TIAA Recordkeeping Fees To Be Renegotiated
University of Maine System Board of Trustees Audit Committee | State of MaineState · Orono, ME- Disclosed value
- Administration & recordkeeping revenue at $45 per participant (benchmarked range $39–$45)
- From minutes
- Document date
- May 7, 2026
The 30-second brief
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.
TIAA holds this financial services contract with University of Maine System Board of Trustees Audit Committee | State of Maine. Its other public contracts on record include work for Northern Virginia Community College and South Carolina Public Employee Benefit Authority | State of South Carolina.
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Contract details
- Contract type
- Financial Services
- Amount
- Administration & recordkeeping revenue at $45 per participant (benchmarked range $39–$45)
- Document date
- May 7, 2026
- Vendor
- TIAA
- Source document
- University of Maine System Investment Committee Minutes 2026-05-07 (Minutes)
TIAA's other public contracts
More University of Maine System Board of Trustees Audit Committee | State of Maine contracts
Questions about this contract
Who was awarded the financial services contract by University of Maine System Board of Trustees Audit Committee | State of Maine?
TIAA was awarded this financial services contract by University of Maine System Board of Trustees Audit Committee | State of Maine, 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 Maine System Board of Trustees Audit Committee | State of Maine worth?
The TIAA contract with University of Maine System Board of Trustees Audit Committee | State of Maine 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 Maine System Board of Trustees Audit Committee | State of Maine. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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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.
What is University of Maine System Board of Trustees Audit Committee | State of Maine currently buying?
Explore University of Maine System Board of Trustees Audit Committee | State of Maine's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.
