Notice regarding fees on final TIAA statement

The City & County of Denver has been notified that participants are seeing a fee reflected on their final deferred compensation account statement from TIAA. After review by TIAA, it was discovered that the regular quarterly fee for 4th Quarter 2018 was not assessed at the end of December as it usually would have been, but instead was assessed on January 2, 2019.

While the fee was assessed a few days late, thereby moving it into the next quarter, this fee is appropriate and was not taken in error.