Plan Costs

Fidelity and TIAA-CREF charge fees for administering your accounts.


Participants with an account through Fidelity will be assessed a fixed quarterly fee of $16.25, which will be deducted directly from participant accounts and reflected on their Fidelity participant account statements.

At distribution, certain funds available through Fidelity may charge a redemption fee. These fees are described in the fund prospectus. In addition, expenses related to mutual fund management are assessed before mutual fund earnings are credited to your account.


Each investment offered within a TIAA-CREF plan charges a fee for managing and operating the investment; the fee is paid only for those investments you actually use and in proportion to the amount of your investment. These fees are not deducted directly from your account; you pay them indirectly through what is known as an expense ratio. Read more about these fees.

For Group Retirement Annuity (GRA) contracts (in the Boston University Retirement Plan) and subject to the terms of the plan, lump-sum withdrawals are available from the TIAA Traditional Annuity only within 120 days after termination of employment and are subject to a 2.5% surrender charge. All other withdrawals and transfers from the account must be spread over nine annual installments (five for withdrawals after termination of employment).