Tax-Deferred Annuity (TDA) Plan Vendors & Fees
Information and Support for Faculty and Staff
TDA Vendor Information
Provider | Contact Information | Investment Options and Fees |
---|---|---|
TIAA | TIAA 1-800-842-2776 UNI Benefits Office 319-273-2423 |
TIAA TDA Investment Options and Fees |
Understanding Fees
Fees and expenses can vary widely from fund to fund, or from fund class to fund class. Even small differences in fees can make a big difference in your investment returns over time. While lower fees do not necessarily translate into higher returns, when you invest in lower-cost funds, more of your money goes to purchasing investments and you keep a higher percentage of the potential returns generated by every fund in your portfolio.
To locate the fees you will want to view the expense ratio. An expense ratio is a ratio of your investment that goes toward the fund’s expenses on an annual basis. If you invest in a mutual fund with a 1.0 expense ratio, you’ll pay the fund 1.0% or $10 per year for every $1,000 invested. Expense ratios are not deducted from your account or investment rather from your return. This means if the investments owned by the fund delivered a gross return of 10%, and the fund has an expense ratio of 1%, your return, net of fees, is 9%.
Simple ways to find the expense ratio?
- You can locate the expense ratio of an investment through the vendor information below, on the investment page look for Expense Ratio. For Ameriprise or GALIC please contact them directly.
- You may also look up a fund’s expense ratio in the fund’s prospectus. You can download a fund’s prospectus from the mutual fund company’s website. Look in the table of contents for a section called Fees and Expenses, and it will tell you the expense ratio of your fund.