RFP_Attachment_6.10_(Part-1)_TIAA403(b)Data_Request.xlsx

This is a TIAA 403(b) data request attachment for the State of Tennessee's Optional Retirement Program and Public Higher Education 403(b) Plans, comprising data for the combined plan, University of Tennessee (UT), and Tennessee Board of Regents (TBR) entities. The document provides comprehensive plan administration and participant data as of December 31, 2025, supporting the recordkeeping, administration, and investment options contract opportunity. The request details payroll information across 21 payroll locations with 558 combined payroll files processed biweekly and monthly via electronic file exchange, utilizing wire and ACH funding methods.

The data encompasses 3,967 total combined plan accounts consisting of 2,107 active participants and 1,860 inactive participants, with total plan assets of approximately $776.9 million invested across 43 investment options spanning equities, fixed income, real estate, money market, multi-asset lifecycle funds, and TIAA Traditional guaranteed contracts. The plan experienced a negative net cash flow of $51.6 million in 2025, driven by withdrawals of $70.9 million against contributions of $19.2 million. Stable Value and Fixed assets represent $264.5 million across age-segmented participant categories, with the largest concentration in participants aged 71 and older holding $112.2 million. The plan allows for various distribution methods including lump sum, installment, and rollover provisions, with 886 lump sum distributions and 324 minimum required distributions processed in 2025. TIAA Traditional contracts held in RA, SRA, and GSRA formats are subject to plan-level restrictions, while TIAA Stable Value carries a 24-month discontinuance period with no contract exit fees.