Community college employees expressed a need for retirement planning that fits their needs. Community College for Iowa partnered with TIAA to created FutureTracc, an expansion to previous offerings for a course to retirement you can count on.
FutureTracc was designed specifically for employees of Iowa Community Colleges, to provide an alternative plan giving them a choice for their retirement planning.
The FutureTracc mission is to provide for your financial well-being throughout your lifetime – by building your future together.
FutureTracc provides many benefits for its Plan participants – giving you options for the level of involvement and risk control best suited for you and your financial future.
You are 100% vested immediately for both employee AND employer contributions.
Be as involved as you want in managing your plan’s account and contributions, or rely on TIAA to manage your plan for you. Customize the level of risk and involvement you want.
Ability to move retirement plan contributions with you from job to job.
You are in good hands as Plan Administrator TIAA has been serving employee retirement plans since 1918.
TIAA is at the ready to assist you with plan selection and ongoing guidance via 1-on-1 sessions with knowledgeable representatives, as well as accessible educational resources.
An Iowa plan – designed for employees working in Iowa’s Community Colleges.
FutureTracc, a defined contribution plan, is one of two retirement plan options offered at all 15 Iowa Community Colleges. Community College employees have the option to choose the plan that is right for them upon hiring.
FutureTracc works closely with the Community Colleges to serve the best interests of its employees.
Contact your college’s HR Department for plan selection and enrollment materials.
For questions about the plan or to schedule an appointment with a TIAA financial consultant at no additional cost to you, please call 1-800-842-2252 or visit www.TIAA.org/schedulenow.
FutureTracc serves nearly 7,000 Plan Participants, with approximately $550 million in assets.
Community Colleges for Iowa works closely with two highly-respected financial services companies contracted to service the FutureTracc Retirement Plan.
To provide clarity on each of the entities involved with the FutureTracc Plan, below is a snapshot of the roles each entity plays in the oversight and operations of the Plan.
Provides the Plan to Community College employees
Oversight of Plan Service Providers
Manages Plan Advisory and Investment Committees
Liaison with Community Colleges
Fiduciary and regulatory responsibilities
Advises on investments through the Plan Investment Committee
Strategic oversight of the Plan
Record-keeping and participant account administration
Outreach and advisory consulting with Community College employees
