the road to retirement• under the retirement choice contract, tiaa traditional has a rate...

The road to retirementAnnouncing updates to the Sarah Lawrence College Defined Contribution Retirement Plan and Tax-deferred Annuity Plan

2 Questions? Call 800-842-2252 or visit TIAA.org/SLC

Table of contentsA new chapter is about to start 1

Your updated Sarah Lawrence College lineup 2

For all plan participants 3

Transfer chart for all plan participants 4

Target-date fund birth chart 5

Retirement plan investment advice 6

About TIAA 7

Q&A 8-9

We’re here to help Back cover

Questions? Call 800-842-2252 or visit TIAA.org/SLC 1

A new chapter is about to start Helping you plan and save for the future is important to us here at Sarah Lawrence College. That’s why we’re pleased to announce the following updates to the Defined Contribution Retirement Plan and Tax-deferred Annuity Plan.

What you need to know • New investment options. The new investments, carefully

selected by Sarah Lawrence College for its employees, may give you the ability to create a diversified retirement portfolio.

• New Retirement Choice (RC) and Retirement Choice Plus (RCP) contracts will be issued. Any balance in existing TIAA and CREF annuity contracts will remain there, although no new contributions, rollovers or transfers may be made to them.

• New Retirement Plan Loans. The Sarah Lawrence College Tax-deferred Annuity Plan is changing the way it is administering loans and will now be offering retirement plan loans. Retirement plan loans are funded from an account in your employer-sponsored retirement plan and offered with a fixed rate of interest. This new loan offering will replace the current collateralized loans.

• You can continue to receive personalized advice on the plan’s investment options from a TIAA financial consultant. This service is available as part of your retirement program at no additional cost to you. Investment advice is available online, by phone or through a one-on-one advice session.

No longer employed by Sarah Lawrence College? You are receiving this guide because you have investments in one or more of the Sarah Lawrence College Retirement Plans. Even though you are not actively contributing and actions may not be required, you should review this information carefully to learn how your account could be affected.

Retirement plan updates start May 11, 2018.Key dates Event

Beginning the week of April 2, 2018

Town halls and on-site seminars begin.

Week of April 30, 2018 One-on-one consultations will be available.May 11, 2018 Last contribution to your current TIAA contract.May 17, 2018 and after You will be enrolled in a new TIAA Retirement Choice (RC) and/or Retirement Choice

Plus (RCP) contract and a confirmation will be sent to your address of record.

First contributions are directed to the new Retirement Choice and Retirement Choice Plus contracts, and new investment menu.


GUARANTEED* TICKER SYMBOLTIAA Traditional Annuity (Guaranteed Annuity)* N/ATIAA Stable Value Annuity1 (Guaranteed Annuity)* N/AMONEY MARKET TICKER SYMBOLCREF Money Market Account (Variable Annuity) R2 QCMMPXFIXED INCOME (BONDS) TICKER SYMBOLBlackRock Strategic Income Opps Institutional BSIIXPrudential High-Yield A PBHAXPrudential Total Return Bond A PDBAXTempleton Global Bond Advisor TGBAXTIAA-CREF Bond Index Fund Institutional TBIIXMULTI-ASSET TICKER SYMBOLHartford Balanced Income R6 HBLVXTIAA-CREF Lifecycle Index 2015 Fund Institutional TLFIXTIAA-CREF Lifecycle Index 2020 Fund Institutional TLWIXTIAA-CREF Lifecycle Index 2025 Fund Institutional TLQIXTIAA-CREF Lifecycle Index 2030 Fund Institutional TLHIXTIAA-CREF Lifecycle Index 2035 Fund Institutional TLYIXTIAA-CREF Lifecycle Index 2040 Fund Institutional TLZIXTIAA-CREF Lifecycle Index 2045 Fund Institutional TLXIXTIAA-CREF Lifecycle Index 2050 Fund Institutional TLLIXTIAA-CREF Lifecycle Index 2055 Fund Institutional TTIIXTIAA-CREF Lifecycle Index 2060 Fund Institutional TVIIXTIAA-CREF Lifecycle Index Retirement Income Fund Institutional TRILXEQUITIES (STOCKS) TICKER SYMBOLAmerican Funds New World R6 RNWGXCREF Stock Account (Variable Annuity) R2 QCSTPXHartford International Opportunities R6 IHOVXJHancock International Growth I GOGIXMFS Growth R3 MFEHXMFS Mid-Cap Growth R3 OTCHXMFS Mid-Cap Value R3 MVCHXOppenheimer Global A OPPAXParnassus Core Equity Institutional PRILXTIAA-CREF Equity Index Retirement TIQRXTIAA-CREF International Equity Index Fund Institutional TCIEXTIAA-CREF Real Estate Securities Fund Institutional TIREXTIAA-CREF S&P 500 Index Fund Retirement TRSPXTIAA-CREF Small-Cap Blend Index Fund Institutional TISBXTIAA-CREF Small-Cap Equity Retirement TRSEXTIAA-CREF Social Choice Equity Retirement TRSCXVanguard Equity-Income Admiral VEIRX

Your updated Sarah Lawrence College lineup

1 TIAA Stable Value is available only in the Sarah Lawrence College Defined Contribution Plan.

* TIAA Traditional Annuity and TIAA Stable Value are guaranteed insurance contracts and are not investments for federal securities law purposes. Any guarantees under annuities issued by Teachers Insurance and Annuity Association of America (TIAA) are subject to TIAA’s claims-paying ability. Interest credited includes a guaranteed rate, plus additional amounts as may be established by the TIAA Board of Trustees. Such additional amounts, when declared, remain in effect for the “declaration year” which begins each March 1 for accumulating annuities and January 1 for payout annuities. Additional amounts are not guaranteed for periods other than the period for which they were declared.

Investment products may be subject to market and other risk factors. See the applicable product literature, or visit TIAA.org/SLC or TIAA.org and enter a ticker symbol in the site’s search feature for details. Stable value investment options may be subject to equity wash restrictions. Please see the Q&A section for more information.Annuity account options are available through annuity contracts issued by TIAA or CREF. These contracts are designed for retirement or other long-term goals, and offer a variety of income options, including lifetime income. Payments from the variable annuity accounts are not guaranteed and will rise or fall based on investment performance.

This is the complete investment lineup, with your new investment choices highlighted in bold in the chart. To learn more about the new investment options, go to TIAA.org and enter the ticker symbol in the site’s search feature.

Your Guaranteed options are fixed annuities that pay you interest at competitive crediting rates that are announced in advance. There is no explicit expense ratio because these are fixed annuities.


For all plan participantsHow your future contributions will be directed to the new investment optionsStarting May 17, 2018, your future contributions will be transferred to your new account and the new investment options. Your contributions will be transferred as shown on page 4.

How your future contributions will be affected

Any annuity balance(s) you have with TIAA will remain in your existing account(s), although no new contributions, rollovers or transfers may be made to these accounts. You will be permitted to transfer balances only among the CREF Money Market Account, CREF Stock Account, TIAA Traditional Annuity and any mutual funds. If you would like to transfer balances to your new account, contact a TIAA financial consultant for more information.

Beneficiaries*

Your current beneficiary designation(s) will be applied to your new account(s).

Systematic transfers

This transition may impact any systematic transfer instructions you have on file for this plan. If applicable, existing scheduled transfers will be directed to the retirement plan’s default fund in your new contract unless you contact us to provide new instructions.

Understanding your new account(s)

There are a number of differences between your Retirement Annuity contract and the new Retirement Choice contract. Most of the differences apply to the TIAA Traditional Annuity and are highlighted below. If you’re thinking about transferring some or all of your account balances to your new contract, make sure you understand the differences before you initiate a transfer.

• Under the Retirement Choice contract, TIAA Traditional has a rate guarantee that is between 1% and 3%, determined annually, which may be lower than the guaranteed rate in your current contract.** The adjustable rate guarantee in the new contracts allow TIAA to be more responsive to the prevailing interest rate environment, and provides the potential for higher credited rates through the crediting of additional amounts.***

• When TIAA Traditional balances are transferred out of an existing contract, you risk giving up a favorable crediting rate(s) on older contributions.

• TIAA Traditional balances in the Retirement Choice contract can be liquidated within a shorter time frame than under the existing Retirement Annuity contract.

• Moving money from an existing contract to a new contract is a permanent decision. Money cannot be moved back into a legacy contract.

For details, see the Contract Comparison chart located at TIAA.org/contractcomparison. If you have questions, call 800-842-2252.

* For married participants: Under many retirement plans, spouses are entitled to receive at least 50% of the participant’s retirement plan death benefits. If you would like to direct less than 50% to your spouse, you and your spouse will need to complete a spousal waiver form for each affected contract. If such a spousal consent is not executed, your spouse will be entitled to receive at least 50% of your preretirement survivor benefits (or more if required under your employer’s plan), regardless of your beneficiary designation.

** Guarantees are subject to TIAA’s claims-paying ability.

*** TIAA’s Board of Trustees declares whether additional amounts will be paid in March of each year. Additional amounts are not guaranteed. Such additional amounts, when declared, remain in effect for the “declaration year” which begins each March 1 for accumulating annuities and January 1 for payout annuities. Additional amounts are not guaranteed for periods other than the period for which they were declared.


Transfer chart for all plan participants

The chart below shows how Sarah Lawrence College will direct future contributions to the new investment options.

Current option Ticker Replacement option Ticker

PIMCO Total Return Admin PTRAX Prudential Total Return Bond A PDBAX

TIAA-CREF Growth & Income Premier TRPGX MFS Growth R3 MFEHX

TIAA-CREF High-Yield Premier TIHPX Prudential High-Yield A PBHAX

TIAA-CREF International Eq Idx Premier TRIPX TIAA-CREF International Eq Idx Institutional TCIEX

TIAA-CREF International Eq Premier TREPX JHancock International Growth I GOGIX

TIAA-CREF Large-Cap Gr Idx Retirement TRIRX TIAA-CREF S&P 500 Index Institutional TISPX

TIAA-CREF Large-Cap Value Idx Retirement TRCVX TIAA-CREF S&P 500 Index Institutional TISPX

TIAA-CREF Large-Cap Value Premier TRCPX Vanguard Equity-Income Adm VEIRX

TIAA-CREF Lifecycle Retirement Income Premier TPILX TIAA-CREF Lifecycle Index Retirement Income Institutional TRILX

TIAA-CREF Lifecycle 2010 Premier TCTPX TIAA-CREF Lifecycle Index Retirement Income Institutional TRILX

TIAA-CREF Lifecycle 2015 Premier TCFPX TIAA-CREF Lifecycle Index 2015 Institutional TLFIX

TIAA-CREF Lifecycle 2020 Premier TCWPX TIAA-CREF Lifecycle Index 2020 Institutional TLWIX

TIAA-CREF Lifecycle 2025 Premier TCQPX TIAA-CREF Lifecycle Index 2025 Institutional TLQIX

TIAA-CREF Lifecycle 2030 Premier TCHPX TIAA-CREF Lifecycle Index 2030 Institutional TLHIX

TIAA-CREF Lifecycle 2035 Premier TCYPX TIAA-CREF Lifecycle Index 2035 Institutional TLYIX

TIAA-CREF Lifecycle 2040 Premier TCZPX TIAA-CREF Lifecycle Index 2040 Institutional TLZIX

TIAA-CREF LIfecycle 2045 Premier TTFPX TIAA-CREF Lifecycle Index 2045 Institutional TLXIX

TIAA-CREF Lifecycle 2050 Premier TCLPX TIAA-CREF Lifecycle Index 2050 Institutional TLLIX

TIAA-CREF Lifecycle 2055 Premier TTRPX TIAA-CREF Lifecycle Index 2055 Institutional TTIIX

TIAA-CREF Lifecycle 2060 Premier TLXPX TIAA-CREF Lifecycle Index 2060 Institutional TVIIX

TIAA-CREF Mid-Cap Growth Premier TRGPX MFS Mid-Cap Growth R3 OTCHX

TIAA-CREF Mid-Cap Value Premier TRVPX MFS Mid-Cap Value R3 MVCHX

TIAA-CREF Real Estate Sec Premier TRRPX TIAA-CREF Real Estate Sec Institutional TIREX

TIAA-CREF Small-Cap Blend Idx Retirement TRBIX TIAA-CREF Small-Cap Blend Idx Institutional TISBX

TIAA-CREF Social Choice Low Carbon Equity Fund – Premier Class TPWCX TIAA-CREF S&P 500 Index Institutional TISPX

TIAA Traditional Annuity (Guaranteed Annuity) N/A TIAA Traditional Annuity (Guaranteed Annuity) N/A

CREF Money Market Account (Variable Annuity) R2 QCMMPX CREF Money Market Account (Variable Annuity) R2 QCMMPX

Templeton Global Bond Advisor TGBAX Templeton Global Bond Advisor TGBAX

Hartford Balanced Income R6 HBLVX Hartford Balanced Income R6 HBLVX

American Funds New World R6 RNWGX American Funds New World R6 RNWGX

CREF Stock Account (Variable Annuity) R2 QCSTPX CREF Stock Account (Variable Annuity) R2 QCSTPX

TIAA-CREF Equity Index Retirement TIQRX TIAA-CREF Equity Index Retirement TIQRX

TIAA-CREF Small-Cap Equity Retirement TRSEX TIAA-CREF Small-Cap Equity Retirement TRSEX

TIAA-CREF Social Choice Equity Retirement TRSCX TIAA-CREF Social Choice Equity Retirement TRSCX


Target-date fund birth chartThese are the plan’s default investment options selected by Sarah Lawrence College.

Birth year New investment option Ticker

Before 1953 TIAA-CREF Lifecycle Index 2015 Fund Institutional TLFIX

1954-1958 TIAA-CREF Lifecycle Index 2020 Fund Institutional TLWIX

1959-1963 TIAA-CREF Lifecycle Index 2025 Fund Institutional TLQIX

1964-1968 TIAA-CREF Lifecycle Index 2030 Fund Institutional TLHIX

1969-1973 TIAA-CREF Lifecycle Index 2035 Fund Institutional TLYIX

1974-1978 TIAA-CREF Lifecycle Index 2040 Fund Institutional TLZIX

1979-1983 TIAA-CREF Lifecycle Index 2045 Fund Institutional TLXIX

1984-1988 TIAA-CREF Lifecycle Index 2050 Fund Institutional TLLIX

1989-1993 TIAA-CREF Lifecycle Index 2055 Fund Institutional TTIIX

1994-present TIAA-CREF Lifecycle Index 2060 Fund Institutional TVIIX


As a participant in the Sarah Lawrence Defined Contribution Plan and/or Tax-deferred Annuity Plan, you have access to personalized retirement plan advice on the plan’s investment options from a TIAA financial consultant. This service is available as part of your retirement program at no additional cost to you.

An advice session is designed to help you answer key questions, including:

1. Am I on track to reach my retirement savings goals? We’ll help you analyze how your investments are performing, and determine if you’re saving enough to help meet your needs.

2. Which combination of retirement plan investments is right for me?Get assistance picking the right investments, based on your plan’s investment options, diversifying properly and allocating contributions to balance your need for growth potential with your tolerance for risk.

3. How can I meet my income needs in retirement? Get help determining the amount you’ll need to meet your retirement income goals.

Retirement plan investment advice

How to access advice

OnlineGet quick, convenient answers via the Retirement Advisor online tool. Visit TIAA.org/retirementadvisor and log in to your account.

By phone or in personReceive personalized retirement plan investment advice either over the phone or in person.

Schedule your advice session by calling 800-732-8353, weekdays, 8 a.m. to 8 p.m. (ET).

You can also schedule online at TIAA.org/schedulenow.

IMPORTANT: The projections or other information generated by the Retirement Advisor tool regarding the likelihood of various investment outcomes are hypothetical in nature, do not reflect actual investment results and are not guarantees of future results. Results may vary with each use and over time.


About TIAAProviding strong support on the road to retirement no matter where you are todayTIAA’s purpose has remained constant since TIAA was established nearly 100 years ago: We’re here to help you save for—and generate income during—retirement. Over the years, we’ve regularly enhanced the ways we deliver on our purpose.

As an organization with deep roots among nonprofits—in higher education—TIAA is committed to continuous learning. And when we see opportunities to enhance our retirement plan services, we share them with the institutions we serve.

Not sure where to begin? You can meet with us to help you take the next step!Personalized retirement plan advice is available on the plan’s investment options from a TIAA financial consultant. This service is available as part of your retirement program at no additional cost to you. You can schedule a session by calling 800-732-8353, weekdays, 8 a.m. to 8 p.m. (ET). You can also visit TIAA.org/schedulenow.

1918 | TIAA Teachers Insurance and

Annuity Association of America created


Q&A1. Why is Sarah Lawrence College updating the Defined

Contribution Plan and Tax-deferred Annuity Plan?Sarah Lawrence is committed to providing you with competitive retirement benefits and recently conducted a review of the retirement program. The resulting updates are intended to give you the investments, services and tools you need to pursue your retirement savings goals.

2. How can I learn about the new investment options?A list of the new investment options is included in this guide. You can visit the dedicated retirement program website at TIAA.org/SLC for additional information.

3. What if I would like help making investment choices?You can get personalized advice on the plan’s investment options from a TIAA financial consultant. This service is available as part of your retirement program at no additional cost to you.

To schedule an advice session, call TIAA at 800-732-8353, weekdays, 8 a.m. to 8 p.m. (ET). You can also schedule online at TIAA.org/schedulenow.

4. What happens to my current outstanding loan, systematic withdrawal, TPA (transfer payout annuity), or required minimum distribution? You will receive separate communications if any actions are required on your part.

5. Will loans continue to be available?Yes, the Sarah Lawrence College Tax-deferred Annuity Plan will continue to allow participants to borrow against their retirement account. The Sarah Lawrence College Defined Contribution Retirement Plan will continue to not allow loans.

6. What are retirement plan loans?Retirement plan loans are funded from an account in your employer-sponsored retirement plan and are offered with a fixed rate of interest. Principal and interest are paid back to your retirement account based on the investment allocation for your contributions; if there is not an allocation on file, the repayment is paid to a default investment option selected by the plan for loan repayments. Retirement plan loans are available in two types—a conventional loan or a primary residence loan. The standard TIAA offering will be replacing current collateralized loans. Loans are available only from your contributions to the plan.

7. Will I pay any fees to invest in the retirement plan(s)?All investment options have expenses and other fees that can be found in the prospectuses at TIAA.org/SLC, or by entering the investment’s ticker symbol into the search feature at TIAA.org. Some investment options may also have redemption and other fees. See page 2 for more details.


8. How do lifecycle index funds work?Each lifecycle index fund consists of underlying mutual funds that invest in a broad range of asset classes. The allocations and risk level depend on how many years remain until the fund’s target date. To help reduce risk as the fund’s target date approaches, the fund’s mix of stocks, bonds and other types of investments is adjusted to a more conservative mix.

9. What else should I know about lifecycle index funds?As with all mutual funds, the principal value of a lifecycle index fund isn’t guaranteed at any time and will fluctuate with market changes. The target date indicates when investors may plan to start making withdrawals. However, you are not required to withdraw your money at the target date. After the target date, some of your money may be merged into a fund with a more stable asset allocation.1 A TIAA financial consultant can help you decide whether a lifecycle index fund is right for you.

10. I am currently contributing to TIAA. What happens to my current account balances and future contributions?All balances will remain where they are there. Starting May 18, 2018, you can direct any balance and future contributions to other options on the new investment menu. All future contributions will be mapped into the updated fund lineup, based upon plan participants’ current elections, as outlined on page 4 of this guide.

11. Can I move money from an existing TIAA account to a new one?Yes, but it’s a move you’ll want to weigh carefully. You may move money out of your existing TIAA contracts to the new contracts, subject to any restrictions that apply to the investments. However, any money that you move out of your existing contract(s) cannot be moved back into them. Money in the TIAA Traditional Annuity deserves special attention. For instance, money moved out of TIAA Traditional in the existing contracts will no longer receive the 3% minimum guaranteed rate. In short, the pros and cons are different for every participant. To learn more about TIAA Traditional, liquidity rules, and the differences between RC and RCP contracts, please see the Contract Comparison chart at TIAA.org/comparison, or contact TIAA at 800-842-2252.

12. What are annuities?There are different types of annuities, but they are typically designed to give you the opportunity to grow your money while you’re working and provide you with the option to receive income for life when you retire. In fact, annuities are the only retirement products that can guarantee to pay you (or you and a spouse or partner) income for life.

There are two types of annuities:

Guaranteed annuities (also known as fixed annuities): Earn a minimum guaranteed interest rate on your contributions, plus the potential for additional amounts of interest. In retirement, guaranteed annuities can offer you income for life that will never fall below a certain guaranteed level and provide income that is guaranteed to last for your lifetime.2

Variable annuities: Invest in a variety of asset classes and account values will fluctuate based on the performance of the investments in the accounts. It is possible to lose money in variable annuities. In retirement, variable annuities can provide an income stream that is guaranteed to last for your lifetime, but the actual amount will rise or fall based on investment performance.

13. What is the Equity Wash rule?In order to provide the performance, stability and liquidity attributes of a stable value option, participant transfers from stable value options are subject to an industry standard 90-day “Equity Wash” rule. The rule prohibits transfers from TIAA Stable Value directly to “Competing Funds.” Competing Funds are plan investment options that exhibit a pattern of performance consistent with stability and include the Money Market Funds, Short-Term Bond Funds, and the TIAA Real Estate Account—for TIAA Stable Value ONLY.

Participants wishing to transfer amounts from TIAA Stable Value to Competing Funds must first transfer to Noncompeting Funds, where the amount originally transferred must remain for 90 days before the participant can then transfer the amount to one or more Competing Funds.

1 Lifecycle index funds share the risks associated with the types of securities held by each of the underlying funds in which they invest. In addition to the fees and expenses associated with the lifecycle index funds, there is exposure to the fees and expenses associated with the underlying mutual funds.

2 Guarantees are based on the claims-paying ability of the issuing company.

Q&A

MT 439477 454556 940903-1126700 (05/18)

This material is for informational or educational purposes only and does not constitute a recommendation or investment advice in connection with a distribution, transfer or rollover, a purchase or sale of securities or other investment property, or the management of securities or other investments, including the development of an investment strategy or retention of an investment manager or advisor. This material does not take into account any specific objectives or circumstances of any particular investor, or suggest any specific course of action. Investment decisions should be made in consultation with an investor’s personal advisor based on the investor’s own objectives and circumstances.Distributions from 403(b) plans before age 59½, severance from employment, death or disability may be prohibited, limited and/or subject to substantial tax penalties. Different restrictions may apply to other types of plans.

Investment, insurance, and annuity products are not FDIC insured, are not bank guaranteed, are not bank deposits, are not insured by any federal government agency, are not a condition to any banking service or activity, and may lose value.You should consider the investment objectives, risks, charges, and expenses carefully before investing. Please call 877-518-9161 or go to TIAA.org/SLC for current product and fund prospectuses that contain this and other information. Please read the prospectuses carefully before investing.TIAA-CREF Individual & Institutional Services, LLC, and Nuveen Securities, LLC, Members FINRA and SIPC, distribute securities products. Annuity contracts and certificates are issued by Teachers Insurance and Annuity Association of America (TIAA) and College Retirement Equities Fund (CREF), New York, NY. Each is solely responsible for its own financial condition and contractual obligations.©2018 Teachers Insurance and Annuity Association of America-College Retirement Equities Fund, 730 Third Avenue, New York, NY 10017

We’re here to helpNot sure where to begin? Let us help you take the next step!

Manage your account online by going to TIAA.org/SLC and selecting Log In.

If you’re new to TIAA, select Log in, then click on Register for Online Access. Follow the on-screen directions to gain online access to your account.

If you have any questions or would like assistance selecting your new investment options, call TIAA at 800-842-2252, weekdays, 8 a.m. to 10 p.m. and Saturday, 9 a.m. to 6 p.m. (ET).

Phone Online

Schedule a one-on-one advice session by calling TIAA at 800-732-8353, weekdays, 8 a.m. to 8 p.m. (ET) or visit TIAA.org/schedulenow. There is no additional cost to you for this service.

In person

the road to retirement• under the retirement choice contract, tiaa traditional has a rate...

Documents