MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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|
MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Tuesday, June 14, 2011 TIAA-CREF Commits $10M Per Year to a 529 Win TIAA-CREF [see profile] is putting the weight of its wallet behind a big win. Yesterday California reportedly tapped the 403(b)-giant to run its $4.2-billion, 280,000-account 529 plan. Bloomberg and the LA Times both covered the news. Fidelity, which previously ran the plan, did not submit a bid for the business this time. Bloomberg reports that TIAA-CREF will now spend $10 million a year to market the plan. Printed from: MFWire.com/story.asp?s=37066 Copyright 2011, InvestmentWires, Inc. All Rights Reserved |