What is the class action claim?

TIAA engaged in prohibited transactions under ERISA in connection with rolling participants in TIAA 401-K Plans out of TIAA record-kept plans and into TIAA managed IRAs which charged higher fees.  Affected participants may have engaged in a partial rollover, leaving some assets in the plan invested in TIAA annuity funds, and rolling the rest into a managed IRA as part of the Completion Portfolio managed account program. Or a participant may have done a 100% rollover and invested in one of two TIAA managed account programs, Portfolio Advisor for accounts under $1m, and Private Asset Management for over $1 million.

Who can join this class action?

Any former employees of TIAA or employees of an employer using TIAA 401-k Plans affected by the above ERISA prohibited transactions within the past six (6) years.  

Is there any cost to me?

No.  All plaintiff attorneys are litigating this case on a contingency fee basis.

What if I signed a severance agreement with a release of claims?

Severance agreements generally cannot prevent you from being part of a class action or a being a class representative in this type of case.  Please contact us if you have more questions on your specific severance agreement.

How can I help &/or participate?

     1. We are interested in reviewing documents: 

  • Any TIAA 401-k plan documents
  • Annual Fee Disclosure
  • Statements – Please feel free to redact any personal data

Please email to mk@mk-llc.com or fax to 646-546-5755.

  1. Refer other former TIAA employees or employees of an Employer using TIAA 401-K Plans by sharing this page and or posting on social media (FB, LinkedIn).
  2. Join the case as a plaintiff Class Representative.

Read about Class Representative Duties.

Please feel free to email mk@mk-llc.com or call 646-546-5664 with any additional questions.

Online Retainer Instructions

  1. Please carefully read and check box "Part I -– Class Representative Duties"
  2. Please complete "Part II - Client Contact & Employment Information."
  3. Make sure all the required fields are filled out and as many of the optional fields as possible.
  4. Please carefully read & sign the Retainer Agreement
  5. Click the "Click to Sign" button to submit your signed agreement.
  6. Check for an email from "Adobe Sign" and click the "Confirm my email address" link to verify your signature and complete the process.
  7. One of our Attorneys will contact & speak with you by phone to finalize your joining this case. Please note: You must have a phone conversation with one of our Attorneys to complete your retention as a client of MKLLC LAW.