FINANCIAL_SERVICESONGOING

TIAA Recordkeeping Fees To Be Renegotiated

TIAA continues to provide recordkeeping and administrative services for the University of Maine System’s defined contribution plans at approximately $45 per participant in revenue. CAPTRUST will engage TIAA to negotiate potential fee reductions following significant recent plan asset growth.

Status
ONGOING
Document date
May 7, 2026
Contract type
FINANCIAL_SERVICES
Vendor
TIAA
Agency
University of MSBT|Audit Committee · ME

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WithersRavenel logo
Derivita logo
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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
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Scope & details

The full contract record, as filed.

Contract amount
Administration & recordkeeping revenue at $45 per participant (benchmarked range $39–$45)
Contract type
FINANCIAL_SERVICES
Renewal
Current fee arrangement was last negotiated approximately eight months before the May 2026 meeting; CAPTRUST plans to reopen discussions with TIAA for possible fee reductions.
Document type
Minutes
Source document
University of Maine System Investment Committee Minutes 2026-05-07

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by University of MSBT|Audit Committee?

TIAA was awarded this financial services contract by University of MSBT|Audit Committee, as recorded on May 7, 2026. The contract value is Administration & recordkeeping revenue at $45 per participant (benchmarked range $39–$45).

How much is the TIAA contract with University of MSBT|Audit Committee worth?

The TIAA contract with University of MSBT|Audit Committee is valued at Administration & recordkeeping revenue at $45 per participant (benchmarked range $39–$45), covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a minutes record.

Where was this contract approved?

This contract appears in University of Maine System Investment Committee Minutes 2026-05-07 (Minutes), dated May 7, 2026 from University of MSBT|Audit Committee. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does TIAA hold?

TIAA may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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What is University of MSBT|Audit Committee currently buying?

Explore University of MSBT|Audit Committee's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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