Does TIAA-CREF provide breakdowns of the interest and dividends credited to each TIAA and CREF variable annuity account?
No. Such a breakdown is not provided because no such amounts are credited by TIAA or CREF. The CREF accounts and the TIAA Real Estate Account are investment options in a variable annuity held pursuant to the terms of a qualified plan. Such options, unlike mutual funds sold directly to the public, are not required to distribute dividends and capital gains on an annual basis. Nor are the investment returns of investment options in a variable annuity subject to federal income taxes on an annual basis, as is generally the case with respect to privately purchased mutual funds. Instead, distributions from variable annuity contracts are taxed under Section 402 and Section 72 of the Internal Revenue Code when received. Premium contributions to variable annuities purchase additional units, the value of which are calculated daily. The changes in unit values reflect the gains, losses, dividends, and interest received by the entire account. For purposes of Form 5500 reporting, the investment exper
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- Does TIAA-CREF provide breakdowns of the interest and dividends credited to each TIAA and CREF variable annuity account?
- Does TIAA-CREF report the "cost" of units of the CREF and TIAA Real Estate accounts?
