DRAKE UNIVERSITY MANDATORY TAX-DEFERRED ANNUITY RETIREMENT PLAN (FKA TIAA CREF RET. PLAN FOR FACULTY, ADMIN., CLERICAL AND TECH EE'S)

Plan Contact

  • Address: 2507 UNIVERSITY AVENUE,DES MOINES,IA
  • Contact person: VICTORIA F PAYSEUR
  • Phone: (515) 271-3112

Plan General Information

DRAKE UNIVERSITY MANDATORY TAX-DEFERRED ANNUITY RETIREMENT PLAN (FKA TIAA CREF RET. PLAN FOR FACULTY, ADMIN., CLERICAL AND TECH EE'S) Total Retirement Plan Assets

At the end of 2009, the total retirement plan assets of DRAKE UNIVERSITY MANDATORY TAX-DEFERRED ANNUITY RETIREMENT PLAN (FKA TIAA CREF RET. PLAN FOR FACULTY, ADMIN., CLERICAL AND TECH EE'S) is $153,861,522.00.This plan was established in 1938.

DRAKE UNIVERSITY MANDATORY TAX-DEFERRED ANNUITY RETIREMENT PLAN (FKA TIAA CREF RET. PLAN FOR FACULTY, ADMIN., CLERICAL AND TECH EE'S) Total Number of Retirement Plan Participants

At the end of 2009, the total number of retirement plan participants in DRAKE UNIVERSITY MANDATORY TAX-DEFERRED ANNUITY RETIREMENT PLAN (FKA TIAA CREF RET. PLAN FOR FACULTY, ADMIN., CLERICAL AND TECH EE'S) is 2339

DRAKE UNIVERSITY MANDATORY TAX-DEFERRED ANNUITY RETIREMENT PLAN (FKA TIAA CREF RET. PLAN FOR FACULTY, ADMIN., CLERICAL AND TECH EE'S) Average Participant Retirement Account Value

In 2009, the average participant retirement account value for DRAKE UNIVERSITY MANDATORY TAX-DEFERRED ANNUITY RETIREMENT PLAN (FKA TIAA CREF RET. PLAN FOR FACULTY, ADMIN., CLERICAL AND TECH EE'S) is $65,780.00

DRAKE UNIVERSITY MANDATORY TAX-DEFERRED ANNUITY RETIREMENT PLAN (FKA TIAA CREF RET. PLAN FOR FACULTY, ADMIN., CLERICAL AND TECH EE'S) Estimated Average Employee Contribution Amount

In 2009, the estimated average employee contribution amount per participant for DRAKE UNIVERSITY MANDATORY TAX-DEFERRED ANNUITY RETIREMENT PLAN (FKA TIAA CREF RET. PLAN FOR FACULTY, ADMIN., CLERICAL AND TECH EE'S) is $1,869.00.

DRAKE UNIVERSITY MANDATORY TAX-DEFERRED ANNUITY RETIREMENT PLAN (FKA TIAA CREF RET. PLAN FOR FACULTY, ADMIN., CLERICAL AND TECH EE'S) Estimated Average Employer Match

In 2009, the estimated average employer match for an employee in DRAKE UNIVERSITY MANDATORY TAX-DEFERRED ANNUITY RETIREMENT PLAN (FKA TIAA CREF RET. PLAN FOR FACULTY, ADMIN., CLERICAL AND TECH EE'S) is approximately $1,574.00
Investing in this additonal $1,574.00 for 20 years would give you extra $100,795.00, assuming a 10% annual return.

DRAKE UNIVERSITY MANDATORY TAX-DEFERRED ANNUITY RETIREMENT PLAN (FKA TIAA CREF RET. PLAN FOR FACULTY, ADMIN., CLERICAL AND TECH EE'S) Total Employer Contribution and Match Rate

In 2009, DRAKE UNIVERSITY MANDATORY TAX-DEFERRED ANNUITY RETIREMENT PLAN (FKA TIAA CREF RET. PLAN FOR FACULTY, ADMIN., CLERICAL AND TECH EE'S) allocates $3,683,754.00 to match its employees' contributions, providing an employer match rate of 168.49% of their contributions

DRAKE UNIVERSITY MANDATORY TAX-DEFERRED ANNUITY RETIREMENT PLAN (FKA TIAA CREF RET. PLAN FOR FACULTY, ADMIN., CLERICAL AND TECH EE'S) Total Retirement Plan Asset Growth Rate

In 2009, the total retirement plan asset growth rate of DRAKE UNIVERSITY MANDATORY TAX-DEFERRED ANNUITY RETIREMENT PLAN (FKA TIAA CREF RET. PLAN FOR FACULTY, ADMIN., CLERICAL AND TECH EE'S) is 11.70%.

DRAKE UNIVERSITY MANDATORY TAX-DEFERRED ANNUITY RETIREMENT PLAN (FKA TIAA CREF RET. PLAN FOR FACULTY, ADMIN., CLERICAL AND TECH EE'S) Estimated Aggregate Retirement Account Investment Gain/Loss

In 2009, the estimated aggregate retirement account investment gain/loss for DRAKE UNIVERSITY MANDATORY TAX-DEFERRED ANNUITY RETIREMENT PLAN (FKA TIAA CREF RET. PLAN FOR FACULTY, ADMIN., CLERICAL AND TECH EE'S) is 14.23%. This measures the effectiveness of the plan participants' investments in the year.

DRAKE UNIVERSITY MANDATORY TAX-DEFERRED ANNUITY RETIREMENT PLAN (FKA TIAA CREF RET. PLAN FOR FACULTY, ADMIN., CLERICAL AND TECH EE'S) Expense Ratio

In 2009, the investment and administrative expense ratio of DRAKE UNIVERSITY MANDATORY TAX-DEFERRED ANNUITY RETIREMENT PLAN (FKA TIAA CREF RET. PLAN FOR FACULTY, ADMIN., CLERICAL AND TECH EE'S) is 0.00%.

Enrollment Features

DRAKE UNIVERSITY MANDATORY TAX-DEFERRED ANNUITY RETIREMENT PLAN (FKA TIAA CREF RET. PLAN FOR FACULTY, ADMIN., CLERICAL AND TECH EE'S) has the following features:
    Default Investments: It uses a default investment account for participants or employees who fail to direct assets in their account.

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