Why Is Cta Defending Status Quo in 403(b) Forum Posted March 29, 2011 · Report reply Dan.. ahh.. my apologies.. this is your site.. I was referring to Steve's post.. talking about the non profit status of TC.. from your link.. "Since 1998, both TIAA and CREF have been subject to federal income taxation following a decision by Congress to end the organization's tax-exempt status under Section 501©(3) the Internal Revenue Code." non profit? I have a real life.. and I teach.. I am free to meet whenever, just PM.. I even sent Steve a PM in regards to the meeting in LAUSD.. never got a response. I hear pluses and minuses about all companies.. Vanguard.. do a little research and you will read about fees that people were stuck with that they were unaware of and the difficulty some of my peers have had from moving money from Tiaa to another company. Things happen and thats life. Finally.. I will say that the salaries of TIAA don't add up to the millions in bonuses that some of the other companies make and TIAA has even had a troubled past with it's company.. some employees anyway. That in itself does not make it a bad company. Steve... I am so glad that you can make the investment decisions for all of us in regards to where we want to put our money. Speaking of profits.. just took a quick look.. in 2006 TC made @ 2.6 billion in profits and came in second among insurers.. yet they made more profit than the 1st and 2nd companies combined. Need to get some more recent data.. that was just a quick look around.