📋 AARP Foundation Joins Case Over TIAA’s Plan Management (AARP Article/Advocacy)

[Winter2025VA]

FROM THE ARTICLE.

Class-action suit alleges high fees and poor returns cost employees of the financial firm millions of dollars.

By Deirdre Shesgreen, AARP. Published September 10, 2025.

AARP Foundation has joined a class-action lawsuit on behalf of older employees of a major financial services company, alleging the firm mismanaged the retirement funds of 28,000 participants.

The suit accuses the Teachers Insurance and Annuity Association of America (TIAA) of engaging in self-dealing and mismanagement by failing to remove a TIAA-managed fund with high fees and a poor investment record from its employees’ retirement plans.

USE LINK BELOW TO READ THE ARTICLE.

https://www.aarp.org/advocacy/aarp-foundation-tiaa-lawsuit.html