounts under IRC section 408(p)

A simplified employee pension (SEP) or a salary reduction SEP described in IRC section 408(k) that conforms to the alternative method of compliance provided in the Department of Labor regulations

A pension plan that is a qualified foreign plan within the meaning of IRC section 404A(e) that does not qualify for the treatment provided in IRC section 402(e)(5)

An unfunded pension plan for a select group of management or highly compensated employees that meets the requirement of the Department of Labor regulations, including timely filing of a registration statement with the Department of Labor

An unfunded dues financed pension benefit plan that meets the alternative method of compliance provided by the Department of Labor regulations

An individual retirement account or annuity not considered a pension plan under the Department of Labor regulations

If uncertain as to the application of these exemptions to a specific plan, TIAA-CREF recommends that the plan’s tax or legal advisor be consulted.


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2.2.2 2010 FORM 5500 SCHEDULES

Large plans:

Schedule A Insurance Information

Schedule C Service Provider Information (including termination of the reporting plan’s accountant or actuary). See the TIAA-CREF Service and Fee Disclosure Guide for additional information.

Schedule D DFE/Participating Plan Information – to be included if the reporting plan had an investment in the TIAA Real Estate Account at any time during the plan year

Schedule G Financial Transaction Schedules (filed only if the reporting plan had specific types of financial transactions)

Schedule H Financial Information

Schedule R Retirement Plan Information

Small plans:

Investment products available under plans recordkept by TIAA-CREF qualify as “eligible plan assets” as that term is defined in the instructions to Form 5500-SF (see Section 2.2 for the definition). Therefore, small plans investing in TIAA, CREF and TIAA-CREF investment products will be able to file Form 5500-SF. The form has no attachments although Form 8955-SSA, if required, must be filed with the IRS. If any of a plan’s assets do not meet the definition of “eligible plan assets,” the plan must file a Form 5500 as shown here:

.Schedule A Insurance Information

Schedule D DFE/Participating Plan Information – to be included if the reporting plan had an investment in the TIAA Real Estate Account at any time during the plan year

Schedule I Financial Information – Small Plan

Schedule R Retirement Plan Information

2.2.3 FORM 8955-SSA

Schedule SSA has historically been used to report information on participants having a deferred vested benefit and who separated from covered service and was attached to the Form 5500 series return. For 2009, Schedule SSA was replaced by the Form 8955-SSA, and processing responsibilities shifted from the Department of Labor to the Department of the Treasury. In November 2010, the Internal Revenue Service (IRS), the agency within the Department of the Treasury responsible for processing the Form 8955-SSA, released drafts of Form 8955-SSA and its instructions along with a request for comments on proposed information collection (Federal Register, Nov. 1, 2010). The comment period ended Jan.3, 2011. More information will be available once the form and its instructions are finalized.

Plan administrators are not required to file the Form 8955-SSA for the 2009 plan year and subsequent years until guidance is issued by the IRS. The IRS anticipates the guidance will establish a special due date, expected to occur in 2011, for the 2009 Form 8955-SSA. When the Form 8955-SSA and instructions are finalized, plan sponsors should expect to have a reasonable amount of time to complete and file the form by an as-yet unannounced special due date. The information reported on the new form will be similar to the information previously required for Schedule SSA. The new Form 8955-SSA must be filed directly with the IRS either on paper or electronically (once available). 2

Typically, separated participants with deferred vested benefits are reported in the plan year following the


2 SSA/IRS Reporter, Fall 2010, page 2.

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plan year in which separation from service occurred. This reporting methodology was permitted under the Schedule SSA instructions and is expected to be permitted with Form 8955-SSA.

From the draft instructions, it appears that all participants with deferred vested benefits separating in plan years prior to 2009 will be reported for 403(b) plans subject to ERISA in the 2009 plan year. Participants with deferred vested benefits separating from service during the 2009 plan year will be reported in the 2010 plan year. Based on the draft instructions, separate filings will be required for each of the 2009 and 2010 plan years and each filing will contain information specific to the reporting year.

When final guidance is released by the IRS, TIAA-CREF will update plan sponsors concerning the reporting requirements of Form 8955-SSA, including filing information.

2.2.4 ADDITIONAL REQUIRED DISCLOSURE

The Form 5500 is summarized in the summary annual report (SAR). The SAR must be distributed to active and inactive plan participants and beneficiaries receiving or entitled to receive benefits each year within nine months of the end of the plan year. If the filing due date of the Form 5500 is extended, the SAR is to be distributed no later than two months after the extended due date. The preparer of the Form 5500 generally prepares the SAR and provides it to the plan administrator for distribution. For plans electing to use the TIAA-CREF Form 5500 Preparation Service, the SAR will be included.

The prescribed form of the SAR is contained in section 2520.104b-10 of the ERISA regulations as is a cross reference to the Form 5500. If portions of the prescribed form are not applicable to a plan, such information is not required to be included. If additional explanation of any prescribed information is needed to fairly summarize the annual report, it may be included in a separate category and labeled “Additional Explanation.”

2.2.5 WHEN TO FILE FORM 5500 AND FORM 8955-SSA

Retirement plans subject to ERISA are required to file Form 5500 and Form 8955-SSA no later than the last day of the seventh month following the end of the plan year. For example, if a plan year ends December 31, 2010, the filing due date is July 31, 2011. If the filing due date falls on a weekend or national holiday, the return’s due date will be extended to the next business day.

An extension of the filing due date is available:

By filing Form 5558, Application for Extension of Time to File Certain Employee Plan Returns, with the Internal Revenue Service on or before the regular filing due date. A copy of the extension must be maintained with the plan’s permanent records. The instructions to Form 8955-SSA, when finalized, will provide instructions concerning attachment of the Form 5558 when filing with the Internal Revenue Service.

By use of the plan sponsor’s tax extension (Form 8868, Application for Extension of Time to File an Exempt Organization Return or other extension

FORM 5500 AND FORM 8955-SSA FILING CALENDAR BY PLAN YEARIf Your Plan Year Ends: Your Filing Deadline: Your Extension Deadline:January 31 August 31 November 15February 28 September 30 December 15March 31 October 31 January 15April 30 November 30 February 15May 31 December 31 March 15June 30 January 31 April 15July 31 February 28 May 15August 31 March 31 June 15September 30 April 30 July 15October 31 May 31 August 15November 30 June 30 September 15December 31 July 31 October 15


14

form as appropriate) if both the plan year and the plan sponsor’s tax year are the same. A copy of the extension must be maintained with the plan’s permanent records. The instructions to Form 8955-SSA, when finalized, will provide instructions concerning attachment of the Form 8868 when filing with the Internal Revenue Service.

Special extensions as announced by the Internal Revenue Service and the Department of Labor.

2.2.6 HOW TO FILE FORM 5500

TIAA-CREF offers an optional Form 5500 Preparation Service, providing preparation services of the Form 5500 as well as the related SAR and filing options. For information on this service, contact the plan’s assigned Institutional Liaison, or if served by the Administrator Telephone Center, contact a TIAA-CREF consultant at 888 842-7782.

The completed Form 5500 and its related schedules should be filed with the Department of Labor as specified in the Form 5500 Instructions under “Electronic Filing Requirement.” Filing options are (1) use of EFAST2’s web-based filing system or (2) use of an EFAST2-approved vendor’s filing system. You’ll find detailed information on electronic filing at www.efast.dol.gov.

The plan administrator must keep a copy of the Form 5500, including schedules, extensions and attachments with all required manual signatures on file as part of the plan’s permanent records and must make a paper copy available on request to participants, beneficiaries, Department of Labor and Internal Revenue Service.

The Form 8955-SSA should also be maintained with the plan’s permanent records. However, it should be released only to the regulatory agencies as it contains confidential participant information.

Filing Summaries are available in the year-end reporting package, which details the amounts to be reported on the Form 5500 financial schedules (certain reclassifications may be necessary).

2.2.7 HOW TO FILE FORM 8955-SSA

Filing instructions for the Form 8955-SSA have not been finalized by the Department of the Treasury as of the publication of this Guide. TIAA-CREF will provide further communications following finalization of the form and its instructions. Alternatively, review the instructions, when finalized, on the Internal Revenue Service’s website by entering “8955-SSA” in the search box at www.irs.gov/retirement/index.html.

Additionally, TIAA-CREF will provide further information following the finalization of the form and its instructions.

2.3 AUDIT REQUIREMENTSThe plan administrator of a retirement plan subject to ERISA is required to:

Engage an independent qualified public accountant to conduct an audit of the plan’s financial statements and to render an opinion on the financial statements

Attach the related audit report to the plan’s Form 5500. The annual audit report or audited financial statement consists of the audit opinion, financial statements, notes to the financial statements and the required supplemental schedules.

Plan administrators should have established internal policies, procedures and controls for administering their plans and preparing financial statements, verifying that written plan document requirements have been met and selecting an independent qualified public accountant to audit the plan’s financial statements, if required. The Department of Labor provides guidance on selecting an independent qualified public accountant on its website. Additionally, the American Institute of Certified Public Accountants’ Employee Benefit Plan Audit Quality Center has helpful information on audit quality and auditor selection at its website. More information is available at:

www.dol.gov/ebsa/publications/selectinganauditor.html

Audit Quality and Auditor Selection

TIAA-CREF provides an Audit Support Toolkit (http://www.tiaa-cref.org/plansponsors/land/audit_toolkit/index.html) on the Plan Sponsor website. Please review the toolkit for more information on audit support services provided by TIAA-CREF.


http://www.aicpa.org/InterestAreas/EmployeeBenefitPlanAuditQuality/Resources/PlanSponsorResourceCenter/Pages/AuditQualityandAuditorSelection.aspx

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2.3.1 SMALL PLAN AUDIT WAIVER

Typically, a small retirement plan (less than 100 participants on the first day of the reporting plan year) may waive the audit requirement if plan assets meet certain requirements. However, in limited circumstances, the plan administrator of a small retirement plan may also be required to engage an independent qualified public accountant. Refer to the chart above to help determine whether a small plan may waive ERISA’s audit requirement. For more information on the small plan audit waiver, please visit the DOL website (www.dol.gov/ebsa).

2.3.2 DEFINITION OF “PARTICIPANT”

Generally, for purposes of ERISA, a large plan is a plan having 100 or more participants on the first day of the plan year and a small plan is one having less than 100 on the first day of the plan year. For this purpose, the term “participant” includes individuals meeting one of these definitions:

1. Active – any individuals who are currently in employment covered by a plan and who are earning or retaining credited service under a plan. This category includes any individuals who are eligible to elect to have the employer make payments to a 401(k) qualified cash or deferred arrangement or a 403(b) tax-deferred annuity. Active participants also include any nonvested individuals who are earning or retaining credited service under a plan. This category does

not include (a) nonvested former employees who have incurred the break in service period specified in the plan or (b) former employees who have received a “cash out” distribution or deemed distribution of their entire nonforfeitable accrued benefit.

2. Retired or separated participants receiving benefits – any individuals who are retired or separated from employment covered by the plan and who are receiving benefits under the plan. This category does not include any individual to whom an insurance company has made an irrevocable commitment to pay all the benefits to which the individual is entitled under the plan. This category does not include individuals who have annuitized their plan benefits. Such individuals have taken a total distribution of their benefits and are no longer associated with the plan.

3. Other retired or separated participants entitled to future benefits – any individuals who are retired or separated from employment covered by the plan and who are entitled to begin receiving benefits under the plan in the future. This category does not include any individual to whom an insurance company has made an irrevocable commitment to pay all the benefits to which the individual is entitled under the plan.


SMALL PENSION PLAN AUDIT WAIVER SUMMARY

Is the plan a pension plan?

Small pension plan audit waiver conditions do not apply.

The conditions for the waiver have not been satisfied.

The conditions for the waiver of an Independent Qualified Public Accountant audit and report have been satisfied.

Is the Schedule I required as partof the plan’s annual report?

Do at least 95% of the assets of the planconstitute “qualifying plan assets”?

Is each person who handles nonqualifying planassets properly bonded in an amount that is at leastequal to the value of the nonqualifying plan assets? Does the administrator disclose the required

information in the SAR and on request?

YESNO

NO

NO

YES

NO

NO

YES

YES

YES

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4. Deceased individuals whose beneficiaries are receiving or are entitled to receive benefits – includes only the deceased individual and not the number of beneficiaries. This category does not include an individual if an insurance company has made an irrevocable commitment to pay all the benefits to which the beneficiaries of that individual are entitled under the plan.

Note: Plans having between 80 and 120 participants on the first day of the reporting plan year may be able to file the same type of return as filed in the immediately preceding reporting year.

For ERISA 403(b) plans only: The Department of Labor issued Field Assistance Bulletin 2009-02 on July 20, 2009, providing relief to ERISA 403(b) plans subject to Title I of ERISA.The relief allowed plan sponsors to treat annuity contracts and custodial accounts as not being part of the plan provided:

The contract or account was issued to a current or former employee before Jan. 1, 2009

The employer ceased to have any obligation to make contributions (including employee salary reduction contributions) and, in fact, ceased making contributions to the contract or account before Jan. 1, 2009

All of the rights and benefits under the contract or account are legally enforceable against the insurer or custodian by the individual owner of the contract or account without any involvement of the employer

The individual owner of the contract or account is fully vested in the contract or account

DOL subsequently issued FAB 2010-01 on Feb. 17, 2010, with related annual reporting and coverage questions and answers.

This method of counting participants may not be appropriate under generally accepted accounting principles for the preparation of a plan’s financial statements. The IQPA can provide additional assistance in assessing its applicability.

Participants who are excluded under FAB 2009-02 may continue to be excluded from the Form 5500 or Form 5500-SF in subsequent years unless an excluded contract or account is exchanged, in whole or in part for a contract or account under the employer’s 403(b) plan. The new contract or account should be included in the financial information on Form 5500 or Form 5500-SF and the associated participant counted for purposes of the participant counts. For purposes of a plan’s financial statements, treatment of an exchange transaction will be dependent upon the reporting methodology originally afforded the contract or account being exchanged.

You can find FAB 2009-02 at http://www.dol.gov./ebsa/regs/fab2009-2.html.

You can find FAB 2010-01 at http://www.dol.gov/ebsa/regs/fab2010-1.html.

TIAA-CREF cannot and does not offer accounting or legal advice. We recommend that the plan consult with its auditor and legal counsel concerning the application of and relief granted by the Department of Labor under FAB 2009-02 and FAB 2010-01.

2.4 LIMITED SCOPE VS. FULL SCOPE AUDITThe plan administrator may direct the independent qualified public accountant (IQPA or plan auditor) to perform either a full scope or a limited scope audit. The Employee Benefit Plans Audit Quality Center of the American Institute of Certified Public Accountants (AICPA) website provides additional information about limited scope audits as permitted under ERISA. http://www.aicpa.org/InterestAreas/EmployeeBenefitPlanAuditQuality/Resources/AccountingandAuditingResourceCenters/Pages/LimitedScopeAuditsResourceCenter.aspx

In general, a limited scope audit focuses on participant transactions and not on performing auditing procedures with respect to any statements prepared and certified by a bank or similar institution or insurance carrier regulated, supervised and subject to periodic examination by a State or Federal agency. The statements must be certified as to both


17

the accuracy and completeness of the investment information to permit the use of the limited scope audit. TIAA and CREF (collectively referred to here and in the certification as TIAA-CREF) are both insurance carriers regulated, supervised and subject to periodic examinations and as such will certify the plan investments for which they recordkeep and their related investment activity to enable the plan administrator to instruct the IQPA to perform a limited scope audit. Additionally, TIAA-CREF has been authorized by JPMorgan Chase Bank, N.A. to certify plan investments as required by 29 CFR 2520.103-5(d) related to plans for which it serves as directed custodian and/or trustee (includes all non-annuity investments but not investments purchased using a brokerage window, if applicable).

Invocation of the limited scope does not eliminate a plan’s audit requirement; it simply allows the plan auditor to reduce the level of audit work performed in the area of investments and, thereby, possibly reduce the overall cost of the audit. It will not affect the audit work related to participant data, contributions, benefit payments or other plan information whether or not it is certified.

The plan administrator should discuss the audit scope and reach an agreement with the IQPA prior to the start of audit fieldwork as the overall cost of the audit may be affected.

In addition to modifications resulting from the performance of a limited scope audit, the majority of ERISA 403(b) plans received a modified opinions for the 2009 plan year because the plan’s IQPA was unable to gain sufficient comfort as to the completeness and accuracy of the plan’s beginning balance. This scope limitation is likely to continue until the 2009 beginning balance is no longer material to the financial statements as a whole. This important topic should be discussed with the plan’s IQPA.

2.5 COMPLIANCE CALENDARAn important role of a plan administrator is to ensure an employee benefit plan is operated in compliance with its terms and regulatory guidance. A plan may have general compliance requirements for which specific forms are required, each having its own filing deadline. To assist plan administrators with monitoring their employee benefit plans, follow this link to our compliance calendar for key dates to remember.

http://www.tiaa-cref.org/ucm/groups/content/ @ap_ucm_p_tcp/documents/document/tiaa04017746.pdf




http://knowledgeexchange.ops.tiaa-cref.org/Documents/06_09_Compliance_Calendar.pdf

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3.1 SUMMARY OF REPORTSThe 2010 plan year-end report package will be available on the Plan Sponsor website and will include up to 40 reports. Each report is described in detail in Chapter 4. Each report contains the plan sponsor name, plan name, plan identifier, report name and reporting period, as displayed in the following sample report.

See Section Five, Appendix A for samples of the 2010 reporting package.

Reporting TierCertification Statement

Financial Reports

Supplemental Financial Reports

Large 401(a), 401(k), 403(a), and 403(b) plans

X X X

Small 401(a), 401(k), 403(a), and 403(b) plans

X X X

CHAPTER 3

PLAN YEAR-END REPORT PACKAGE OVERVIEW

Report Name

Institution Name

Reporting period for which report activity

is generated

Information specific to your Institution’s

retirement plan

Date and time reports were

generated

Your unique plan identifier assigned

by TIAA-CREF for quick reference

to your plan

Your institution’s retirement plan name

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3.2 OBTAINING REPORTS USING THE WEBPlan year-end reports, as well as certain historical reports, are available on the Plan Sponsor website. For large 403(b) plans, historical plan-level reports are available beginning with the 2008 plan year. For small 403(b) plans, historical plan-level reports are limited to the 2009 plan year only. In addition to the identified reports, enhanced web functionality for the Plan Financial Reporting application will include:

Centralized reporting where all plan reports will be available under the Reports section, under the Plan Financials link.

E-mail notifications when plan reports are available on the Plan Sponsor website.

Ability to download the plan financial reporting package in either .pdf or .csv format, in whole or in part

To access the plan financial reporting package, when available:

1. Go to www.tiaa-cref.org/plansponsors and click Log In

2. Once logged in, select the Reports section

3. From the Reports landing page, select Plan Financials from the menu listed

4. On the Plan Financials landing page, select the year; a list of plans and related reporting packages is provided

5. On the Plan Financials page, select the specific reports for downloading by checking the applicable boxes or select Download Entire Package to download all the reports in either .pdf version or .csv version, then click Continue

6. On the Format Selection page, select the boxes next to .pdf or .csv delivery method for the selected reports, then click Continue

7. A download window will appear permitting a selection of either saving or opening the selected report(s). ERISA requires plan sponsors to retain records for seven years. We strongly suggest that the entire report package be archived in the plan’s permanent records.

3.2.1 COMMA-SEPARATED VALUE (.CSV) FILE FORMAT

A .csv-formatted file allows the requested report to be saved as a text file which can be opened into a spreadsheet or basic database software application for additional functionality. For example, the instructions here are for using Microsoft Excel as the database software application.

1. Click the destination cell for the data from the text file. To ensure that the external data does not replace existing data, make sure that the worksheet has no data below or to the right of the cell you clicked.

2. On the Data menu, point to Import External Data, and then click Import Data.

3. In the Files of type box, click Text Files.

4. In the Look in list, locate and double-click the intended text file (an external data range).

5. Follow the instructions in the Text Import Wizard to divide the text into columns, and then click Finish.

6. In the Import Data dialog box, click Properties to set formatting and layout options for the imported data.

7. In the Import Data dialog box, select one of the following:

a. To return the data to the selected location, click Existing worksheet, and then click OK.

b. To return the data to a new worksheet, click New worksheet, and then click OK. Microsoft Excel adds a new worksheet to the workbook and automatically puts the external data range in the upper-left corner of the new worksheet.


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3.3 TIMING OF REPORT DISTRIBUTIONFor both qualified plans and 403(b) plans, 2010 year-end reports will be available approximately 60 days following the end of the plan year for plan years beginning on or after Jan. 1, 2010. Notifications appear on the Plan Profile and Reports landing pages when the plan financial reports are ready for viewing. Plan administrators will receive an e-mail when plan reports are available on the Plan Sponsor website.

3.4 REQUESTING SECURE ACCESSEligible employees of the plan sponsor can register for secure access to the Plan Sponsor website. The Plan Sponsor website enables the administration of important plan tasks in an environment that is secure, fast and easy to use. If appropriate staff members have not been provided access, an authorized representative of the plan sponsor may grant such access by completing the Administrator Services Application (www.tiaacref.org/administrators/ admin_services/admin_form/pdf/online_form1_r4.pdf).

Once the request is received, TIAA-CREF will send an e-mail to the newly authorized staff member with detailed instructions on how to create a user ID and password. With secure access, staff members can:

Run online reports

Get online compliance

Inquire about participants’ account balances, allocations and contributions

Access secure and confidential participant information

If staff members have general access that does not include Plan Financial reports, contact the plan’s assigned Institutional Liaison, or if served by the Administrator Telephone Center contact a TIAA-CREF consultant at 888 842-7782 for assistance in securing the appropriate access.

3.5 REQUESTING PLAN REPORTING AGGREGATIONIf a single ERISA plan is being recordkept as more than one OPS plan, TIAA-CREF can aggregate these components into a single consolidated plan year-end report. This will simplify the preparation of the plan’s financial statements while maintaining separate components in the recordkeeping system. Requests to aggregate plan-level reporting must be received prior to the end of the reporting year for which aggregation is requested. To request plan reporting aggregation, contact the plan’s assigned Institutional Liaison, or if served by the Administrator Telephone Center contact a TIAA-CREF consultant at 888 842-7782.


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WHAT’S NEW FOR 2010Although still a single funding vehicle, the reporting of the TIAA Traditional Annuity has been modified to report the benefit responsive and non-benefit responsive holdings separately to facilitate financial reporting and disclosure. See section 1.4 for information pertaining to the TIAA Traditional Annuity benefit responsive and non-benefit responsive contracts.

Filing Summaries have returned. These reports provide the information necessary to prepare the majority of the plan’s Form 5500 schedules.

In addition, four new reports are being introduced for 2010:

Participant Contribution Investment Allocation Report detailing the allocation of participants’ contributions to the plans’ investments to assist in evaluating contributions.

Plan to Plan Transfers Report detailing participant transfers into or out of the plan to assist in reconciling activity between vendors.

TIAA Traditional Annuity Defaulted Loan Collateral Participant Detail Report summarizing the TIAA Traditional Annuity holdings collateralizing plan loans where the participant has defaulted and has not met an event as specified by the plan or funding contract for distribution. See Appendix D for detailed instructions.

Plan ID Report identifying the OPS plans included in the report package to assist plan sponsors receiving a combined report including multiple OPS plans.

4.1 CERTIFIED FINANCIAL REPORTSCertified financial reports address the completeness and accuracy of the plan investments as recordkept by TIAA-CREF and the related investment activity for the specified reporting period. These reports provide financial information needed to complete financial disclosure required for the Form 5500 as well as to develop the plan’s financial statements. See Section Five, Appendix A, for a sample of the 2010 certified financial reports. The certified financial report package includes:

Certification Statement

Schedule of Assets Held for Investment

Statement of Changes to Net Assets

TIAA Traditional Annuity Defaulted Loan Collateral Participant Detail

4.1.1 CERTIFICATION STATEMENT

Certification Statement certifies the completeness and accuracy of investment information and related investment activity, thereby permitting plan administrators to instruct an IQPA to perform a limited scope audit. As permitted under ERISA regulation, TIAA-CREF, as an insurance carrier, certifies this information for investments in annuities for which it serves as recordkeeper. TIAA-CREF has been authorized by JPMorgan Chase Bank, N.A. (JPMC) to certify on its behalf for investments for which TIAA-CREF serves as recordkeeper and for which JPMC serves as directed trustee (qualified plans) or directed custodian (403(b) plans).

CHAPTER 4

REPORT DESCRIPTION, SAMPLES AND USE

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4.1.2 SCHEDULE OF ASSETS HELD FOR INVESTMENT

Schedule of Assets Held for Investment is the balance sheet for the plan and includes the investment price, unit balance market value and cost for each investment of the plan recordkept by TIAA-CREF as of the end date of the specified reporting period.

The Schedule of Assets Held for Investment provides a snapshot of all plan investments with a beginning or ending market value or activity (e.g., contributions, withdrawals) during the reporting period. The ending unit balance, market value and cost for each investment equals the ending unit, market value and cost for each investment on Statement of Changes to Net Asset and Participant Detail Summary.

4.1.3 STATEMENT OF CHANGES TO NET ASSETS

Statement of Changes to Net Assets is the income statement and summarizes the investment activity and direct expenses associated with each investment of the plan recordkept by TIAA-CREF for the specified reporting period. The Statement of Changes to Net Assets groups certain transactions to summarize items as required by the Form 5500. The transactions are defined and reported on the Form 5500 as follows:

Beginning Balance

Market Value at the Beginning of the Period: the beginning balance by investment and total as of the previous plan year end and equal to the beginning market value by investment and in total on the Participant Detail Summary

Additions To Net Assets

Contributions: Supporting participant level activity by source is provided in Contribution Report and Participant Detail Summary

Other Receipts: Additional receipts into the plan not categorized as Contributions

Investment Income

Earnings: Supporting participant level activity by source and fund is provided in Participant Detail Summary

Participant Loan Interest: Supporting plan and participant level activity by source and fund is provided in Participant Detail Summary and Loan Activity Report

for Participant Loans. (See Section 7.4, Participant Loans vs. Plan Loans, for a complete description of the difference between participant and plan loans.)

Dividends: Supporting participant level activity by source and fund is provided in Participant Detail Summary

Realized/Unrealized Gain (Loss): Supporting participant level activity by source and fund is provided in Participant Detail Summary

Deductions From Net Assets

Withdrawals: Supporting participant level activity by source and fund provided in Distribution Report and Participant Detail Summary

Distributions: Supporting participant level activity by source and fund provided in Distribution Report and Participant Detail Summary

Annuity Settlement Options: Supporting participant level activity by source and fund provided in Distribution Report and Participant Detail Summary

Forfeitures: Supporting plan and participant level activity by source and fund provided in Participant Detail Summary, Distribution Report and Forfeiture Account Report

Fees: Supporting plan and participant level activity by source and fund provided in Participant Detail Summary and Direct Fee Report

Other Deductions: Other deductions not included in any of the above categories

Transfers

Interfund Transfers In/(Out): Supporting participant level activity by source and fund for fund transfers between investments within the plan provided in Participant Detail Summary

Conversions In/(Out): Supporting participant level activity by source and fund for fund transfers between investments within the plan provided in Participant Detail Summary

Plan to Plan Transfers In/(Out): Supporting participant level activity by source and fund for plan transfers outside of the plan provided in Participant Detail Summary


23

Participant Loans (Issued): Supporting plan and participant level activity by source and fund provided in Participant Detail Summary, New Loan Issued Report and Loan Activity Report for Participant Loans. (See Section 7.4, Participant Loans vs. Plan Loans, for a complete description of the difference between participant and plan loans.)

Participant Loan Principal Repayments: Supporting plan and participant level activity by source and fund provided in Participant Detail Summary and Loan Activity Report for Participant Loans. (See Section 7.4, Participant Loans vs. Plan Loans, for a complete description of the difference between participant and plan loans.)

Ending Balance

Market Value at the End of the Period: Calculated total of all subtotals and equal to the ending market value on Schedule of Assets Held for Investment and Participant Detail Summary

Participant Balance at the End of the Period: Represents the participant balances reflected in the recordkeeping system and equals the Market Value at the End of the Period.

4.1.4 TIAA TRADITIONAL ANNUITY DEFAULTED LOAN COLLATERAL PARTICIPANT DETAIL REPORT

TIAA Traditional Annuity Defaulted Loan Collateral Participant Detail Report is a companion report to the Statement of Changes to Net Assets and summarizes the investment activity and direct expenses associated with the holdings collateralizing certain defaulted plan loans, which represent assets of the plan. The report includes the beginning balance, earnings, withdrawals/distributions and ending balance at a participant level. These amounts are not included in the Schedule of Assets Held for Investment or Statement of Changes to Net Assets and should be added to the amounts reported in both for the specified reporting period. For more information on plan loans see section 7.4. See Appendix D for detailed instructions.

4.1.5 FOOTNOTES TO THE STATEMENT OF CHANGES TO NET ASSETS

If applicable, the plan’s reporting package may include footnotes to provide detailed explanations related to certain transactions of the Plan recordkept by TIAA-CREF for the specified reporting period. Information contained in the Footnote Report may be needed in the development of the plan’s financial statements.

4.2 SUPPLEMENTAL FINANCIAL REPORTSSupplemental Financial Reports provide the detail to support the certified financial reports and are typically required by plan auditors. See Section Five, Appendix A, for a sample of the 2010 Supplemental Financial Reports.

Supplemental Financial Reports include:

Participant Detail Summary

Transaction History by Date Report

Transaction History by Fund Report

Contribution Report

New Loan Issued Report for Participant Loans

New Loan Issued Report for Plan Loans

Loan Activity Report for Participant Loans

Loan Activity Report for Plan Loans

Outstanding Loan Report for Participant Loans

Outstanding Loan Report for Plan Loans

Distribution Report

Plan to Plan Transfers In/Out Report

Forfeiture Account Report

Payroll Summary Report

Participant Contribution Investment Allocation Report

Participant Count

Plan ID Report


24

4.2.1 PARTICIPANT DETAIL SUMMARY

Participant Detail Summary provides a detailed summary of all activity in each participant’s account. It includes beginning and ending market values, contributions, earnings, transfers, distributions, forfeitures, loan activity and direct fees broken down by investment and source. In addition, demographic data provided by the plan administrator is displayed (e.g., date of birth, date of hire). However, the plan administrator should rely on data maintained internally.

Some demographic descriptions, such as participant status and plan entry date, will be displayed; however, these may not contain related participant information. The plan administrator may provide additional information for these fields to be populated for future reporting.

Participant Detail Summary provides plan administrators with the opportunity to review activity posted to a participant’s account within a reporting period to assist in answering questions that may arise. Accumulations of these participant activities at the plan level — and in some cases the source and fund level — are provided in Schedule of Assets Held for Investment, Statement of Changes to Net Assets, Transaction History by Date Report, Transaction History by Fund Report, Contribution Report, New Loan Issued Report for Participant Loans, Loan Activity Report for Participant Loans, Outstanding Loan Report for Participant Loans, Distribution Report, Direct Fee Report and Forfeiture Account Report.

4.2.2 TRANSACTION HISTORY BY DATE REPORT

Transaction History by Date Report indicates the purchase, sale, net change, cost and realized gain (loss) totals for all financial related transactions for the specified reporting period, identified by transaction date. Transaction History by Date Report provides plan administrators the individual transactions that when accumulated on a plan level are provided in Statement of Changes to Net Assets, Participant Detail Summary, Contribution Report, New Loan Issued for Participant Loans, Loan Activity Report for Participant Loans, Distribution Report, Direct Fee Report and Forfeiture Account Report.

4.2.3 TRANSACTION HISTORY BY FUND REPORT

Transaction History by Fund Report indicates the purchase, sale, net change, cost and realized gain (loss) totals for all financial related transactions for the specified reporting period, identified by investment and transaction date. The Transaction History by Fund Report provides plan administrators the individual transactions that when accumulated on a plan and fund level are provided in Statement of Changes to Net Assets, Participant Detail Summary, Contribution Report, New Loan Issued for Participant Loans, Loan Activity Report for Participant Loans, Distribution Report, Direct Fee Report and Forfeiture Account Report.

4.2.4 CONTRIBUTION REPORT

Contribution Report reflects total contributions allocated to the participant’s account (including reallocated forfeitures), identified by source of money (e.g., Employee pretax, Employer, Rollover) for the specified reporting period. The Contribution Report provides a participant’s contribution activity to assist plan administrators in monitoring elective deferrals for compliance with annual deferral and contribution limitations. The contribution amounts reported in total, by source and by participant equal the contribution amounts in total, by source and by participant on Participant Detail Summary. Additionally, the contribution amounts reported, in total and by source, equal the contribution amounts, in total and by source, on the Statement of Changes to Net Assets.

4.2.5 NEW LOAN ISSUED REPORT FOR PARTICIPANT LOANS

New Loan Issued Report for Participant Loans provides a summary of participant loans recordkept by TIAA-CREF for the specified reporting period. The report includes loan issue date, first payment date, next payment date, last payment date, loan amount, interest rate, payment frequency and payment amount. (See Section 7.4, Participant Loans vs. Plan Loans, for a complete description of the difference between participant and plan loans.) The new loan amounts, reported in total and by participant, equal the loan issued amounts by date on the Transaction History by Date Report and the new loan issued amount on the Loan Activity Report for Participant Loans. Additionally, the new loan issued amount, in total, equals the Participant Loans Issued amount in the Participant Loan fund in the Statement of Changes to Net Assets.


25

4.2.6 NEW LOAN ISSUED REPORT FOR PLAN LOANS

New Loan Issued Report for Plan Loans provides a summary of plan loans recordkept by TIAA-CREF for the specified reporting period. The report includes loan issue date, first payment date, next payment date, last payment date, loan amount, interest rate, payment frequency and payment amount. The new loan amounts reported, in total and by participant, equal the new loan issued amount on the Loan Activity Report for Plan Loans, but will not be reflected in any other reports. (See Section 7.4, Participant Loans vs. Plan Loans, for a complete description of the difference between participant and plan loans.)

4.2.7 LOAN ACTIVITY REPORT FOR PARTICIPANT LOANS

Loan Activity Report for Participant Loans provides a reconciliation of participant loan-related activity recordkept by TIAA-CREF for the specified reporting period. The report includes beginning loan balance, new loans issued, loan principal repaid, deemed and/or distributed loan-related activity and ending loan balance. The loan activity amounts reported, in total and by participant, equal the loan activity amounts, in total and by participant, on Participant Detail Summary. Additionally, the loan amounts reported in total equal the loan amounts for the Participant Loan Fund on the Schedule of Assets Held for Investment, Statement of Changes to Net Asset. (See Section 7.4, Participant Loans vs. Plan Loans, for a complete description of the difference between participant and plan loans.)

4.2.8 LOAN ACTIVITY REPORT FOR PLAN LOANS

Loan Activity Report for Plan Loans provides a reconciliation of plan loan-related activity (e.g., beginning loan balance, new loans issued, loan principal repaid, deemed and/or distributed loan-related activity, end loan balance) recordkept by TIAA-CREF for the specified reporting period. Plan loan information is only provided in this report and the Outstanding Loan Report for Plan Loans and other plan loan-related reports, and will not be reflected in any other reports. (See Section 7.4, Participant Loans vs. Plan Loans, for a complete description of the difference between participant and plan loans.)

4.2.9 OUTSTANDING LOAN REPORT FOR PARTICIPANT LOANS

Outstanding Loan Report for Participant Loans provides summary information for participants with an outstanding loan balance at the end of the specified reporting period. The report includes issue date, original amount of loan, next payment due date, last payment due date, interest rate of loan, payment frequency, payment amount, ending loan balance and loan status as of the ending of the reporting period. The ending loan balance, in total and accumulated by participant (if multiple loans), equals the ending loan balance, in total and by participant, on Participant Detail Summary. Additionally, the ending loan balance in total equals the ending loan balance for the Participant Loan Fund on the Schedule of Assets Held for Investment, Statement of Changes to Net Assets. (See Section 7.4, Participant Loans vs. Plan Loans, for a complete description of the difference between participant and plan loans.)

4.2.10 OUTSTANDING LOAN REPORT FOR PLAN LOANS

Outstanding Loan Report for Plan Loans provides summary information for participants with an outstanding loan balance at the end of the specified reporting period. Plan loan information is only provided in this report, the Loan Activity Report for Plan Loans and other plan loan-related reports, and will not be reflected in any other reports. (See Section 7.4, Participant Loans vs. Plan Loans, for a complete description of the difference between participant and plan loans.)


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4.2.11 DISTRIBUTION REPORT

Distribution Report provides a detailed listing of benefit payments (e.g., termination, minimum distribution, hardship, in-service distributions) issued during the specified reporting period and includes the distribution date, type of distribution, distribution reason, the gross distribution amount, the forfeiture amount, rollover indicator and rollover amount. The Distribution Report assists plan administrators in monitoring distributions made to plan participants based on individual requests as well as in compliance with annual distribution requirements (e.g., minimum distributions). The distribution amount, in total and if accumulated by participant (if multiple distributions), equals the ending distribution amount, in total and by participant, on Participant Detail Summary. Additionally, the ending distribution amount equals the ending distribution amounts, broken down by distribution type, on the Statement of Changes to Net Assets.

4.2.12 PLAN TO PLAN TRANSFER REPORT

Plan to Plan Transfers In/Out Report provides a detailed listing of plan to plan transfers in and out of the plan during the specified reporting period and includes the transfer date, type of transfer (in or out). The Plan to Plan Transfers In/Out Report assists plan administrators in monitoring transfers made by plan participants based on individual requests. The transfer amount, in total and if accumulated by participant (if multiple distributions), equals the ending transfer amount, in total and by participant, on Participant Detail Summary. Additionally, the ending transfer amount equals the ending transfer amounts on the Statement of Changes to Net Assets.

4.2.13 FORFEITURE ACCOUNT REPORT

Forfeiture Account Report provides a summary of the activity in the forfeiture account for the specified reporting period and includes opening and closing balance, balances forfeited, miscellaneous forfeiture adjustments, forfeitures used, investment income earned and forfeiture related fees. Additionally, it provides a breakdown, by participant, of the balances forfeited.

4.2.14 PAYROLL SUMMARY REPORT

Payroll Summary Report provides a summary of all payroll deposits including contributions, loan repayments and payroll adjustments for the specified reporting period. The Payroll Summary Report assists plan administrators in monitoring payroll deductions processed during the plan year. The Payroll Summary Report by source (e.g., Employee Pretax plus Payroll Adjustments Employee Pretax) is equal to the Contribution Report by source.

4.2.15 PARTICIPANT CONTRIBUTION INVESTMENT ALLOCATION REPORT

Participant Contribution Investment Allocation Report provides the contribution percentage of their contributions that is allocated to each investment at the beginning of the year and any changes made during the reporting period.

4.2.16 PARTICIPANT COUNT

Participant Count provides a detailed summary of participant counts for the specified reporting period. It includes a count of the participants at the beginning of the plan year, active participants, retired or separated participants receiving benefits or entitled to future benefits, deceased participants whose beneficiaries are entitled to future benefits, participants with account balances at the end of the plan year, and participants who have terminated employment within the plan year and accrued benefits that are less than 100% vested.

Note: The plan administrator should review and make adjustments as needed based on internal data. The plan administrator may also provide additional information to TIAA-CREF for these fields to be populated for future reporting.

4.2.17 PLAN ID REPORT

Plan ID Report provides a summary of the OPS plan numbers included in the report package. This is useful in situations where TIAA maintains multiple OPS plans for a single ERISA plan.


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4.3 SUPPLEMENTAL FINANCIAL REPORTS Supplemental Financial Reports, which may also be referred to as Plan Sponsor Reports, provide information to assist the plan administrator in his or her administrative duties. Plan Sponsor Reports include:

Missing Dates Report

Asset Allocation Statistics

Nearing Retirement Age Report

Minimum Distribution Monitoring Report

Small Cash Out Monitoring Report

Distribution Tax Information Report

Summary of Fees and Compensation for Your Plan

Investment Fee & Expense Disclosure

Direct Fees Paid from Plan Assets

Service Provider Summary

4.3.1 MISSING DATES REPORT

Missing Dates Report provides summary information on participants with missing or potentially incorrect dates (e.g., date of birth, date of hire, date of hire greater than or equal to date of termination, date of rehire less than or equal to date of hire, date of hire greater than date of death, blank date of death and participant has a deceased status reason, or blank date of termination and participant has a terminated status, etc.). The Missing Dates Report identifies participants with missing date information that is necessary to provide accurate administration.

4.3.2 ASSET ALLOCATION STATISTICS

Asset Allocation Statistics provides a breakdown of investment allocations identified by investment, number of participants, participant age and location. It provides the plan administrator with the necessary information to monitor the diversification of participant investments to target educational messages to employees.

4.3.3 NEARING RETIREMENT AGE REPORT

Nearing Retirement Age Report provides a listing of active participants with less than one year until retirement and a vested account balance. It includes date of birth, age, number of months until retirement, expected retirement date and vested account balance. The Nearing Retirement Age Report provides the plan administrator with the necessary information to be able to communicate with employees who are nearing retirement age.

4.3.4 MINIMUM DISTRIBUTION MONITORING REPORT

Minimum Distribution Monitoring Report provides summary information for participants who are over or are approaching age 70½ and with a vested account balance. It includes certain demographic data, current account balance, pretax contributions and vested total account balance for the specified reporting period. The Minimum Distribution Monitoring Report provides the plan administrator with a summary of participants who are, or will be soon, required to begin taking minimum distributions.

4.3.5 SMALL CASH OUT MONITORING REPORT

Small Cash Out Monitoring Report includes participants who have been terminated with a vested account balance greater than $0 but less than $1,000 at the end of the specified reporting period. It includes certain demographic data, as well as vested total account balance. The Small Cash Out Monitoring Report provides the plan administrator with information necessary to distribute account balances to terminated participants with less than $1,000 if permitted under the terms of the plan document or annuity contracts.


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4.3.6 DISTRIBUTION TAX INFORMATION REPORT

Distribution Tax Information Report provides a detailed breakdown of withdrawal and distributions during the specified reporting period as reported on Form 1099-R. It includes demographic data, distribution type and amount, Form 1099-R distribution code, federal and state tax withholdings, employee contributions, Roth contributions and insurance premiums, and the total taxable amount. Annuity settlement options are not included.

4.3.7 SUMMARY OF FEES AND COMPENSATION FOR YOUR PLAN

Summary of Fees and Compensation for Your Plan provides a summary of all the fees and compensation incurred by your plan during a reporting period. The summary will include the amounts reflected in the Investment Fee & Expense Disclosure and Direct Fees Paid from Plan Assets reports as well as other indirect compensation disclosures like float income.

4.3.8 INVESTMENT FEE & EXPENSE DISCLOSURE

Investment Fee & Expense Disclosure provides a list of your plan’s investments, the expense ratios for the investments and the plan services expenses associated with the investments based on the ending fund balances for a reporting period.

4.3.9 DIRECT FEES PAID FROM PLAN ASSETS

Direct Fees Paid from Plan Assets reports fees that were deducted directly from the plan. A plan’s fee structure and/or product offering will dictate which fees are applicable.

4.3.10 SERVICE PROVIDER SUMMARY

Service Provider Summary provides details about the service providers receiving the fee or compensation. This report expands on the Summary of Fees and Compensation for Your Plan report by listing the individual service providers, their Employee Identification Number (EIN) and address along with the amount and type of fee or compensation. This report will be useful in determining which, if any, service providers received compensation other than Eligible Indirect Compensation (EIC) and therefore may need to be listed on Part I, Line 2 of Schedule C.

4.4 SUPPLEMENTAL REPORTS TO SUPPORT FORM 5500 The Form 5500 and related schedules are required to be filed annually. Form 5500 reports, in part, the financial condition, investments and results of plan activities and is part of ERISA’s overall reporting and disclosure framework. Form 5500 also provides regulators with sufficient information to protect the rights and benefits of participants and beneficiaries in employee benefit plans. The Supplemental Reports to Support Form 5500 provide information to assist plan sponsors in the completion of Form 5500 and the related schedules. See Section Five, Appendix A, for a sample of the Supplemental Reports to Support Form 5500.

Supplemental Reports to Support Form 5500 include:

5500 Reportable – Schedule of Assets Held for Investment

5500 Reportable – Statement of Changes to Net Assets

Filing Summary for Schedule A (Insurance Information)

Filing Summary for Schedule C (Service Provider Information)

Filing Summary for Schedule D (DFE/Participating Plan Information)

Filing Summary for Schedule H (Financial Information)

Filing Summary for Schedule H, Line 4i (Schedule of Assets)

Filing Summary for Form 5500-SF (Short Form Annual Return/Report of Small Employee Benefit Plan)

4.4.1 5500 REPORTABLE - SCHEDULE OF ASSETS HELD FOR INVESTMENT

5500 Reportable - Schedule of Assets Held for Investment is the balance sheet and includes the investment price, unit balance, market value, and cost for each investment of the plan recordkept by TIAA-CREF as of the end date of the specified reporting period, identified by Form 5500 classification (i.e., pooled separate accounts, registered investment companies, self-directed accounts, etc.).

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This report provides a snapshot of all plan investments by Form 5500 classification that had either a beginning or ending market value or activity during the reporting period. The ending unit balance, market value, and cost for each investment equals the ending unit balance, market value, and cost for each investment on Schedule of Assets Held for Investment, Statement of Changes to Net Assets and Participant Detail Summary. Amounts should be adjusted for any investment balances and activity reported on the TIAA Traditional Annuity Defaulted Loan Collateral Participant Detail Report and all corresponding Filing Summaries. See Appendix D for detailed instructions.

4.4.2 5500 REPORTABLE - STATEMENT OF CHANGES TO NET ASSETS

5500 Reportable - Statement of Changes to Net Assets is the income statement and summarizes the investment activity and direct expenses associated with each investment of a plan record kept by TIAA-CREF for the specified reporting period, categorized by Form 5500 classification (i.e., pooled separate accounts, registered investment companies, self-directed accounts, etc.).

This report provides all reportable plan investments by Form 5500 classification that had either a beginning or ending market value or activity during the reporting period. Amounts should be adjusted for any investment balances and activity reported on the TIAA Traditional Annuity Defaulted Loan Collateral Participant Detail Report and all corresponding Filing Summaries. See Appendix D for detailed instructions.

4.4.3 FILING SUMMARY FOR SCHEDULE A (INSURANCE INFORMATION)

Filing Summary for Schedule A (Insurance Information) provides line-by-line entries necessary to complete Form 5500 Schedule A, if required. If multiple carriers or other funding vehicles not provided by, or recordkept by, TIAA-CREF are offered to the plan, additional information must be obtained from those carriers to consolidate and report all plan financial data from all vendors, carriers and accounts. Additionally, only those line items within this schedule for which TIAA-CREF has information available have been provided. The amount on Part II, Line 4 should be adjusted by the End-ing Balance reported on the TIAA Traditional Annuity Defaulted Loan Collateral Participant Detail Report.

4.4.4 FILING SUMMARY FOR SCHEDULE C (SERVICE PROVIDER INFORMATION)

Filing Summary for Schedule C (Service Provider Information) provides the line-by-line entries necessary to complete Form 5500 Schedule C, if required. Schedule C is completed for only those large plans that paid $5,000 or more to a single service provider. TIAA-CREF may be a service provider for this purpose.

Additionally, Schedule C must also be completed if the plan is a large plan and the plan’s accountant or enrolled actuary (for a defined benefit plan) was terminated during the plan year. If multiple vendors, carriers or other funding vehicles not provided by, or recordkept by, TIAA-CREF are offered to the plan, additional information must be obtained by those vendors or carriers to consolidate and report all plan financial data from all vendors, carriers and accounts. Additionally, only those line items within this schedule for which TIAA-CREF has information available have been provided.

4.4.5 FILING SUMMARY FOR SCHEDULE D (DFE/PARTICIPATING PLAN INFORMATION)

Filing Summary for Schedule D (Direct Filing Entity (DFE)/Participating Plan Information) provides the line-by-line entries necessary to complete Form 5500 Schedule D, if required. Schedule D is completed for those plans with investments in the Real Estate Account (REA). The REA is a pooled separate account of TIAA, an insurance company, and is a DFE for Form 5500 reporting purposes. TIAA, on behalf of the REA, will file a Form 5500 with the DOL, thereby permitting investing plans to reporting relief in the preparation of the Schedule H. If multiple vendors, carriers or other funding vehicles not provided by TIAA-CREF are offered to the plan, additional information must be obtained from those vendors or carriers to consolidate and report all plan financial information from all vendors, carriers and accounts.


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4.4.6 FILING SUMMARY FOR SCHEDULE H (FINANCIAL INFORMATION)

Filing Summary for Schedule H (Financial Information) provides line-by-line entries necessary to complete Form 5500 Schedule H, if required. Schedule H is completed for those plans having more than 100 plan participants on the first day of the reporting year (an exception may applicable for plans having between 80 and 120 participants on the first day of the reporting year). For plans with less than 100 plan participants, Schedule I should be completed. TIAA-CREF only tracks records for those participants who invest in TIAA, CREF, or other funds on TIAA-CREF’s recordkeeping platform. The participant counts requested by the Form 5500 should reflect all employees who are eligible to participate in the plan, regardless of whether or not the employees elect to contribute. If multiple vendors, carriers or other funding vehicles not provided by, or recordkept by, TIAA-CREF are offered to the plan, additional information must be obtained from those vendors or carriers to consolidate and report all plan financial data from all vendors, carriers and accounts. Additionally, only those line items within this schedule for which TIAA-CREF has information available have been provided. Amounts should be adjusted for any investment balances and activity reported on the TIAA Traditional Annuity Defaulted Loan Collateral Participant Detail Report and all corresponding Filing Summaries. See Appendix D for detailed instructions.

4.4.7 FILING SUMMARY FOR SCHEDULE H, LINE 4i (SCHEDULE OF ASSETS)

Filing Summary for Schedule H, Line 4i (Schedule of Assets) provides the line-by-line entries necessary to complete Form 5500 Schedule H, Part IV, Line 4i, if required. Schedule H is, as discussed above, generally completed for those plans having more than 100 plan participants. TIAA-CREF only tracks records for those participants who invest in TIAA, CREF, or other funds on TIAA-CREF’s recordkeeping platform. If multiple vendors, carriers or other funding vehicles not provided by, or recordkept by, TIAA-CREF are offered to the plan, additional information must be obtained from those vendors and carriers to consolidate and report all plan financial data from all vendors, carriers and accounts. Additionally, only those line items within this schedule for which TIAA-CREF has information available have been provided.

4.4.8 FILING SUMMARY FOR FORM 5500-SF (SHORT FORM ANNUAL RETURN/REPORT OF SMALL EMPLOYEE BENEFIT PLAN)

Filing Summary for Form 5500-SF (Short Form Annual Return/Report of Small Employee Benefit Plan) provides the line-by-line entries necessary to complete Form 5500-SF, if required. Form 5500-SF is completed for those plans having less than 100 plan participants and meeting other criteria (certain exceptions may apply). For plans with more than 100 plan participants, Schedule H should generally be completed. TIAA-CREF only tracks records for those participants who invest in TIAA, CREF, or other funds on TIAA-CREF’s recordkeeping platform. The participant counts required by the Form 5500 should reflect all employees who are eligible to participate in the plan, regardless of whether or not the employees elect to contribute. If multiple vendors, carriers or other funding vehicles not provided by, or recordkept by, TIAA-CREF are offered to the plan, additional information must be obtained from those vendors and carriers to consolidate and report all plan financial data information from all vendors, carriers and accounts. Additionally, only those line items within this schedule for which TIAA-CREF has information available have been provided. Amounts should be adjusted for any investment balances and activity reported on the TIAA Traditional Annuity Defaulted Loan Collateral Participant Detail Report and all corresponding Filing Summaries. See Appendix D for detailed instructions.


SECTION THREE. AUDIT GUIDE

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5.1 AUDITOR ACCESS TO THE WEBPlan administrators may now provide secure limited access to a plan’s financial reports on the TIAA-CREF Plan Sponsor website to plan auditors. Properly authorized, auditors are able to view and download year-end reports directly from the secure Plan Sponsor website. The auditor profile precludes review of other types of plan reporting or data. To begin the approval process, download and complete the Auditor Access Authorization/Change Form (http://www.tiaa-cref.org/ucm/groups/content/@ap_ucm_p_tcp/documents/document/tiaa01009427.pdf) and return to TIAA-CREF.

TIAA-CREF sends out reminders to plan sponsors in advance of the expiration of their auditors’ access to the site. Plan sponsors must complete a new authorization form to renew their auditors’ access if necessary.

Please complete the form using the following instructions:

SECTION 1: GENERAL INFORMATION

Check the appropriate box:

“I am a third-party auditor applying for online access to Plan Financial Reports. (Auditor and Primary Authorizer must sign Section 5.)”, or

“I am a Primary Authorizer of my institution and am deleting access to TIAA-CREF’s Plan Administrator Services for a Third Party Auditor. Please complete the application for the replacement user (if applicable) and indicate the user to be deleted in Section 4.”

SECTION 2: PLAN ACCESS

Indicate the plan(s) to which access is being requested.

SECTION 3: SECURITY QUESTION AND ANSWER

Have the plan auditor complete his or her security question and answer for TIAA-CREF for purposes of authentication when accessing secure information.

SECTION 4: DELETE AUDITORS

Complete this section to revoke a previously provided access from a plan’s list of Authorized Users. TIAA-CREF recommends that access be reviewed no less frequently than annually.

SECTION 5: SIGNATURES

The Auditor and Primary Authorizer must sign to complete authorization.

5.2 REQUESTS FOR ADDITIONAL INFORMATIONWe expect that most, if not all, of the information needed to meet the plan administrator’s ERISA reporting and disclosure requirements will be available on the secure Plan Sponsor website. To request additional information to support plan reporting responsibilities, contact your Institutional Liaison for more information. If served by the Administrator Telephone Center, contact a TIAA-CREF consultant at 888 842-7782.

5.3 Audit Support ToolkitTIAA-CREF has developed an Audit Support Toolkit to assist in the exchange of information and documents between TIAA-CREF, the plan sponsor and the independent qualified public accountant (IQPA). Within this Toolkit are frequently asked questions and audit support guidelines along with a template for use by the IQPA to request documentation of selected tests of transactions. Follow this link for more information:http://www.tiaa-cref.org/plansponsors/land/ audit_toolkit/index.html

CHAPTER 5

GENERAL AUDITOR GUIDANCE

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6.1 SAS 70, IN GENERALBecause a significant portion of an entity’s control environment may be outsourced to a service provider, a Statement on Auditing Standards 70 (SAS 70) report may be useful in providing user auditors with a sufficient understanding of controls at the service organization to assess the risks of material misstatement of a user organization’s financial statements. A SAS 70 provides a basis of reliance on the effective operation of plan controls which may reduce the nature, timing and extent of plan-level testing. Additionally, the SAS 70 provides an efficient means for a user to gain an understanding of relevant controls executed at the service organization.

6.2 TIAA’S SAS 70 REPORTSTIAA’s SAS 70 reports cover institutional recordkeeping operations for qualified and ERISA 403(b) plans that require an auditor’s opinion as part of their Form 5500 filing. The TIAA SAS 70 reports include control objectives along with the detailed control activities that are designed to meet those control objectives. The reports are intended to provide reasonable assurance that those control objectives are designed and operating effectively. The control objectives and control activities are defined and written by TIAA and audited by PricewaterhouseCoopers LLP (PwC), TIAA’s service auditor. PwC releases a 12-month SAS 70 every six months for the 12 months ended June 30 and December 31, which coincides with the plan year ends of the majority of benefit plans recordkept by TIAA-CREF. PwC issued unqualified opinions for the 12-month periods ended 12/31/2009 and 6/30/2010.

The 12/31/2010 SAS70 report should be available during the second quarter 2011 and will be posted on the TIAA-CREF Plan Sponsor website.

The TIAA SAS 70 reports cover:

New business and maintenance

Enrollments

Contributions

Participant account maintenance

Distributions

Investments – pricing, trading, and dividends

Plan reporting

Each operational area contains User Control Considerations that describe aspects of the user organizations’ control environment that may affect proper transactional processing. It is the responsibility of the plan administrator to assess the interaction of the controls identified in the SAS 70 with an individual plan’s internal controls.

Each SAS 70 report is confidential and its use is limited to the management of TIAA-CREF, its clients and the independent auditors of TIAA-CREF’s clients. Unauthorized use of the SAS 70 reports, in whole or in part, is strictly prohibited. The SAS 70 reports are available on the secure Plan Sponsor website in the Message Center.

CHAPTER 6

STATEMENT ON AUDITING STANDARDS NO. 70

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Helpful SAS 70 Definitions:

Service auditor – the firm auditing a service organization’s SAS 70 (PwC for TIAA)

Service organization – the issuer of the SAS 70 report (TIAA)

User auditor – the firm auditing the financial statements of the user organization (plan auditor)

User organization – the organization using the SAS 70 report (the plan)

6.3 A NEW STANDARD SSAE 16In April 2010, Statement on Standards for Attestation Engagements (SSAE) No. 16, Reporting on Controls at a Service Organization, was issued, replacing the SAS 70. TIAA will issue its first report under the new standard beginning with the June 30, 2011, report. The objectives of SSAE 16 are similar to those of the SAS 70. However, there are some important differences, including management’s assertion that controls were designed and operating effectively and the service auditor opinion on the suitability of the design of controls related to the control objectives throughout the entire period not just at period end as required by SAS 70. The American Institute of Certified Public Accountants (AICPA) website provides additional information.


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7.1 TIAA TRADITIONAL ANNUITY, TIAA STABLE VALUE AND TIAA STABLE RETURN ANNUITYThe TIAA Traditional Annuity, TIAA Stable Value and TIAA Stable Return Annuity are fixed-rate annuity contracts. Contributions to TIAA Traditional Annuity, TIAA Stable Value and TIAA Stable Return Annuity buy a contractual or guaranteed amount of future benefits for the investing participant. As guaranteed annuities backed by TIAA’s claims paying ability, the TIAA Traditional Annuity, TIAA Stable Value and TIAA Stable Return Annuity guarantee principal and a minimum interest rate, and the opportunity for additional amounts in excess of the guaranteed rate. With respect to the TIAA Traditional Annuity, these additional amounts, when declared by the TIAA Board of Trustees, remain in effect for the “declaration year.” The declaration year in the accumulation phase begins each March 1 and for pay-out annuities each January 1.

7.1.1 TIAA TRADITIONAL ANNUITY

The guaranteed annual interest rate is 3% for all premiums remitted since 1979 under all accumulating contracts with the exception of the Retirement Choice (RC) and Retirement Choice Plus (RCP) contracts. For the RC and RCP contracts, the guaranteed rate is between 1% and 3%. The Retirement Annuity (RA) contract does not allow lump-sum cash withdrawals and transfers must be spread over a period of 10 annual installments. With a Group Retirement Annuity (GRA) contract, lump-sum withdrawals are available only within 120 days after termination of employment and are subject to a surrender charge. All other withdrawals and transfers from the RA or GRA must be spread over a period of 10 annual installments (or five annual

installments for withdrawals after termination of employment). Participant withdrawals and transfers from the TIAA Traditional in RC contracts must be taken in 84 monthly installments, except that a lump sum distribution is available if permitted under the plan in the 120 day period following termination of employment with a surrender charge.

The TIAA Traditional Annuity within the Supplemental Retirement Annuity (SRA), Group Supplemental Retirement Annuity (GSRA), and RCP contracts, as well as holdings reported on the TIAA Traditional Annuity Defaulted Loan Collateral Participant Detail Report, contain no liquidity restrictions and are benefit responsive as contemplated by FASB ASC 962-325-35-5. The TIAA Traditional Annuity holdings within RA, GRA and RC contracts have liquidity restrictions and are non-benefit responsive. Distributions, withdrawals and transfers out of the RA and GRA contracts can only be made in 10 annual installments and distributions under the RC contracts can only be made in 84 monthly installments (this is commonly known as a Transfer Payout Annuity or TPA), except that under the GRA and RC contracts lump-sum payments are available for 120 days following termination of employment with a surrender charge. Distributions can also be made over a longer periods. All reports have been modified to report these two categories of the TIAA Traditional Annuity separately to facilitate financial reporting and disclosure.

For additional useful information related to the TIAA Traditional Annuity, please refer to the TIAA White Paper – Spring/Summer 2010. http://www.tiaa-cref.org /ucm/groups/content/@ap_ucm_p_tcp/documents/document/tiaa01011136.pdf

CHAPTER 7

REPORTING INFORMATION RELATED TO TIAA-CREF ANNUITIES AND INVESTMENTS




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7.1.2 TIAA STABLE RETURN ANNUITY

The guaranteed annual interest rate is between 1% and 3% as described in the contract. The rate is based on the five-year Constant Maturity Treasury Rate, less 1.25%, with opportunities to receive additional amounts of interest in excess of the guaranteed rate, if approved by the TIAA Board of Trustees. The TIAA Stable Return Annuity contract is benefit responsive as contemplated by FASB ASC 962-325-35-5 , and is plan controlled. A plan’s investment in the TIAA Stable Return Annuity is reported at contract value (which approximates fair value) in all plan and participant reporting.

7.1.3 TIAA STABLE VALUE

The contract provides a guaranteed minimum rate of interest of between 1% and 3% (before deductions for contract fees). TIAA Stable Value is immediately liquid to an investing participant for plan benefit withdrawals and transfers and does not have withdrawal restrictions (except that immediate transfers cannot be made to competing funds pursuant to the contract’s “equity wash” provisions). As such, TIAA Stable Value is a benefit-responsive contract. A plan’s investment in TIAA Stable Value is reported at contract value (which approximates fair value) in all plan and participant reporting.

7.1.4 REPORTING IN THE TIAA TRADITIONAL ANNUITY, TIAA STABLE VALUE AND TIAA STABLE RETURN ANNUITY ON THE FORM 5500

If a plan is a large plan that files Schedule H (Financial Information), accumulations in the TIAA Traditional Annuity, TIAA Stable Value and TIAA Stable Return Annuity are reported in Part I, line 1c(14) (Value of funds held in insurance company general account) and related investment activity is reported in Part II, line 2b(1)(F) (Other interest).

If a plan is a small plan that files Schedule I (Financial Information - Small Plan), accumulations in the TIAA Traditional Annuity, TIAA Stable Value and TIAA Stable Return Annuity are reported in Part I, line 1a (Total plan assets) and related investment activity is reported on line 2c (Other income).

If a plan is a small plan filing Form 5500-SF, accumu-lations in the TIAA Traditional Annuity, TIAA Stable Value and TIAA Stable Return Annuity are reported in Part III, line 7a (Total plan assets) and the related activity is reported on line 8b (Other income).

7.2 TIAA REAL ESTATE ACCOUNTThe TIAA Real Estate Account (REA) is a separate account of TIAA, an insurance company. To the extent that assets of a plan subject to ERISA are allocated to the REA, TIAA will be acting as an “investment manager” as that term is defined in section 3(38) of ERISA and will be a fiduciary under ERISA with respect to such assets.

7.2.1 REPORTING INVESTMENTS IN THE REA ON THE FORM 5500

For purposes of Form 5500, the REA is a pooled separate account. Plans investing in the REA at any time during the plan year must comply with the reporting instructions for plans investing in a direct filing entity (DFE). TIAA will, on behalf of the REA, file a Form 5500 with the Department of Labor. Doing so will provide an investing plan with limited reporting relief in preparing its own Form 5500. Specifically:

If a plan is a large plan that files Schedule H (Financial Information), investments in the REA are reported in Part I, line 1c(10) (Value of interest in pooled separate accounts) and related investment activity is reported in Part II, line 2b(7) (Net investment gain (loss) from pooled separate accounts).

If a plan is a small plan that files Schedule I (Financial Information – Small Plan), investments in the REA are reported in Part I, line 1a (Total plan assets) and line 2c (Other income).

If a plan is a small plan filing Form 5500-SF, investments in the REA are reported in Part III, line 7a (Total plan assets) and line 8d (Benefits paid).

Both large and small plans with investments in the REA must also file Schedule D (DEF/Participating Plan Information), Part I. Small plans filing a Form 5500-SF are exempt from this requirement.


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7.3 PLAN ASSET VALUATION7.3.1 FREQUENCY WITH WHICH TIAA-CREF VALUES PLAN ASSETS

Most plan assets that TIAA-CREF recordkeeps are valued on a daily basis. The daily value is applied to daily purchase and sale transactions. Additionally, the unit value is used to value plan investments on the last day of the reporting plan year. Interest on the TIAA Traditional Annuity, TIAA Stable Return Annuity and TIAA Stable Value is also calculated daily and posted monthly. TIAA Traditional Annuity, TIAA Stable Return Annuity and TIAA Stable Value are reported at contract value, which approximates fair value. Contract value is the relevant financial statements measurement in accordance with FASB ASC 962-325-35-5 for assets that are benefit responsive.

It is the plan sponsor’s responsibility to determine the market value of the plans assets based on an exit price as required by ASC 820 (formerly known as FAS 157). To assist you with determining the market value of the TIAA-CREF’s proprietary investment products, follow these links for our white paper outlining the methodology which you can use to support your conclusion that contract value approximates market value for the TIAA Traditional Annuity, TIAA Stable Return Annuity and TIAA Stable Value (http://www.tiaa-cref.org/ucm/groups/content/@ap_ucm_p_tcp/documents/document/tiaa01011136.pdf) as well as our ASC 820 document setting out each investment product’s valuation methodology and suggested input level (http://www.tiaa-cref.org/public/emsg/plan_admin/pdf/C45147.pdf).

7.3.2 ASC 820 (FORMERLY KNOWN AS FAS 157) – FAIR VALUE MEASUREMENT

The ASC 820-defined value is market-based and focuses on the price that would be received to sell the asset or paid to transfer the liability (an exit price), not the price that would be paid to acquire the asset or received to assume the liability (an entry price). Footnote disclosures are required and include:

1. Fair value measurements at the reporting date for each major category of assets or liabilities

2. Position within the fair value hierarchy each measurement falls

3. Valuation techniques used to measure fair value and a discussion of changes in valuation techniques, if any

4. Reconciliation of beginning and ending balances for Levels 2 and 3 measurements

ASC 820 implements a three-tier hierarchy for the measurement of fair value and is intended to apply to all entities, including employee benefit plans:

Level 1: quoted prices for identical assets or liabilities in active markets

Level 2: observable inputs for similar assets or liabilities in active markets, identical or similar assets in inactive markets, inputs other than quoted prices that are directly observable and inputs derived from observable market data by correlation or other means

Level 3: unobservable inputs for a reporting entity’s own assumptions with respect to the assumptions market participants would use, other entity-specific inputs that are not derived from market data, and unobservable inputs which are developed based on the best information available in the circumstances.

Review TIAA-CREF’s guidance on its investment offerings (http://www.tiaa-cref.org/ucm/groups/content/@ap_ucm_p_tcp/documents/document/tiaa04016223.pdf).




http://www.tiaa-cref.org/public/emsg/plan_admin/pdf/C45147.pdf

http://www.tiaa-cref.org/public/emsg/plan_admin/pdf/C45147.pdf




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7.4 PARTICIPANT LOANS VS. PLAN LOANSUnder ERISA, a plan is generally prohibited from lending money or extending credit to parties-in-interest. However, under certain conditions, a plan may meet an exemption thereby allowing the plan to permit loans to participants (participants are generally treated as parties-in-interest). To be exempt, one of the provisions is to require adequate security for the loan being granted.

Participant loans are reported in the loan fund and shown in the Schedule of Assets Held with related income and activity reported in the Statement of Changes to Net Assets. The loan interest rate for Participant Loans is fixed at the time of issuance and determined by the terms of the plan document (e.g., prime rate plus 1%). The loan repayments for Participant Loans are reinvested based on the participant’s investment elections in place at the time of repayment.

Please note, a “Participant Loan” is a type of plan loan and is called such to distinguish it from the other type of plan loan that is offered under the TIAA-CREF recordkeeping system. This other type of loan is referred to a “Plan Loan.”

Plan loans, on the other hand, are issued directly from funds owned by TIAA and not directly from a participant’s account. Adequate security is required and a portion of the participant’s account is reserved, or held in collateral, to cover 110% of the outstanding loan in case of default. The collateral is held in the TIAA Traditional Annuity as either part of a GSRA contract or as a separate Retirement Loan contract.

The loan interest rate for these plan loans may be fixed or variable and the initial rate is determined by the terms of the controlling contract as is the rate adjustment details and frequency. For loans having collateral held in a GSRA contract, principal repayments increase the amount of TIAA Traditional Annuity funds available for the participant’s use. For Retirement Loan contracts, principal repayments are transferred to the CREF Money Market investment option in the participant’s RA or GRA contract. For all plan loans, interest is paid directly to TIAA.

TIAA-CREF believes that both plan loans and participant loans meet the conditions of exemption.

7.5 PLAN CONFIRMATION INFORMATIONAuditors frequently request TIAA-CREF to confirm or affirm certain plan information. To this end, we offer the information listed here concerning ERISA plans maintained on the TIAA recordkeeping platform:

The Schedule of Assets Held for Investment posted to the secure Plan Sponsor website is complete and accurate;

All non-annuity investments are maintained in a custodial account or trust with JPMorgan Chase Bank, N.A., with the exception of certain assets associated with a brokerage window

There are no pledges, liens or other security interest against plan investments with the exception of plan loans or participant loans, if permitted under the terms of the plan;

There are no obligations in default, other than plan loans or participant loans, if any;

Plan records are recorded on the trade date basis (see FAQ 14 for an exception);

There are no securities in transit;

There are no securities lending activities;

The 5% Reportable Transaction report is not applicable and is, therefore, not provided;

Purchases and sales for all investments are identified in one or more of the following reports: Statement of Changes to Net Assets, Transaction History by Date Report and Transaction History by Fund Report;

Gains and losses on investments are calculated on the moving average cost basis; and

All fixed-rate annuity contracts are valued at contract value, which approximates fair value, and all other investments are priced at fair value in a process described in our SAS70 report.


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SECTION FOUR. FREQUENTLY ASKED QUESTIONS

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FINANCIAL STATEMENTS

1. Is an ERISA retirement plan required to prepare financial statements and have the financial statements audited?

2. Whose responsibility is it to prepare the plan’s financial statements?

3. Is there a prescribed format for the financial statements?

4. When is an audit of the financial statements required?

5. What support is TIAA-CREF providing for plan audits?

6. Is audit quality important?

7. What’s the difference between a limited scope audit and a full scope audit?

8. Does TIAA-CREF certify plan investments for purposes of the limited scope audit provisions of Department of Labor regulations (section 2520.103-8)?

9. Does the certification cover participant and plan loans?

10. Is ASC 820 a consideration in the preparation of a plan’s financial statements?

11. What are the available options if an audit is not finalized prior to the original due date or, if an extension was filed, extended due date?

12. When should employee contributions be remitted to a plan’s service provider?

13. What prohibited transactions result from an employer being delinquent in forwarding employee contributions to the plan?

14. Are the Schedule of Assets Held for Investment and the Statement of Changes to Net Assets reported on a trade date basis?

FORM 5500

15. How are separated participants counted? Who must be considered as plan participants and should Form 8895-SSA be filed with the Internal Revenue Service?

16. How is a plan’s investment in the TIAA Traditional Annuity, TIAA Stable Value and TIAA Stable Return Annuity reported for purposes of the Form 5500 and the plan’s financial statements?

17. How is a plan’s investment in the TIAA Real Estate Account reported for purposes of the Form 5500 and the plan’s financial statements?

18. How is a plan’s investment in the CREF Account reported for purposes of the Form 5500 and the plan’s financial statements?

19. When are the Form 5500 and Form 8955-SSA due?

20. Is an extension of time to file Form 5500 and/or Form 8955-SSA available?

21. Is there a continuing requirement to file Form 5500 or Form 8955-SSA for a terminated or frozen plan?

22. What is a short plan year and why is a proper determination important?

23. Does TIAA-CREF prepare Form 5500? Does this service include Form 8955-SSA?

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24. Are breakdowns of the interest and dividends credited to each TIAA and CREF variable annuity account provided?

25. Do the CREF Accounts hold the plan’s investment assets and execute investment transactions on behalf of the investing plan?

26. Is a breakdown of the plan administrative expenses charged against the assets of the CREF Accounts and the TIAA Real Estate Account necessary?

27. How are TIAA Real Estate Account and CREF Accounts valued?

28. Does TIAA-CREF issue a certification for purposes of the limited scope audit permitted under Department of Labor regulations 2520.103-8? What’s covered by the certification?

29. Based on the requirements to file Form 5500, our 403(b) plan may have been required to file in previous reporting years. What action should be taken now to address this situation?

30. What are ERISA’s bonding requirements?

TRANSACTIONS

31. What is an in-service distribution?

32. How are loan defaults (payments are not made as required under the loan agreement) handled for reporting purposes?

33. Where can I find more supporting information for frequently made account transactions?

GENERAL

34. Is the accrual basis of accounting used with regard to interest, income, and dividends?

35. Can TIAA-CREF supply reconciliations between the custodial system and the recordkeeping system?

36. Why is the full Social Security number not displayed on the plan year-end reports?

37. What is TIAA-CREF’s cut-off date for including transactions for the reporting year?

GOVERNANCE AND INTERNAL CONTROLS

38. Does TIAA-CREF provide plan administrators with a SAS 70 report?

39. Who are the subservice providers identified in the SAS 70 report, what is their role, and what effect will this have on a plan audit?

40. What is meant by a “controls environment” and why should a plan have one?

41. Who is responsible for general governance and oversight in an ERISA plan?

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FINANCIAL STATEMENTS

1. Is an ERISA retirement plan required to prepare financial statements and have the financial statements audited?

It is important to view the plan as a reporting entity separate and distinct from its plan sponsor. The plan is the entity that holds plan assets to fund the retirement benefits described in the plan document. Various vehicles, such as annuity contracts, custodial accounts, and trusts, may fund the plan.

In general, all retirement plans subject to Title I of ERISA (qualified plans such as 401(a) and 401(k) plans and ERISA 403(b) plans) are required to prepare financial statements in conformity with generally accepted accounting principles (GAAP). The financial statements are audited by an independent qualified public accountant (IQPA) in accordance with generally accepted auditing standards. Small plans (generally, those with less than 100 participants on the first day of the plan year) may be eligible for an audit waiver (see Section 2.3 or www.dol.gov/ebsa for additional information on the small plan audit waiver).

Reportable assets represent all assets associated with the plan. Historically, ERISA 403(b) plans may have been considered an arrangement between a vendor and an individual participant. Regulatory guidance from both the Internal Revenue Service and the Department of Labor has clarified that these arrangements are now considered part of a formalized plan subject to ERISA. Accordingly, associated assets are “plan assets” subject to a written plan document meeting the requirement of the Internal Revenue Code and the reporting and disclosure requirements of ERISA.

The financial statements consist of the Statements of Net Assets Available for Benefits, the Statement of Changes in Net Assets Available for Benefits, the footnotes, and supplemental schedules. At a minimum, one supplemental schedule, Schedule of Assets (Held at End of Year) is required. Others may be required if certain types of transactions occurred during the plan year covered by the financial statements. The IQPA’s opinion will extend to all components of the financial statements.

The plan’s reportable activity includes all plan-level activity for the reporting period such as contributions (employer, employee, before-tax, after-tax, rollovers, etc.); distributions (lump-sum payments, installment payments, annuity payments, rollovers, etc.); and investment activity (transfers between permitted investment options, interest, dividends, gains and losses, etc.). The year-end reports provided by TIAA-CREF and other vendors, if any, can be combined to serve as the beginning point for the preparation of the plan’s financial statements. If the plan has multiple vendors, the transfers between vendors must be eliminated to arrive at consolidated financial statements.

The plan’s Statements of Net Assets Available for Benefits (the balance sheets) will include plan assets reported by all plan vendors. ERISA requires that the Statement of Net Assets Available for Benefit be provided in a comparative format (the prior year and current year). The Statement of Changes in Net Assets Available for Benefits is not required to be provided in a comparative format.

2. Whose responsibility is it to prepare the plan’s financial statements?

It is the plan administrator’s responsibility to prepare the plan’s financial statements. The financial statements should be prepared in conformity with generally accepted accounting principles. The plan sponsor may outsource the preparation of the financial statements. However, the plan sponsor must understand the preparation process to satisfy certain audit risk assessment standards. Acceptable formats for the financial statements are provided in the American Institute of Certified Public Accountant’s Employee Benefit Plans Audit & Accounting Guide (the Audit Guide). The Audit Guide is available for purchase from the American Institute of Certified Public Accountants (www.aicpa.org).

3. Is there a prescribed format for the financial statements?

There is no prescribed format for the Statements of Net Assets Available for Benefits and the Statement of Changes in Net Assets Available for Benefits. The format shown in Appendix D is one of several provided in the Audit Guide.

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4. When is an audit of the financial statements required?

All funded ERISA plans are subject to audit. Small plans (generally, those with less than 100 participants on the first day of the plan year) may be eligible for an audit waiver (see Section 2.3 or www.dol.gov/ebsa for additional information on the small plan audit waiver). Large plans (generally, those with 100 or more total participants on the first day of the plan year) are required to be audited.

5. What support is TIAA-CREF providing for plan audits?

TIAA-CREF provides an Audit Support Toolkit on the Plan Sponsor website. Please visit http://www.tiaa-cref.org/plansponsors/land/audit_toolkit/index.html for more information on audit support services provided by TIAA-CREF.

6. Is audit quality important?

Audit quality is important because of the potential assessment of a civil penalty of up to $50,000 by the Department of Labor for an audit that it rejects as being substandard. The assessment is made against the plan administrator.

7. What’s the difference between a limited scope audit and a full scope audit?

In a limited scope audit, the plan administrator may instruct the IQPA not to perform any audit work with respect to investment information certified by a bank or similar institution or by an insurance carrier that is regulated, supervised and subject to periodic examination by a state or federal agency. The certification must extend to both the accuracy and completeness of the investment information. If this certification is not available, a full scope audit must be conducted and will be inclusive of investment information. TIAA-CREF will certify for TIAA and CREF investment products and on behalf of JPMorgan Chase Bank, N.A. (JPMC) as either the directed custodian or directed trustee for other investment products recordkept by TIAA-CREF (certain exceptions may apply).

8. Does TIAA-CREF certify plan investments for purposes of the limited scope audit provisions of Department of Labor regulations (section 2520.103-8)?

TIAA-CREF will certify for TIAA and CREF investment products and on behalf of JPMC as either the directed custodian or directed trustee for investment products recordkept by TIAA-CREF (certain exceptions may apply). (http://tiaapublishing.ops.tiaa-cref.org/pmsa/Documents/Audit_Support/05_JPMC%20SAS%2070/JPMC%20ERISA%20Plan%20Letter%20May%202010.pdf)

9. Does the certification cover participant and plan loans?

Participant loans are aggregated and appear in the Schedule of Net Assets Held for Investment as the Participant Loan Fund. Loan payments are made to the plan and income on participant loans appears in the Statement of Changes to Net Assets. Both the Schedule of Net Assets Held for Investment and the Statement of Changes in Net Assets are covered by the certification.

Since plan loans are not assets of the plan and are not included in the Schedule of Net Assets Held for Investment and the Statement of Changes in Net Assets, they are not covered by the certification provided. However, the collateral for the plan loans is held in the borrowing participants’ TIAA Traditional Annuity balances which are covered by the certification. See Section 7.4 for additional information on the difference between plan loans and participant loans..

10. Is ASC 820 a consideration in the preparation of a plan’s financial statements?

Financial statements prepared in conformity with generally accepted accounting principles will present investments at fair value as defined in ASC 820. TIAA-CREF will report investment information at fair market based on processes described in the SAS 70.

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11. What are the available options if an audit is not finalized prior to either the original due date or, if an extension was filed, the extended due date?

The first course of action is to consult with the plan’s ERISA counsel to develop a compliance strategy. A consideration for 403(b) plans will be the determination of the application of ERISA. Only retirement plans subject to ERISA are required to file Form 5500. However, if a plan is subject to ERISA and has not filed a Form 5500, the plan administrator may be subject to civil penalties for failing to file Form 5500 in current and prior reporting periods.

To promote compliance with ERISA’s annual reporting requirements, the Department of Labor sponsors the Delinquent Filer Voluntary Compliance Program (DFVCP) to encourage voluntary compliance through the reduction of civil penalties. Penalties imposed by the Department of Labor for plan administrators using the DFVCP are reduced and the amount dependent upon several factors. However, the penalty is limited to $1,500 for a small plan and $4,000 for a large plan for all delinquent filings of the same plan assuming all delinquent filings are included in the same DFVCP submission. Follow this link for the Department of Labor’s Fact Sheet on the DFVCP. www.dol.gov/ebsa/newsroom/0302fact_sheet.html

12. When should employee contributions be remitted to the plan’s service provider?

Large plans: The Department of Labor’s regulation requires employers of all sizes to transmit employee contributions as soon as they can be segregated (the general rule), but in no case later than the 15th business day of the month immediately following the month in which the contribution is either withheld or received by the employer. The 15th business day of the month following the month in which employee contributions are withheld should not be considered a safe harbor for large plans. Once-a-month remittances are appropriate if the only payroll cycle frequency is monthly. If, as part of the plan’s annual audit, the plan’s independent qualified public accountant determines that employee contributions have not been remitted within the appropriate time frame, the plan administrator may be asked to prepare a supplemental schedule for inclusion in the plan’s financial statements disclosing such late remittances. This supplemental schedule will be covered by the audit opinion.

Small plans: The Department of Labor issued a final regulation in January 2010 which provides a seven business day safe harbor period for small plans. Small plans now have an optional safe harbor period in which they can meet the general rule. If employee contributions are remitted on or before the safe harbor date, the general rule is deemed to have been met. Small plans don’t have to determine the earliest date on which employee contributions can reasonably be segregated if employee contributions are remitted within the safe harbor period. Follow this link to the Department of Labor’s News Release. www.dol.gov/ebsa/newsroom/fsecp.html

If the plan has late remittances of employee contributions, line 4a of Schedule H or I, as applicable, or line 10 of Form 5500-SF should be marked in the affirmative and the aggregate amount of late remittances should be entered. Under certain circumstances, Schedule G (Financial Schedules) may need to be attached to Form 5500 for a large plan to report late remittances (see following question).

13. What prohibited transactions result from an employer being delinquent in forwarding employee contributions to the plan?

Included below is an excerpt from the Department of Labor’s Frequently Asked Questions About Reporting Delinquent Participant Contributions: www.dol.gov/ebsa/faqs/faq_compliance_5500.html

“With respect to the prohibited transaction provisions of ERISA section 406, the employer of employees covered by the plan is a party in interest with respect to the plan under ERISA section 3(14)(C). The failure to segregate and forward participant contributions to a plan from the general assets of the employer in the time frames prescribed by 29 CFR § 2510.3-102 would result in a prohibited use of plan assets in violation of section 406(a)(1)(D) of ERISA. Similarly, because an employer who retains plan assets commingled with its general assets would be a fiduciary with respect to those assets pursuant to ERISA section 3(21)(A)(i), any actions taken by the employer with respect to the participant contributions that become plan assets, other than the actual contribution of such assets to the employee benefit plan’s trust or the actual payment of welfare benefits for employees, would be a violation of ERISA section 406(b)(1) and (2).

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“Although the failure to forward participant contributions in a timely fashion would not, in itself, constitute an extension of credit between the plan and the employer in violation of section 406(a)(1)(B), depending on the particular facts and circumstances, a separate arrangement, agreement or understanding to extend credit to pay the delinquent amounts to the plan could occur that would give rise to a violation of section 406(a)(1)(B). Such arrangement, agreement or understanding could be express or implied. For example, a fiduciary’s consistent failure to exercise diligence in its collection efforts regarding participant contributions may serve as the basis to assert that an implied understanding existed to extend credit between the fiduciary and the employer.”

14. Are the Schedule of Assets Held for Investment and the Statement of Changes to Net Assets reported on a trade date basis?

Generally, yes. When the last day of the plan year falls on a weekend or holiday, the Ending Investment Price as shown in the Schedule of Assets Held for Investment includes an interest accrual for fixed annuity contracts until the last day of the month (trade date basis). The Ending Market Value as shown in the Schedule of Asses Held for Investment is calculated using a run date basis investment price as of the last business day of the month.

FORM 5500

15. How are separated participants counted? Who must be considered as plan participants and should Form 8955-SSA be filed with the Internal Revenue Service?

There is no specific guidance from the Department of Labor on this, so each plan administrator must decide individually how to handle participants who have separated from service. Generally, the participant determination is relatively clear-cut. If the reporting plan continues to hold assets to fund the benefits to be paid to a separated participant, the participant should be considered a plan participant for purposes of Form 5500. However, in the case of separated participants invested exclusively in individually controlled TIAA and/or CREF annuity contracts, the question of whom to include in a plan filing becomes a little more complicated.

Under the TIAA and CREF contracts, many rights are vested with the individual participant. Unlike plans that are funded through a trust or custodial accounts, individual participants in plans funded with TIAA and CREF annuity contracts already own their own annuity contracts with certain exceptions. This is generally true even for participants covered under group annuity contracts as the participants own their own individual certificates under these contracts. Accumulations in the RC and RCP contracts cannot be handled in this manner because they are not controlled by the individual participant.

After a participant separates from service, the employer generally has no obligation to make further contributions and will not control when the participant receives distributions except in limited circumstances permitted by the plan document. Where, however, the separated participant exercises his or her own rights under the terms of the TIAA or CREF annuity contracts, and has no other accounts under the plan that he or she does not control, the separated participant is in the same situation as if he or she had received an in-kind distribution of an annuity contract from a trusteed pension plan. Since this is the case, a number of employers take the position that a separated participant who owns only individually controlled annuities is no longer a plan participant. Since there is no guidance from the Department of Labor to the contrary on this point, TIAA-CREF believes that excluding separated participants is an acceptable approach. Note, however, that if the separated participant has account balances in mutual or other funds under a trust or custodial account or investments in the TIAA Traditional RC or RCP contract the employer cannot take this position and must treat the separated participant as a plan participant.

The instructions to the 2010 Form 5500 indicates that the “other retired or separated participants entitled to future benefits” category does not include any individual to whom an insurance company has made an irrevocable commitment to pay all the benefits to which the individual is entitled under the plan. This method of counting participants may not be appropriate under generally accepted accounting principles (GAAP) for the preparation of a plan’s financial statements. The IQPA can provide additional assistance in assessing GAAP’s applicability.

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The alternative approach is to treat terminated participants as plan participants until annuity benefits begin. This approach is equally acceptable. So long as a separated participant continues to have funds in an annuity contract(s), the participant would be considered a plan participant. Only his or her employment status has changed; plan benefits remain unchanged.

While either approach for handling separated participants may be adopted by a plan administrator, all separated participants must be treated consistently. After a participant has converted his or her account balances to an immediate annuity, the participant is no longer considered a plan participant. If a participant annuitizes his or her account balance, it is accounted for as an annuity settlement option, a type of plan distribution.

If separated participants as treated as participants for purposes of the Form 5500:

Their account balances in the TIAA Traditional Annuity, TIAA Stable Value, TIAA Stable Return Annuity, CREF Accounts, TIAA Real Estate Account and any other custodial or trusteed investment options should be reported as assets of the plan; and

Form 8955-SSA completed and filed with the Internal Revenue Service to report separated participants with deferred vested benefits. See Section 2.2.3 for additional information.

In addition to treating all separated participants equitably, a consistent approach should be taken from year to year. If a change in reporting methodology is made, documentation of such change should be maintained in the plan’s permanent records as well as included as an explanatory statement to be associated with the Form 8955-SSA in the year of change.

For ERISA 403(b) plans only:

On July 20, 2009, the Department of Labor issued Field Assistance Bulletin (FAB) 2009-02 and subsequently supplemented it with FAB 2010-01. The FABs provide that for Form 5500 reporting, 403(b) plans subject to ERISA need not treat annuity contracts and custodial accounts as part of the plan provided:

The contract or account was issued to a current or former employee before January 1, 2009

The employer ceased to have any obligation to make contributions (including employee salary reduction contributions) and in fact ceased making contributions to the contract or account before January 1, 2009

All of the rights and benefits under the contract or account are legally enforceable against the insurer or custodian by the individual owner of the contract or account without any involvement of the employer

The individual owner of the contract or account is fully vested in the contract or account

Participants who are excluded under FAB 2009-02 may continue to be excluded from the Form 5500 or Form 5500-SF in subsequent years unless an excluded contract or custodial account is exchanged for a contract available under the employer’s 403(b) plan. The new contract or custodial account should be reported in the financial information on Form 5500 or Form 5500-SF and the associated participant counted for purposes of the participant counts. For purposes of a plan’s financial statements, treatment of an exchange transaction will be dependent upon the reporting methodology originally afforded the contract or account being exchanged.

You can find a copy of FAB 2009-02 at http://www.dol.gov./ebsa/regs/fab2009-2.html.

You can find a copy of FAB 2010-01 at http://www.dol.gov/ebsa/regs/fab2010-1.html.

TIAA-CREF cannot and does not offer accounting or legal advice. We recommend that the plan consult with its own auditor and legal counsel concerning the application of and relief granted by the Department of Labor under FAB 2009-02 and FAB 2010-01.

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16. How is a plan’s investment in the TIAA Traditional Annuity, TIAA Stable Value and TIAA Stable Return Annuity contracts reported for purposes of the Form 5500 and the plan’s financial statements?

TIAA is an insurance company and offers various types of contracts for investment by retirement plans subject to ERISA. The TIAA Traditional Annuity and TIAA Stable Return Annuity contracts are considered General Account contracts because the returns and guarantees under the contracts are backed by TIAA’s General Account, an account that holds many of TIAA’s general investments (as distinguished from investments held in specific-purpose accounts, known as separate accounts). TIAA Stable Value is a fixed annuity and is similar to TIAA Traditional Annuity and TIAA Stable Return Annuity and reported as an Insurance Company General Account. However, the returns and guarantees under the contracts are backed by the assets held in a non-unitized separate account of TIAA. In the event that the assets in the separate account are insufficient to support the guarantees provided for under the contracts, the TIAA General Account is obligated to support the deficiency.

Based on the Department of Labor’s Advisory Opinion 2010-01A, these contracts are to be classified as unallocated contracts for purposes of ERISA. If a plan uses these contracts at any time during the reporting plan year, they should be reported on a plan’s Form 5500 series return. See Section 7.1.4 for specific information. Classification in the investing plan’s financial statements should be discussed with the IQPA.

17. How is a plan’s investment in the TIAA Real Estate Account (REA) reported for purposes of the Form 5500 and the plan’s financial statements?

If plan assets include an investment in the REA at any time during the reporting year, disclosure of such investment must meet certain requirements. For purposes of reporting on Form 5500, the REA is a pooled separate account of TIAA, an insurance company, and is reported as an investment in a direct filing entity (DFE). Designation as a DFE combined with the filing of its own Form 5500 provides the investing plan with reporting relief with respect to the REA. If the REA did not file its own Form 5500, each investing plan would disclose its pro-rata share of the REA’s underlying investments as plan assets.

Both large and small plans with investments in the REA must also complete Schedule D (DFE/Participating Plan Information), Part I, and include it with its Form 5500.

For presentation in the financial statements, a plan’s investment in the REA and the related investment experience will be dependent upon the format utilized. Generally, a plan’s investment in the REA is either listed as an individual investment in the Statements of Net Assets Available for Benefits or, if the investments are listed as an aggregate amount, the investment detail will be provided in the footnotes. The investment experience disclosed in the Statement of Changes in Net Assets Available for Benefits is generally combined with investment experience of other plan investments into the categories of interest, dividends and net appreciation.

18. How is a plan’s investment in the CREF Accounts reported for purposes of the Form 5500 and the plan’s financial statements?

CREF is a registered investment company as well as an insurance company. Investments in any of the CREF Accounts are classified as investments in registered investment companies for purposes of the plan’s financial statements and Form 5500. See the CREF Accounts financial statements for additional information.

For presentation in the financial statements, a plan’s investment in the CREF Accounts and the related investment experience will be dependent upon the format utilized. Generally, a plan’s investment in the CREF Accounts is either listed as an individual investment in the Statements of Net Assets Available for Benefits or, if the investments are listed as an aggregate amount, the investment detail will be provided in the footnotes. The investment experience disclosed in the Statement of Changes in Net Assets Available for Benefits is generally combined with investment experience of other plan investments into the categories of interest, dividends and net appreciation.

19. When is the Form 5500 and Form 8955-SSA due?

A plan’s Form 5500 and Form 8955-SSA, if required, is due at the end of the seventh month following the plan year-end. For example, if a plan year end is December 31, 2xx0, the Form 5500 and Form 8955-SSA, if required, is due seven months later, or July 31, 2xx1. An extension of

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time to file the Form 5500 and Form 8955-SSA may be requested (See Section 2.2.5, When to File Form 5500 for the Form 5500 Filing Calendar by Plan Year).

20. Is an extension of time to file Form 5500 and Form 8955-SSA available?

Yes. A Form 5558, Application for Extension of Time To File Certain Employee Plan Returns, must be filed on or before the original due date (not including any extensions) with the Internal Revenue Service. Filing a Form 5558 will provide the plan with up to an additional 2½ months to file Form 5500 and Form 8955-SSA, if required. For example, if a plan year end is June 30, 2010, and a Form 5558 is filed on or before January 31, 2011, requesting the maximum extension period, the plan’s extended due date for filing the Form 5500 and Form 8955-SSA, if required, becomes April 15, 2011. If the plan’s reporting year is the same as the plan sponsor’s tax year and the plan sponsor requested an extension of time to file its tax return, the plan may rely on the plan sponsor’s Form 8868 (Application for Extension of Time To File an Exempt Organization Return) or similar extension (see Section 2.2.4).

21. Is there a continuing requirement to file Form 5500 or Form 8955-SSA for a terminated or frozen plan?

ERISA requires that a retirement plan file a Form 5500 as long as it has assets to report and Form 8955-SSA if separated participants have deferred benefits to be reported for the reporting plan year. Therefore, until all plan assets have been distributed or deemed distributed, a Form 5500 filing should occur. Once plan assets reach zero, a short plan year may be created with the Form 5500 due at the end of the seventh month following total liquidation of the plan’s assets. See FAQ 22 for more information on short plan years.

A plan is generally terminated when the plan sponsor takes official action as evidenced by a resolution or similar documentation with the consequence of the termination being the cessation of contributions and the distribution of plan assets. The document should be properly executed and notarized and then filed with the plan’s permanent records. Participants should be notified of the official action.

A plan is generally considered “frozen” when eligibility to participate in the plan is not longer available to new employees of the plan sponsor, employer and employee contributions are no longer made or permitted, or both. The plan has a continuing requirement to file Form 5500 until plan assets are distributed or deemed distributed and Form 8955-SSA for separated participants with deferred benefits.

22. What is a short plan year and why is a proper determination important?

A short plan year is a reporting year of less than twelve months. A short plan year is generally created when (i) the plan is initially adopted or terminated, (ii) plan assets are distributed or deemed distributed, or (iii) the plan year changes. In each of the following situations, the plan document will define the plan year:

(a) The plan may be adopted at any point in time. If the effective date of the adoption is different than the first day of the plan year as defined in the plan document, the plan will have a short, initial plan year. For example, assume Plan A is adopted timely with an effective date of July 1, 2xx0, with the plan year being defined as the calendar year. Plan A’s initial plan year is a short plan year of July 1 - December 31, 2xx0. The second plan year will be a full plan year of January 1 - December 31, 2xx1, assuming no other changes to the definition of the plan year and the plan will follow the standard due dates for its Form 5500.

(b) The plan may be terminated at any point in time. The plan has a reporting obligation until it distributes all plan assets or deems that all plan assets have been distributed at which time a short plan year may be created. For example, assume that Plan B’s plan year is defined as the calendar year. Plan B is properly terminated with an effective date of March 31, 2xx0. However, Plan B cannot make a complete distribution of plan assets until January 15, 2xx1. In this case, Plan B has a full plan year reporting obligation for 2xx0 with the Form 5500 having the standard due dates and a short plan year reporting obligation for 2xx1 (January 1 - January 15, 2xx1). The Form 5500 for the short 2xx1 plan year is due at the end of the seventh month following the end of the short plan year, or August 31, 2xx1.

SECTION 4

50

(c) The plan may be amended to change the plan year. In doing so, a short plan year is created. Assume Plan C has a calendar year as its plan year and that the plan is timely amended to change the plan year to a June 30 year end, effective on June 30, 2xx1. Plan C will file its Form 5500 as a calendar year plan for 2xx0 with the standard due dates. Then a short plan year of January 1 - June 30, 2xx1, is created and a Form 5500 will be due at the end of the seventh month following the end of the short plan year, or January 31, 2xx2.

23. Does TIAA-CREF prepare Form 5500? Does this service include Form 8955-SSA?

Beginning with the 2009 plan year, TIAA-CREF provides an optional Form 5500 preparation service, including preparation of Form 8955-SSA and summary annual report (SAR). The service is provided in collaboration with Deloitte Tax LLP.

24. Are breakdowns of the interest and dividends credited to each TIAA and CREF variable annuity account provided?

No. The CREF Accounts and the TIAA Real Estate Account are investment options in a variable annuity held pursuant to the terms of an ERISA retirement plan. Variable annuities, unlike mutual funds sold directly to the public, including retirement plans, are not required to distribute dividends and capital gains on an annual basis. Nor are the investment returns of a variable annuity subject to federal income taxes on an annual basis as is generally the case for mutual funds.

Premium contributions to a variable annuity purchase additional units and the value of the variable annuity is calculated daily (the process is described in the SAS 70). The changes in unit values reflect the gains, losses, dividends, and interest received by the underlying assets of the individual variable annuity.

For purposes of the plan’s financial statements and Form 5500 reporting, a pro-rata portion of the investment experience of the underlying assets of the variable annuity is the plan’s unrealized appreciation or depreciation of its investment in the variable annuity(ies). For the plan’s financial statements and Schedule H or Schedule I and

Form 5500-SF reporting purposes, these assets are the CREF Account units and TIAA Real Estate Account units, not the underlying assets of the CREF Accounts or TIAA Real Estate Account.

25. Do the CREF Accounts hold the plan’s investment assets and execute investment transactions on behalf of the investing plan?

No. The underlying assets of the CREF Accounts are not plan assets. CREF is an investment company under the Investment Company Act of 1940. Under ERISA section 401(b)(1), the underlying assets of an investment company are not plan assets although the securities issued by such investment companies are plan assets. As a result, units in the CREF Accounts are plan assets, but the underlying assets are not. It is the value of the plan’s holdings in the CREF Accounts that must be reported on in the plan’s financial statements and Schedule H or Schedule I or Form 5500-SF, and not the value of the assets underlying the CREF Accounts.

26. Is a breakdown of the plan administrative expenses charged against the assets of the CREF Accounts and the TIAA Real Estate Account necessary?

Direct plan administrative expenses and fees for large plans are reported in the plan’s financial statements and on line 2i of Schedule H. Since there are no direct fees or expenses incurred or paid by the plan to the CREF Accounts or the TIAA Real Estate Account, there are no direct expenses or fees to report. The expense deductions for the CREF Accounts and TIAA Real Estate Account, as reported in their respective prospectuses, are factors in determining the unit values of the respective Accounts. However, because these expenses are not paid directly by the plan, they are not the type of plan expenses that must be reported in the plan’s financial statements or on Schedule H. However, they may be reportable on Schedule C as an indirect expense of the plan. See the Service & Fee Disclosure Guide for more information.

SECTION 4

51

27. How are TIAA Real Estate Account and CREF Accounts valued?

The TIAA Real Estate Account and CREF Accounts are valued each business day. The valuation process is described in the SAS 70 reports.

28. Does TIAA-CREF issue a certification for purposes of the limited scope audit permitted under Department of Labor regulations 2520.103-8? What’s covered by the certification?

Yes, TIAA-CREF will so certify. ERISA provides that the opinion of a plan’s independent qualified public accountant need not extend to any statements certified as complete and accurate by a bank, trust company or similar institution, or by an insurance carrier that is regulated and subject to periodic examination by a state or federal agency. Both TIAA and CREF, as insurance carriers, qualify for the exemption. Additionally, TIAA-CREF has been authorized by JPMorgan Chase Bank, N.A. (JPMC) to certify for plan assets for which JPMC is the directed custodian and/or trustee.

29. Based on the requirements to file Form 5500, our 403(b) plan may have been required to file in previous reporting years. What action should be taken now to address this situation?

The first course of action is to consult with the plan’s ERISA counsel to develop a compliance strategy. A consideration for 403(b) plans will be the determination of the application of ERISA. Only retirement plans subject to ERISA are required to file Form 5500. However, if a plan is subject to ERISA and has not filed a Form 5500, the plan administrator may be subject to civil penalties for failing to file Form 5500 in current and prior reporting periods.

To promote compliance with ERISA’s annual reporting requirements, the Department of Labor sponsors the Delinquent Filer Voluntary Compliance Program (DFVCP) to encourage voluntary compliance through the reduction of civil penalties. Penalties imposed by the Department of Labor for plan administrators using the DFVCP are reduced and the amount dependent upon several factors.

However, the penalty is limited to $1,500 for a small plan and $4,000 for a large plan for all delinquent filings of the same plan assuming all delinquent filings are included in the same DFVCP submission.

30. What are ERISA’s bonding requirements?

ERISA generally requires anyone who “handles” plan assets to be bonded. Plan administrators of plans funded solely with individually-owned TIAA or CREF annuity contracts or certificates may elect not to be bonded. In that case, the plan administrator is taking the position that plan funds are not “handled” since contributions do not become plan assets until such time as they are contributed to the annuities and once the funds are in the annuities the plan sponsor’s employees do not have any control over the funds. This position assumes that plan contributions are remitted in a timely fashion since delayed remittances may place plan officials in a position of “handling” funds. The exemptive position from ERISA’s bonding requirements related to individually-owned TIAA or CREF annuities does not apply when a plan is funded, in whole or in part, with mutual funds or institutionally-owned annuity contracts, such at as TIAA’s Retirement Choice Annuities. Regardless of whether the plan offers individually or institutionally owned TIAA or CREF annuities or mutual funds, TIAA-CREF recommends that every plan subject to ERISA secure a fidelity bond. This recommendation is based upon the perspective that the risk of not securing a fidelity bond outweighs the relatively small expense of obtaining one.

The amount of the fidelity bond is fixed at the beginning of the plan year. The coverage amount should not be less than 10% of the funds handled or $1,000, or more than $500,000.

SECTION 4

52

TRANSACTIONS

31. What is an in-service distribution?

ERISA imposes rules concerning the timing of a participant’s access to his or her account. Distributions generally are limited to death, disability, or separation from employment. However, some plans may permit an active participant to gain access to his or her account under certain conditions. These permitted distributions are called in-service withdrawals. Some of these conditions associated with in-service withdrawals are related to sources of contributions (e.g., employer discretionary contributions, employer after-tax contributions) while others are limited to an occurrence (e.g., passage of a fixed number of years, attainment of a stated age).

32. How are loan defaults (payments are not made as required under the loan agreement) handled for reporting purposes?

In general, the loan default is treated as a taxable event if payment is not received by the end of the calendar quarter following the calendar quarter in which the required loan payment was due. The default amount (outstanding loan balance including accrued interest) is reported on Form 1099-R for the calendar year in which the default occurred. TIAA-CREF issues Form 1099-Rs in January for loan defaults and distributions occurring in the prior calendar year for investments, including loans, it recordkeeps.

It should be noted that a taxable event does not necessarily give rise to a distributable event, an event under which a distribution is made. The terms of the plan will control the timing of distributions which are generally limited to death, disability and separation from employment. At the time specified by the plan, the loan will be offset against the participant’s account balance. The offset does not create a second taxable event.

33. Where can I find more supporting information for frequently made account transactions?

More supporting information on other transactions that occur within a plan may be found by visiting the TIAA-CREF Plan Sponsor website.

GENERAL

34. Is the accrual basis of accounting used with regard to interest, income, and dividends?

No. TIAA-CREF provides reporting strictly on a cash basis. Only transactions actually occurring within the reporting period are contained within our plan year-end reports.

35. Can TIAA-CREF supply reconciliations between the custodial system and the recordkeeping system?

TIAA-CREF maintains information on multiple systems. They are:

The custodial system – keeps track of a plan’s investment in mutual and other funds in omnibus form.

The recordkeeping system – keeps the detail of the TIAA Traditional Annuity, TIAA Stable Return Annuity, and TIAA Stable Value contracts (fixed annuity products), the CREF Accounts (a variable annuity product), and the TIAA Real Estate Account (a variable annuity product) as well as plan and participant’s balances.

TIAA-CREF reconciles the custodial system to the recordkeeping system at the omnibus level for the mutual fund holdings. For the annuity contracts, the recordkeeping and custodial system are the same. Therefore, further reconciliations are not necessary.

SECTION 4

53

36. Why is the full Social Security number not displayed on the plan year-end reports?

Reports provided to plan administrators with participants’ Social Security number (SSN) will contain masked SSNs (the last four digits). For example, if a participant’s SSN is “123-45-6789,” the masked SSN displayed on the report will be “xxx-xx-6789.” The masking of a participant’s SSN is a proven strategy to obscure personal identification information to protect the participant from privacy invasion and eliminates the possibility of inappropriate use of the SSN by any unauthorized individuals.

37. What is TIAA-CREF’s cut-off date for including transactions for the reporting year?

Generally, TIAA-CREF reports on a cash basis. Therefore, transactions received by TIAA-CREF in good order on or before 4:00 p.m. (ET) on the last business day of the plan year are included in the annual plan year-end reports.

GOVERNANCE AND INTERNAL CONTROLS

38. Does TIAA-CREF provide plan administrators with a SAS 70 report?

Yes. The unqualified Type II SAS 70 for both qualified plans and ERISA 403(b) plans is located on the Plan Administrator website in the Message Center. Currently, two separate reports are available; one for the calendar year ended 12/31/2009 and one for the fiscal year ended 6/30/10. The 2010 calendar year SAS 70 report should be available in second quarter 2011.

If a plan has assets for which JPMorgan Chase Bank, N.A. (JPMC) is the directed custodian or directed trustee, JPMC’s unqualified Type II SAS 70 report may be requested by contacting the plan’s assigned Institutional Liaison, or, if served by the Administrator Telephone Center, by contacting a TIAA-CREF consultant at 888 842-7782.

These SAS 70 reports are available on a moving 12-month fiscal year period ending each September 30 and March 30.

The SAS 70 reports are confidential and should be used only by TIAA-CREF, its clients, and the independent auditors of its clients. Unauthorized use

of the SAS 70 report, in whole or in part, is strictly prohibited. TIAA-CREF has been authorized by JPMC to distribute its SAS 70 report with the same restrictions as for the TIAA SAS 70 report.

39. Who are the subservice providers identified in the SAS 70 report, what is their role, and what effect will this have on a plan audit?

State Street Bank and Trust Company – provides investment accounting services including calculation of daily net asset value information for the TIAA-CREF Funds. These services are provided to the Funds and not to individual retirement plans.

JPMorgan Chase Bank, N.A. – serves as trustee and/or custodian of the proprietary and non-proprietary mutual funds for plans that offer these funds as part of their investment offering (certain exceptions may apply).

40. What is meant by a “controls environment” and why should a plan have one?

Internal control is a process developed, designed, and implemented by plan management, including those charged with governance, to provide reasonable assurance regarding the attainment of stated objectives. Effective controls reduce the risk of asset loss, and help ensure that plan information is complete and accurate, financial statements are reliable, and laws and regulations are complied with. The American Institute of Certified Public Accountants’ Audit Quality Center for Employee Benefit Plans is a source of excellent information. http://ebpaqc.aicpa.org/

41. Who is responsible for general governance and oversight of an ERISA plan?

The plan administrator is responsible for general governance, oversight, and monitoring of an ERISA plan.

SECTION 4

54

SECTION FIVE. APPENDICES

55

APPENDIX A

SAMPLE PLAN SPONSOR REPORTING PACKAGE

CERTIFICATION LETTER

Raymond J. BellucciVice President, Plan Services

Toll Free: 800.842.2638, X2730 Local: 303.607.2730 Fax: 303.830.0631 [email protected]

Private & Confidential 1/16/2011 03:04 PM Page 1 of 11 Includes both Teachers Insurance and Annuity Association of America (TIAA) and College Retirement Equities Fund (CREF)

as insurance companies.2 By agreement between TIAA and JPMorgan Chase Bank dated 11/22/2004 granting TIAA-CREF specific authority to certify

plan records as required by 29 CFR 2520.103-5(d).

1/16/2011

Re : ABC SAMPLE UNIVERSITYABC SAMPLE UNIVERSITY 403(B) RETIREMENT PLAN

Plan # 100000

TIAA-CREF hereby certifies the reports (Schedule of Assets Held for Investment and Statement of Changesto Net Assets) furnished pursuant to 29 CFR 2520.103-5(d) are complete and accurate for the plan yearended 12/31/2010. This certification extends to investments recordkept by TIAA-CREF for which JPMorganChase Bank, a New York banking corporation, and its successors, if any, act as a directed trustee, custodian,or both.

Sincerely,

Raymond J. BellucciVice President, Plan Services

56

APPENDIX A

Sche

dule

of A

sset

s H

eld

for I

nves

tmen

tTo

tal P

lan

Ass

ets

Und

er M

anag

emen

t

AB

C S

AM

PLE

UN

IVER

SITY

For t

he P

erio

d En

ding

12/

31/2

010

AB

C S

AM

PLE

UN

IVE

RS

ITY

403

(B) R

ETIR

EMEN

T PL

AN- P

lan

# 10

0000

Priv

ate

& C

onfid

entia

l 1

/16/

2011

03:

04 P

MPa

ge1

of

2

FUN

D ID

TIC

KER

INVE

STM

ENT

NA

ME

END

ING

INVE

STM

ENT

PRIC

EEN

DIN

G U

NIT

BA

LAN

CE

END

ING

MA

RK

ET V

ALU

EEN

DIN

G C

OST

VA

LUE

X1TR

EA#

TIAA

Rea

l Est

ate

$193

.453

900

1,85

5.98

04$3

59,0

46.6

5$5

02,1

27.9

8

X2C

STK#

C

REF

Sto

ck

$208

.254

700

62,7

68.9

174

$13,

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06$1

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EF M

oney

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ket

$25.

5326

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$1,0

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# C

REF

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d M

arke

t $9

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th

$62.

1984

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6$1

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.20

$1,1

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ond

$55.

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3$9

67,1

74.0

1$9

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83.9

7

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LEX

TIAA

-CR

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ifecy

cle

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t $1

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0000

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$2,4

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3$2

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,721

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$974

,734

.14

$968

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L5TC

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-CR

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t $9

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$1,9

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,152

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2035

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$456

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$1,7

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2045

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$23,

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$9.5

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$3,9

05,2

32.2

9

57

APPENDIX A

Sche

dule

of A

sset

s H

eld

for I

nves

tmen

tTo

tal P

lan

Ass

ets

Und

er M

anag

emen

t

For t

he P

erio

d En

ding

12/

31/2

010

AB

C S

AM

PLE

UN

IVE

RS

ITY

403

(B) R

ETIR

EMEN

T PL

AN- P

lan

# 10

0000

Priv

ate

& C

onfid

entia

l 1

/16/

2011

03:

04 P

MPa

ge2

of

2

FUN

D ID

TIC

KER

INVE

STM

ENT

NA

ME

END

ING

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STM

ENT

PRIC

EEN

DIN

G U

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LAN

CE

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ET V

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G C

OST

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QR

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cipa

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845,

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66

58

APPENDIX A

Stat

emen

t of C

hang

es to

Net

Ass

ets

Tota

l Pla

n A

sset

s U

nder

Man

agem

ent –

Inve

stm

ent D

etai

l

AB

C S

AM

PLE

UN

IVER

SITY

Act

ivity

for t

he R

epor

ting

Perio

d:01

/01/

2010

to 1

2/31

/201

0

Mar

ket V

alue

at t

he B

egin

ning

of t

he P

erio

dA

dditi

ons

to N

et A

sset

s

Con

tribu

tions

EM

PLO

YEE

PRE-

TAX

MAT

CH

EM

PLO

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TAX

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LLO

VER

EM

PLO

YER

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CH

T

otal

Con

tribu

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O

ther

Rec

eipt

sTo

tal A

dditi

ons

to N

et A

sset

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vest

men

t Inc

ome

E

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ngs

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t Loa

n In

tere

st

Div

iden

ds

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lized

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n (L

oss)

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nrea

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n (L

oss)

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l Inv

estm

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ncom

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educ

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from

Net

Ass

ets

W

ithdr

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s

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tribu

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nnui

ty S

ettle

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t Opt

ions

F

orfe

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l Ded

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sfer

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Pla

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Pla

n Tr

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artic

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ns Is

sued

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artic

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t Loa

n Pr

inci

pal R

epay

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tTo

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rans

fers

M

arke

t Val

ue a

t the

End

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ash

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d in

Res

erve

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icip

ant B

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t the

End

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d

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C S

AM

PLE

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IVE

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ITY

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(B) R

ETIR

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ate

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03:

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($45

.22)

$1,4

54,5

15.2

6$2

,433

.34

$547

,662

.87

$2,0

04,5

66.2

5$0

.00

$2,0

04,5

66.2

5

$163

.63

$24,

913.

66$0

.00

$122

,449

.02

$360

,870

.20

$508

,396

.51

($4,

629.

62)

($70

0,14

3.63

)$0

.00

$0.0

0$0

.00

$0.0

0($

704,

773.

25)

$1,7

03,0

83.4

4($

1,74

9,38

6.24

)$0

.00

$0.0

0$1

,373

.08

$0.0

0$0

.00

$133

,563

.91

$88,

634.

19$1

9,31

1,57

0.88

$0.0

0$1

9,31

1,56

7.81

TIA

A R

EAL

ESTA

TEX1

$429

,426

.50

$0.0

0$6

0,07

0.37

$0.0

0$2

0,62

6.18

$80,

696.

55$0

.00

$80,

696.

55

$0.0

0$8

41.4

5$0

.00

($19

,844

.01)

($10

3,60

1.90

)($

122,

604.

46)

$0.0

0($

34,6

69.7

2)$0

.00

$0.0

0$0

.00

$0.0

0($

34,6

69.7

2)

$41,

202.

89($

39,1

07.4

3)$0

.00

$0.0

0$4

04.6

7$0

.00

$0.0

0$3

,697

.65

$6,1

97.7

8$3

59,0

46.6

5$0

.00

$359

,046

.65

CR

EF S

TOC

KX2 $9

,396

,290

.51

$0.0

0$8

23,3

16.7

3$0

.00

$333

,932

.82

$1,1

57,2

49.5

5$0

.00

$1,1

57,2

49.5

5

$0.0

0$1

8,03

4.29

$0.0

0($

380,

184.

42)

$3,4

58,8

63.0

3$3

,096

,712

.90

($5,

665.

36)

($37

8,01

4.38

)$0

.00

$0.0

0$0

.00

$0.0

0($

383,

679.

74)

$350

,693

.96

($63

2,23

4.10

)$0

.00

$0.0

0$7

,773

.40

$0.0

0$0

.00

$79,

115.

58($

194,

651.

16)

$13,

071,

922.

06$0

.00

$13,

071,

922.

27

X3 $1,3

77,6

94.1

6

$0.0

0$7

7,76

1.39

$0.0

0$3

0,34

2.71

$108

,104

.10

$0.0

0$1

08,1

04.1

0

$511

.09

$1,4

36.4

0$0

.00

$19,

452.

77($

17,8

80.4

0)$3

,519

.86

$0.0

0($

396,

531.

08)

$0.0

0$0

.00

$0.0

0$0

.00

($39

6,53

1.08

)

$310

,368

.39

($36

4,04

5.60

)$0

.00

$0.0

0$0

.00

$0.0

0$0

.00

$6,4

22.8

1($

47,2

54.4

0)$1

,045

,532

.64

$0.0

0$1

,045

,532

.63

CR

EF M

ON

EY M

AR

KET

59

APPENDIX A

Stat

emen

t of C

hang

es to

Net

Ass

ets

Tota

l Pla

n A

sset

s U

nder

Man

agem

ent –

Inve

stm

ent D

etai

l

AB

C S

AM

PLE

UN

IVER

SITY

Act

ivity

for t

he R

epor

ting

Perio

d:01

/01/

2010

to 1

2/31

/201

0

AB

C S

AM

PLE

UN

IVE

RS

ITY

403

(B) R

ETIR

EMEN

T PL

AN- P

lan

# 10

Priv

ate

& C

onfid

entia

l 1

/16/

2011

03:

04 P

MPa

ge2

of

8

Mar

ket V

alue

at t

he B

egin

ning

of t

he P

erio

dA

dditi

ons

to N

et A

sset

s

Con

tribu

tions

EM

PLO

YEE

PRE-

TAX

MAT

CH

EM

PLO

YEE

PRE-

TAX

RO

LLO

VER

EM

PLO

YER

MAT

CH

T

otal

Con

tribu

tions

O

ther

Rec

eipt

sTo

tal A

dditi

ons

to N

et A

sset

sIn

vest

men

t Inc

ome

E

arni

ngs

P

artic

ipan

t Loa

n In

tere

st

Div

iden

ds

Rea

lized

Gai

n (L

oss)

U

nrea

lized

Gai

n (L

oss)

Tota

l Inv

estm

ent I

ncom

eD

educ

tions

from

Net

Ass

ets

W

ithdr

awal

s

Dis

tribu

tions

A

nnui

ty S

ettle

men

t Opt

ions

F

orfe

iture

s

Fee

s

Oth

er D

educ

tions

Tota

l Ded

uctio

nsTr

ansf

ers

In

terfu

nd T

rans

fer I

n

Inte

rfund

Tra

nsfe

r (O

ut)

C

onve

rsio

n In

C

onve

rsio

n (O

ut)

P

lan

to P

lan

Tran

sfer

In

Pla

n to

Pla

n Tr

ansf

er (O

ut)

P

artic

ipan

t Loa

ns Is

sued

P

artic

ipan

t Loa

n Pr

inci

pal R

epay

men

tTo

tal T

rans

fers

M

arke

t Val

ue a

t the

End

of t

he P

erio

d C

ash

Hel

d in

Res

erve

Part

icip

ant B

alan

ce a

t the

End

of t

he P

erio

d

0000

CR

EF B

ON

D M

AR

KET

X5 $3,7

61,5

87.2

0

$0.0

0$3

40,9

38.0

9$0

.00

$114

,533

.18

$455

,471

.27

$0.0

0$4

55,4

71.2

7

$2.6

7$4

,190

.71

$0.0

0$3

9,17

7.15

$245

,993

.34

$289

,363

.87

($1,

250.

00)

($22

7,99

8.27

)$0

.00

$0.0

0$0

.00

$0.0

0($

229,

248.

27)

$486

,799

.65

($19

9,62

3.38

)$0

.00

$0.0

0$2

,119

.98

$0.0

0$0

.00

$19,

502.

60$3

08,7

98.8

5$4

,585

,972

.92

$0.0

0$4

,585

,972

.91

CR

EF G

RO

WTH

X7$6

58,1

74.0

6

$0.0

0$1

06,8

77.6

4$0

.00

$40,

242.

75$1

47,1

20.3

9$0

.00

$147

,120

.39

$0.0

0$1

,205

.57

$0.0

0($

8,69

7.36

)$3

14,6

39.9

7$3

07,1

48.1

8

($80

3.09

)($

7,04

2.98

)$0

.00

$0.0

0$0

.00

$0.0

0($

7,84

6.07

)

$174

,320

.98

($28

,983

.00)

$0.0

0$0

.00

$265

.63

$0.0

0$0

.00

$5,9

40.0

3$1

51,5

43.6

4$1

,256

,140

.20

$0.0

0$1

,256

,140

.06

CR

EF IN

FLA

TIO

N-

LIN

KED

BO

ND

X9$6

83,7

11.7

8

$0.0

0$8

6,68

3.02

$0.0

0$3

3,09

7.07

$119

,780

.09

$0.0

0$1

19,7

80.0

9

$2.6

6$7

08.6

1$0

.00

$2,2

05.9

7$7

2,42

2.77

$75,

340.

01

$0.0

0($

19,5

11.9

6)$0

.00

$0.0

0$0

.00

$0.0

0($

19,5

11.9

6)

$231

,508

.92

($12

9,19

7.27

)$0

.00

$0.0

0$2

,023

.39

$0.0

0$0

.00

$3,5

19.0

5$1

07,8

54.0

9$9

67,1

74.0

1$0

.00

$967

,174

.02

TIA

A-C

REF

LIF

ECYC

LE

2010

-RTM

TL1 $1

,889

,643

.98

$0.0

0$2

31,9

85.7

2$0

.00

$86,

376.

13$3

18,3

61.8

5$0

.00

$318

,361

.85

$0.7

4$3

,624

.98

$49,

126.

19($

30,4

67.6

8)$3

63,1

72.5

4$3

85,4

56.7

7

($0.

41)

($32

,842

.41)

$0.0

0$0

.00

($22

7.67

)($

2,76

0.24

)($

35,8

30.7

3)

$101

,244

.20

($16

7,10

1.73

)$0

.00

$0.0

0$0

.00

$0.0

0($

20,2

29.0

0)$7

,047

.09

($79

,039

.44)

$2,4

78,5

92.4

3$0

.00

$2,4

78,5

92.4

4

60

Stat

emen

t of C

hang

es to

Net

Ass

ets

Tota

l Pla

n A

sset

s U

nder

Man

agem

ent –

Inve

stm

ent D

etai

l

AB

C S

AM

PLE

UN

IVER

SITY

Act

ivity

for t

he R

epor

ting

Perio

d:01

/01/

2010

to 1

2/31

/201

0

AB

C S

AM

PLE

UN

IVE

RS

ITY

403

(B) R

ETIR

EMEN

T PL

AN- P

lan

# 10

0000

Priv

ate

& C

onfid

entia

l 1

/16/

2011

03:

04 P

MPa

ge3

of

8

Mar

ket V

alue

at t

he B

egin

ning

of t

he P

erio

dA

dditi

ons

to N

et A

sset

s

Con

tribu

tions

EM

PLO

YEE

PRE-

TAX

MAT

CH

EM

PLO

YEE

PRE-

TAX

RO

LLO

VER

EM

PLO

YER

MAT

CH

T

otal

Con

tribu

tions

O

ther

Rec

eipt

sTo

tal A

dditi

ons

to N

et A

sset

sIn

vest

men

t Inc

ome

E

arni

ngs

P

artic

ipan

t Loa

n In

tere

st

Div

iden

ds

Rea

lized

Gai

n (L

oss)

U

nrea

lized

Gai

n (L

oss)

Tota

l Inv

estm

ent I

ncom

eD

educ

tions

from

Net

Ass

ets

W

ithdr

awal

s

Dis

tribu

tions

A

nnui

ty S

ettle

men

t Opt

ions

F

orfe

iture

s

Fee

s

Oth

er D

educ

tions

Tota

l Ded

uctio

nsTr

ansf

ers

In

terfu

nd T

rans

fer I

n

Inte

rfund

Tra

nsfe

r (O

ut)

C

onve

rsio

n In

C

onve

rsio

n (O

ut)

P

lan

to P

lan

Tran

sfer

In

Pla

n to

Pla

n Tr

ansf

er (O

ut)

P

artic

ipan

t Loa

ns Is

sued

P

artic

ipan

t Loa

n Pr

inci

pal R

epay

men

tTo

tal T

rans

fers

M

arke

t Val

ue a

t the

End

of t

he P

erio

d C

ash

Hel

d in

Res

erve

Part

icip

ant B

alan

ce a

t the

End

of t

he P

erio

d

TIA

A-C

REF

LIF

ECYC

LE

2015

-RTM

TL2

$746

,778

.80

$0.0

0$1

80,4

62.4

1$0

.00

$61,

262.

41$2

41,7

24.8

2$0

.00

$241

,724

.82

$521

.99

$1,0

51.8

8$2

0,56

3.76

($29

,455

.61)

$190

,266

.77

$182

,948

.79

$0.0

0($

22,9

49.0

0)$0

.00

$0.0

0($

241.

55)

$0.0

0($

23,1

90.5

5)

$121

,322

.34

($14

9,19

9.06

)$0

.00

$0.0

0$0

.00

$0.0

0($

8,29

2.18

)$6

,432

.36

($29

,736

.54)

$1,1

18,5

25.3

2$0

.00

$1,1

18,5

25.3

7

TIA

A-C

REF

LIF

ECYC

LE

2020

-RTM

TL3 $1

,370

,875

.55

$0.0

0$1

87,8

43.7

8$0

.00

$71,

040.

78$2

58,8

84.5

6$0

.00

$258

,884

.56

$0.0

0$9

22.5

6$3

2,73

7.56

($12

5,36

8.04

)$3

98,5

75.4

1$3

06,8

67.4

9

$0.0

0$0

.00

$0.0

0$0

.00

($30

0.00

)$0

.00

($30

0.00

)

$366

,753

.77

($30

5,97

6.12

)$0

.00

$0.0

0$0

.00

$0.0

0($

42,0

19.7

4)$7

,688

.62

$26,

446.

53$1

,962

,774

.13

$0.0

0$1

,962

,774

.17

TIA

A-C

REF

LIF

ECYC

LE

2025

-RTM

TL4

$473

,059

.58

$0.0

0$2

22,6

70.6

8$4

,198

.37

$87,

875.

15$3

14,7

44.2

0$0

.00

$314

,744

.20

$15.

94$5

71.6

4$1

5,17

0.05

($9,

052.

45)

$169

,676

.67

$176

,381

.85

($3,

506.

74)

($27

,033

.58)

$0.0

0$0

.00

($22

5.00

)$0

.00

($30

,765

.32)

$65,

150.

96($

21,2

52.7

5)$0

.00

$0.0

0$0

.00

$0.0

0($

4,42

5.00

)$1

,840

.62

$41,

313.

83$9

74,7

34.1

4$0

.00

$974

,734

.16

TIA

A-C

REF

LIF

ECYC

LE

2030

-RTM

TL5 $1

,145

,762

.72

$0.0

0$2

80,7

40.6

4$9

,171

.98

$118

,918

.71

$408

,831

.33

$0.0

0$4

08,8

31.3

3

$6.1

3$2

,661

.44

$28,

586.

56($

14,4

99.3

6)$3

63,3

10.1

5$3

80,0

64.9

2

$0.0

0($

21,7

63.6

2)$0

.00

$0.0

0($

308.

39)

$0.0

0($

22,0

72.0

1)

$14,

632.

15($

3,80

6.40

)$0

.00

$0.0

0$1

0,23

3.21

$0.0

0($

16,4

70.8

2)$1

6,54

4.15

$21,

132.

29$1

,933

,719

.25

$0.0

0$1

,933

,719

.31

APPENDIX A

61

APPENDIX A

Stat

emen

t of C

hang

es to

Net

Ass

ets

Tota

l Pla

n A

sset

s U

nder

Man

agem

ent –

Inve

stm

ent D

etai

l

AB

C S

AM

PLE

UN

IVER

SITY

Act

ivity

for t

he R

epor

ting

Perio

d:01

/01/

2010

to 1

2/31

/201

0

AB

C S

AM

PLE

UN

IVE

RS

ITY

403

(B) R

ETIR

EMEN

T PL

AN- P

lan

# 10

0000

Priv

ate

& C

onfid

entia

l 1

/16/

2011

03:

04 P

MPa

ge4

of

8

Mar

ket V

alue

at t

he B

egin

ning

of t

he P

erio

dA

dditi

ons

to N

et A

sset

s

Con

tribu

tions

EM

PLO

YEE

PRE-

TAX

MAT

CH

EM

PLO

YEE

PRE-

TAX

RO

LLO

VER

EM

PLO

YER

MAT

CH

T

otal

Con

tribu

tions

O

ther

Rec

eipt

sTo

tal A

dditi

ons

to N

et A

sset

sIn

vest

men

t Inc

ome

E

arni

ngs

P

artic

ipan

t Loa

n In

tere

st

Div

iden

ds

Rea

lized

Gai

n (L

oss)

U

nrea

lized

Gai

n (L

oss)

Tota

l Inv

estm

ent I

ncom

eD

educ

tions

from

Net

Ass

ets

W

ithdr

awal

s

Dis

tribu

tions

A

nnui

ty S

ettle

men

t Opt

ions

F

orfe

iture

s

Fee

s

Oth

er D

educ

tions

Tota

l Ded

uctio

nsTr

ansf

ers

In

terfu

nd T

rans

fer I

n

Inte

rfund

Tra

nsfe

r (O

ut)

C

onve

rsio

n In

C

onve

rsio

n (O

ut)

P

lan

to P

lan

Tran

sfer

In

Pla

n to

Pla

n Tr

ansf

er (O

ut)

P

artic

ipan

t Loa

ns Is

sued

P

artic

ipan

t Loa

n Pr

inci

pal R

epay

men

tTo

tal T

rans

fers

M

arke

t Val

ue a

t the

End

of t

he P

erio

d C

ash

Hel

d in

Res

erve

Part

icip

ant B

alan

ce a

t the

End

of t

he P

erio

d

TIA

A-C

REF

LIF

ECYC

LE

2035

-RTM

TL6

$202

,890

.78

$0.0

0$1

02,5

10.5

6$2

5,27

5.98

$43,

606.

83$1

71,3

93.3

7$0

.00

$171

,393

.37

$0.0

0$9

45.6

4$6

,572

.10

($6,

084.

11)

$94,

077.

57$9

5,51

1.20

($2,

247.

27)

($10

,482

.98)

$0.0

0$0

.00

($31

6.67

)$0

.00

($13

,046

.92)

$21,

145.

77($

4,33

8.89

)$0

.00

$0.0

0$0

.00

$0.0

0($

11,6

51.9

9)$5

,023

.61

$10,

178.

50$4

66,9

26.9

3$0

.00

$466

,926

.96

TIA

A-C

REF

LIF

ECYC

LE

2040

-RTM

TL7

TIA

A-C

REF

LIF

ECYC

LE

2045

-RTM

TL9

TIA

A-C

REF

LIF

ECYC

LE

2050

-RTM

TLB

$937

,962

.50

$2,1

67.3

0$6

24.4

5

$0.0

0$0

.00

$0.0

0$3

40,0

93.3

1$1

5,01

4.23

$11,

940.

74$5

,875

.12

$0.0

0$0

.00

$135

,218

.46

$7,3

08.0

8$4

,687

.23

$481

,186

.89

$22,

322.

31$1

6,62

7.97

$0.0

0$0

.00

$0.0

0$4

81,1

86.8

9$2

2,32

2.31

$16,

627.

97

$162

.44

$0.0

0$0

.00

$3,0

73.7

6$0

.00

$0.0

0$2

3,74

6.30

$352

.91

$281

.75

($34

,511

.54)

$0.8

5$0

.00

$359

,649

.79

$2,9

36.2

7$2

,088

.46

$352

,120

.75

$3,2

90.0

3$2

,370

.21

$0.0

0$0

.00

$0.0

0($

51,4

56.1

0)$0

.00

$0.0

0$0

.00

$0.0

0$0

.00

$0.0

0$0

.00

$0.0

0($

324.

69)

($2,

041.

25)

$0.0

0$0

.00

$0.0

0$0

.00

($51

,780

.79)

($2,

041.

25)

$0.0

0

$15,

467.

40$1

62,0

87.8

6$1

,419

.45

($24

,820

.24)

$0.0

0$0

.00

$0.0

0$0

.00

$0.0

0$0

.00

$0.0

0$0

.00

$0.0

0$0

.00

$0.0

0$0

.00

$0.0

0$0

.00

($17

,826

.31)

($16

1,34

4.25

)$0

.00

$8,8

92.6

2$0

.00

$0.0

0($

18,2

86.5

3)$7

43.6

1$1

,419

.45

$1,7

01,2

02.8

2$2

6,48

2.00

$21,

042.

08$0

.00

$0.0

0$0

.00

$1,7

01,2

02.8

0$2

6,48

2.01

$21,

042.

08

62

Stat

emen

t of C

hang

es to

Net

Ass

ets

Tota

l Pla

n A

sset

s U

nder

Man

agem

ent –

Inve

stm

ent D

etai

l

AB

C S

AM

PLE

UN

IVER

SITY

Act

ivity

for t

he R

epor

ting

Perio

d:01

/01/

2010

to 1

2/31

/201

0

AB

C S

AM

PLE

UN

IVE

RS

ITY

403

(B) R

ETIR

EMEN

T PL

AN- P

lan

# 10

0000

Priv

ate

& C

onfid

entia

l 1

/16/

2011

03:

04 P

MPa

ge5

of

8

TIA

A-C

REF

INTL

EQ

IDX-

RTM

TXC $2

,378

,109

.94

$0.0

0$2

89,3

32.1

5$0

.00

$98,

531.

38$3

87,8

63.5

3$0

.00

$387

,863

.53

$0.0

0$3

,442

.16

$68,

159.

23($

84,1

11.6

1)$7

92,1

01.9

2$7

79,5

91.7

0

$0.0

0($

71,1

00.6

8)$0

.00

$0.0

0($

253.

97)

$0.0

0($

71,3

54.6

5)

$260

,183

.86

($10

7,15

0.62

)$0

.00

$0.0

0$1

56.9

6$0

.00

($33

,542

.95)

$16,

827.

65$1

36,4

74.9

0$3

,610

,685

.42

$0.0

0$3

,610

,685

.51

TIA

A-C

REF

LG

-CA

P VA

L-R

TMT

XE

TIA

A-C

REF

MID

-CA

P G

R

$2,7

95,5

18.8

5

$0.0

0$3

15,6

34.8

7$0

.00

$109

,796

.84

$425

,431

.71

$0.0

0$4

25,4

31.7

1

$0.0

0$4

,771

.53

$44,

240.

81($

217,

456.

10)

$1,0

72,8

47.1

6$9

04,4

03.4

0

($81

1.56

)($

81,8

70.2

2)$0

.00

$0.0

0($

267.

61)

$0.0

0($

82,9

49.3

9)

$261

,937

.69

($26

6,90

4.97

)$0

.00

$0.0

0$2

65.6

4$0

.00

($35

,433

.92)

$23,

348.

69($

16,7

86.8

7)$4

,025

,617

.70

$0.0

0$4

,025

,617

.64

IDX-

RTM

TXI

$317

,141

.06

$0.0

0$2

5,88

6.88

$0.0

0$8

,361

.48

$34,

248.

36$0

.00

$34,

248.

36

$0.0

0$2

14.5

8$1

,700

.87

($14

4,82

0.98

)$2

23,7

87.4

8$8

0,88

1.95

$0.0

0($

512.

19)

$0.0

0$0

.00

($2.

38)

$0.0

0($

514.

57)

$113

,902

.75

($54

5,95

5.93

)$0

.00

$0.0

0$0

.00

$0.0

0($

570.

00)

$866

.38

($43

1,75

6.80

)$0

.00

$0.0

0$0

.00

Mar

ket V

alue

at t

he B

egin

ning

of t

he P

erio

dA

dditi

ons

to N

et A

sset

s

Con

tribu

tions

EM

PLO

YEE

PRE-

TAX

MAT

CH

EM

PLO

YEE

PRE-

TAX

RO

LLO

VER

EM

PLO

YER

MAT

CH

T

otal

Con

tribu

tions

O

ther

Rec

eipt

sTo

tal A

dditi

ons

to N

et A

sset

sIn

vest

men

t Inc

ome

E

arni

ngs

P

artic

ipan

t Loa

n In

tere

st

Div

iden

ds

Rea

lized

Gai

n (L

oss)

U

nrea

lized

Gai

n (L

oss)

Tota

l Inv

estm

ent I

ncom

eD

educ

tions

from

Net

Ass

ets

W

ithdr

awal

s

Dis

tribu

tions

A

nnui

ty S

ettle

men

t Opt

ions

F

orfe

iture

s

Fee

s

Oth

er D

educ

tions

Tota

l Ded

uctio

nsTr

ansf

ers

In

terfu

nd T

rans

fer I

n

Inte

rfund

Tra

nsfe

r (O

ut)

C

onve

rsio

n In

C

onve

rsio

n (O

ut)

P

lan

to P

lan

Tran

sfer

In

Pla

n to

Pla

n Tr

ansf

er (O

ut)

P

artic

ipan

t Loa

ns Is

sued

P

artic

ipan

t Loa

n Pr

inci

pal R

epay

men

tTo

tal T

rans

fers

M

arke

t Val

ue a

t the

End

of t

he P

erio

d C

ash

Hel

d in

Res

erve

Part

icip

ant B

alan

ce a

t the

End

of t

he P

erio

d

TIA

A-C

REF

LFC

YLE

RTM

T IN

C-R

TMT

LD$0

.00

$0.0

0$1

,696

.87

$0.0

0$3

63.5

9$2

,060

.46

$0.0

0$2

,060

.46

$0.0

0$0

.00

$260

.71

$3,2

87.9

5$1

.50

$3,5

50.1

6

$0.0

0($

21,4

78.5

5)$0

.00

$0.0

0$0

.00

$0.0

0($

21,4

78.5

5)

$15,

952.

56$0

.00

$0.0

0$0

.00

$0.0

0$0

.00

$0.0

0$0

.00

$15,

952.

56$8

4.63

$0.0

0$8

4.63

APPENDIX A

63

APPENDIX A

Stat

emen

t of C

hang

es to

Net

Ass

ets

Tota

l Pla

n A

sset

s U

nder

Man

agem

ent –

Inve

stm

ent D

etai

l

AB

C S

AM

PLE

UN

IVER

SITY

Act

ivity

for t

he R

epor

ting

Perio

d:01

/01/

2010

to 1

2/31

/201

0

AB

C S

AM

PLE

UN

IVE

RS

ITY

403

(B) R

ETIR

EMEN

T PL

AN- P

lan

# 10

0000

Priv

ate

& C

onfid

entia

l 1

/16/

2011

03:

04 P

MPa

ge6

of

8

Mar

ket V

alue

at t

he B

egin

ning

of t

he P

erio

dA

dditi

ons

to N

et A

sset

s

Con

tribu

tions

EM

PLO

YEE

PRE-

TAX

MAT

CH

EM

PLO

YEE

PRE-

TAX

RO

LLO

VER

EM

PLO

YER

MAT

CH

T

otal

Con

tribu

tions

O

ther

Rec

eipt

sTo

tal A

dditi

ons

to N

et A

sset

sIn

vest

men

t Inc

ome

E

arni

ngs

P

artic

ipan

t Loa

n In

tere

st

Div

iden

ds

Rea

lized

Gai

n (L

oss)

U

nrea

lized

Gai

n (L

oss)

Tota

l Inv

estm

ent I

ncom

eD

educ

tions

from

Net

Ass

ets

W

ithdr

awal

s

Dis

tribu

tions

A

nnui

ty S

ettle

men

t Opt

ions

F

orfe

iture

s

Fee

s

Oth

er D

educ

tions

Tota

l Ded

uctio

nsTr

ansf

ers

In

terfu

nd T

rans

fer I

n

Inte

rfund

Tra

nsfe

r (O

ut)

C

onve

rsio

n In

C

onve

rsio

n (O

ut)

P

lan

to P

lan

Tran

sfer

In

Pla

n to

Pla

n Tr

ansf

er (O

ut)

P

artic

ipan

t Loa

ns Is

sued

P

artic

ipan

t Loa

n Pr

inci

pal R

epay

men

tTo

tal T

rans

fers

M

arke

t Val

ue a

t the

End

of t

he P

erio

d C

ash

Hel

d in

Res

erve

Part

icip

ant B

alan

ce a

t the

End

of t

he P

erio

d

TIA

A-C

REF

MID

-CA

P VA

L ID

X-R

TMT

XK $1,1

66,9

60.9

1

$0.0

0$6

3,15

1.49

$0.0

0$1

8,99

0.10

$82,

141.

59$0

.00

$82,

141.

59

$0.0

0$4

68.3

5$1

1,77

6.28

($70

1,31

4.41

)$7

65,1

81.9

9$7

6,11

2.21

$0.0

0($

7,57

3.45

)$0

.00

$0.0

0($

42.7

9)$0

.00

($7,

616.

24)

$25,

306.

26($

1,34

1,07

1.74

)$0

.00

$0.0

0$0

.00

$0.0

0($

3,44

2.82

)$1

,609

.83

($1,

317,

598.

47)

$0.0

0$0

.00

$0.0

0

TIA

A-C

REF

SM

-CA

P B

L ID

X-R

TMT

XM

TIA

A-C

REF

SO

CIA

L C

H

$4,5

35,3

96.1

1

$0.0

0$4

09,3

32.8

8$0

.00

$160

,280

.14

$569

,613

.02

$0.0

0$5

69,6

13.0

2

$0.0

0$1

0,36

9.35

$43,

218.

78($

270,

372.

24)

$1,4

71,1

06.0

7$1

,254

,321

.96

($32

,317

.32)

($83

,229

.45)

$0.0

0$0

.00

($91

7.18

)$0

.00

($11

6,46

3.95

)

$143

,296

.38

($20

0,21

4.99

)$0

.00

$0.0

0$7

2.44

$0.0

0($

115,

441.

20)

$43,

677.

17($

128,

610.

20)

$6,1

14,2

56.9

4$0

.00

$6,1

14,2

57.0

3

EQ-R

TMT

XQ $2,6

32,3

83.8

5

$0.0

0$2

45,7

12.5

5$0

.00

$101

,724

.72

$347

,437

.27

$0.0

0$3

47,4

37.2

7

$75.

15$5

,344

.90

$49,

108.

47($

119,

263.

00)

$922

,339

.77

$857

,605

.29

$0.0

0($

101,

027.

11)

$0.0

0$0

.00

($38

3.87

)$0

.00

($10

1,41

0.98

)

$84,

274.

44($

133,

386.

64)

$0.0

0$0

.00

$85.

15($

0.62

)($

56,8

86.3

4)$3

0,13

7.88

($75

,776

.13)

$3,6

60,2

39.3

0$0

.00

$3,6

60,2

39.2

8

TIA

A-C

REF

S&

P 50

0 ID

X-R

TMT

XR$6

58,8

93.1

5

$0.0

0$1

16,2

85.8

6$0

.00

$35,

861.

42$1

52,1

47.2

8$0

.00

$152

,147

.28

$0.0

0$6

65.9

9$1

7,70

8.32

($18

,527

.56)

$199

,089

.27

$198

,936

.02

($1,

163.

85)

($2,

585.

96)

$0.0

0$0

.00

($86

.87)

$0.0

0($

3,83

6.68

)

$94,

864.

87($

46,0

27.1

4)$0

.00

$0.0

0$8

4.52

$0.0

0($

14,9

46.3

3)$3

,615

.28

$37,

591.

20$1

,043

,730

.97

$0.0

0$1

,043

,730

.95

64

Stat

emen

t of C

hang

es to

Net

Ass

ets

Tota

l Pla

n A

sset

s U

nder

Man

agem

ent –

Inve

stm

ent D

etai

l

AB

C S

AM

PLE

UN

IVER

SITY

Act

ivity

for t

he R

epor

ting

Perio

d:01

/01/

2010

to 1

2/31

/201

0

AB

C S

AM

PLE

UN

IVE

RS

ITY

403

(B) R

ETIR

EMEN

T PL

AN- P

lan

# 10

0000

Priv

ate

& C

onfid

entia

l 1

/16/

2011

03:

04 P

MPa

ge7

of

8

TIA

A-C

REF

EQ

IND

EX-

RTM

TXV

TIA

A-C

REF

MA

NA

GED

A

LLO

C-R

TMT

XX

TIA

A-C

REF

SEL

F D

IREC

TED

AC

CT

SD

PAR

TIC

IPA

NT

LOA

N

FUN

D90

Mar

ket V

alue

at t

he B

egin

ning

of t

he P

erio

d$0

.00

$4,4

76,1

49.6

5$1

23,9

05.2

0$1

,481

,487

.45

Add

ition

s to

Net

Ass

ets

C

ontri

butio

ns

E

MPL

OYE

E PR

E-TA

X M

ATC

H$0

.00

$0.0

0$0

.00

$0.0

0

E

MPL

OYE

E PR

E-TA

X$1

27,2

57.3

8$2

87,0

68.9

7$0

.00

$0.0

0

R

OLL

OVE

R$0

.00

$0.0

0$0

.00

$0.0

0

E

MPL

OYE

R M

ATC

H$3

7,89

3.80

$133

,441

.69

$0.0

0$0

.00

T

otal

Con

tribu

tions

$165

,151

.18

$420

,510

.66

$0.0

0$0

.00

O

ther

Rec

eipt

s$0

.00

$0.0

0$0

.00

$0.0

0To

tal A

dditi

ons

to N

et A

sset

s$1

65,1

51.1

8$4

20,5

10.6

6$0

.00

$0.0

0In

vest

men

t Inc

ome

E

arni

ngs

$0.0

0$2

.86

$15,

978.

21$4

,856

.89

P

artic

ipan

t Loa

n In

tere

st$7

53.5

2$7

,814

.27

$0.0

0$6

,820

.54

D

ivid

ends

$28,

819.

46$1

20,4

75.1

8$0

.00

($63

.78)

R

ealiz

ed G

ain

(Los

s)$1

4,01

2.02

($20

9,01

4.32

)$0

.00

$0.0

0

Unr

ealiz

ed G

ain

(Los

s)$2

96,5

79.5

3$9

98,9

71.9

9$0

.00

$0.0

0To

tal I

nves

tmen

t Inc

ome

$340

,164

.53

$918

,249

.98

$15,

978.

21$1

1,61

3.65

Ded

uctio

ns fr

om N

et A

sset

s

With

draw

als

$0.0

0($

397.

82)

$0.0

0($

117,

155.

95)

D

istri

butio

ns($

34,5

12.2

9)($

149,

743.

50)

$0.0

0$0

.00

A

nnui

ty S

ettle

men

t Opt

ions

$0.0

0$0

.00

$0.0

0$0

.00

F

orfe

iture

s$0

.00

$0.0

0$0

.00

$0.0

0

Fee

s($

58.5

1)($

716.

25)

$0.0

0$0

.00

O

ther

Ded

uctio

ns$0

.00

$0.0

0$0

.00

$0.0

0To

tal D

educ

tions

($34

,570

.80)

($15

0,85

7.57

)$0

.00

($11

7,15

5.95

)Tr

ansf

ers

In

terfu

nd T

rans

fer I

n$1

,759

,751

.23

$111

,019

.49

$0.0

0$0

.00

In

terfu

nd T

rans

fer (

Out

)($

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n to

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ansf

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lan

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sfer

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)$0

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ticip

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ticip

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0($

473,

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l Tra

nsfe

rs

$1,6

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9($

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ket V

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APPENDIX A

65

APPENDIX A

Stat

emen

t of C

hang

es to

Net

Ass

ets

Tota

l Pla

n A

sset

s U

nder

Man

agem

ent –

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stm

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ivity

for t

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66

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A T

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Def

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olla

tera

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AB

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for t

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APPENDIX A

67

APPENDIX A

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Stat

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for t

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68

APPENDIX A

Part

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mar

y

AB

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AM

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UN

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SITY

Act

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for t

he R

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NA

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39

69

APPENDIX A

Part

icip

ant D

etai

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mar

y

Act

ivity

for t

he R

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ting

Perio

d:01

/01/

2010

to 1

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2856

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2856

PLA

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70

APPENDIX A

Tran

sact

ion

His

tory

by

Dat

e R

epor

t

Act

ivity

for t

he R

epor

ting

Perio

d:01

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to 1

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0

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C S

AM

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63 o

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TRA

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00.0

0)($

12,1

00.0

0)($

12,3

25.3

4)

12/3

0/20

10

Parti

cipa

nt L

oans

Issu

ed

$12,

250.

00$0

.00

$12,

250.

00

12/3

1/20

10

Earn

ings

($

184.

25)

$0.0

0($

184.

25)

($18

4.25

)

12/3

1/20

10

Parti

cipa

nt L

oan

Inte

rest

$4

05.4

0$0

.00

$405

.40

12/3

1/20

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Rea

lized

Gai

n (L

oss)

$4

91.0

2

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tribu

tions

$0

.00

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20)

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938.

20)

($7,

254.

60)

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Inte

rfund

Tra

nsfe

r In

$4,6

31.6

4$0

.00

$4,6

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4$4

,631

.64

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Inte

rfund

Tra

nsfe

r (O

ut)

$0.0

0($

4,63

1.64

)($

4,63

1.64

)($

4,82

4.22

)

TOTA

L$1

7,84

5,54

4.84

($10

,892

,593

.31)

$6,9

52,9

51.5

3$4

,581

,712

.87

($2,

222,

459.

07)

71

Tran

sact

ion

His

tory

by

Fund

Rep

ort

Act

ivity

for t

he R

epor

ting

Perio

d:01

/01/

2010

to 1

2/31

/201

0

AB

C S

AM

PLE

UN

IVE

RS

ITY

403

(B) R

ETIR

EMEN

T PL

AN- P

lan

# 10

0000

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ate

& C

onfid

entia

l1/

16/2

011

03:0

4 PM

Page

218

of

218

TRA

NSA

CTI

ON

DA

TETR

AN

SAC

TIO

N D

ESC

RIP

TIO

N

P

UR

CH

ASE

SA

LE N

ET

PU

RC

HA

SE /

SALE

CO

STR

EALI

ZED

GA

IN (L

OSS

)12

/23/

2010

Pa

rtici

pant

Loa

n Pr

inci

pal R

epay

men

ts

$0.0

0($

4,05

1.65

)($

4,05

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)

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cipa

nt L

oans

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ed

$5,0

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0$0

.00

$5,0

00.0

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cipa

nt L

oan

Prin

cipa

l Rep

aym

ents

$0

.00

($88

0.53

)($

880.

53)

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10

Parti

cipa

nt L

oans

Issu

ed

$12,

250.

00$0

.00

$12,

250.

00

12/3

1/20

10

Parti

cipa

nt L

oan

Inte

rest

$4

05.4

0$0

.00

$405

.40

Subt

otal

PAR

TIC

IPA

NT

LOA

NFU

ND

$732

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.89

($58

3,99

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9

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AN

DTO

TAL

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1)$6

,952

,951

.53

$4,5

81,7

12.8

7($

2,22

2,45

9.07

)

APPENDIX A

72

APPENDIX A

Con

trib

utio

n R

epor

t

AB

C S

AM

PLE

UN

IVER

SITY

Act

ivity

for t

he R

epor

ting

Perio

d:01

/01/

2010

to 1

2/31

/201

0

AB

C S

AM

PLE

UN

IVE

RS

ITY

403

(B) R

ETIR

EMEN

T PL

AN- P

lan

# 10

0000

Priv

ate

& C

onfid

entia

l 1

/16/

2011

03:

04 P

MPa

ge1

of

770

PAR

T ID

NA

ME

DIV

/LO

CST

ATU

SD

ATE

OF

TER

MIN

ATI

ON

TRA

NSA

CTI

ON

DA

TEC

ON

TRIB

UTI

ON

SO

UR

CE

CO

NTR

IBU

TIO

NA

MO

UN

TXX

X-XX

-999

9FO

RFE

ITU

RE

- SU

SPEN

SE A

CC

Activ

e12

/10/

2010

EM

PLO

YEE

PRE-

TAX

MAT

CH

($4.

09)

XXX-

XX-9

999

FOR

FEIT

UR

E - S

USP

ENSE

AC

CAc

tive

12/1

6/20

10

EMPL

OYE

E PR

E-TA

X M

ATC

H($

41.1

3)

Sub

tota

l EM

PLO

YEE

PRE-

TAX

MA

TCH

($45

.22)

XXX-

XX-1

111

SAM

PLE,

JO

EAB

CD

Activ

e01

/15/

2010

EM

PLO

YEE

PRE-

TAX

$778

.99

XXX-

XX-1

111

SAM

PLE,

JO

EAB

CD

Activ

e02

/17/

2010

EM

PLO

YEE

PRE-

TAX

$620

.35

XXX-

XX-1

111

SAM

PLE,

JO

EAB

CD

Activ

e03

/18/

2010

EM

PLO

YEE

PRE-

TAX

$592

.88

XXX-

XX-1

111

SAM

PLE,

JO

EAB

CD

Activ

e01

/15/

2010

EM

PLO

YEE

PRE-

TAX

$634

.49

XXX-

XX-1

111

SAM

PLE,

JO

EAB

CD

Activ

e02

/17/

2010

EM

PLO

YEE

PRE-

TAX

$527

.95

XXX-

XX-1

111

SAM

PLE,

JO

EAB

CD

Activ

e03

/18/

2010

EM

PLO

YEE

PRE-

TAX

$524

.34

XXX-

XX-1

111

SAM

PLE,

JO

EAB

CD

Activ

e04

/15/

2010

EM

PLO

YEE

PRE-

TAX

$527

.95

XXX-

XX-1

111

SAM

PLE,

JO

EAB

CD

Activ

e05

/15/

2010

EM

PLO

YEE

PRE-

TAX

$649

.86

XXX-

XX-1

111

SAM

PLE,

JO

EAB

CD

Activ

e06

/15/

2010

EM

PLO

YEE

PRE-

TAX

$525

.55

XXX-

XX-1

111

SAM

PLE,

JO

EAB

CD

Activ

e07

/14/

2010

EM

PLO

YEE

PRE-

TAX

$526

.75

XXX-

XX-1

111

SAM

PLE,

JO

EAB

CD

Activ

e08

/17/

2010

EM

PLO

YEE

PRE-

TAX

$665

.91

XXX-

XX-1

111

SAM

PLE,

JO

EAB

CD

Activ

e09

/11/

2010

EM

PLO

YEE

PRE-

TAX

$522

.93

XXX-

XX-1

111

SAM

PLE,

JO

EAB

CD

Activ

e10

/16/

2010

EM

PLO

YEE

PRE-

TAX

$798

.70

XXX-

XX-1

111

SAM

PLE,

JO

EAB

CD

Activ

e11

/13/

2010

EM

PLO

YEE

PRE-

TAX

$671

.44

XXX-

XX-1

111

SAM

PLE,

JO

EAB

CD

Activ

e12

/17/

2010

EM

PLO

YEE

PRE-

TAX

$543

.98

XXX-

XX-1

111

SAM

PLE,

JO

EAB

CD

Activ

e01

/15/

2010

EM

PLO

YEE

PRE-

TAX

$491

.32

XXX-

XX-1

111

SAM

PLE,

JO

EAB

CD

Activ

e02

/17/

2010

EM

PLO

YEE

PRE-

TAX

$405

.13

XXX-

XX-1

111

SAM

PLE,

JO

EAB

CD

Activ

e03

/18/

2010

EM

PLO

YEE

PRE-

TAX

$401

.91

XXX-

XX-1

111

SAM

PLE,

JO

EAB

CD

Activ

e04

/15/

2010

EM

PLO

YEE

PRE-

TAX

$402

.67

XXX-

XX-1

111

SAM

PLE,

JO

EAB

CD

Activ

e05

/15/

2010

EM

PLO

YEE

PRE-

TAX

$495

.47

XXX-

XX-1

111

SAM

PLE,

JO

EAB

CD

Activ

e06

/15/

2010

EM

PLO

YEE

PRE-

TAX

$385

.10

XXX-

XX-1

111

SAM

PLE,

JO

EAB

CD

Activ

e07

/14/

2010

EM

PLO

YEE

PRE-

TAX

$404

.93

XXX-

XX-1

111

SAM

PLE,

JO

EAB

CD

Activ

e08

/17/

2010

EM

PLO

YEE

PRE-

TAX

$433

.84

XXX-

XX-1

111

SAM

PLE,

JO

EAB

CD

Activ

e09

/11/

2010

EM

PLO

YEE

PRE-

TAX

$287

.04

XXX-

XX-1

111

SAM

PLE,

JO

EAB

CD

Term

inat

ed09

/08/

2009

10/1

6/20

10

EMPL

OYE

E PR

E-TA

X$5

46.4

4XX

X-XX

-111

1 SA

MPL

E, J

OE

ABC

DEl

igib

le01

/15/

2010

EM

PLO

YEE

PRE-

TAX

$570

.08

XXX-

XX-1

111

SAM

PLE,

JO

EAB

CD

Elig

ible

02/1

7/20

10

EMPL

OYE

E PR

E-TA

X$3

41.0

3XX

X-XX

-111

1 SA

MPL

E, J

OE

ABC

DEl

igib

le03

/18/

2010

EM

PLO

YEE

PRE-

TAX

$329

.26

XXX-

XX-1

111

SAM

PLE,

JO

EAB

CD

Elig

ible

04/1

5/20

10

EMPL

OYE

E PR

E-TA

X$3

37.0

7XX

X-XX

-111

1 SA

MPL

E, J

OE

ABC

DEl

igib

le05

/15/

2010

EM

PLO

YEE

PRE-

TAX

$427

.32

XXX-

XX-1

111

SAM

PLE,

JO

EAB

CD

Elig

ible

06/1

5/20

10

EMPL

OYE

E PR

E-TA

X$3

39.8

2XX

X-XX

-111

1 SA

MPL

E, J

OE

ABC

DEl

igib

le07

/14/

2010

EM

PLO

YEE

PRE-

TAX

$335

.62

XXX-

XX-1

111

SAM

PLE,

JO

EAB

CD

Elig

ible

08/1

7/20

10

EMPL

OYE

E PR

E-TA

X$4

58.1

2XX

X-XX

-111

1 SA

MPL

E, J

OE

ABC

DEl

igib

le09

/11/

2010

EM

PLO

YEE

PRE-

TAX

$337

.53

XXX-

XX-1

111

SAM

PLE,

JO

EAB

CD

Elig

ible

10/1

6/20

10

EMPL

OYE

E PR

E-TA

X$3

52.8

9XX

X-XX

-111

1 SA

MPL

E, J

OE

ABC

DEl

igib

le11

/13/

2010

EM

PLO

YEE

PRE-

TAX

$440

.08

XXX-

XX-1

111

SAM

PLE,

JO

EAB

CD

Elig

ible

12/1

7/20

10

EMPL

OYE

E PR

E-TA

X$4

24.7

3

73

APPENDIX A

Con

trib

utio

n R

epor

t

Act

ivity

for t

he R

epor

ting

Perio

d:01

/01/

2010

to 1

2/31

/201

0

AB

C S

AM

PLE

UN

IVE

RS

ITY

403

(B) R

ETIR

EMEN

T PL

AN- P

lan

# 10

0000

Priv

ate

& C

onfid

entia

l 1

/16/

2011

03:

04 P

MPa

ge77

0 o

f77

0

PAR

T ID

NA

ME

DIV

/LO

CST

ATU

SD

ATE

OF

TER

MIN

ATI

ON

TRA

NSA

CTI

ON

DA

TEC

ON

TRIB

UTI

ON

SO

UR

CE

CO

NTR

IBU

TIO

NA

MO

UN

TXX

X-XX

-111

1 SA

MPL

E, J

OE

ABC

DAc

tive

12/1

7/20

10EM

PLO

YER

MAT

CH

$179

.36

Sub

tota

l EM

PLO

YER

MA

TCH

$2,4

41,9

76.5

2

TO

TAL

$8,8

93,6

70.5

6

74

APPENDIX A

New

Loa

n Is

sued

Rep

ort

Part

icip

ant L

oans

AB

C S

AM

PLE

UN

IVER

SITY

Act

ivity

for t

he R

epor

ting

Perio

d:01

/01/

2009

to 1

2/31

/200

9

AB

C S

AM

PLE

UN

IVE

RS

ITY

403

(B) R

ETIR

EMEN

T PL

AN- P

lan

# 10

0000

Priv

ate

& C

onfid

entia

l 1

1/16

/201

0 03

:04

PMPa

ge1

of

3

ITEM

CO

UN

TPA

RT

IDN

AM

ED

IV/L

OC

LOA

N #

LOA

N IS

SUE

DA

TE

FIR

STPA

YMEN

TD

ATE

NEX

TPA

YMEN

T D

UE

DA

TE

LAST

PA

YMEN

T D

UE

DA

TELO

AN

AM

OU

NT

INTE

RES

TR

ATE

PAYM

ENT

FREQ

UEN

CY

PAYM

ENT

AM

OU

NT

1XX

X-XX

-111

1SA

MPL

E, J

OE

ABC

D00

201

/21/

2009

04/2

2/20

0911

/25/

2009

01/1

5/20

14$1

1,95

3.87

6.00

%W

EEKL

Y$5

3.80

2XX

X-XX

-111

1SA

MPL

E, J

OE

ABC

D00

112

/22/

2009

03/2

2/20

1003

/22/

2010

12/1

6/20

13$3

,200

.00

4.25

%W

EEKL

Y$1

7.85

3XX

X-XX

-111

1SA

MPL

E, J

OE

ABC

D00

103

/17/

2009

06/1

2/20

0906

/11/

2009

03/1

4/20

14$3

5,00

0.00

6.00

%W

EEKL

Y$1

63.9

34

XXX-

XX-1

111

SAM

PLE,

JAN

EAB

CD

002

08/2

0/20

0911

/20/

2009

12/0

3/20

0908

/17/

2012

$2,9

00.0

04.

25%

WEE

KLY

$21.

575

XXX-

XX-1

111

SAM

PLE,

JO

EAB

CD

003

09/1

6/20

0912

/14/

2009

12/1

4/20

0909

/12/

2011

$5,4

50.4

84.

25%

WEE

KLY

$62.

126

XXX-

XX-1

111

SAM

PLE,

JAN

EAB

CD

001

08/3

1/20

0911

/27/

2009

12/0

2/20

0908

/29/

2014

$12,

000.

004.

25%

WEE

KLY

$53.

787

XXX-

XX-1

111

SAM

PLE,

JO

EAB

CD

002

01/3

0/20

0904

/29/

2009

12/0

2/20

0901

/25/

2012

$8,0

00.0

06.

00%

WEE

KLY

$59.

488

XXX-

XX-1

111

SAM

PLE,

JO

EAB

CD

001

12/0

9/20

0903

/05/

2010

03/0

5/20

1012

/09/

2011

$2,0

00.0

04.

25%

WEE

KLY

$22.

559

XXX-

XX-1

111

SAM

PLE,

JO

EAB

CD

001

04/0

7/20

0907

/02/

2009

12/0

3/20

0904

/03/

2014

$14,

000.

004.

25%

WEE

KLY

$62.

7410

XXX-

XX-1

111

SAM

PLE,

JO

EAB

CD

002

08/1

9/20

0911

/13/

2009

12/0

3/20

0908

/19/

2011

$1,2

99.9

94.

25%

WEE

KLY

$14.

6611

XXX-

XX-1

111

SAM

PLE,

JAN

EAB

CD

001

12/0

4/20

0903

/05/

2010

03/0

5/20

1011

/28/

2014

$3,0

00.0

04.

25%

WEE

KLY

$13.

5012

XXX-

XX-1

111

SAM

PLE,

JO

EAB

CD

001

07/1

6/20

0910

/13/

2009

12/0

1/20

0907

/15/

2014

$35,

000.

004.

25%

WEE

KLY

$156

.89

13XX

X-XX

-111

1SA

MPL

E, J

OE

ABC

D00

108

/20/

2009

11/2

0/20

0912

/03/

2009

08/1

5/20

14$1

0,00

0.00

4.25

%W

EEKL

Y$4

5.00

14XX

X-XX

-111

1SA

MPL

E, J

OE

ABC

D00

202

/27/

2009

05/2

9/20

0912

/03/

2009

02/2

4/20

12$4

,000

.00

6.00

%W

EEKL

Y$2

9.75

15XX

X-XX

-111

1SA

MPL

E, J

OE

ABC

D00

107

/22/

2009

10/2

0/20

0912

/01/

2009

07/2

2/20

14$2

,230

.48

4.25

%W

EEKL

Y$1

0.00

16XX

X-XX

-111

1SA

MPL

E, J

OE

ABC

D00

101

/13/

2009

04/1

5/20

0912

/02/

2009

01/1

3/20

10$1

,300

.00

6.00

%W

EEKL

Y$3

3.38

17XX

X-XX

-111

1SA

MPL

E, J

OE

ABC

D00

105

/11/

2009

08/1

1/20

0912

/01/

2009

05/0

6/20

14$1

5,99

3.69

6.85

%W

EEKL

Y$7

1.98

18XX

X-XX

-111

1SA

MPL

E, J

OE

ABC

D00

210

/21/

2009

01/2

0/20

1002

/11/

2010

10/1

5/20

14$7

,000

.00

4.25

%W

EEKL

Y$6

3.03

19XX

X-XX

-111

1SA

MPL

E, J

ANE

ABC

D00

111

/18/

2009

02/1

2/20

1002

/11/

2010

11/1

1/20

11$2

,700

.00

4.25

%W

EEKL

Y$3

0.76

20XX

X-XX

-111

1SA

MPL

E, J

OE

ABC

D00

112

/28/

2009

03/2

9/20

1003

/29/

2010

12/2

2/20

14$5

,000

.00

4.25

%W

EEKL

Y$2

2.50

21XX

X-XX

-111

1SA

MPL

E, J

OE

ABC

D00

109

/14/

2009

12/1

4/20

0912

/14/

2009

09/0

8/20

14$4

,383

.22

4.25

%W

EEKL

Y$1

9.73

22XX

X-XX

-111

1SA

MPL

E, J

OE

ABC

D00

104

/08/

2009

07/0

2/20

0912

/03/

2009

04/0

8/20

10$1

,200

.00

4.25

%W

EEKL

Y$3

0.05

23XX

X-XX

-111

1SA

MPL

E, J

ANE

ABC

D00

212

/30/

2009

03/2

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24XX

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E, J

ANE

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D00

208

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0912

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08/0

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25XX

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E, J

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D00

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/06/

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26XX

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102

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27XX

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E, J

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D00

105

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28XX

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1SA

MPL

E, J

OE

ABC

D00

103

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X-XX

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1SA

MPL

E, J

OE

ABC

D00

101

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75

APPENDIX A

New

Loa

n Is

sued

Rep

ort

Plan

Loa

ns

AB

C S

AM

PLE

UN

IVER

SITY

Act

ivity

for t

he R

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76

APPENDIX A

Loan

Act

ivity

Rep

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Part

icip

ant L

oans

Act

ivity

for t

he R

epor

ting

Perio

d:01

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to 1

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316

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323

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VE32

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9

77

APPENDIX A

Loan

Act

ivity

Rep

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Plan

Loa

ns

AB

C S

AM

PLE

UN

IVER

SITY

Act

ivity

for t

he R

epor

ting

Perio

d:01

/01/

2010

to 1

2/31

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C S

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PLE

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78

APPENDIX A

Out

stan

ding

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n R

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tPa

rtic

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ns

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ding

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259

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2008

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261

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2008

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VE26

2XX

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VE26

4XX

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3AC

TIVE

265

XXX-

XX-1

111

SAM

PLE,

JO

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CD

00

108

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2007

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2010

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26/2

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34.8

1AC

TIVE

266

XXX-

XX-1

111

SAM

PLE,

JO

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2009

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2010

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ACTI

VE26

7XX

X-XX

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MPL

E, J

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ACTI

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268

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111

SAM

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270

XXX-

XX-1

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2009

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TIVE

271

XXX-

XX-1

111

SAM

PLE,

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00

205

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2007

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2010

05/

31/2

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79.6

4AC

TIVE

272

XXX-

XX-1

111

SAM

PLE,

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207

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2008

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2010

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273

XXX-

XX-1

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2010

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TIVE

274

XXX-

XX-1

111

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2006

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2010

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4AC

TIVE

275

XXX-

XX-1

111

SAM

PLE,

JO

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2009

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2010

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2AC

TIVE

276

XXX-

XX-1

111

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PLE,

JO

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VE27

7XX

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MPL

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001

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ACTI

VE27

8XX

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OE

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279

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2008

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2010

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68.4

8AC

TIVE

280

XXX-

XX-1

111

SAM

PLE,

JO

EAB

CD

00

101

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2009

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93.6

112

/02/

2010

01/

19/2

011

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3AC

TIVE

281

XXX-

XX-1

111

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PLE,

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CD

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2008

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2010

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TIVE

282

XXX-

XX-1

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2007

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283

XXX-

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111

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2006

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ACTI

VE28

4XX

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MPL

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ABC

D

001

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2/20

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ACTI

VE28

5XX

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ACTI

VE28

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50%

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VE

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L$1

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79

APPENDIX A

Out

stan

ding

Loa

n R

epor

tPl

an L

oans

AB

C S

AM

PLE

UN

IVER

SITY

For t

he P

erio

d En

ding

12/

31/2

010

AB

C S

AM

PLE

UN

IVE

RS

ITY

403

(B) R

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EMEN

T PL

AN- P

lan

# 10

0000

Priv

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& C

onfid

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l 1

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2011

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APPENDIX A

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umbe

r of p

artic

ipan

ts w

ith a

ccou

nts

bala

nces

at e

nd o

f Pla

n ye

ar23

73

6hN

umbe

r of p

artic

ipan

ts th

at te

rmin

ated

em

ploy

men

t dur

ing

the

plan

yea

r with

acc

rued

ben

efits

that

wer

e le

ss th

an 1

00%

ves

ted

0

86

Plan

ID R

epor

t

AB

C S

AM

PLE

UN

IVER

SITY

For t

he P

erio

d En

ding

12/

31/2

010

AB

C S

AM

PLE

UN

IVE

RS

ITY

403

(B) R

ETIR

EMEN

T PL

AN- P

lan

# 10

0000

Priv

ate

& C

onfid

entia

l 1

/16/

2011

03:

04 P

MPa

ge1

of

1

REP

OR

TIN

G P

LAN

ID

PLA

N ID

(s) I

NC

LUD

EDPL

AN

NA

ME

100

000

1000

00

A

BC

SA

MP

LE U

NIV

ER

SIT

Y 4

03(B

)RET

IREM

ENT

PLAN

APPENDIX A

87

APPENDIX A

Mis

sing

Dat

es R

epor

t

For t

he P

erio

d En

ding

12/

31/2

010

AB

C S

AM

PLE

UN

IVE

RS

ITY

403

(B) R

ETIR

EMEN

T PL

AN- P

lan

# 10

0000

Priv

ate

& C

onfid

entia

l 1

/16/

2011

03:

04 P

MPa

ge4

of

4

PAR

T ID

NA

ME

DIV

/LO

CST

ATU

SD

ATE

OF

BIR

THD

ATE

OF

HIR

ED

ATE

OF

ENTR

YD

ATE

OF

TER

MIN

ATI

ON

DA

TE O

FR

EHIR

ED

ATE

OF

DEA

THXX

X-XX

-111

1 SA

MPL

E, J

OE

ABC

D

Term

inat

ed11

/15/

1971

09/1

1/20

0009

/11/

2000

04/1

5/19

99XX

X-XX

-111

1 SA

MPL

E, J

OE

ABC

D

Term

inat

ed08

/07/

1950

04/2

5/20

0204

/25/

2002

XXX-

XX-1

111

SAM

PLE,

JO

EAB

CD

Te

rmin

ated

05/2

5/19

6904

/17/

1998

04/1

7/19

9803

/08/

1998

XXX-

XX-1

111

SAM

PLE,

JO

EAB

CD

Te

rmin

ated

10/1

2/19

7312

/19/

2005

12/1

9/20

05

88

APPENDIX A

Ass

et A

lloca

tion

Stat

istic

s

AB

C S

AM

PLE

UN

IVER

SITY

For t

he P

erio

d En

ding

12/

31/2

010

AB

C S

AM

PLE

UN

IVE

RS

ITY

403

(B) R

ETIR

EMEN

T PL

AN- P

lan

# 10

0000

Priv

ate

& C

onfid

entia

l 1

/16/

2011

03:

04 P

MPa

ge1

of

4

1.32

%5.

82%

4.64

%1.

59%

1.23

%1.

33%

7.76

%

16.5

9%

0.16

%

6.64

%

0.03

%0.

03%

2.16

%

0.59

%

2.45

%

1.24

%2.

07%

0.46

%2.

49%

1.42

%

3.15

%

5.11

%

0.00

%

4.58

%24

.51%

2.63

%

CR

EF B

ond

Mar

ket

CR

EF G

row

th

CR

EF In

flatio

n-Li

nked

Bon

dC

REF

Mon

ey M

arke

t

CR

EF S

tock

Parti

cipa

nt L

oan

Fund

TIAA

Rea

l Est

ate

TIAA

Tra

ditio

nal

TIAA

-CR

EF E

q In

dex-

Rtm

t

TIAA

-CR

EF In

tl Eq

Idx-

Rtm

tTI

AA-C

REF

Lfc

yle

Rtm

t Inc

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t

TIAA

-CR

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g-C

ap V

al-R

tmt

TIAA

-CR

EF L

ifecy

cle

2010

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t

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cle

2015

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AA-C

REF

Life

cycl

e 20

20-R

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cle

2025

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2030

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t

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cle

2035

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tTI

AA-C

REF

Life

cycl

e 20

40-R

tmt

TIAA

-CR

EF L

ifecy

cle

2045

-Rtm

t

TIAA

-CR

EF L

ifecy

cle

2050

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tTI

AA-C

REF

Man

aged

Allo

c-R

tmt

TIAA

-CR

EF S

elf D

irect

ed A

cct

TIAA

-CR

EF S

m-C

ap B

l Idx

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t

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ocia

l Ch

Eq-R

tmt

TIAA

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EF S

&P 5

00 Id

x-R

tmt

Tota

l Pla

n

89

APPENDIX A

Ass

et A

lloca

tion

Stat

istic

s

AB

C S

AM

PLE

UN

IVER

SITY

For t

he P

erio

d En

ding

12/

31/2

010

AB

C S

AM

PLE

UN

IVE

RS

ITY

403

(B) R

ETIR

EMEN

T PL

AN- P

lan

# 10

0000

Priv

ate

& C

onfid

entia

l 1

/16/

2011

03:

04 P

MPa

ge2

of

4

189

402

453

221

117

91

704

900

4

461 15 16

292

200 60

144

132 85 83 47 170

517

1,01

7

127

649

2

CR

EF B

ond

Mar

ket

CR

EF G

row

th

CR

EF In

flatio

n-Li

nked

Bon

d

CR

EF M

oney

Mar

ket

CR

EF S

tock

Parti

cipa

nt L

oan

Fund

TIAA

Rea

l Est

ate

TIAA

Tra

ditio

nal

TIAA

-CR

EF E

q In

dex-

Rtm

t

TIAA

-CR

EF In

tl Eq

Idx-

Rtm

t

TIAA

-CR

EF L

fcyl

e R

tmt I

nc-R

tmt

TIAA

-CR

EF L

g-C

ap V

al-R

tmt

TIAA

-CR

EF L

ifecy

cle

2010

-Rtm

t

TIAA

-CR

EF L

ifecy

cle

2015

-Rtm

t

TIAA

-CR

EF L

ifecy

cle

2020

-Rtm

t

TIAA

-CR

EF L

ifecy

cle

2025

-Rtm

tTI

AA-C

REF

Life

cycl

e 20

30-R

tmt

TIAA

-CR

EF L

ifecy

cle

2035

-Rtm

t

TIAA

-CR

EF L

ifecy

cle

2040

-Rtm

t

TIAA

-CR

EF L

ifecy

cle

2045

-Rtm

tTI

AA-C

REF

Life

cycl

e 20

50-R

tmt

TIAA

-CR

EF M

anag

ed A

lloc-

Rtm

t

TIAA

-CR

EF S

elf D

irect

ed A

cct

TIAA

-CR

EF S

m-C

ap B

l Idx

-Rtm

t

TIAA

-CR

EF S

ocia

l Ch

Eq-R

tmt

TIAA

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EF S

&P 5

00 Id

x-R

tmt

By N

umbe

r of P

artic

ipan

ts

90

Ass

et A

lloca

tion

Stat

istic

s

AB

C S

AM

PLE

UN

IVER

SITY

For t

he P

erio

d En

ding

12/

31/2

010

AB

C S

AM

PLE

UN

IVE

RS

ITY

403

(B) R

ETIR

EMEN

T PL

AN- P

lan

# 10

0000

Priv

ate

& C

onfid

entia

l 1

/16/

2011

03:

04 P

MPa

ge3

of

4

Age

Brac

ket

Unk

now

n18

-29

30-3

940

-49

50-5

960

& O

ver

0M5M10M

15M

20M

25M

30M

35M

40M

CR

EF B

ond

Mar

ket

CR

EF G

row

th

CR

EF In

flatio

n-Li

nked

Bon

d

CR

EF M

oney

Mar

ket

CR

EF S

tock

Parti

cipa

nt L

oan

Fund

TIAA

Rea

l Est

ate

TIAA

Tra

ditio

nal

TIAA

-CR

EF E

q In

dex-

Rtm

t

TIAA

-CR

EF In

tl Eq

Idx-

Rtm

t

TIAA

-CR

EF L

fcyl

e R

tmt I

nc-R

tmt

TIAA

-CR

EF L

g-C

ap V

al-R

tmt

TIAA

-CR

EF L

ifecy

cle

2010

-Rtm

t

TIAA

-CR

EF L

ifecy

cle

2015

-Rtm

t

TIAA

-CR

EF L

ifecy

cle

2020

-Rtm

tTI

AA-C

REF

Life

cycl

e 20

25-R

tmt

TIAA

-CR

EF L

ifecy

cle

2030

-Rtm

t

TIAA

-CR

EF L

ifecy

cle

2035

-Rtm

tTI

AA-C

REF

Life

cycl

e 20

40-R

tmt

TIAA

-CR

EF L

ifecy

cle

2045

-Rtm

t

TIAA

-CR

EF L

ifecy

cle

2050

-Rtm

t

TIAA

-CR

EF M

anag

ed A

lloc-

Rtm

tTI

AA-C

REF

Sel

f Dire

cted

Acc

t

TIAA

-CR

EF S

m-C

ap B

l Idx

-Rtm

t

TIAA

-CR

EF S

ocia

l Ch

Eq-R

tmt

TIAA

-CR

EF S

&P 5

00 Id

x-R

tmt

By A

ge

APPENDIX A

91

APPENDIX A

Ass

et A

lloca

tion

Stat

istic

s

AB

C S

AM

PLE

UN

IVER

SITY

For t

he P

erio

d En

ding

12/

31/2

010

AB

C S

AM

PLE

UN

IVE

RS

ITY

403

(B) R

ETIR

EMEN

T PL

AN- P

lan

# 10

0000

Priv

ate

& C

onfid

entia

l 1

/16/

2011

03:

04 P

MPa

ge4

of

4

Loca

tion

BEAV

BRIG

CR

NC

DFA

RR G

ENEH

OSP

INF

LEN

O MEA

DMER

C MH

CM

IMA M

OTH

MSP

NPC

CL PR

OVPR

PLSC

SSP

FLSP

HSSP

RU ST

LUUnk

now

n VIN

CW

STF

0M10M

20M

30M

40M

50M

60M

CR

EF B

ond

Mar

ket

CR

EF G

row

th

CR

EF In

flatio

n-Li

nked

Bon

d

CR

EF M

oney

Mar

ket

CR

EF S

tock

Parti

cipa

nt L

oan

Fund

TIAA

Rea

l Est

ate

TIAA

Tra

ditio

nal

TIAA

-CR

EF E

q In

dex-

Rtm

t

TIAA

-CR

EF In

tl Eq

Idx-

Rtm

t

TIAA

-CR

EF L

fcyl

e R

tmt I

nc-R

tmt

TIAA

-CR

EF L

g-C

ap V

al-R

tmt

TIAA

-CR

EF L

ifecy

cle

2010

-Rtm

t

TIAA

-CR

EF L

ifecy

cle

2015

-Rtm

t

TIAA

-CR

EF L

ifecy

cle

2020

-Rtm

t

TIAA

-CR

EF L

ifecy

cle

2025

-Rtm

tTI

AA-C

REF

Life

cycl

e 20

30-R

tmt

TIAA

-CR

EF L

ifecy

cle

2035

-Rtm

t

TIAA

-CR

EF L

ifecy

cle

2040

-Rtm

t

TIAA

-CR

EF L

ifecy

cle

2045

-Rtm

tTI

AA-C

REF

Life

cycl

e 20

50-R

tmt

TIAA

-CR

EF M

anag

ed A

lloc-

Rtm

t

TIAA

-CR

EF S

elf D

irect

ed A

cct

TIAA

-CR

EF S

m-C

ap B

l Idx

-Rtm

t

TIAA

-CR

EF S

ocia

l Ch

Eq-R

tmt

TIAA

-CR

EF S

&P 5

00 Id

x-R

tmt

By L

ocat

ion

92

APPENDIX A

Nea

ring

Ret

irem

ent A

ge R

epor

t

For t

he P

erio

d En

ding

12/

31/2

010

AB

C S

AM

PLE

UN

IVE

RS

ITY

403

(B) R

ETIR

EMEN

T PL

AN- P

lan

# 10

0000

Priv

ate

& C

onfid

entia

l 1

/16/

2011

03:

04 P

MPa

ge5

of

5

PAR

T ID

NA

ME

DIV

/LO

CST

ATU

SD

ATE

OF

BIR

THA

GE

MO

NTH

S U

NTI

L R

ETIR

EDEX

PEC

TED

RET

IREM

ENT

DA

TEVE

STED

AC

CO

UN

T B

ALA

NC

EXX

X-XX

-111

1 SA

MPL

E, J

OE

ABC

D

Activ

e12

/26/

1936

740

12/2

6/20

01$2

7,21

2.01

XXX-

XX-1

111

SAM

PLE,

JO

EAB

CD

Ac

tive

08/0

8/19

4268

008

/08/

2007

$7,9

16.5

9XX

X-XX

-111

1 SA

MPL

E, J

OE

ABC

D

Activ

e06

/21/

1942

680

06/2

1/20

07$4

8,42

3.00

XXX-

XX-1

111

SAM

PLE,

JO

EAB

CD

Ac

tive

06/1

1/19

4169

006

/11/

2006

$220

,535

.91

XXX-

XX-1

111

SAM

PLE,

JO

EAB

CD

Ac

tive

09/2

3/19

4565

909

/23/

2010

$12,

006.

08XX

X-XX

-111

1 SA

MPL

E, J

OE

ABC

D

Activ

e09

/26/

1942

680

09/2

6/20

07$3

3,55

3.96

XXX-

XX-1

111

SAM

PLE,

JO

EAB

CD

Ac

tive

09/2

8/19

4169

009

/28/

2006

$173

,800

.43

XXX-

XX-1

111

SAM

PLE,

JO

EAB

CD

Ac

tive

06/2

3/19

3971

006

/23/

2004

$34,

050.

78XX

X-XX

-111

1 SA

MPL

E, J

OE

ABC

D

Activ

e06

/09/

1944

660

06/0

9/20

09$2

00,8

39.2

3XX

X-XX

-111

1 SA

MPL

E, J

OE

ABC

D

Activ

e09

/07/

1944

660

09/0

7/20

09$3

5,50

2.71

XXX-

XX-1

111

SAM

PLE,

JO

EAB

CD

Ac

tive

11/2

1/19

4466

011

/21/

2009

$21,

492.

92XX

X-XX

-111

1 SA

MPL

E, J

OE

ABC

D

Activ

e10

/28/

1943

670

10/2

8/20

08$1

7,97

0.21

XXX-

XX-1

111

SAM

PLE,

JO

EAB

CD

Ac

tive

04/2

0/19

4367

004

/20/

2008

$22,

552.

58XX

X-XX

-111

1 SA

MPL

E, J

OE

ABC

D

Activ

e09

/18/

1935

750

09/1

8/20

00$3

2,81

6.30

XXX-

XX-1

111

SAM

PLE,

JO

EAB

CD

Ac

tive

12/1

5/19

4367

012

/15/

2008

$5,8

61.6

3XX

X-XX

-111

1 SA

MPL

E, J

OE

ABC

D

Activ

e11

/29/

1939

710

11/2

9/20

04$6

5,62

5.90

XXX-

XX-1

111

SAM

PLE,

JO

EAB

CD

Ac

tive

08/3

1/19

4367

008

/31/

2008

$14,

617.

61

93

APPENDIX A

Min

imum

Dis

trib

utio

n M

onito

ring

Rep

ort

For t

he P

erio

d En

ding

12/

31/2

010

AB

C S

AM

PLE

UN

IVE

RS

ITY

403

(B) R

ETIR

EMEN

T PL

AN- P

lan

# 10

0000

Priv

ate

& C

onfid

entia

l 1

/16/

2011

03:

04 P

MPa

ge2

of

2

ITEM

CO

UN

TPA

RT

IDN

AM

ED

IV/L

OC

STA

TUS

DA

TE O

F B

IRTH

DA

TE O

F TE

RM

INA

TIO

NC

UR

REN

T A

CC

OU

NT

BA

LAN

CE

YTD

PR

E-TA

XC

ON

TRIB

UTI

ON

SVE

STED

TO

TAL

AC

CO

UN

T B

ALA

NC

E30

XXX

-XX-

1111

SA

MPL

E, J

OE

ABC

D

Term

inat

ed02

/01/

1932

12/3

1/20

08$1

3,07

7.32

$0.0

0$1

3,07

7.32

31 X

XX-X

X-11

11

SAM

PLE,

JO

EAB

CD

Act

ive

09/0

1/19

37$6

9,22

8.24

$681

.14

$69,

228.

2432

XXX

-XX-

1111

SA

MPL

E, J

OE

ABC

D

A

ctiv

e09

/20/

1937

$28,

583.

39$1

,778

.06

$28,

583.

3933

XXX

-XX-

1111

SA

MPL

E, J

OE

ABC

D

Term

inat

ed03

/06/

1928

01/0

4/19

99$8

,171

.55

$0.0

0$8

,171

.55

34 X

XX-X

X-11

11

SAM

PLE,

JO

EAB

CD

Act

ive

03/3

1/19

36$3

4,85

4.74

$3,3

29.5

1$3

4,85

4.74

35 X

XX-X

X-11

11

SAM

PLE,

JO

EAB

CD

Te

rmin

ated

06/1

1/19

3401

/04/

1998

$12,

526.

68$0

.00

$12,

526.

6836

XXX

-XX-

1111

SA

MPL

E, J

OE

ABC

D

Term

inat

ed07

/24/

1938

10/0

3/19

96$9

,532

.41

$0.0

0$9

,532

.41

37 X

XX-X

X-11

11

SAM

PLE,

JO

EAB

CD

Ac

tive

10/1

1/19

39$5

0,92

3.38

$34.

73$5

0,92

3.38

38 X

XX-X

X-11

11

SAM

PLE,

JO

EAB

CD

Te

rmin

ated

10/0

6/19

3412

/17/

2004

$21,

735.

84$0

.00

$21,

735.

8439

XXX

-XX-

1111

SA

MPL

E, J

OE

ABC

D

Activ

e10

/09/

1939

$40,

047.

22$1

,505

.22

$40,

047.

2240

XXX

-XX-

1111

SA

MPL

E, J

OE

ABC

D

Activ

e03

/25/

1939

$24,

552.

63$1

,203

.00

$24,

552.

6341

XXX

-XX-

1111

SA

MPL

E, J

OE

ABC

D

Activ

e07

/18/

1936

$125

,319

.56

$9,5

03.6

5$1

25,3

19.5

642

XXX

-XX-

1111

SA

MPL

E, J

OE

ABC

D

Term

inat

ed06

/14/

1939

01/0

4/19

98$2

4,89

1.11

$0.0

0$2

4,89

1.11

43 X

XX-X

X-11

11

SAM

PLE,

JO

EAB

CD

Te

rmin

ated

11/0

1/19

3401

/04/

1998

$9,0

06.5

9$0

.00

$9,0

06.5

944

XXX

-XX-

1111

SA

MPL

E, J

OE

ABC

D

Term

inat

ed08

/18/

1939

$3,6

12.9

7$0

.00

$3,6

12.9

745

XXX

-XX-

1111

SA

MPL

E, J

OE

ABC

D

Term

inat

ed05

/01/

1937

$162

.00

$0.0

0$1

62.0

046

XXX

-XX-

1111

SA

MPL

E, J

OE

ABC

D

Activ

e03

/12/

1939

$24,

387.

84$0

.00

$24,

387.

8447

XXX

-XX-

1111

SA

MPL

E, J

OE

ABC

D

Activ

e02

/22/

1937

$107

,417

.36

$711

.57

$107

,417

.36

48 X

XX-X

X-11

11

SAM

PLE,

JO

EAB

CD

Ac

tive

10/3

1/19

39$2

1.37

$0.0

0$2

1.37

49 X

XX-X

X-11

11

SAM

PLE,

JO

EAB

CD

Ac

tive

08/0

4/19

39$5

9,18

0.09

$0.0

0$5

9,18

0.09

50 X

XX-X

X-11

11

SAM

PLE,

JO

EAB

CD

Ac

tive

06/0

1/19

26$6

27.0

9$0

.00

$627

.09

51 X

XX-X

X-11

11

SAM

PLE,

JO

EAB

CD

Te

rmin

ated

05/2

2/19

3802

/01/

2004

$55,

448.

04$0

.00

$55,

448.

0452

XXX

-XX-

1111

SA

MPL

E, J

OE

ABC

D

Activ

e12

/26/

1936

$27,

212.

01$8

79.9

6$2

7,21

2.01

53 X

XX-X

X-11

11

SAM

PLE,

JO

EAB

CD

Ac

tive

06/2

3/19

39$3

4,05

0.78

$0.0

0$3

4,05

0.78

54 X

XX-X

X-11

11

SAM

PLE,

JO

EAB

CD

Ac

tive

09/1

8/19

35$3

2,81

6.30

$0.0

0$3

2,81

6.30

55 X

XX-X

X-11

11

SAM

PLE,

JO

EAB

CD

Ac

tive

11/2

9/19

39$6

5,62

5.90

$891

.95

$65,

625.

90

TOTA

L$1

,798

,745

.23

$37,

933.

85$1

,798

,745

.23

94

APPENDIX A

Smal

l Cas

h O

ut M

onito

ring

Rep

ort

For t

he P

erio

d En

ding

12/

31/2

010

AB

C S

AM

PLE

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IVE

RS

ITY

403

(B) R

ETIR

EMEN

T PL

AN- P

lan

# 10

0000

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ate

& C

onfid

entia

l 1

/16/

2011

03:

04 P

MPa

ge4

of

4

PAR

T ID

NA

ME

DIV

/LO

CST

ATU

SD

ATE

OF

BIR

THD

ATE

OF

HIR

ED

ATE

OF

REH

IRE

DA

TE O

F TE

RM

INA

TIO

NVE

STED

TO

TAL

AC

CO

UN

T B

ALA

NC

EXX

X-XX

-111

1SA

MPL

E, J

OE

ABC

D

Term

inat

ed01

/16/

1959

07/0

2/20

0102

/27/

2001

$2.8

7XX

X-XX

-111

1SA

MPL

E, J

OE

ABC

D

Term

inat

ed01

/27/

1973

07/1

0/20

0008

/03/

2001

$88.

98XX

X-XX

-111

1SA

MPL

E, J

OE

ABC

D

Term

inat

ed09

/23/

1981

08/1

6/20

0403

/02/

2005

$164

.15

XXX-

XX-1

111

SAM

PLE,

JO

EAB

CD

Te

rmin

ated

10/2

6/19

6005

/18/

1998

03/1

6/20

01$4

5.87

XXX-

XX-1

111

SAM

PLE,

JO

EAB

CD

Te

rmin

ated

11/0

6/19

4110

/12/

1987

05/0

4/20

07$3

53.5

5XX

X-XX

-111

1SA

MPL

E, J

OE

ABC

D

Term

inat

ed08

/12/

1966

12/0

4/20

0006

/30/

2007

$59.

11XX

X-XX

-111

1SA

MPL

E, J

OE

ABC

D

Term

inat

ed11

/17/

1975

05/1

4/20

0710

/24/

2008

$732

.58

XXX-

XX-1

111

SAM

PLE,

JO

EAB

CD

Te

rmin

ated

07/2

4/19

4703

/16/

1998

12/1

4/20

04$1

27.5

1XX

X-XX

-111

1SA

MPL

E, J

OE

ABC

D

Term

inat

ed07

/25/

1942

12/0

8/19

7602

/02/

2007

$934

.65

XXX-

XX-1

111

SAM

PLE,

JO

EAB

CD

Te

rmin

ated

02/2

1/19

6107

/28/

2003

04/1

4/20

06$3

.36

TOTA

L$2

2,15

5.48

95

APPENDIX A

Dis

trib

utio

n Ta

x In

form

atio

n R

epor

t

Act

ivity

for t

he R

epor

ting

Perio

d:01

/01/

2009

to 1

2/31

/200

9

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C S

AM

PLE

UN

IVE

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ITY

403

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ETIR

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lan

# 10

0000

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ate

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0 03

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ge38

of

39

TOTA

L D

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OU

NT

1099

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OD

EFE

DER

AL T

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OU

NT

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HH

ELD

ST

ATE

TAX

AMO

UN

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ITH

HEL

D

EMPL

OYE

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ON

TRIB

UTI

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OR

INSU

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CE

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IUM

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($9,

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9$4

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$4,6

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NA

ME:

SAM

PLE,

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ED

ATE

OF

BIR

TH:

06/1

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ID:

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111

DA

TE O

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ecea

sed

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TRY:

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RES

S:12

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DER

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OR

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($4,

000.

00)

7$0

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NA

ME:

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PLE,

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ED

ATE

OF

BIR

TH:

02/2

0/19

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RT

ID:

XXX-

XX-1

111

DA

TE O

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06/0

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spen

ded

DA

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TRY:

06/0

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DD

RES

S:12

34 A

BC

AVE

NU

EN

EW Y

OR

K, N

Y 11

1111

111

DA

TE O

F TE

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INA

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N:

DA

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F R

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E:D

IV/L

OC

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BC

D

TOTA

L D

ISTR

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NAM

OU

NT

1099

RD

ISTR

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NC

OD

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DER

AL T

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($4,

230.

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30.1

3

NA

ME:

SAM

PLE,

JO

ED

ATE

OF

BIR

TH:

05/1

9/19

63PA

RT

ID:

XXX-

XX-1

111

DA

TE O

F H

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05/2

7/20

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ATU

S:Te

rmin

ated

DA

TE O

F EN

TRY:

05/2

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03A

DD

RES

S:12

34 A

BC

AVE

NU

EN

EW Y

OR

K, N

Y 11

1111

111

DA

TE O

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INA

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N:

12/0

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OF

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DIV

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C:

AB

CD

TOTA

L D

ISTR

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NT

1099

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OR

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RAN

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PREM

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STA

XABL

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($8,

685.

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1$0

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0$8

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NA

ME:

SAM

PLE,

JO

ED

ATE

OF

BIR

TH:

06/0

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76PA

RT

ID:

XXX-

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111

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01/2

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rmin

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DA

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TRY:

01/2

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97

96

APPENDIX A

Dis

trib

utio

n Ta

x In

form

atio

n R

epor

t

Act

ivity

for t

he R

epor

ting

Perio

d:01

/01/

2009

to 1

2/31

/200

9

AB

C S

AM

PLE

UN

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403

(B) R

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# 10

0000

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onfid

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0 03

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of

39

AD

DR

ESS:

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C A

VEN

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TER

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D

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NA

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PLE,

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ED

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OF

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TH:

09/0

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ID:

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97

APPENDIX A

Sum

mar

y of

Fee

s an

d C

ompe

nsat

ion

for Y

our P

lan

AB

C S

AM

PLE

UN

IVER

SITY

Act

ivity

for t

he R

epor

ting

Perio

d:01

/01/

2010

to 1

2/31

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0

AB

C S

AM

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98

APPENDIX A

Inve

stm

ent F

ee &

Exp

ense

Dis

clos

ure

AB

C S

AM

PLE

UN

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SITY

Act

ivity

for t

he R

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ting

Perio

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2010

to 1

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0

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PLE

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,610

,685

.42

0.36

0%

$12,

998.

470.

250%

$9,0

26.7

1TI

AA-C

REF

Eq

Inde

x-R

tmt

XVTI

QR

XEq

uitie

s $2

,073

,659

.80

0.33

0%

$6,8

43.0

80.

250%

$5,1

84.1

5C

REF

Gro

wth

X7

CG

RW

#Eq

uitie

s $1

,256

,140

.20

0.46

5%

$5,8

41.0

50.

360%

$4,5

22.1

0TI

AA-C

REF

S&P

500

Idx-

Rtm

t XR

TRSP

XEq

uitie

s $1

,043

,730

.97

0.31

0%

$3,2

35.5

70.

250%

$2,6

09.3

3TI

AA-C

REF

Mid

-Cap

Val

Idx-

Rtm

t XK

TRVU

XEq

uitie

s $0

.00

0.36

0%

$0.0

00.

250%

$0.0

0TI

AA-C

REF

Mid

-Cap

Gr I

dx-R

tmt

XITR

MG

XEq

uitie

s $0

.00

0.35

0%

$0.0

00.

250%

$0.0

0C

REF

Bon

d M

arke

t X5

CBN

D#

Fixe

d In

com

e $4

,585

,972

.92

0.45

5%

$20,

866.

180.

360%

$16,

509.

50C

REF

Infla

tion-

Link

ed B

ond

X9C

ILB#

Fixe

d In

com

e $9

67,1

74.0

10.

450%

$4

,352

.28

0.36

0%$3

,481

.83

TIAA

Tra

ditio

nal

1 TI

AA#

Gua

rant

eed

$19,

311,

570.

880.

580%

$1

12,0

07.1

10.

430%

$83,

039.

75C

REF

Mon

ey M

arke

t X3

CM

MA#

Mon

ey M

arke

t $1

,045

,532

.64

0.41

5%

$4,3

38.9

60.

360%

$3,7

63.9

2TI

AA-C

REF

Man

aged

Allo

c-R

tmt

XXTI

TRX

Mul

ti-As

set

$5,2

36,1

10.8

40.

710%

$3

7,17

6.39

0.25

0%$1

3,09

0.28

TIAA

-CR

EF L

ifecy

cle

2010

-Rtm

t L1

TCLE

XM

ulti-

Asse

t $2

,478

,592

.43

0.66

0%

$16,

358.

710.

250%

$6,1

96.4

8TI

AA-C

REF

Life

cycl

e 20

20-R

tmt

L3TC

LTX

Mul

ti-As

set

$1,9

62,7

74.1

30.

690%

$1

3,54

3.14

0.25

0%$4

,906

.94

TIAA

-CR

EF L

ifecy

cle

2030

-Rtm

t L5

TCLN

XM

ulti-

Asse

t $1

,933

,719

.25

0.71

0%

$13,

729.

410.

250%

$4,8

34.3

0TI

AA-C

REF

Life

cycl

e 20

40-R

tmt

L7TC

LOX

Mul

ti-As

set

$1,7

01,2

02.8

20.

720%

$1

2,24

8.66

0.25

0%$4

,253

.01

TIAA

-CR

EF L

ifecy

cle

2015

-Rtm

t L2

TCLI

XM

ulti-

Asse

t $1

,118

,525

.32

0.67

0%

$7,4

94.1

20.

250%

$2,7

96.3

1TI

AA-C

REF

Life

cycl

e 20

25-R

tmt

L4TC

LFX

Mul

ti-As

set

$974

,734

.14

0.70

0%

$6,8

23.1

40.

250%

$2,4

36.8

4TI

AA-C

REF

Life

cycl

e 20

35-R

tmt

L6TC

LRX

Mul

ti-As

set

$466

,926

.93

0.72

0%

$3,3

61.8

70.

250%

$1,1

67.3

2TI

AA-C

REF

Life

cycl

e 20

45-R

tmt

L9TT

FRX

Mul

ti-As

set

$26,

482.

000.

730%

$1

93.3

20.

250%

$66.

21TI

AA-C

REF

Life

cycl

e 20

50-R

tmt

LBTL

FRX

Mul

ti-As

set

$21,

042.

080.

720%

$1

51.5

00.

250%

$52.

61TI

AA-C

REF

Lfc

yle

Rtm

t Inc

-Rtm

t LD

TLIR

XM

ulti-

Asse

t $8

4.63

0.63

0%

$0.5

30.

250%

$0.2

1TI

AA-C

REF

Sel

f Dire

cted

Acc

t SD

SDA0

1#O

ther

$1

28,8

91.9

00.

000%

$0

.00

0.00

0%$0

.00

TIAA

Rea

l Est

ate

X1TR

EA#

Rea

l Est

ate

$359

,046

.65

1.01

0%

$3,6

26.3

70.

450%

$1,6

15.7

1

ESTI

MA

TED

TO

TAL

/ AVE

RA

GE

$77,

174,

635.

960.

540%

$416

,615

.25

0.32

5%$2

51,1

12.7

1

1Ex

pens

era

tios

are

from

the

mos

trec

entp

rosp

ectu

ses

avai

labl

eto

TIAA

prio

rto

the

date

ofth

ere

porti

ngpe

riod.

99

APPENDIX A

TOTA

L D

IREC

T FE

ES P

AID

TO

TIA

A-C

REF

AN

D B

UN

DLE

D S

ERVI

CE

PRO

VID

ERS

$6,7

49.6

5

Dire

ct F

ees

Paid

from

Pla

n A

sset

s

AB

C S

AM

PLE

UN

IVER

SITY

Act

ivity

for t

he R

epor

ting

Perio

d:01

/01/

2010

to 1

2/31

/201

0

AB

C S

AM

PLE

UN

IVE

RS

ITY

403

(B) R

ETIR

EMEN

T PL

AN- P

lan

# 10

0000

P

rivat

e &

Con

fiden

tial

1/16

/201

1 03

:04

PMPa

ge4

of

4

DIR

ECT

FEES

PA

ID T

O T

IAA

-CR

EF A

ND

BU

ND

LED

SER

VIC

E PR

OVI

DER

SFE

E TY

PETR

AN

SAC

TIO

N D

ATE

AM

OU

NT

10/0

5/20

09$7

5.00

10/0

6/20

09$7

5.00

10/2

0/20

09$1

50.0

010

/21/

2009

$75.

0011

/18/

2009

$75.

0011

/19/

2009

$75.

0012

/04/

2009

$75.

0012

/08/

2009

$75.

0012

/09/

2009

$150

.00

12/1

1/20

09$7

5.00

12/1

4/20

09$7

5.00

12/1

7/20

09$7

5.00

12/2

2/20

09$1

50.0

012

/23/

2009

$75.

0012

/28/

2009

$75.

0012

/30/

2009

$150

.00

Subt

otal

Loan

Issu

ance

Fee

$6,4

50.0

0

Red

empt

ion

Fee

Loan

Insu

ranc

e Fe

e

01/0

5/20

09$8

.69

03/0

3/20

09$2

01.9

904

/30/

2009

$53.

97

Subt

otal

Red

empt

ion

Fee

$264

.65

Self-

Dire

cted

Bro

kera

ge -

Tran

sact

ion

Fee

01/0

8/20

09$3

5.00

Subt

otal

Self-

Dire

cted

Bro

kera

ge -

Tran

sact

ion

Fee

$35.

00

100

APPENDIX A

Serv

ice

Prov

ider

Sum

mar

y

AB

C S

AM

PLE

UN

IVER

SITY

Act

ivity

for t

he R

epor

ting

Perio

d:01

/01/

2010

to 1

2/31

/201

0

AB

C S

AM

PLE

UN

IVE

RS

ITY

403

(B) R

ETI

RE

ME

NT

PLA

N- P

lan

# 10

0000

Priv

ate

& C

onfid

entia

l 1

/16/

2011

03:

04 P

MP

age

1 o

f 3

SER

VIC

E PR

OVI

DER

FUN

DID

EIN

AD

DR

ESS

FEE

CA

TEG

OR

YFE

E O

R C

OM

PEN

SATI

ON

D

ESC

RIP

TIO

NA

MO

UN

TTI

AA

- Te

ache

rs In

sura

nce

and

Ann

uity

A

ssoc

iatio

n of

Am

eric

a13

-162

4203

TIA

A-

Teac

hers

Insu

ranc

ean

dA

nnui

tyA

ssoc

iatio

nof

Am

eric

a,73

0Th

irdA

ve.

New

Yor

k,N

Y10

017-

3206

Dire

ctLo

an Is

suan

ce F

ee$6

,450

.00

Dire

ctS

elf-D

irect

ed B

roke

rage

- Tr

ansa

ctio

n Fe

e$3

5.00

SV

EIC

Inve

stm

ent F

ee &

Exp

ense

$112

,007

.11

X1

EIC

Inve

stm

ent F

ee &

Exp

ense

$3,6

26.3

7E

IC

Pla

n S

ervi

ces

Exp

ense

$166

,457

.23

EIC

Sel

f-Dire

cted

Bro

kera

ge -

Rec

ordk

eepi

ng

Offs

et$1

5.40

EIC

Tran

sact

iona

l Fun

d E

arni

ngs

(TFE

)$1

,452

.42

Tota

l TIA

A -

Teac

hers

Insu

ranc

e an

d A

nnui

ty A

ssoc

iatio

n of

Am

eric

a$2

90,0

43.5

3

TIA

A-C

RE

F M

utua

l Fun

ds -

Teac

hers

A

dvis

ors,

Inc.

XX

13-3

7600

73TI

AA

-CR

EF

Mut

ualF

unds

-Te

ache

rsA

dvis

ors,

Inc.

,73

0Th

irdA

ve.N

ewY

ork,

NY

1001

7-32

06E

ICIn

vest

men

t Fee

& E

xpen

se$3

7,17

6.39

XE

EIC

Inve

stm

ent F

ee &

Exp

ense

$29,

789.

57X

ME

ICIn

vest

men

t Fee

& E

xpen

se$2

1,39

9.90

XQ

EIC

Inve

stm

ent F

ee &

Exp

ense

$16,

837.

10L1

EIC

Inve

stm

ent F

ee &

Exp

ense

$16,

358.

71L5

EIC

Inve

stm

ent F

ee &

Exp

ense

$13,

729.

41L3

EIC

Inve

stm

ent F

ee &

Exp

ense

$13,

543.

14X

CE

ICIn

vest

men

t Fee

& E

xpen

se$1

2,99

8.47

L7E

ICIn

vest

men

t Fee

& E

xpen

se$1

2,24

8.66

L2E

ICIn

vest

men

t Fee

& E

xpen

se$7

,494

.12

XV

EIC

Inve

stm

ent F

ee &

Exp

ense

$6,8

43.0

8L4

EIC

Inve

stm

ent F

ee &

Exp

ense

$6,8

23.1

4L6

EIC

Inve

stm

ent F

ee &

Exp

ense

$3,3

61.8

7X

RE

ICIn

vest

men

t Fee

& E

xpen

se$3

,235

.57

L9E

ICIn

vest

men

t Fee

& E

xpen

se$1

93.3

2LB

EIC

Inve

stm

ent F

ee &

Exp

ense

$151

.50

LDE

ICIn

vest

men

t Fee

& E

xpen

se$0

.53

XK

EIC

Inve

stm

ent F

ee &

Exp

ense

$0.0

0X

IE

ICIn

vest

men

t Fee

& E

xpen

se$0

.00

101

APPENDIX A

5500

Rep

orta

ble

- Sch

edul

e of

Ass

ets

Hel

d fo

r Inv

estm

ent

Tota

l Pla

n A

sset

s U

nder

Man

agem

ent

ABC

SAM

PLE

UN

IVER

SITY

For t

he P

erio

d En

ding

12/

31/2

010

AB

C S

AM

PLE

UN

IVE

RS

ITY

403

(B) R

ETIR

EMEN

T PL

AN- P

lan

# 10

0000

Priv

ate

& C

onfid

entia

l 1

/16/

2011

03:

04 P

MPa

ge1

of

2

FUN

D ID

TIC

KER

INVE

STM

ENT

NA

ME

END

ING

INVE

STM

ENT

PRIC

EEN

DIN

GU

NIT

BA

LAN

CE

END

ING

MA

RK

ET V

ALU

EEN

DIN

GC

OST

VA

LUE

Insu

ranc

e C

ompa

ny G

ener

al C

ontr

act

SVTS

AF#

TIAA

TR

ADIT

ION

AL$1

9,31

1,57

0.88

$17,

825,

652.

69

Subt

otal

Insu

ranc

e C

ompa

ny G

ener

al C

ontr

act

$19,

311,

570.

88$1

7,82

5,65

2.69

Pool

ed S

epar

ate

Acc

ount

X1TR

EA#

TIAA

Rea

l Est

ate

$193

.453

900

1,85

5.98

04$3

59,0

46.6

5$5

02,1

27.9

8

Subt

otal

Poo

led

Sepa

rate

Acc

ount

$359

,046

.65

$502

,127

.98

Reg

iste

red

Inve

stm

ent C

ompa

nyX2

CST

K#

C

REF

Sto

ck$2

08.2

5470

062

,768

.917

4$1

3,07

1,92

2.06

$13,

248,

236.

95

X3C

MM

A#

C

REF

Mon

ey M

arke

t$2

5.53

2600

40,9

48.9

296

$1,0

45,5

32.6

4$1

,024

,292

.78

X5C

BND

#

C

REF

Bon

d M

arke

t$9

1.30

6200

50,2

26.3

036

$4,5

85,9

72.9

2$4

,044

,456

.28

X7C

GR

W#

CR

EF G

row

th$6

2.19

8400

20,1

95.6

996

$1,2

56,1

40.2

0$1

,186

,692

.11

X9C

ILB#

CR

EF In

flatio

n-Li

nked

Bon

d$5

5.49

9400

17,4

26.7

473

$967

,174

.01

$904

,783

.97

L1TC

LEX

TIAA

-CR

EF L

ifecy

cle

2010

-Rtm

t$1

0.12

0000

244,

920.

1998

$2,4

78,5

92.4

3$2

,566

,721

.15

L2TC

LIX

TIAA

-CR

EF L

ifecy

cle

2015

-Rtm

t$1

0.05

0000

111,

296.

0529

$1,1

18,5

25.3

2$1

,150

,380

.49

L3TC

LTX

TIAA

-CR

EF L

ifecy

cle

2020

-Rtm

t$9

.890

000

198,

460.

4779

$1,9

62,7

74.1

3$2

,019

,461

.92

L4TC

LFX

TIAA

-CR

EF L

ifecy

cle

2025

-Rtm

t$9

.700

000

100,

488.

0563

$974

,734

.14

$968

,628

.60

L5TC

LNX

TIAA

-CR

EF L

ifecy

cle

2030

-Rtm

t$9

.510

000

203,

335.

3571

$1,9

33,7

19.2

5$2

,068

,152

.25

L6TC

LRX

TIAA

-CR

EF L

ifecy

cle

2035

-Rtm

t$9

.500

000

49,1

50.2

027

$466

,926

.93

$456

,604

.83

L7TC

LOX

TIAA

-CR

EF L

ifecy

cle

2040

-Rtm

t$9

.670

000

175,

925.

8354

$1,7

01,2

02.8

2$1

,742

,365

.47

L9TT

FRX

TIAA

-CR

EF L

ifecy

cle

2045

-Rtm

t$7

.340

000

3,60

7.90

33$2

6,48

2.00

$23,

533.

91

LBTL

FRX

TIAA

-CR

EF L

ifecy

cle

2050

-Rtm

t$7

.360

000

2,85

8.97

89$2

1,04

2.08

$18,

940.

79

LDTL

IRX

TIAA

-CR

EF L

fcyl

e R

tmt I

nc-R

tmt

$8.9

4000

09.

4667

$84.

63$8

3.13

XCTR

IEX

TIAA

-CR

EF In

tl Eq

Idx-

Rtm

t$1

5.91

0000

226,

944.

4015

$3,6

10,6

85.4

2$4

,058

,327

.93

XETR

LCX

TIAA

-CR

EF L

g-C

ap V

al-R

tmt

$11.

1700

0036

0,39

5.49

71$4

,025

,617

.70

$4,8

90,8

34.7

7

XMTR

BIX

TIAA

-CR

EF S

m-C

ap B

l Idx

-Rtm

t$1

1.04

0000

553,

827.

6216

$6,1

14,2

56.9

4$7

,570

,901

.43

XQTR

SCX

TIAA

-CR

EF S

ocia

l Ch

Eq-R

tmt

$9.5

3000

038

4,07

5.47

65$3

,660

,239

.30

$3,9

05,2

32.2

9

102

APPENDIX A

5500

Rep

orta

ble –

Stat

emen

t of C

hang

es to

Net

Ass

ets

Tota

l Rep

orta

ble

Plan

Ass

ets

Und

er M

anag

emen

t – S

umm

ary

by In

vest

men

t Cla

ss

AB

C S

AM

PLE

UN

IVER

SITY

Act

ivity

for t

he R

epor

ting

Perio

d:01

/01/

2010

to 1

2/31

/201

0

AB

C S

AM

PLE

UN

IVE

RS

ITY

403

(B) R

ETIR

EMEN

T PL

AN- P

lan

# 10

0000

Priv

ate

& C

onfid

entia

l 1

/16/

2011

03:

04 P

MPa

ge1

of

1

INSU

RA

NC

E C

OM

PAN

Y G

ENER

AL

CO

NTR

AC

T P

OO

LED

SEP

AR

ATE

A

CC

OU

NT

REG

ISTE

RED

IN

VEST

MEN

TC

OM

PAN

Y S

ELF-

DIR

ECTE

D

AC

CO

UN

T P

AR

TIC

IPA

NT

LOA

N

FUN

D

TOTA

LR

EPO

RTA

BLE

FOR

M 5

500

Mar

ket V

alue

at t

he B

egin

ning

of t

he P

erio

d$1

7,41

4,74

7.18

$429

,426

.50

$41,

607,

776.

89$1

23,9

05.2

0$1

,481

,487

.45

$61,

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22

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ition

s to

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ets

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butio

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79

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47,6

62.8

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$1,8

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otal

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tribu

tions

$2

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$80,

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55$6

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$0.0

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l Add

ition

s to

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Ass

ets

$2,0

04,5

66.2

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0,69

6.55

$6,8

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,893

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Inve

stm

ent I

ncom

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Ear

ning

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63.6

3$0

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$1,3

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5,97

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artic

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4,91

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$841

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13$0

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$562

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0($

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t Inc

ome

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1,07

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educ

tions

from

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8.99

)

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uity

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fer (

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$925

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ut)

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$0.0

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$0.0

0$0

.00

P

lan

to P

lan

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sfer

In $

1,37

3.08

$40

4.67

$23

,152

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$0.

00 $

0.00

$24,

930.

51

Pla

n to

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n Tr

ansf

er (O

ut)

$0.0

0$0

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0$0

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P

artic

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sued

$0.0

0$0

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)$0

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50.0

0

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ticip

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cipa

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3,36

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tal T

rans

fers

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634.

19$6

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($30

5,07

4.08

)($

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91.5

1)$2

54,3

21.8

9$3

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ket V

alue

at t

he E

nd o

f the

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iod

$19,

311,

570.

88$3

59,0

46.6

5$5

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5,12

6.53

$128

,891

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4$7

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ash

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d in

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erve

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0$0

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icip

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alan

ce a

t the

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of t

he P

erio

d $1

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7.81

$359

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.65

$57,

375,

126.

88$1

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91.9

0$1

,630

,267

.04

$78,

804,

900.

28

103

APPENDIX A

FILI

NG

SU

MM

AR

Y FO

R S

CH

EDU

LE A

AB

C S

AM

PLE

UN

IVER

SITY

Act

ivity

for t

he R

epor

ting

Perio

d:01

/01/

2010

to 1

2/31

/201

0

AB

C S

AM

PLE

UN

IVE

RS

ITY

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(B) R

ETIR

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T PL

AN- P

lan

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ate

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ge1

of

1

Part

I Li

ne 1

: C

over

age

Info

rmat

ion

Nam

e of

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ranc

e ca

rrier

(Ent

er o

n Li

ne 1

a)TI

AA-C

REF

Empl

oyer

Iden

tific

atio

n N

umbe

r (En

ter o

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iona

l Ass

ocia

tion

of In

sura

nce

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mis

sion

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code

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n Li

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c)69

345

Con

tract

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dent

ifica

tion

num

ber (

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prox

imat

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mbe

r of p

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over

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olic

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tract

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ter o

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sura

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fee

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com

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info

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)$0

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Part

I Li

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: Pe

rson

s re

ceiv

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com

mis

sion

s an

d fe

es

Nam

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d ad

dres

s of

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agen

t, br

oker

, or o

ther

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son

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com

mis

sion

s or

fees

wer

e pa

id(E

nter

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Line

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<No

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Req

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ount

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paid

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b)<N

o En

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equi

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pai

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nt (E

nter

on

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<No

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Req

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d>Fe

es p

aid –

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ose

(Ent

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o En

try R

equi

red>

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pai

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Org

aniz

atio

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de (E

nter

on

Line

3e)

<No

Entry

Req

uire

d>

Part

II L

ines

4 a

nd 5

: In

vest

men

t and

Ann

uity

Con

trac

t Inf

orm

atio

nC

urre

nt v

alue

of p

lan'

s in

tere

st u

nder

this

con

tract

in th

e ge

nera

l acc

ount

at y

ear e

nd (E

nter

on

Line

4)

$19,

311,

570.

88C

urre

nt v

alue

of p

lan'

s in

tere

st u

nder

this

con

tract

in s

epar

ate

acco

unts

at y

ear e

nd (E

nter

on

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5)

$21,

285,

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48

Part

II L

ine

6 : C

ontr

acts

With

Allo

cate

d Fu

nds

<No

Entry

Req

uire

d>

Part

II L

ine

7 : C

ontr

acts

With

Una

lloca

ted

Fund

sTy

pe o

f con

tract

(Ent

er o

n Li

ne 7

a)3

- Gua

rant

eed

Inve

stm

ent

Bala

nce

at th

e en

d of

the

prev

ious

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r (En

ter o

n Li

ne 7

b)$1

7,41

4,74

7.18

Con

tribu

tions

dep

osite

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ring

the

year

(Ent

er o

n Li

ne 7

c(1)

)$2

,004

,566

.25

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iden

ds a

nd c

redi

ts (E

nter

on

Line

7c(

2))

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0In

tere

st c

redi

ted

durin

g th

e ye

ar (E

nter

on

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7c(

3))

$483

,482

.85

Tran

sfer

red

from

sep

arat

e ac

coun

t (En

ter o

n Li

ne 7

c(4)

)$1

,703

,083

.44

Oth

er (E

nter

on

Line

7c(

5))

$159

,850

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Dis

burs

ed fr

om fu

nd to

pay

ben

efits

or p

urch

ase

annu

ities

dur

ing

the

year

(Ent

er o

n Li

ne 7

e(1)

)($

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773.

25)

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inis

tratio

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mad

e by

car

rier (

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Line

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sfer

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epar

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$0.0

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e at

the

end

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e cu

rrent

yea

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ter o

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ne 7

f)$1

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1,57

0.88

Part

III L

ine

8, 9

and

10

: Wel

fare

Ben

efit

Con

trac

t Inf

orm

atio

n<N

o En

try R

equi

red>

Part

IV L

ine

11 a

nd L

ine

12 :

Prov

isio

n of

Info

rmat

ion

Com

plet

e on

ly if

insu

ranc

e co

mpa

ny fa

iled

topr

ovid

e in

form

atio

n to

com

plet

e Sc

hedu

le A

104

APPENDIX A

FILI

NG

SU

MM

AR

Y FO

R S

CH

EDU

LE C

AB

C S

AM

PLE

UN

IVER

SITY

Act

ivity

for t

he R

epor

ting

Perio

d:01

/01/

2010

to 1

2/31

/201

0

"For

add

ition

al g

uida

nce

on c

ompl

etin

g Fo

rm 5

500

Sche

dule

C, r

efer

to th

e TI

AA-C

REF

Ser

vice

& F

ee D

iscl

osur

e G

uide

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pend

ix A

and

B"

AB

C S

AM

PLE

UN

IVE

RS

ITY

403

(B) R

ETIR

EMEN

T PL

AN- P

lan

# 10

0000

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ate

& C

onfid

entia

l 1

/16/

2011

03:

04 P

MPa

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of

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Part

I, L

ine

1 : I

nfor

mat

ion

on P

erso

ns R

ecei

ving

Onl

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igib

le In

dire

ct C

ompe

nsat

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(Ent

er o

n Li

ne 1

a)

Yes

Ente

r nam

e an

d EI

N o

r add

ress

of p

erso

n w

ho p

rovi

ded

you

disc

losu

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on e

ligib

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dire

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ompe

nsat

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(Ent

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)TI

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nfor

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on O

ther

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Pro

vide

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pens

atio

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d EI

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r add

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(Ent

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AA -

Teac

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Insu

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d An

nuity

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p to

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mpl

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r per

son

know

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ter d

irect

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id b

y th

e pl

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id s

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(Ent

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n Li

ne e

)Ye

sD

id in

dire

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incl

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elig

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indi

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com

pens

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r whi

ch th

e pl

an re

ceiv

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e re

quire

d di

sclo

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s? (E

nter

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f)Ye

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ter t

otal

indi

rect

com

pens

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n re

ceiv

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y se

rvic

e pr

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xclu

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com

pens

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r whi

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ou a

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f). I

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u a

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nter

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h)

No

Part

I, L

ine

3 : S

ervi

ce P

rovi

der I

nfor

mat

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(Con

tinue

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ter s

ervi

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ame

as it

app

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on

line

1 (E

nter

on

Line

a)

Serv

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code

(s) (

Ente

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b)

Ente

r am

ount

of i

ndire

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ompe

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(ent

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n Li

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o en

try re

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dEn

ter n

ame

and

EIN

(add

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ourc

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indi

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com

pens

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nter

on

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d)

Des

crib

e th

e in

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ompe

nsat

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prov

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's el

igib

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for o

r the

am

ount

of t

he

indi

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com

pens

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nter

on

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e)

Part

I, L

ine

4 : S

ervi

ce P

rovi

ders

Who

Fai

l or R

efus

e to

Pro

vide

Info

rmat

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Ente

r nam

e an

d EI

N o

r add

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of s

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rovi

der (

see

inst

ruct

ions

) (En

ter o

n Li

ne a

)N

atur

e of

Ser

vice

Cod

e(s)

(Ent

er o

n Li

ne b

)N

o en

try re

quire

dD

escr

ibe

the

info

rmat

ion

that

the

serv

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prov

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faile

d or

refu

sed

to p

rovi

de (E

nter

on

Line

c)

Part

II :

Term

inat

ion

Info

rmat

ion

on A

ccou

ntan

ts a

nd E

nrol

led

Act

uarie

sN

ame

(Ent

er o

n Li

ne a

)EI

N (E

nter

on

Line

b)

Posi

tion

(Ent

er o

n Li

ne c

)To

be

com

plet

ed b

y Pl

an S

pons

orAd

dres

s (E

nter

on

Line

d)

Tele

phon

e N

o. a

nd E

xpla

natio

n (E

nter

on

Line

e)

Expl

anat

ion

(Ent

er in

spa

ce p

rovi

ded)

105

APPENDIX A

FILI

NG

SU

MM

AR

Y FO

R S

CH

EDU

LE -

D

AB

C S

AM

PLE

UN

IVER

SITY

Act

ivity

for t

he R

epor

ting

Perio

d:01

/01/

2010

to 1

2/31

/201

0

AB

C S

AM

PLE

UN

IVE

RS

ITY

403

(B) R

ETIR

EMEN

T PL

AN- P

lan

# 10

0000

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ate

& C

onfid

entia

l 1

/16/

2011

03:

04 P

MPa

ge1

of

1

Part

I : I

nfor

mat

ion

on in

tere

sts

in M

aste

r Tru

st In

vest

men

t Acc

ount

s, C

omm

on /

Col

lect

ive

Trus

ts, P

oole

d Se

para

te

A

ccou

nts,

and

103

-12

Inve

stm

ent E

ntiti

es (t

o be

com

plet

ed b

y pl

ans

and

Dire

ct F

iling

Ent

ities

)

Nam

e of

MTI

A, C

CT,

PSA

or 1

03-1

2 IE

(Ent

er o

n Li

ne a

)TI

AA R

eal E

stat

eN

ame

of s

pons

or o

f ent

ity li

sted

in (a

) (En

ter o

n Li

ne b

)TI

AA-C

REF

Empl

oyer

Iden

tific

atio

n N

umbe

r-Pla

n/En

tity

Num

ber (

Ente

r on

Line

c)

13 1

6242

03-0

04En

tity

Cod

e (E

nter

on

Line

d)

PD

olla

r val

ue o

f int

eres

t in

MTI

A, C

CT,

PSA

, or 1

03-1

2 IE

at e

nd o

f yea

r (En

ter o

n Li

ne e

)$3

59,0

46.6

5

Part

II :

Info

rmat

ion

on P

artic

ipan

t Pla

ns (t

o be

com

plet

ed b

y D

irect

Fili

ng E

ntiti

es)

Do

not m

ake

an e

ntry

in P

art I

I

106

APPENDIX A

FILI

NG

SU

MM

AR

Y FO

R S

CH

EDU

LE H

AB

C S

AM

PLE

UN

IVER

SITY

Act

ivity

for t

he R

epor

ting

Perio

d:01

/01/

2010

to 1

2/31

/201

0

AB

C S

AM

PLE

UN

IVE

RS

ITY

403

(B) R

ETIR

EMEN

T PL

AN- P

lan

# 10

0000

Priv

ate

& C

onfid

entia

l 1

/16/

2011

0 03

:04

PMPa

ge1

of

1

Part

I: A

sset

and

Lia

bilit

y St

atem

ent :

Ass

ets

Ope

ning

Loa

n Fu

nd T

otal

(Ent

er A

mou

nt o

n Li

ne 1

c(8)

Col

umn

(a))

$1,4

81,4

87.4

5C

losi

ng L

oan

Fund

Tot

al (E

nter

Am

ount

on

Line

1c(

8) C

olum

n(b)

)$1

,630

,267

.04

Ope

ning

Com

mon

/Col

lect

ive

Trus

t Tot

al (E

nter

Am

ount

on

Line

1c(

9) C

olum

n (a

))$0

.00

Clo

sing

Com

mon

/Col

lect

ive

Trus

t Tot

al (E

nter

Am

ount

on

Line

1c(

9) C

olum

n (b

))$0

.00

Ope

ning

Poo

led

Sepa

rate

Acc

ount

Tot

al (E

nter

Am

ount

on

Line

1c(

10) C

olum

n (a

))$4

29,4

26.5

0C

losi

ng P

oole

d Se

para

te A

ccou

nt T

otal

(Ent

er A

mou

nt o

n Li

ne 1

c(10

) Col

umn

(b))

$359

,046

.65

Ope

ning

Mas

ter T

rust

Inve

stm

ent A

ccou

nt T

otal

(Ent

er A

mou

nt o

n Li

ne 1

c(11

) Col

umn

(a))

$0.0

0C

losi

ng M

aste

r Tru

st In

vest

men

t Acc

ount

Tot

al (E

nter

Am

ount

on

Line

1c(

11) C

olum

n (b

))$0

.00

Ope

ning

103

-12

Inve

stm

ent E

ntity

Tot

al (E

nter

Am

ount

on

Line

1c(

12) C

olum

n (a

))$0

.00

Clo

sing

103

-12

Inve

stm

ent E

ntity

Tot

al (E

nter

Am

ount

on

Line

1c(

12) C

olum

n (b

))$0

.00

Ope

ning

Reg

iste

red

Inve

stm

ent C

ompa

nies

Tot

al (E

nter

Am

ount

on

Line

1c(

13) C

olum

n (a

))$4

1,60

7,77

6.89

Clo

sing

Reg

iste

red

Inve

stm

ent C

ompa

nies

Tot

al (E

nter

Am

ount

on

Line

1c(

13) C

olum

n (b

))$5

7,37

5,12

6.53

Ope

ning

Insu

ranc

e C

ompa

ny G

ener

al A

ccou

nt (U

nallo

cate

d co

ntra

cts)

(Ent

er A

mou

nt o

n Li

ne 1

c(14

) Col

umn

(a))

$17,

414,

747.

18C

losi

ng In

sura

nce

Com

pany

Gen

eral

Acc

ount

(Una

lloca

ted

cont

ract

s) (E

nter

Am

ount

on

Line

1c(

14) C

olum

n (b

))$1

9,31

1,57

0.88

Ope

ning

Sel

f Dire

cted

Acc

ount

s To

tal (

Ente

r Am

ount

on

Line

1c(

15) C

olum

n (a

))$1

23,9

05.2

0C

losi

ng S

elf D

irect

ed A

ccou

nts

Tota

l (En

ter A

mou

nt o

n Li

ne 1

c(15

) Col

umn

(b))

$128

,891

.90

Part

II: I

ncom

e an

d Ex

pens

e St

atem

ent:

Inco

me

Plan

Con

tribu

tions

– E

mpl

oyer

(Ent

er A

mou

nt o

n Li

ne 2

a(1)

(A))

$2,4

41,9

76.5

2Pl

an C

ontri

butio

ns –

Em

ploy

ee (E

nter

Am

ount

on

Line

2a(

1)(B

))$6

,404

,739

.25

Plan

Con

tribu

tions

– O

ther

s (E

nter

Am

ount

on

Line

2a(

1)(C

))$4

6,95

4.79

Parti

cipa

nt L

oan

Fund

ear

ning

s (E

nter

Am

ount

on

Line

2b(

1)(E

))$1

09,6

40.8

9In

tere

st: O

ther

(Ent

er A

mou

nt o

n Li

ne 2

b(1)

(F))

$483

,482

.85

Plan

Reg

iste

red

Inve

stm

ent C

ompa

nies

div

iden

ds (E

nter

Am

ount

on

Line

2b(

2)(C

))$5

62,6

05.2

9Pl

an C

omm

on/C

olle

ctiv

e Tr

ust e

arni

ngs

(Ent

er A

mou

nt o

n Li

ne 2

b(6)

)$0

.00

Plan

Poo

led

Sepa

rate

Acc

ount

s ea

rnin

gs (E

nter

Am

ount

on

Line

2b(

7))

($12

3,44

5.91

)Pl

an M

aste

r Tru

st In

vest

men

t Acc

ount

ear

ning

s (E

nter

Am

ount

on

Line

2b(

8))

$0.0

0Pl

an 1

03-1

2 In

vest

men

t Ent

ity e

arni

ngs

(Ent

er A

mou

nt o

n Li

ne 2

b(9)

)$0

.00

Plan

Reg

iste

red

Inve

stm

ent C

ompa

nies

ear

ning

s (E

nter

Am

ount

on

Line

2b(

10))

$10,

436,

036.

61O

ther

Inco

me

(Ent

er A

mou

nt o

n Li

ne (2

c))

$16,

599.

10

Part

II: I

ncom

e an

d Ex

pens

e St

atem

ent:

Expe

nses

Plan

Exp

ense

s –

Dire

ctly

to p

artic

ipan

ts o

r ben

efic

iarie

s (E

nter

Am

ount

on

Line

2e(

1))

($2,

536,

866.

15)

Plan

Exp

ense

s –

To in

sura

nce

carri

ers

for t

he p

rovi

sion

of b

enef

its (E

nter

Am

ount

on

Line

2e(

2))

$0.0

0C

erta

in d

eem

ed d

istri

butio

ns o

f par

ticip

ant l

oans

(Ent

er A

mou

nt o

n Li

ne 2

g)($

117,

155.

95)

Adm

inis

trativ

e ex

pens

es -

Con

tract

adm

inis

trato

r fee

s (E

nter

Am

ount

on

Line

2i(2

))($

102.

68)

Adm

inis

trativ

e ex

pens

es -

Inve

stm

ent a

dvis

ory

ad m

anag

emen

t fee

s (E

nter

Am

ount

on

line

2i(3

)$0

.00

Adm

inis

trativ

e ex

pens

es -

Oth

er (E

nter

Am

ount

on

Line

2i(4

))($

2,76

0.24

)Tr

ansf

ers

To th

e Pl

an (E

nter

Am

ount

on

Line

2l(1

))$2

5,85

6.03

Tran

sfer

s Fr

om th

e Pl

an (E

nter

Am

ount

on

Line

2I(2

))($

0.62

)

107

APPENDIX A

SCH

EDU

LE H

, LIN

E 4i

– S

CH

EDU

LE O

F A

SSET

S (H

ELD

AT

END

OF

YEA

R)

AB

C S

AM

PLE

UN

IVER

SITY

Act

ivity

for t

he R

epor

ting

Perio

d:01

/01/

2010

to 1

2/31

/201

0

AB

C S

AM

PLE

UN

IVE

RS

ITY

403

(B) R

ETIR

EMEN

T PL

AN- P

lan

# 10

0000

Priv

ate

& C

onfid

entia

l 1

/16/

2011

03:

04 P

MPa

ge1

of

1

(A)

(B) I

DEN

TITY

OF

ISSU

E, B

OR

RO

WER

, LES

SOR

, OR

SIM

ILA

R P

AR

TY(C

) DES

CR

IPTI

ON

OF

INVE

STM

ENT

(D

) CO

ST

(E) C

UR

REN

T VA

LUE

*C

olle

ge R

etire

men

t Equ

ities

Fun

d va

riabl

e an

nuiti

esTI

AA R

eal E

stat

e$5

02,1

27.9

8$3

59,0

46.6

5*

Col

lege

Ret

irem

ent E

quiti

es F

und

varia

ble

annu

ities

CR

EF S

tock

$13,

248,

236.

95$1

3,07

1,92

2.06

*C

olle

ge R

etire

men

t Equ

ities

Fun

d va

riabl

e an

nuiti

esC

REF

Mon

ey M

arke

t$1

,024

,292

.78

$1,0

45,5

32.6

4*

Col

lege

Ret

irem

ent E

quiti

es F

und

varia

ble

annu

ities

CR

EF B

ond

Mar

ket

$4,0

44,4

56.2

8$4

,585

,972

.92

*C

olle

ge R

etire

men

t Equ

ities

Fun

d va

riabl

e an

nuiti

esC

REF

Gro

wth

$1,1

86,6

92.1

1$1

,256

,140

.20

*C

olle

ge R

etire

men

t Equ

ities

Fun

d va

riabl

e an

nuiti

esC

REF

Infla

tion-

Link

ed B

ond

$904

,783

.97

$967

,174

.01

*C

olle

ge R

etire

men

t Equ

ities

Fun

d va

riabl

e an

nuiti

esTI

AA-C

REF

Life

cycl

e 20

10-R

tmt

$2,5

66,7

21.1

5$2

,478

,592

.43

*C

olle

ge R

etire

men

t Equ

ities

Fun

d va

riabl

e an

nuiti

esTI

AA-C

REF

Life

cycl

e 20

15-R

tmt

$1,1

50,3

80.4

9$1

,118

,525

.32

*C

olle

ge R

etire

men

t Equ

ities

Fun

d va

riabl

e an

nuiti

esTI

AA-C

REF

Life

cycl

e 20

20-R

tmt

$2,0

19,4

61.9

2$1

,962

,774

.13

*C

olle

ge R

etire

men

t Equ

ities

Fun

d va

riabl

e an

nuiti

esTI

AA-C

REF

Life

cycl

e 20

25-R

tmt

$968

,628

.60

$974

,734

.14

*C

olle

ge R

etire

men

t Equ

ities

Fun

d va

riabl

e an

nuiti

esTI

AA-C

REF

Life

cycl

e 20

30-R

tmt

$2,0

68,1

52.2

5$1

,933

,719

.25

*C

olle

ge R

etire

men

t Equ

ities

Fun

d va

riabl

e an

nuiti

esTI

AA-C

REF

Life

cycl

e 20

35-R

tmt

$456

,604

.83

$466

,926

.93

*C

olle

ge R

etire

men

t Equ

ities

Fun

d va

riabl

e an

nuiti

esTI

AA-C

REF

Life

cycl

e 20

40-R

tmt

$1,7

42,3

65.4

7$1

,701

,202

.82

*C

olle

ge R

etire

men

t Equ

ities

Fun

d va

riabl

e an

nuiti

esTI

AA-C

REF

Life

cycl

e 20

45-R

tmt

$23,

533.

91$2

6,48

2.00

*C

olle

ge R

etire

men

t Equ

ities

Fun

d va

riabl

e an

nuiti

esTI

AA-C

REF

Life

cycl

e 20

50-R

tmt

$18,

940.

79$2

1,04

2.08

*C

olle

ge R

etire

men

t Equ

ities

Fun

d va

riabl

e an

nuiti

esTI

AA-C

REF

Lfc

yle

Rtm

t Inc

-Rtm

t$8

3.13

$84.

63*

Col

lege

Ret

irem

ent E

quiti

es F

und

varia

ble

annu

ities

TIAA

Sta

ble

Ret

urn

Annu

ity$1

7,82

5,65

2.69

$19,

311,

570.

88*

Col

lege

Ret

irem

ent E

quiti

es F

und

varia

ble

annu

ities

TIAA

-CR

EF In

tl Eq

Idx-

Rtm

t$4

,058

,327

.93

$3,6

10,6

85.4

2*

Col

lege

Ret

irem

ent E

quiti

es F

und

varia

ble

annu

ities

TIAA

-CR

EF L

g-C

ap V

al-R

tmt

$4,8

90,8

34.7

7$4

,025

,617

.70

*C

olle

ge R

etire

men

t Equ

ities

Fun

d va

riabl

e an

nuiti

esTI

AA-C

REF

Sm

-Cap

Bl I

dx-R

tmt

$7,5

70,9

01.4

3$6

,114

,256

.94

*C

olle

ge R

etire

men

t Equ

ities

Fun

d va

riabl

e an

nuiti

esTI

AA-C

REF

Soc

ial C

h Eq

-Rtm

t$3

,905

,232

.29

$3,6

60,2

39.3

0*

Col

lege

Ret

irem

ent E

quiti

es F

und

varia

ble

annu

ities

TIAA

-CR

EF S

&P 5

00 Id

x-R

tmt

$1,1

42,2

91.8

0$1

,043

,730

.97

*C

olle

ge R

etire

men

t Equ

ities

Fun

d va

riabl

e an

nuiti

esTI

AA-C

REF

Eq

Inde

x-R

tmt

$1,7

77,0

80.2

7$2

,073

,659

.80

*C

olle

ge R

etire

men

t Equ

ities

Fun

d va

riabl

e an

nuiti

esTI

AA-C

REF

Man

aged

Allo

c-R

tmt

$5,6

20,8

46.9

7$5

,236

,110

.84

*C

olle

ge R

etire

men

t Equ

ities

Fun

d va

riabl

e an

nuiti

esTI

AA-C

REF

Sel

f Dire

cted

Acc

t$1

28,8

91.9

0$1

28,8

91.9

0C

olle

ge R

etire

men

t Equ

ities

Fun

d va

riabl

e an

nuiti

esPa

rtici

pant

Loa

n Fu

nd$1

,630

,267

.04

$1,6

30,2

67.0

4

108

APPENDIX A

FILI

NG

SU

MM

AR

Y FO

R F

OR

M 5

500-

SF

AB

C S

AM

PLE

UN

IVER

SITY

Act

ivity

for t

he R

epor

ting

Perio

d:01

/01/

2010

to 1

2/31

/201

0

AB

C S

AM

PLE

UN

IVE

RS

ITY

403

(B) R

ETIR

EMEN

T PL

AN- P

lan

# 10

0000

Priv

ate

& C

onfid

entia

l 1

/16/

2011

03:

04 P

MPa

ge1

of

1

Part

III S

ectio

n 7

: Pla

n A

sset

s an

d Li

abili

ties Ope

ning

For

m 5

500

repo

rtabl

e pl

an a

sset

s (E

nter

Am

ount

on

Line

7a

Col

umn

(a))

$61,

057,

343.

22C

losi

ng F

orm

550

0 re

porta

ble

plan

ass

ets

(Ent

er A

mou

nt o

n Li

ne 7

a C

olum

n (b

))$7

8,80

4,90

3.00

Part

III S

ectio

n 8:

Inco

me,

Exp

ense

s an

d Tr

ansf

ers

for t

his

Plan

Yea

rPl

an C

ontri

butio

ns -

Empl

oyer

(Ent

er A

mou

nt o

n Li

ne 8

a(1)

)$2

,441

,976

.52

Plan

Con

tribu

tions

- Em

ploy

ee (E

nter

Am

ount

on

Line

8a(

2))

$6,4

04,7

39.2

5Pl

an C

ontri

butio

ns -

Oth

ers

(Ent

er A

mou

nt o

n Li

ne 8

a(3)

)$4

6,95

4.79

Oth

er In

com

e (E

nter

Am

ount

on

Line

8b)

$11,

484,

918.

83Be

nefit

s Pa

id (E

nter

Am

ount

on

Line

8d)

($2,

536,

866.

15)

Cer

tain

dee

med

dis

tribu

tions

of p

artic

ipan

t loa

ns (E

nter

Am

ount

on

Line

8e)

($11

7,15

5.95

)O

ther

exp

ense

s (E

nter

Am

ount

on

Line

8g)

($2,

862.

92)

Tran

sfer

s To

(Fro

m) t

he P

lan

(Ent

er A

mou

nt o

n Li

ne 8

j)$2

5,85

5.41

Part

V S

ectio

n 10

: Spe

cific

Ass

ets

Clo

sing

val

ue o

f Par

ticip

ant l

oans

(Ent

er A

mou

nt o

n Li

ne 1

0g)

$1,6

30,2

67.0

4

109

APPENDIX B

ACRONYMS AND ABBREVIATIONS

TERM DESCRIPTION TERM DESCRIPTION

AICPA American Institute of CertifiedPublic Accountants

IQPA Independent qualified public accountant

CREF College Retirement Equities Fund IRS Internal Revenue Service

CSV Comma-separated value OPS OMNI TIAA’s recordkeeping system

DFE Direct filing entity PDF Portable document format

DOL Department of Labor REA Real Estate Account

EFAST2 ERISA Filing Acceptance System SAR Summary Annual Report

ERISA Employee Retirement IncomeSecurity Act

SAS Statement on Auditing Standards

FAB Field Assistance Bulletin SEC Securities and Exchange Commission

Form 5500 Annual Return/Report of EmployeeBenefit Plan

TIAA Teachers Insurance andAnnuity Association

Form 5500-SF Annual Return/Report of EmployeeBenefit Plan – Short Form

TIAA-CREF Teachers Insurance and AnnuityAssociation-College RetirementEquities Fund

Guide Plan Sponsor Reporting & Audit Guide

110

APPENDIX C

ILLUSTRATIVE FORMATS FOR FINANCIAL STATEMENTS 1

ABC SAMPLE UNIVERSITY 403(b)RETIREMENT PLAN 2 STATEMENTS OF NET ASSETS AVAILABLE FOR BENEFITS 3

December 31,

Assets 2009 2010

Investments at fair value

Insurance company general account contracts $17,414,747 $19,311,571

Pooled separate account 429,426 359,047

Registered investment company shares 41,607,778 57,375,126

Self-directed accounts 123,905 128,892

Total investments 59,575,856 77,174,636

Receivables

Participant loan fund 1,481,487 1,630,267

Employer contributions 0 0

Participant contributions 0 0

Total receivables 1,481,487 1,630,267

Total assets 61,057,343 78,804,903

Liabilities

Benefits payable 0 0

Accrued expenses 0 0

Total liabilities 0 0

Net assets available for benefits $61,057,343 $78,804,903

See accompanying notes to the financial statements.

1 The presentation format is but one of the illustrations provided in the 2010 Audit & Accounting Guide for Employee Benefit Plans published by the American Institute of Certified Public Accountants.

2 The amounts in the illustrative financial statements are derived from the sample report package include in this Guide.3 This is an example of comparative statements of net assets available for benefits.

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1 The amounts in the illustrative financial statements are derived from the sample report package include in this Guide.2 This is an example of a statement of changes in net assets available for benefits.

ABC SAMPLE UNIVERSITY 403(b) RETIREMENT PLAN 1 STATEMENT OF CHANGES IN NET ASSETS AVAILABLE FOR BENEFITS 1

Additions:Year Ended

December 31, 2010

Additions to net assets attributed to:

Investment income:

Net appreciation in fair value of investments $10,312,593

Interest 593,283

Dividends 562,605

Self-directed accounts 15,978

Contributions:

Participant 6,404,739

Rollover 46,955

Employer 2,441,977

Other: 23,718

Total additions 20,401,848

Deductions:

Deductions from net assets attributed to:

Benefits paid to participants (2,654,023)

Expenses (265)

Total deductions (2,654,288)

Net Increase (17,747,560)

Net assets available for benefits:

Beginning of year 61,057,343

End of year $78,804,903

See accompanying notes to the financial statements.

NOTE: Some of the amounts shown may differ from those shown on the Filing Summary for Schedule H due to reclassifications.

APPENDIX C

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APPENDIX D

SUPPLEMENTAL INVESTMENT REPORT – INSTRUCTIONS

Due to a change in the way we report defaulted plan loans and the related collateral for participants whose benefit is not yet distributable, we are providing you with the following step-by-step instructions. These instructions will clarify how to use the Supplemental Investment Report and prepare the plan’s financial statements, if applicable, and Form 5500 filing.

REPORTING CHANGE FOR SPECIFIC PLAN LOAN SITUATIONSIn general, if an employee stops making payments as required under the terms of the loan agreement, the loan will go into default at the end of the quarter following the quarter the loan payments stopped. The default results in what is sometimes called a “deemed distribution” as it generates a taxable event in which the default is reported as a distribution to the Internal Revenue Service on Form 1099-R.

While the loan itself is not considered a plan asset and is reportable only as a disclosure in the Plan’s financial statements, the collateral related to the “deemed distribution” associated with the loan is reportable as a plan asset. To ensure you have the appropriate information you need to properly reflect these situations, we have provided a Supplemental Investment Report so that you can properly reflect plan assets. Guidance from the Department of Labor (DOL) is consistent with this treatment.

STEP 1:

Review the Plan’s Financial Reporting Package located on the Plan Sponsor website

STEP 2:

Review the Supplemental Investment Report

We have determined that the financial activity related to certain deemed distributions were reported in advance of the participant meeting a triggering event. As a result, reported plan assets in the investment collateralizing the loan (TIAA Traditional Annuity) are understated in the core financial report package provided to you, including the Statement of Changes to Net Assets.

While we have always tracked the balances associated with these situations on our recordkeeping system, TIAA Traditional Annuity (the investment used to collateralize plan loans) was not historically considered a plan asset. In March 2010 the DOL issued an Advisory Opinion and concluded that TIAA Traditional Annuity should be reported as an asset in the Plan’s Form 5500 beginning in 2009.

As a result, a Supplemental Investment Report, which summarizes the financial activity at a participant level, is being provided to you to report these plan investments and related activity. This financial activity is only reported in the Supplemental Investment Report and should be added to the financial activity reported in the Statement of Changes to Net Assets. This Supplemental Investment Report provides you with everything you need to complete the Plan’s reporting and filing.

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STEP 3:

Include Supplemental Investment Report amounts on the Plan’s financial statements and Form 5500 filing using the following suggestion:

For 2010 Plan Years

We recommend that the Beginning Balance as of 7/1/2009 be reported as Investments at beginning of year or Other Income in the Plan’s financial statements contingent upon whether those assets were reported in the plan’s prior year financial statements with similar treatment on Schedule H, Schedule I or SF of the Form 5500.

For 403(b) plans

The 2009 reporting year is the first year for which financial reporting is required. This requirement includes the preparation of financial statements as well as the disclosure of financial information in Form 5500. We recommend that the balance as of 7/1/09 be reported as an investment in the Plan’s financial statements and on Schedule H (line 1c(15)) of the Form 5500. If the Plan is a small plan, we recommend the balance as of 7/1/09 be included as total plan assets on Schedule I (line 1a) and Form 5500-SF (line 7a).

SUGGESTED MAPPING

SUGGESTED REPORT MAPPING – PLAN INVESTMENT ASSET

Supplemental Investment Report

Financial Statement Presentation

Form 5500Large Plans (Schedule H) Small Plans (Schedule I

or SF)Beginning Balance Investments at beginning of

year / Other IncomeOther Investment at beginning of year / Other Income

Total Plan Assets at beginning of year / Other Income

Interest Interest income Other Interest Other InterestWithdrawals / Distributions Distributions Benefit Payment & payments

to provide benefits – directly to participants

Benefit Payment & payments to provide benefits – directly to participants

Ending Balance Investments at end of year Other Investment at end of year

Total Plan Assets

APPENDIX D

©2011 Teachers Insurance and Annuity Association-College Retirement Equities Fund (TIAA-CREF), New York, NY 10017

FOR INSTITUTIONAL INVESTOR USE ONLY. NOT FOR USE WITH OR DISTRIBUTION TO THE GENERAL PUBLIC.

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