TIAA - Company Profile - Tracxn (2024)

FAQs

Is TIAA a strong company? ›

TIAA Bank has a decades-long record of consistent profitability, built on a strong capital base and conservative approach to risk-management.

TIAA is a stock New York life insurance company and is owned by the TIAA Board of Governors. CREF is a not-for-profit corporation based in New York, registered as an investment company with the Securities Exchange Commission.

Though you often hear them used together, TIAA and CREF are different things. TIAA is our company name, while CREF is a variable annuity that we created and provide to our customers. Because we made CREF, you may hear people refer to it as TIAA CREF.

About TIAA

It is the #1 not-for-profit retirement market provider¹, paid more than $5.6 billion in lifetime income to retired clients in 2022 and has $1.3 trillion in assets under management (as of 6/30/2023)².

TIAA has a really strong foothold with educational organizations, and for good reason. Fidelity has a strong foothold with private companies and a very competitive plan. I think a strong reason one would choose TIAA CREF for their retirement savings is stability.

The highest-paying job at TIAA is a Senior Director with a salary of ₹81,89,955 per year (estimate).

For its stability, claims-paying ability and overall financial strength, Teachers Insurance and Annuity Association of America (TIAA) is one of only three insurance groups in the United States to currently hold the highest rating available to U.S. insurers from three of the four leading insurance company rating ...

TIAA Completes Sale of TIAA Bank to Private Investors; Bank Now Doing Business as EverBank.

We are committed to helping consultants grow their practices and support their customers. TIAA is a diversified Fortune 100 financial services organization with nearly $1.3 trillion in assets under management, and investments in more than 50 countries.

According to the SEC's order, more than 94 percent of TIAA IRA customers invested only through the core menu. As a result, nearly 6,000 TC Services retail customers paid more than $900,000 combined in expenses that they could have avoided by purchasing substantially equivalent funds through the brokerage window.

Is TIAA better than 401k? ›

Both are defined-contribution plans, but a 401(k) is designed to provide supplemental income in retirement and attempts to maximize the funds in it, while a TIAA plan is intended to provide a guaranteed lifetime annual income by annuitizing the money in the plan, making the amount saved less paramount.

Guaranteed growth and income

With the TIAA Traditional annuity, your money grows—no matter what. When you retire, you can convert those savings into a guaranteed monthly retirement paycheck.

For its stability, claims-paying ability and overall financial strength, Teachers Insurance and Annuity Association of America (TIAA) is a member of one of only three insurance groups in the United States to currently hold the highest rating available to U.S. insurers from three of the four leading insurance company ...

Is TIAA a good company to work for? TIAA has an overall rating of 3.8 out of 5, based on over 3,789 reviews left anonymously by employees. 71% of employees would recommend working at TIAA to a friend and 58% have a positive outlook for the business. This rating has decreased by 4% over the last 12 months.

Like checking accounts, savings accounts are FDIC-insured, meaning the bank insures your money up to $250,000.

TIAA has a strong RBC ratio of 542% and 'AAA' level redundancy per S&P Global Ratings' capital model as of year-end 2022. In 2022, overall capital and surplus dropped to $50.5 billion from $52.4 billion in 2021, mainly because TIAA sold its banking operations.

For its stability, claims-paying ability and overall financial strength, Teachers Insurance and Annuity Association of America (TIAA) is a member of one of only three insurance groups in the United States to currently hold the highest rating available to U.S. insurers from three of the four leading insurance company ...

For its stability, claims-paying ability and overall financial strength, Teachers Insurance and Annuity Association of America (TIAA) is one of only three insurance groups in the United States to currently hold the highest rating available to U.S. insurers from three of the four leading insurance company rating ...