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Are there any fees associated with opening a VHEIP account?

April 26, 2017account associated fees opening VHEIP

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Are there any fees associated with opening a VHEIP account?

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With VHEIP, there are no sales charges, start-up or maintenance fees. TIAA-CREF, Tuition Financing, Inc. is paid an annual asset-based management fee to cover the cost of investment management, administrative services, the state fee plus the specific fees for the underlying mutual funds. TFI is an affiliate of TIAA-CREF Individual & Institutional Services, LLC, the distributor for VHEIP. For the Managed Allocation and 100% Equity options, the total of these fees will not exceed 0.80% of the average daily net assets of the trust.