I have 2 403b plans in TIAA. I thought it would be beneficial to roll my former employer’s plan into my current employer’s plan but I had an appointment with a TIAA rep today and she suggested to leave that plan because she said once I roll it into my current employer’s plan I can’t get that money out until I leave my current employer and also that I had more investment choices in my former employer’s plan. I asked her about expense ratios and she said that they were low and I’m better off leaving that plan as is.
When I got home I looked up the expense ratios of the funds I invested in and they seem high to me in comparison to the expense rations of the available funds in my current employer’s plan even though I can’t really compare because I don’t have the same investment options in both plans. Would you consider these high?
CREF Money Market Account (R3), Ticker symbol: QCMMIX, Expense ratio: 0.23%
CREF Stock Account (R3), Ticker symbol: QCSTIX, Expense ratio: 0.32%
TIAA Real Estate Account, Ticker symbol: QREARX, Expense ratio: 0.85%
TIAA-CREF International Equity Fund (Institutional), Ticker symbol: TIIEX, Expense ratio: 0.49%
TIAA-CREF Mid-Cap Value Fund (Institutional), Ticker symbol: TIMVX, Expense ratio: 0.41%
TIAA-CREF S&P 500 Index Fund (Institutional), Ticker symbol: TISPX, Expense ratio: 0.06%
But all available fund choices are:
American Funds EuroPacific Growth R5 (RERFX) 0.54%
American Funds Washington Mutual R5 (RWMFX) 0.35%
CREF Bond Market Account (R3) (QCBMIX) 0.29%
CREF Equity Index Account (R3) (QCEQIX) 0.23%
CREF Global Equities Account (R3) (QCGLIX) 0.33%
CREF Growth Account (R3) (QCGRIX) 0.27%
CREF Inflation-Linked Bond Account (R3) (QCILIX) 0.24%
CREF Money Market Account (R3) (QCMMIX) 0.23%
CREF Social Choice Account (R3) (QCSCIX) 0.27%
CREF Stock Account (R3) (QCSTIX) 0.32%
TIAA Real Estate Account (QREARX) 0.85%
TIAA-CREF Growth & Income Fund (Institutional) (TIGRX) 0.41%
TIAA-CREF International Equity Fund (Institutional) (TIIEX) 0.49%
TIAA-CREF Large-Cap Value Fund (Institutional) (TRLIX) 0.40%
TIAA-CREF Lifecycle 2010 Fund (Institutional) (TCTIX) 0.38%
TIAA-CREF Lifecycle 2015 Fund (Institutional) (TCNIX) 0.39%
TIAA-CREF Lifecycle 2020 Fund (Institutional) (TCWIX) 0.40%
TIAA-CREF Lifecycle 2025 Fund (Institutional) (TCYIX) 0.41%
TIAA-CREF Lifecycle 2030 Fund (Institutional) (TCRIX) 0.42%
TIAA-CREF Lifecycle 2035 Fund (Institutional) (TCIIX) 0.43%
TIAA-CREF Lifecycle 2040 Fund (Institutional) (TCOIX) 0.44%
TIAA-CREF Lifecycle 2045 Fund (Institutional) (TTFIX) 0.45%
TIAA-CREF Lifecycle 2050 Fund (Institutional) (TFTIX) 0.45%
TIAA-CREF Lifecycle 2055 Fund (Institutional) (TTRIX) 0.45%
TIAA-CREF Lifecycle 2060 Fund (Institutional) (TLXNX) 0.45
TIAA-CREF Lifecycle Retirement Income Fund (Institutional) (TLRIX) 0.38%
TIAA-CREF Mid-Cap Growth Fund (Institutional) (TRPWX) 0.47%
TIAA-CREF Mid-Cap Value Fund (Institutional) (TIMVX) 0.41%
TIAA-CREF S&P 500 Index Fund (Institutional) (TISPX) 0.06%
TIAA-CREF Small-Cap Equity Fund (Institutional) (TISEX) 0.41%
Western Asset Core Plus Bond I (WACPX) 0.45%
TIAA Traditional Annuity - Group Supplemental Retirement Annuity
TIAA Traditional Annuity - Retirement Annuity
TIAA Traditional Annuity - Supplemental Retirement Annuity
In my current employer’s plan I’m investing in TIAA-CREF Lifecycle Index 2035 Fund (Institutional) (TLYIX) 0.10%
But the plan has the following fund choices::
CREF Bond Market Account (R3) (QCBMIX) ER: 0.29%
CREF Equity Index Account (R3) (QCEQIX). ER: 0.23%
CREF Global Equities Account (R3) (QCGLIX) ER: 0.33%
CREF Growth Account (R3) (QCGRIX) ER: 0.27%
CREF Inflation-Linked Bond Account (R3) (QCILIX) 0.24%
CREF Money Market Account (R3) (QCMMIX) 0.23%
CREF Social Choice Account (R3) (QCSCIX) 0.27%
CREF Stock Account (R3) (QCSTIX) 0.32%
TIAA Real Estate Account (QREARX) 0.85%
TIAA-CREF Bond Index Fund (Institutional) (TBIIX) 0.12%
TIAA-CREF Equity Index Fund (Institutional) (TIEIX) 0.05%
TIAA-CREF International Equity Index Fund (Institutional) (TCIEX) 0.06%
TIAA-CREF Lifecycle Index 2010 Fund (Institutional) (TLTIX) 0.10%
TIAA-CREF Lifecycle Index 2015 Fund (Institutional) (TLFIX) 0.10%
TIAA-CREF Lifecycle Index 2020 Fund (Institutional) (TLWIX) 0.10%
TIAA-CREF Lifecycle Index 2025 Fund (Institutional) (TLQIX) 0.10%
TIAA-CREF Lifecycle Index 2030 Fund (Institutional) (TLHIX) 0.10%
TIAA-CREF Lifecycle Index 2035 Fund (Institutional) (TLYIX) 0.10%
TIAA-CREF Lifecycle Index 2040 Fund (Institutional) (TLZIX) 0.10%
TIAA-CREF Lifecycle Index 2045 Fund (Institutional) (TLXIX) 0.10%
TIAA-CREF Lifecycle Index 2050 Fund (Institutional) (TLLIX) 0.10%
TIAA-CREF Lifecycle Index 2055 Fund (Institutional) (TTIIX) 0.10%
TIAA-CREF Lifecycle Index 2060 Fund (Institutional) (TVIIX) 0.10%
TIAA-CREF Lifecycle Index Retirement Income Fund (Institutional) (TRILX) 0.10%
TIAA-CREF Money Market Fund (Institutional) (TCIXX) 0.14%
TIAA Traditional Annuity - Group Retirement Annuity
TIAA Traditional Annuity - Retirement Annuity
TIAA Traditional Annuity - Retirement Choice Plus
I have $135,233.83 in the old plan
New plan: $70,942
I'm not intending to take the money out when I'm still working for my employer and the other thing she mentioned was that I can take a loan from that plan. I'm not intending to do that either. Is there any other reason I should not rob over my old plan into a new one?