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 Iowa community college employees to provide an alternative plan for their retirement planning.
The FutureTracc mission is to provide for your financial well-being throughout your lifetime – by building your future together.
FutureTracc now serves nearly 7,000 Plan Participants with approximately $550 million in assets.
This plan is not a generic formula. This partnership was created in response to specific requests from employees working in Iowa’s community colleges.
You are 100% vested immediately for both employee AND employer contributions.
Be as involved as you want in managing your account and contributions. Whether you set it and leave it or review and adjust often, there is expert guidance to tailor it to your preferences.
Ability to move retirement plan contributions with you from job to job.
Our plan administrator, TIAA, has been serving employee retirement plans since 1918.
Community Colleges for Iowa works closely with two highly respected financial services companies contracted to service the FutureTracc Retirement Plan. Here’s a snapshot of the roles each entity holds:
Record-keeping and participant account administration
Outreach and advisory consulting with Community College employees
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
FutureTracc is one of two retirement plan options offered at all 15 of Iowa’s 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.
How to get started:
