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BE The tools you need to start down the path to financial security
The Wise Choice for Public Employees Offered by the NPPFA
1
Welcome to THE WISE CHOICE FOR PUBLIC EMPLOYEES!
The National Public Pension Fund Association has been created by fellow public sector workers to
assist our fellow brothers and sisters in achieving their retirement goals. As an association of Public
Sector Employees responsible for managing pension fund assets, we have created the ‘THE WISE
CHOICE FOR PUBLIC EMPLOYEES’ - a 457(b) Deferred Compensation Plan, to make sure that the
public sector employee had access to a supplemental savings plan that was created in their best
interests, not the interests of the sales person, broker or insurance company. This plan was built by
pooling the buying power of thousands of public sector employers from across the country.
The National Public Pension Fund Association believes that no employee should have to pay higher
fees or receive less service because they work for a small or medium size public employer or one
who has not performed due diligence in vendor selection. Our plan offers the same pricing and plan
design to all public employees, regardless of size.
From the day you’re hired THE WISE CHOICE FOR PUBLIC EMPLOYEES will support you through each
stage of the retirement planning process. Whether you’re starting to save for the first time or already
participating in the plan THE WISE CHOICE FOR PUBLIC EMPLOYEES will be with you every step of
the way. We encourage you to invest in yourself and your future by participating in THE WISE CHOICE
FOR PUBLIC EMPLOYEES through Transamerica Retirement Solutions.
Transamerica Retirement Solutions is a firm dedicated exclusively to providing retirement savings
plans. Transamerica is a subsidiary of AEGON. AEGON is a 170 year old company with nearly $800
billion dollars of assets under management.
Please read through this booklet so you can better understand
this valuable program. Be sure to enroll as soon as possible
so you can begin maximizing this valuable benefit.
James M. McNamee, President
National Public Pension Fund Association
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Maximize your NPPFA Deferred Compensation Plan
Enroll today — Complete the enrollment form provided.
Catch up on your contributions (must be age 50 or older or 3 years prior to normal retirement
age).
Designate your beneficiary. Complete the Beneficiary Designation form, and follow the instructions on the form for mailing.
Reduce your clutter. Sign up for e-documents today.
Rebalance your account automatically by using Auto-Rebalance.
For retirement counseling, just call 800-755-5801 or visit us online.
As an active participant, you can access your retirement account 24/7 by signing in to my.trsretire.com or calling us toll-free at 800-755-5801.
You may also speak with a customer service representative for enrollment assistance, investment guidance, and retirement planning support.
First-time online users my.trsretire.com
First-time callers 888-676-5512
Questions? Visit my.trsretire.com
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What is a 457(b) plan?A 457(b) plan is a supplemental savings program that allows you to defer current compensation until after severance of employment or until retirement. It is also known as “Deferred Compensation.” The primary use of a 457(b) deferred compensation plan is for public sector employees to supplement their pensions and to improve their retirement lifestyle. Contributions are payroll deducted prior to the calculation of withholding taxes and are not part of your W-2 taxable income. These funds grow tax deferred.
Taxation of distributions at separation of service All funds withdrawn are taxed upon withdrawal as ordinary income. There is no 10% excise tax on distributions made after separation of service from 457(b) plans, regardless of age.
On-demand representatives NPPFA Benefits is the exclusive marketer of the “The Wise Choice for Public Employees.” We have dedicated representatives who are available to meet with you on a one to one basis. To schedule an appointment or to just talk to us at any time, please call:
NPPFA Benefits Chicago Office
866-994-6312
Joel BabbittKevin O’Brien
773-617-9690 (cell)312-340-9778 (cell)
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457(b) Eligibility You are immediately eligible to participate in the plan.
How much can I contribute?You may choose to make contributions up to the maximum allowed by law. The annual IRS dollar limit of $18,000 applies for 2017. This limit is indexed annually by the IRS.If you are age 50 or older (or you reach age 50 during the current calendar year), you can make additional catch-up contributions up to $6,000 in 2017.
In the three calendar years prior to the year of retirement with a pension that is not actuarially reduced, you may be eligible to use the “alternative catch up rule.” This may allow you to double your maximum contributions by using prior unused contribution limits. Police and Fire may be able to access this provision as early as 47; IMRF participants at age 52 under certain circumstances but normally at 57. This provision may not be used concurrently with the age 50 catch up.
What do I do with money in another 457(b) plan?If you have an existing retirement plan account with a prior employer, you may roll over that account into this plan at any time. Consolidating your retirement accounts makes it easier for you to make sure your investment strategy is on track for meeting your retirement goals. Please see “What should I do with my ‘other’ retirement and supplemental savings plan assets?” section at the end of this section.
Vesting Vesting refers to your "ownership" of your account. You are always 100% vested in your contributions to this plan.
Access t o funds while employedThere are two ways to access your funds while you are employed (in-service access): loans or hardships
Loans You may borrow from the plan, using your account as security (conditions and restrictions may apply). All loans with a same employer plan are aggregated for these limits. You must count both your The Wise Choice for Public Employees and another other 457(b) through your current employer together for his purpose.
Minimum loan amount: $1,000
Maximum loan amount: 50% of your vested account balance, up to $50,000
General loan interest rate: Prime
Maximum general loan term: 5 years. If for primary residence, then the loan may be amortized over 15 years.
Loan Origination fee: A one-time set-up fee of $75 per loan that is deducted from the loan distribution.
Maximum number of outstanding loans: 3
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Withdrawals Vested funds may be withdrawn from your plan account in these events:
Termination of employment or retirement (any age*)
Unforeseeable emergency – “Hardship” (as defined by IRS Regulations)
Disability
Death
Distributions must begin no later than the latter of attainment of age 70½ or retirement. Please see your Plan Administrator for additional important information about your future distribution election.
*There is no 10% excise tax on distributions made after separation of service from 457(b) plans, regardless of age.
Roth 457 You may make all or a portion of your contribution as an after-tax Roth contribution. The funds will grow tax free. Distributions are received tax free as long as the funds were in the plan for five years and the withdrawal is taken after age 59½.
Each employer must activate a payroll slot for this purpose. Check with your employer to see if Roth 457 is available in your jurisdiction.
Expenses The Wise Choice for Public Employees includes no annual account fee, no wrap fees, and no contingent deferred sales charges. The participant will pay only the fee listed on the fund sheets. If the participant exercises Schwab Personal Choice Retirement Account® (PCRA), there is a $50 annual fee imposed by Charles Schwab.
Schwab Personal Choice Retirement Account® (PCRA) Schwab PCRA is a not a mutual fund but rather a participant self-directed brokerage account maintained at
Charles Schwab & Co., Inc. Participants must individually apply for PCRA and are solely responsible for their
fund selections made under the PCRA. Commissions and transaction fees may apply to fund trades placed
outside of the Schwab Mutual Fund OneSource® program or trades on other investment vehicles available
through Schwab. An annual fee of $50 will be applied by Transamerica if you invest in the Schwab PCRA.
Securities purchased through the PCRA are available through Charles Schwab & Co. Inc., (Member SIPC).
Charles Schwab & Co., Inc. is not affiliated with Transamerica Retirement Solutions.
Investment DirectionYou decide how your account will be invested among the available investment options. You may change your
investment allocation at any time. Transfers among investment options may be made at any time and may be
subject to certain restrictions. The available investment options are presented as follows in groups to illustrate
the applicable transfer restrictions.
Investment Group A: Stable Value Fund Investment Group B: Schwab PCRA Investment Group C: All other funds
Monies in a Group A investment option cannot be transferred to a Group B investment option. Monies transferred from a Group A investment option to a Group C investment option must remain in this investment option for at least 90 days before they may be transferred to a Group B investment option or back to a Group A investment option.
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Beneficiary Designation It is necessary that you designate a beneficiary so that your assets can be distributed according to your wishes upon your death. Otherwise funds will be distributed according to state statute.
What should I do with my “other” retirement and supplemental savings plan assets?If you have a 457(b) with your current or prior employer, a 403(b) account with a prior employer, a 401(k) or Pension with a prior employer you may wish to investigate the possible advantages of consolidating your assets. If you have an IRA, you may also want to consider consolidating that account into The Wise Choice Plan. There is no tax penalty to consolidate your prior retirement and supplemental savings assets into The Wise Choice for Public Employees. There may be fees imposed by your current vendor. Please contact NPPFA Benefits at 1-866-994-6312 or your account representative for personalized assistance on determining if consolidation of your current plans is in your best interest.
Some vendors require their paperwork in addition or instead of ours. We will help you with the other company’s paperwork.
Can I use these funds to purchase pension service credit? Yes, this is called a permissive service credit. You may use both 457(b) and 403(b) fund for this purpose. It is a direct transfer to your governmental pension. If you want to pursue this option, contact the appropriate Pension Fund to obtain a service purchase quote. Then call NPPFA Benefits at 1-866-944-6312 to initiate the transfer of funds in the required amount.
The NPPFA Story
The National Public Pension Fund Association (NPPFA) was created and modeled after the National Association of Pension Funds (now called Pensions and Lifetime Savings Association) located in the United Kingdom. NPPFA is the National Public Pension Funds Association and is a non-profit association that offers low cost benefit programs to public sector employees. Nationally there is a strong need for supplemental retirement programs delivered at a low cost and that also provide participants with financial advice and guidance.
The NPPFA 457(b) Deferred Compensation Plan was formed to incorporate best practice plan design and pricing to help public sector employees, regardless of size, achieve greater retirement plan account balances. This plan was built by pooling the buying power of hundreds of local units of government in the United States with a single vendor. NPPFA believes no employee should have less money at retirement just because they work for an employer that does not have the size to negotiate large case pricing. The two largest 457 vendors have multiple pricing schemes. The NPPFA 457(b) has a single price and that price has come down as the co-op has increased in size.
By pooling the buying power of local units of government, NPPFA has been able to negotiate a program that normally would require a single employer to have 100 million dollars in assets available for deposit into the plan before this fee structure would be available. Within the core funds, The Wise Choice Plan provides total delivered pricing from 0.00% – 1.55% annually. The plan also includes a Fixed/Stable Value Fund without the typical liquidity restrictions. Since the inception of The Wise Choice Plan in September of 2001, the plan has saved participants over $16 million dollars in fees. Currently, there are over 145 units of government participating in the co-op with over $300 million in assets as of November 2016.
The Wise Choice Deferred Compensation plan has been designed to emphasize employee education and was created with easy to understand enrollment materials. The NPPFA program has investment options for each type of investor. For those who want complete management, including asset allocation, the plan contains a managed account called Portfolio Express and is provided to all of our participants at no additional fee.
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For the investor who wants to “do it themselves” the plan has the Schwab PCRA account which provides the investor the opportunity to invest their money using the Schwab platform. Within this platform, participants can choose from over 4,800 funds and 150 Exchange Traded Funds. The PCRA option includes fund families such as Fidelity, Vanguard and American Funds.
More Investment Choices
Lower Fees
Managed Account at no additional fee
Brokerage Option of Mutual Funds and Exchange Traded
Funds
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Important Disclosures:
Review the fees and expenses you pay, including any charges associated with transferring your account,
to see if consolidating your accounts could help reduce your costs. Be sure to consider whether such a
transfer changes any features or benefits that may be important to you.
Descriptions of plan features and benefits are subject to the plan document. The plan document will
govern in the event of any inconsistencies.
For more information on any registered fund, please call Transamerica Retirement Solutions at 800-
755-5801 for a free summary prospectus (if available) and/or prospectus. Since the investment options
available under a collective trust are exempt from SEC registration, a prospectus is not available with
respect to such investment options. You should consider the objectives, risks, charges, and expenses of
an investment carefully before investing. The summary prospectus and prospectus contain this and
other information. Read them carefully before you invest.
Securities are offered by Transamerica Investors Securities Corp. (TISC), 440 Mamaroneck Avenue,
Harrison, NY 10528. Any mutual fund offered under the plan is distributed by that particular fund’s
associated fund family and its affiliated broker-dealer or other broker-dealers with effective selling
agreements such as TISC. Bank collective trusts funds are not insured by the FDIC, the Federal Reserve
Bank or any other government agency and are not registered with the Securities and Exchange
Commission. Group annuity contracts, if offered under the plan, are made available through the
applicable insurance company. Any guarantee of principal and/or interest under a group annuity contract
is subject to the claims-paying ability of the applicable insurer. Certain investment options made available
under the plan may be offered through affiliates of Transamerica Retirement Solutions and TISC. These
may include: (1) the Transamerica Funds registered mutual funds distributed by Transamerica Capital,
Inc. (TCI) and advised by Transamerica Asset Management, Inc. (TAM)); (2) the Diversified Investment
Advisors Collective Trust, a collective trust fund of Massachusetts Fidelity Trust Company (MFTC)
(includes the Stable Pooled Fund); (3) group annuity contracts issued by Transamerica Financial Life
Insurance Company (TFLIC), 440 Mamaroneck Avenue, Harrison, NY 10528 (includes the Stable Fund,
the Fixed Fund, the Guaranteed Pooled Fund, and SecurePath for Life); and (4) group annuity contracts
issued by Transamerica Life Insurance Company (TLIC), 4333 Edgewood Road NE, Cedar Rapids, IA
52499 (includes SecurePath for Life). NPPFA has selected Transamerica Retirement Solutions as your
retirement plan provider, but there are no other affiliations between NPPFA and Transamerica
Retirement Solutions, TISC, TCI, TAM, MFTC, TFLIC, or TLIC.
PT 3186 (12/12)
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Start Age
Contribution Per
Pay Period* Monthly Contribution Total Contributions Value at Age 65** Years Until Age 65 Rate of Return
25 $143.23 $286.45 137,496.11$ $1,000,000.00 40 8%
30 $217.97 $435.94 183,095.69$ $1,000,000.00 35
35 $335.49 $670.98 241,552.47$ $1,000,000.00 30
40 $525.75 $1,051.50 315,448.66$ $1,000,000.00 25
45 $848.87 $1,697.73 407,456.17$ $1,000,000.00 20
50 $1,444.93 $2,889.85 520,173.75$ $1,000,000.00 15
55 $2,733.05 $5,466.09 655,931.13$ $1,000,000.00 10
60 $6,804.86 $13,609.73 816,583.66$ $1,000,000.00 5
* Assumes 24 Pay Periods
** Assumed rate of return 8%
Start Age
Contribution Per
Pay Period* Monthly Contribution Total Contributions Value at Age 60** Years Until Age 60
25 $217.97 $435.94 183,095.69$ $1,000,000.00 35
30 $335.49 $670.98 241,552.47$ $1,000,000.00 30
35 $525.75 $1,051.50 315,448.66$ $1,000,000.00 25
40 $848.87 $1,697.73 407,456.17$ $1,000,000.00 20
45 $1,444.93 $2,889.85 520,173.75$ $1,000,000.00 15
50 $2,733.05 $5,466.09 655,931.13$ $1,000,000.00 10
* Assumes 24 Pay Periods
** Assumed rate of return 8%
Start Age
Contribution Per
Pay Period* Monthly Contribution Total Contributions Value at Age 55** Years Until Age 5525 $335.49 $670.98 241,552.47$ $1,000,000.00 30
30 $525.75 $1,051.50 315,448.66$ $1,000,000.00 25
35 $848.87 $1,697.73 407,456.17$ $1,000,000.00 20
40 $1,444.93 $2,889.85 520,173.75$ $1,000,000.00 15
45 $2,733.05 $5,466.09 655,931.13$ $1,000,000.00 10
50 $6,804.86 $13,609.73 816,583.66$ $1,000,000.00 5
* Assumes 24 Pay Periods
** Assumed rate of return 8%
How Much Do I need to save to accumulate $1,000,000 by age 65
How Much Do I need to save to accumulate $1,000,000 by age 60
How Much Do I need to save to accumulate $1,000,000 by age 55
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Determine Your Savings Goal
How much income can you expect from Social Security? Request your estimate at ssa.gov or 800-772-1213.
You may need more income than you think.
The income you'll need in retirement depends greatly on your circumstances, including your age, health, income, investments, and savings. Based on today's average life expectancy, you may need your nest egg to last for 20 years or more. And don't forget about rising health care costs. In fact, a leading study estimates that you may need 77% to over 94% of your final preretirement income to maintain your lifestyle after your regular paychecks stop.(1)
Most of your income will come from you.
Social Security covers only about 37%* of the average retiree's income, and fewer employers offer traditional pension plans. In reality, most of your retirement income will likely come from your own savings, part-time employment in retirement, or both. If your goal is to live comfortably and work less in retirement, you need to start saving today.
*Fast Facts & Figures About SocialSecurity, 2011.Total does not necessarily equal 100%due to rounding.
Choose your tax treatment.
You can save with traditional pre-tax contributions, after-tax Roth contributions, or a combination of both. Pre-tax savings give you tax benefits right away and could make contributing more cost less than you think. Roth savings could pay off down the road, when you might be in a higher income tax bracket. Our online calculators can help you decide which strategy makes sense for you.
Aim for a perfect 10.
Try to save at least 10% of your pay for retirement. If that seems like too much now, start smaller by putting away about 5%, then raise your rate gradually by, say, 1% a year on your birthday. That's a gift that keeps on growing!You should evaluate your ability to continue saving in the event of a prolonged market decline, unexpected expenses, or an unforeseeable emergency.
(1) Aon Consulting, 2008 Replacement Ratio Study.™
SOURCES OF RETIREMENT INCOME*
Questions? Visit my.trsretire.com
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Investment Solutions Your NPPFA Deferred Compensation Plan makes it easy to choose an investment strategy and easy to maintain or adjust your strategy over time.
Choose a one-step solution.
Make it automatic with PortfolioXpress®.If your financial picture is relatively straightforward, consider PortfolioXpress. This service establishes an investment mix based on the retirement year and risk preference you select. Then it regularly rebalances your account to a more conservative mix over time. It's a solution for people who are saving for retirement and want automatic diversification. You can subscribe to PortfolioXpress at my.trsretire.com.
When you sign up for PortfolioXpress your retirement plan assets are invested in an asset allocation mix that is appropriate for the retirement year you select. PortfolioXpress automatically rebalances your account each quarter. As you get closer to your targeted retirement year, PortfolioXpress adjusts your assetallocation to a more conservative mix.
You can easily track the progress of your portfolio online and through your quarterly account statements. Your circumstances will change over time therefore it is recommended that you review your investment strategy to make sure it continues to reflect your current retirement needs. There is no additional cost for PortfolioXpress, though you would still bear the fees of the underlying funds in which your account is invested.
PortfolioXpress® is a registered service mark of Transamerica Retirement Solutions Corporation (Transamerica). PortfolioXpress presents a series of asset allocation models up to and through a designated retirement year. You are solely responsible for choosing the retirement year and risk preference. By subscribing to the service, you agree to each of the asset allocation mixes and automated rebalancing transactions that will take place over time within your account as you approach the selected retirement year. If you sign up, you should carefully review the service agreement for additional information regarding fees and other terms and conditions that may apply to this service. Retirement date portfolios are subject to the same risks as the underlying asset classes in which they invest. The higher the portfolio's allocation is to stocks, the greater the risk. The principal value of the portfolio is not guaranteed at any time, including at and after the target date.
Questions? Visit my.trsretire.com
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Select one fund that maintains a diversified mix.Asset allocation funds are diversified funds that offer a range of investment mixes depending on your comfort level with risk and how long you have until you retire. The funds range from short-term, conservative options that invest more of their assets in bonds to long-term, aggressive options that invest more of their assets in stocks. These funds do not change their asset allocation to become more conservative over time.
You can select an asset allocation fund based on your desired risk level and/or years until retirement. Asset allocation funds are subject to the risks of the underlying funds in which they invest. To the extent the fund invests more of its assets in stock investments; it will be subject to greater risk than a fund investing more of its assets in bond funds.
Do it yourself.
Create your own investing strategy.You can also create your own investment mix using the funds available in your plan. These funds offer flexibility for both new and experienced investors. With this approach, you can develop an investing strategy that is tailored just for you.
To supplement the investment funds offered under your plan, you may choose to open a Schwab Personal Choice Retirement Account® (PCRA). PCRA is a self-directed investment option that allows you to direct purchases and sales within your account in investment options other than those offered under the plan.
By establishing a PCRA you assume responsibility for controlling your investments. For more information on establishing and maintaining a PCRA, please call Transamerica at 800-755-5801.
You must individually apply for PCRA and are solely responsible for your fund selections made under the PCRA. Commissions and transaction fees may apply to fund trades placed outside of the Schwab Mutual Fund OneSource® program or trades on other investment vehicles available through Schwab. An annual fee of $50 will be applied by Transamerica if you invest in the Schwab PCRA. Securities purchased through the PCRA are available through Charles Schwab & Co. Inc., (Member SIPC). Charles Schwab & Co., Inc. is not affiliated with Transamerica.
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“My financial picture is relatively straightforward, so a savings strategy based on when I plan to retire and my comfort with risk is probably a good starting point.”
Does this statement sound like you? If so, consider PortfolioXpress, our automatic asset allocation and rebalancing service. And although you will continue to bear the fees of the underlying funds in which your account is invested, the PortfolioXpress service is offered at no additional cost to you.
One-step diversification
PortfolioXpress uses the funds in your plan, and the retirement year and risk preference you choose, to present you with a diversified investment mix for today and a “glide path” of adjustments for tomorrow.
Once you agree, the service automatically:
• Rebalances your account and contributions to reflect your mix.
• Rebalances your portfolio each quarter to maintain your mix as needed.
• Adjusts your mix to become more conservative over time.
This way, you can focus on your savings goal, track your progress at my.trsretire.com and on your quarterly statements—and get on with your life! Your circumstances may change over time, so review your investing strategy periodically to make sure it continues to reflect your current situation.
A glide path charts the course for your investment mix.
Think ahead. Take action now.
� Go automatic! Sign up for PortfolioXpress at my.trsretire.com, or call 800-755-5801 for more information. Be sure to review the investment mixes and glide path before investing.
PortfolioXpress® is a registered service mark of Transamerica Retirement Solutions Corporation (Transamerica). PortfolioXpress® presents a series of asset allocation models up to and through a designated retirement year. You are solely responsible for choosing the retirement year and risk preference. By subscribing to the service, you agree to each of the asset allocation mixes and automated rebalancing transactions that will take place over time within your account as you approach the selected retirement year. If you sign up, you should carefully review the service agreement for additional information regarding fees and other terms and conditions that may apply to this service. Although the PortfolioXpress® service is offered at no additional cost, you will continue to bear the fees of the underlying funds in which the account is invested. Retirement date portfolios are subject to the same risks as the underlying asset classes in which they invest. The higher the portfolio’s allocation is to stocks, the greater the risk. The principal value of the portfolio is not guaranteed at any time, including at and after the target date.
12084-PT_F (04/14)
© 2014 Transamerica Retirement Solutions Corporation
Brighten Your OutlookSM
PortfolioXpress ®
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NOTES
1
Section A: Employer Information
Company/EmployerName
New Enrollment
Contribution Change
Contract/Account No. Affiliate No. Division No.
PE61743 00001 (07/13)
The Wise Choice for Public Employees
PE61743 00001
Enrollment Application
Section B: Participant Information
Date of Birth(MM-DD-YYYY)
Social Security No.
First Name/MiddleInitial
Last Name
Mailing Address State Zip code
City E-mail
Date of Hire(MM-DD-YYYY)
Phone No./Ext.
Married Single/DivorcedMarital Status Gender Male Female
Section C: Contributions (By law, any election will not be effective until the following month, except if completed on the firstday of employment or earlier.)
I elect to reduce my eligible compensation by ____________% (from 1% up to 100% of your pay), each pay period as a pre-tax salary deferralcontribution.
I elect to reduce my eligible compensation by ____________% (from 1% up to 100% of your pay), each pay period as a Roth salary deferralcontribution.
Note: You may apply the age 50 catch-up or the last three taxable years catch-up for any given calendar year.
(For employees who have attained age 50 or will attain age 50 this calendar year) I elect to reduce my eligible compensation, in equal amountseach pay period, as a pre-tax salary deferral catch-up contribution, as indicated below:
Maximum amount each year (contact Transamerica for further information)
As a pre-tax salary deferral contribution.
As a Roth contribution.
$ ____________ each year as a pre-tax salary deferral contribution.
$ ____________ each year as a Roth contribution.
I am in the last three taxable years ending before the year of my normal retirement age (as defined in the plan) and have underutilized pastcontributions while eligible. I elect to make additional contributions in accordance with the Special 457(b) Catch-up provision. The catch-upcontribution will not exceed the lesser of my underutilized limit or twice the dollar amount of the 457(b) limit allowed for the year that I elect tocontribute the catch-up contribution. I elect to make a catch-up contribution:
as a pretax salary deferral contribution, for the taxable year ________ of $________ or ________%. (whole percentages)
as a Roth contribution, for the taxable year ________ of $________ or ________%. (whole percentages)
The above election(s) is effective with the payroll period beginning ____________ (may not be retroactive).
Mother's Maiden Name
□ 457(b) – I elect to reduce my eligible compensation by_________% or $__________each pay period as a Pre-tax salary deferral contribution. (Deferral may be up to the maximum allowed by law.)
□ Roth 457 – I elect to reduce my eligible compensation by _______% or $__________ each pay period as a Roth deferral contribution. (Deferral may be up to the maximum allowed by law.)
I elect not to make contributions to this plan.
Contact me to help me consolidate another retirement plan (401K, 403B, IRA, etc) into my new Transamerica account.
1) One-Step Diversification - Automatic allocation and reblancing service using all the core funds in your plan.
PortfolioXpressÆ
Please enroll me in this service. By checking this box I agree to allocate 100% of my contributions based on my target retirement year andrisk preference:
My target retirement year: 20_______
I agree to each of the asset allocation mixes and automated rebalancing transactions that will occur within my account as I approach retirement.I understand that I may turn the service off at any time, or change my designated retirement year and/or risk preference, by signing in to myaccount at my.trsretire.com or calling Transamerica at 800-755-5801. All future rebalancing transactions are shown on the attachedPortfolioXpress Profile, which includes an investment glidepath.
Maintain my Schwab PCRA . By checking the box at left I request that any existing balances in my PCRA remain invested. I understand thatPCRA balances are not available for investment through PortfolioXpress; that no future contributions will be allocated to my PCRA account;and that I may not make additional transfers into PCRA while I am using the PortfolioXpress service.
IMPORTANT: If you wish to liquidate your PCRA account and make the balances available for investment through PortfolioXpress, please call800-755-5801.
STOP HERE! Do not complete the section below if you have enrolled in PortfolioXpress, which requires a 100% allocation of newcontributions to your account. Please go directly to Section E.
2) Create or Choose Your Own Portfolio- Please allocate contributions to the following investment options in the percentages noted below (total mustequal 100%):
Choose a Portfolio Create a Portfolio
C20B Short Horizon Asset Allocation % CT4B Money Market Fund %
C35B Short/Intermediate Horizon Asset Allocation % GDAF %
C21B Intermediate Horizon Asset Allocation % C15B
Standard Insurance Stable Fund
High Quality Bond Fund %
C22B Intermediate/Long Horizon Asset Allocation % CT5B Core Bond Fund %
C36B Long Horizon Asset Allocation % C0DC Inflation-Protected Securities Fund %
C26B High-Yield Bond Fund %
CT6B Large Value %
C0AC Large Core %
C0FC Stock Index Fund %
CT1A Large Growth %
C40B Mid Value %
C39B Mid Growth %
C41B Small Value %
C0BC Small Core %
C42B Small Growth %
CRTB Real Estate Fund %
C12B International Equity Fund %
Please terminate any and all contributions to all other vendors.
Section D: Investment Allocation
Section E: SignaturesIf I elected the PortfolioXpress service in Section C (Investment Allocation), I hereby acknowledge that I have received and reviewed the attachedPortfolioXpress Disclosure Statement and the PortfolioXpress Profile (which includes the Investment Glidepath for PortfolioXpress). I furtherunderstand that I may change the amount of my salary reduction, or terminate this agreement, by giving notice in accordance with the terms of myemployer's plan.
Balances in a Schwab Personal Choice Retirement Account are not available for investment in the PortfolioXpress service. Should you choose tomaintain these assets in PCRA, you will be restricted from making any additional transfers into PCRA. The assets in your PCRA account will remain,and will not be included in the investment strategy provided through this service. If you choose to liquidate your PCRA account, please contact aTransamerica representative.
I understand that any catch-up contributions elected above are not determined to be catch-up contributions until my regular pre-tax salary deferralcontributions exceed an applicable limit under the plan, and that the amount of my salary reduction above may not exceed the limits of contributionsset forth in my employer's plan.
Transamerica Investors Securities Corporation (TISC), 440 Mamaroneck Avenue, Harrison, NY 10528, distributes securities products. Anyregistered fund offered under the plan is distributed by that particular fund's associated fund family and its affiliated broker-dealer or otherbroker-dealers with effective selling agreements such as TISC.
I acknowledge that investment option information, including prospectuses, disclosure documents, and/or fund profile sheets, as applicable have beenmade available to me and I understand the risks of investing.
The Transamerica funds are distributed by Transamerica Capital, Inc. (TCI) and are advised by Transamerica Asset Management (TAM).Transamerica, TISC, TAM, and TCI are affiliated companies.I understand that the fixed interest option(s) are available under group annuitycontract(s) issued by Transamerica Financial Life Insurance Company ("TFLIC") and that the mutual fund options are subject to a CustodialAgreement with State Street Bank and Trust Company ("SSBT"). I understand that the group annuity contracts are legally separate arrangements fromthe Custodial Agreement. SSBT has no control over or responsibility for the group annuity contracts. I understand that an annual administrative fee, awithdrawal charge, and transfer restrictions may apply.The Transamerica investment options are available under a group variable annuity contractissued by Transamerica Financial Life insurance Company ("TFLIC"), which is offered through Transamerica Investors Securities Corporation, 440Mamaroneck Avenue, Harrison, NY 10528. I understand that an annual administrative fee, a withdrawal charge, and transfer restrictions mayapply.The Stable Pooled Fund is offered through Diversified Investment Advisors Collective Trust and invests directly in the Wells Fargo StableReturn Fund which is a collective trust fund of Wells Fargo.
I agree to the terms of the plan. I am aware that amounts deferred under this type of plan are included in my employer's general assets. I understandthat I may change the amount of my salary reduction, or terminate this agreement, by giving notice according to the terms of the plan. I understandthat upon termination of my employment, my account will be distributed according to my election and according to the terms of the plan.
XParticipant Signature Date
Plan Administrator Date
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“WRAP” / ADMINISTRATIVE FEES
NONE
Charles Schwab PCRA Account - $50 PER ANNUM
“WRAP” / ADMINISTRATIVE FEES
• Mortality and Expense Fee • Mortality and Administration Fee • Administrative Fee
$ per head % of account balance
• Variable Expense Charge • Mutual Fund Access Charge
Many Products contain more than one of these
INVESTMENTS BUILT FOR RETIREMENT AND SUPPLEMENTAL SAVINGS PLANS!
Typical Annuity or Collective Trust Product
+ =
NPPFA Plan with Transamerica
+ =
INVESTMENT MANAGEMENT FEES
21 Core - “Pension
Style” Collective Trust
Funds
5 Strategic Allocation
Funds
Charles Schwab PCRA
Account – Over 5,000 no
load Funds and 150+
ETF’s
“Portfolio Express”
(Customized Target Maturity)
TOTAL FEES
0.00% TO 1.55%
INVESTMENT MANAGEMENT FEES
American Century American Funds Fidelity Janus Lord Abbot Putnam
Insurance Company Separate Account
Etc.
TOTAL FEES
UP TO 3%
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PLAN COSTS CAN MAKE A DIFFERENCE! Astute investors consider total fees an important criterion in selecting investment providers. To adequately compare the fees on your Supplemental Savings options (403(b) & 457(b)), you may wish to do a total fee analysis by:
Finding out if the plans or investments under consideration have fees other than those calculated as part of the expense ratio on the investment(s)
Add that number, if any, to the expense ratio on the investment(s) to determine Total Expenses
Determine if there is a "fee differential" in your options and make a judgment if there is value received for that differential in performance, additional contract features or service.
Many Supplemental Savings do not build their plan operational costs into the expense ratios on the investments. They may have additional fees. These are generically referred to as "wrap fees" and they may include one or more of the following charges*:
Administrative Fee • Mortality and Expense Charge
Variable Expense Charge • Mortality and Administration Charge
Actuarial Risk Charge
These charges are taken out daily in the calculation of unit values and cannot be seen on a statement. The disclosure may be in the master contract, prospectus or other disclosure material and can be hard to find.
HOW MUCH COULD A "FEE DIFFERENTIAL" AFFECT MY ACCOUNT BALANCE**?
New Employee contributing $2,000 per year over time period stated
TOTAL FEE DIFFERENCE
AFTER 5 YEARS
AFTER 15 YEARS
AFTER 20 YEARS
AFTER 25 YEARS
AFTER 30 YEARS
.25% $77.53 $1,167.21 $2,732.87 $5,664.87 $10,890.18
.50% $154.58 $2,770.05 $5,378.88 $11,097.94 $21,233.19
.75% $231.15 $3,422.09 $7,970.84 $16,308.91 $31,057.18
1.00% $307.24 $4,510.97 $10,421.47 $21,307.08 $40,388.83
1.25% $382.86 $5,574.95 $12,823.42 $26,101.37 $49,253.46
1.50% $458.01 $6,614.59 $15,149.24 $30,700.32 $57,675.09
Existing Employee: $51,000 balance -$4,000 per year contribution
TOTAL FEE DIFFERENCE
AFTER 5 YEARS
AFTER 10 YEARS
AFTER 15 YEARS
AFTER 20 YEARS
AFTER 25 YEARS
.25% $1,018.37 $3,317.48 $7,861.62 $16,231.94 $30,990.30
.50% $2,027.79 $6,571.45 $15,493.15 $31,825.85 $60,452.13
.75% $3,028.34 $9,763.03 $22,901.06 $46,806.37 $88,460.30
1.00% $4,020.06 $12,893.33 $30,091.69 $61,197.23 $115,086.05
1.25% $5,003.03 $15,963.42 $37,071.18 $75,021.27 $140,397.22
1.50% $5,977.30 $18,974.37 $43,845.51 $88,300.49 $164,458.37
ASSUMPTION: Underlying annual fund yield is 8%** (net of fund management expenses) compounded over the periods shown.
THERE ARE NO FEES IN THE NPPFA SUPPLEMENTAL SAVINGS PROGRAM OTHER THAN THE FUND EXPENSES SHOWN IN THIS BOOKLET!
* Source: Aegis Advisors Market Overview Report to the IPPFA Board dated April 2000 (revised Feb, 2009)
** The costs and annual fund yield are hypothetical and illustrative only. They are not representative of any actual client or of a
specific investment product or strategy.
32
Your Funds at a Glance
Fund Name/Type Investment Objective Inception Date
457(b) Expense Ratio
Money Market Liquidity and as high a level of income as is consistent with the preservation of capital.
11/30/1978 .80%
High Quality Bond Provide a high risk- adjusted return while focusing on the preservation of capital.
6/30/1990 1.00%
Core Bond Seeks to achieve maximum total return.
12/31/1977 1.00%
Inflation-Protected Securities
To seek maximum return consistent with the preservation of capital.
7/31/1990 1.00%
High Yield Bond Seeks to provide a high level of current income.
8/31/1995 1.10%
Large Value Provide long-term capital appreciation through investment in a diversified portfolio of common stocks of large- capitalization companies. Current income is a secondary goal.
12/31/1977 1.00%
Large Core/Large Blend
Provide capital appreciation and current income.
12/31/1985 1.15%
Stock Index To match the performance of the Standard & Poor’s 500® Index.
4/1/1993 .65%
Large Growth Provide a high level of capital appreciation through investment in a diversified portfolio of common stocks with a potential for above- average growth in earnings. Current income is a secondary goal.
2/28/1993 1.25%
Mid Cap Value Provide a high total investment return through investments primarily in a diversified portfolio of common stocks.
5/15/2001 1.25%
Mid Cap Growth Provide a high total investment return through
5/15/2001 1.35%
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investments primarily in a diversified portfolio of common stocks.
Small Value Provide a high total investment return through investments primarily in a diversified portfolio of common stocks.
4/15/2002 1.50%
Small Cap Core Provide a high total investment return through investments primarily in a diversified portfolio of common stocks of small to medium size companies.
4/15/2002 1.50%
Small Cap Growth Provide a high total investment return through investments primarily in a diversified portfolio of common stocks.
4/15/2002 1.55%
Real Estate Fund Above average income and long-term capital growth.
8/29/2003 1.35%
International Large Growth
Provide a high level of long-term capital appreciation through investment in a diversified portfolio of securities of foreign issuers.
11/30/1992 1.40%
Intermediate Horizon Asset Allocation Fund
Long-term returns form a combination of investment income and capital appreciation with slightly less than average volatility as compared to other balanced funds. Target asset allocation is 50% Stocks and 50% Bonds.
9/30/1992 1.33%
Intermediate/Long Horizon Asset Allocation Fund
Long-term returns form a combination of investment income and capital appreciation with slightly less than average volatility as compared to other balanced funds. Target asset allocation is 70% Stocks and 30% Bonds.
9/30/1992 1.39%
Long Horizon Asset Allocation Fund
Long-term returns from growth of capital and growth of income. Target asset allocation is 90% Stocks and 10% Bonds.
4/30/1998 1.44%
34
Short Horizon Asset Allocation Fund
High level of income and preservation of capital. Target asset allocation is 10% Stocks and 90% Bonds.
9/30/1992 1.23%
Short/Intermediate Horizon Asset Allocation Fund
Reasonable returns with considerably less than average volatility as compared to other balanced funds. Target asset allocation is 30% Stocks and 70% Bonds.
4/30/1998 1.27%
457(b) Fixed Account – TFLIC Stable Fund The Wise Choice For Public Workers includes a Stable Value/Fixed Account. Please ask the representative what the current interest rate is. There is no expense associated with this account.
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Beneficiary Designation
INSTRUCTIONS
To designate a beneficiary or to change your existing beneficiary designation on your plan, complete all applicable sections of this form, obtain any required signatures, and return it to your Plan Sponsor. If you have any questions regarding this form, please contact us at 1-800-755-5801.
PLAN SPONSOR INFORMATION
Plan Name
Contract/Account No. Affiliate No. Division No.
PERSONAL INFORMATION
Social Security No. Date of Birth (mm/dd/yyyy)
First Name/Middle Initial Last Name
Mailing Address
City
Phone No.
E-mail Address
2227 Beneficiary Designation – Rev 7/14 (Page 1 of 5)
Ext.
The Wise Choice for Public Employees
PE61743 00001
State Zip Code
37
PRIMARY BENEFICIARY DESIGNATION - WILL RECEIVE BENEFITS IN THE EVENT OF YOUR DEATH
This designation will apply to the account number above. You must designate a specific percentage for each beneficiary. Shares must be whole
percentages and total 100%. If you do not indicate shares, benefits will be split equally among surviving beneficiaries. If the named beneficiary is
a trust, please specify the name and date of the trust, and the name of the trustee.
Note: Share of benefits must total 100% for primary beneficiaries. If additional space is needed to designate multiple beneficiaries, complete the
Supplemental Beneficiary Designation page.
Type of Beneficiary Designation ] Individual ] Trust ] Estate
Share of Benefits % (whole percentages only) Relationship
Social Security No. Date of Birth
(mm/dd/yyyy)
First Name/Middle Initial
Name of Trust/Estate
Trustee/Executor
Trust/Estate Tax ID Effective Date
Mailing Address
City State Zip Code
PRIMARY BENEFICIARY DESIGNATION (CONTINUED)
Type of Beneficiary Designation ] Individual ] Trust ] Estate
Share of Benefits % (whole percentages only) Relationship
Social Security No. Date of Birth
(mm/dd/yyyy)
First Name/Middle Initial
Name of Trust/Estate
Trustee/Executor
Trust/Estate Tax ID Effective Date
Mailing Address
City State Zip Code
2227 Beneficiary Designation – Rev 7/14 (Page 2 of 5)
Last Name
Last Name
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CONTINGENT BENEFICIARY - WILL RECEIVE BENEFITS IF NO PRIMARY BENEFICIARY IS LIVING AT THE TIME OF YOUR DEATH
Note: Share of benefits must total 100% for contingent beneficiaries. If additional space is needed to designate multiple beneficiaries, complete
the Supplemental Beneficiary Designation page.
Type of Beneficiary Designation ] Individual ] Trust ] Estate
Share of Benefits % (whole percentages only) Relationship
Social Security No. Date of Birth
(mm/dd/yyyy)
First Name/Middle Initial
Name of Trust/Estate
Trustee/Executor
Trust/Estate Tax ID Effective Date
Mailing Address
City State Zip Code
CONTINGENT BENEFICIARY DESIGNATION (CONTINUED)
Type of Beneficiary Designation ] Individual ] Trust ] Estate
Share of Benefits % (whole percentages only) Relationship
Social Security No. Date of Birth
(mm/dd/yyyy)
First Name/Middle Initial
Name of Trust/Estate
Trustee/Executor
Trust/Estate Tax ID Effective Date
Mailing Address
City State Zip Code
2227 Beneficiary Designation – Rev 7/14 (Page 3 of 5)
Last Name
Last Name
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NOTICE AND WAIVER OF PRE-RETIREMENT SURVIVOR BENEFIT(IF SPOUSE IS NOTPRIMARY BENEFICIARY)
As a plan participant, the law requires that you be informed as to the disposition of your account. In the case of your death before retirement, the
plan will pay your full vested account balance to your surviving spouse. However, you may elect to waive the requirement that your death benefit
be paid to your surviving spouse. Your spouse must consent in writing to any such waiver. You may revoke any waiver at any time before your death,
and, if you desire, make a new election, provided your spouse consents to this new election. If you elect that your spouse is not to be your
beneficiary for your full vested account balance (and your spouse has consented}, then you may designate a beneficiary of your choosing. If you are
not married at the time of your death, the death benefit will be paid to your designated beneficiary.
I have been informed that if I should die prior to my retirement, I have the right to have the full vested account balance in the plan paid to my spouse; that I have the right to waive the designation of my spouse as the beneficiary of all or a portion of my death benefit only if my spouse consents to such waiver; and that I have the right to revoke such waiver at any time without my spouse's consent. I hereby waive the right to have my spouse be the beneficiary of all or a portion of my pre-retirement death benefit. Instead, I designate the above beneficiary(ies) to receive all or a portion of the benefits upon my death.
PARTICIPANT SIGNATURE
I hereby warrant that all of the statements and information contained in this request/form are true in all respects. I understand that if I have made
any false or misleading statements in this request that such statements could result in significant tax consequences and/or other monetary damages
to the Plan, my Plan Sponsor and Transamerica. Moreover, I hereby agree to indemnify and hold (a) the Plan, (b) Transamerica, and (c) my Plan
Sponsor harmless from any tax consequences and/or other monetary damages that may result in whole or in part from my false and misleading
statements I certify that the information provided on this form is correct and complete.
x x
Participant Signature Date
x x Print Name Social Security Number
PLAN SPONSOR SIGNATURE
I certify that the information provided on this form is correct and complete, and that any required consents and waivers have been obtained.
x x Plan Sponsor Signature Date
Completed forms should be returned to Transamerica at 4333 Edgewood Road NE, Mail Drop 0001, Cedar Rapids, IA 52499 or fax to 866-835-8863.
2227 Beneficiary Designation – Rev 7/14 (Page 4 of 5)
40
Supplemental Beneficiary Designations
Social Security No.
First Name/Middle Initial Last Name
Note: Share of benefits must total 100% for primary beneficiaries {will receive benefits in the event of your death) AND 100% for contingent
beneficiaries (will receive benefits if no primary beneficiary is living at the time of your death).
] Primary Beneficiary ] Contingent Beneficiary
Type of Beneficiary Designation ] Individual ] Trust ] Estate
Share of Benefits % (whole percentages only) Relationship
Social Security No. Date of Birth
(mm/dd/yyyy)
First Name/Middle Initial
Name of Trust/Estate
Trustee/Executor
Trust/Estate Tax ID Effective Date
Mailing Address
City State Zip Code
] Primary Beneficiary ] Contingent Beneficiary
Type of Beneficiary Designation ] Individual ] Trust ] Estate
Share of Benefits % (whole percentages only) Relationship
Social Security No. Date of Birth
(mm/dd/yyyy)
First Name/Middle Initial
Name of Trust/Estate
Trustee/Executor
Trust/Estate Tax ID Effective Date
Mailing Address
City State Zip Code
2227 Beneficiary Designation – Rev 7/14 (Page 5 of 5)
Last Name
Last Name
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3268-TRS (rev. 4/13) (Page 1 of 2) 457(b) Governmental Plans
46
PE61743
Governmental 457(b) Transfer Deposit
Instructions
Use this form to initiate a transfer of your existing 457(b) governmental plan account to your 457(b) governmental plan account with Transamerica. Complete Sections A, B, C and D and obtain your Employer’s signature in Section E. Then send this completed form and your present provider’s withdrawal form (and a completed Transamerica Enrollment Application, if you are not currently enrolled) to Transamerica at 4333 Edgewood Road NE, Mail Drop 0001, Cedar Rapids, IA 52499. Upon receipt of all required paperwork, we will initiate your transfer request with your present provider. For further information, please call us at 800-755-5801.
Section A. Employer Information
Company/Employer Name
Contract/Account No. Affiliate No. 00001 Division No.
Section B. Personal Information
Social Security No. Date of Birth
(mm/dd/yyyy)
First Name/Middle Initial Last Name
Mailing Address
City State Zip Code
Phone No. Ext.
E-mail Address
Section C. Present Provider Information
Plan Provider Name
Plan Provider Address
Plan Account No.
Plan Provider Contact Name/Phone No.
ILLINOIS PUBLIC PENSION FUND ASSOCIATION
3268-TRS (rev. 4/13) (Page 2 of 2) 457(b) Governmental Plans
47
Section D. Transfer Information
Amount to be transferred from present provider:
100% of account Partial transfer of $
Pre-Tax Contributions: $
Roth After-tax Contribution Account (if applicable)
$ Total Roth Contributions (include both contributions and earnings)
$ Total Roth After-tax Cost Basis (cost basis is the amount of Roth after-tax contributions made, but not including earnings)
First Year of Designated Roth Contribution (cannot be prior to 2011)
In order to transfer your Roth account, your employer’s plan must have a Roth account with Transamerica.
Note: In-kind transfers are not allowed.
Section E. Signatures
I request the immediate transfer of funds from my present 457(b) governmental plan account referenced in Section C above, to my Transamerica
457(b) governmental plan account. I understand that my transfer deposit will be invested according to the existing investment allocation on my
account. I certify that the information provided on this form is correct and complete.
X X
Participant Signature Date
X X
Print Name Social Security Number
I certify that this transfer deposit is permissible under the terms of the plan and complies with current regulations, and that the information provided
on this form is correct and complete.
X X
Employer Signature Date
3484-TRS (rev. 4/13) (Page 1 of 2) NFP ERISA/NFP Non-ERISA/Governmental 457(b)/Tax-Exempt 457(b)
48
Transfer Requirements
I. Incoming 403(b) Contract Exchange Request
Under the existing IRS Contract Exchange rules, your 403(b) account or annuity may be transferred to another investment provider for the same
403(b) plan, provided certain requirements are met.
(1) The 403(b) plan sponsored by your employer must permit such contract exchanges and (2) the investment provider receiving the transfer must be
an approved investment provider under your employer’s 403(b) plan or such provider must have entered into an information-sharing agreement with
your employer.
Any 403(b) funds transferred to Transamerica from another 403(b) investment provider for your employer’s 403(b) plan must continue to be subject
to distribution restrictions that are not less stringent than those imposed on the contract being exchanged.
Any 403(b) funds transferred to Transamerica under a 403(b) Contract Exchange will retain their December 31, 1986 and/or December 31, 1988
grandfathered status, (if applicable) provided the necessary information is timely provided to Transamerica by your present investment provider in
the section provided on Transamerica’s Incoming Contract Exchange (within the Same Plan), in accordance with the instructions on that form.
II. Incoming 403(b) Plan-to-Plan-Transfer Request to Transamerica from Another 403(b) Plan
If your current 403(b) account or annuity is under a different 403(b) plan than the 403(b) plan of your present employer (or former employer), and the
receiving plan is serviced by Transamerica, please complete the Incoming 403(b) Plan-to-Plan Transfer (from another 403(b) Plan) in accordance
with the instructions on that form.
In order to allow for a Plan-to-Plan Transfer to occur, both the 403(b) transferor plan and the receiving plan that is serviced by Transamerica must
provide for a Plan-to-Plan Transfer.
In order to allow for a Plan-to-Plan Transfer to occur, the funds transferred to Transamerica from another 403(b) plan must continue to be subject to
distribution restrictions that are not less stringent than those imposed under the transferor 403(b) plan.
Any 403(b) funds transferred to Transamerica under a 403(b) Plan-to-Plan Transfer will retain their December 31, 1986 and/or December 31, 1988
grandfathered status, (if applicable) provided the necessary information is timely provided to Transamerica by your present investment provider in the
section provided on Transamerica’s Incoming Plan-to-Plan Transfer (from another 403(b) Plan), in accordance with the instructions on that form.
Important Note: Some 403(b) plans are subject to the requirements of the Employee Retirement Income Security Act of 1974 (“ERISA”). You cannot
transfer 403(b) assets from an ERISA-covered 403(b) plan to a non-ERISA 403(b) plan except by a direct rollover, which requires a distributable
event (e.g., termination of employment). If you transfer 403(b) assets from a non-ERISA 403(b) plan to an ERISA-covered 403(b) plan, the
transferred assets will automatically become subject to the requirements of ERISA. Please contact the Plan Administrator of the ERISA covered
403(b) plan or us for further information.
III. Incoming 401(a) Plan-to-Plan Transfer Request to Transamerica from Another 401(a) Plan
If your current 401(a) account is under a different 401(a) plan than the 401(a) plan of your present employer (or former employer), and the receiving
plan is serviced by Transamerica, please complete the Incoming 401(a) Plan-to-Plan Transfer (from another 401(a) Plan), in accordance with the
instructions on that form.
In order to allow for a Plan-to-Plan Transfer to occur, both the 401(a) transferor plan and the receiving plan that is serviced by Transamerica must
provide for a Plan-to-Plan transfer.
In order to allow for a Plan-to-Plan Transfer to occur, the funds transferred to Transamerica from another 401(a) plan must continue to be subject to
distribution restrictions that are not less stringent than those imposed under the transferor 401(a) plan.
In order to allow for a Plan-to-Plan Transfer to occur, the funds transferred to Transamerica from another 401(a) plan must provide that the
participant is entitled to receive any distribution from the receiving plan in a single sum distribution.
Please contact your Plan Administrator or us for further information.
3484-TRS (rev. 4/13) (Page 2 of 2) NFP ERISA/NFP Non-ERISA/Governmental 457(b)/Tax-Exempt 457(b)
49
IV. Incoming Tax Exempt Employer 457(b) Plan-to-Plan Transfer Request to Transamerica from Another Tax Exempt Employer 457(b) Plan
If your current Tax Exempt 457(b) account is under a different Tax Exempt 457(b) plan than the Tax Exempt 457(b) plan of your present employer
or former employer, and the receiving plan is serviced by Transamerica, please complete the Tax Exempt Employer 457(b) Transfer Deposit in
accordance with the instructions on that form.
In order to allow for a Plan-to-Plan Transfer to occur, both the Tax Exempt Employer 457(b) transferor plan and the receiving plan that is serviced by
Transamerica must provide for a Plan-to-Plan Transfer.
Important Note: If you transfer from one Tax Exempt Employer 457(b) Plan to another Tax Exempt Employer 457(b) Plan, your transferred amount is
an unsecured obligation of the receiving plan’s employer and is subject to the payment of claims of the employer’s general creditors in the event of
the employer’s insolvency. Please contact your Plan Administrator or us for further information.
V. Incoming Governmental 457(b) Plan-to-Plan Transfer Request to Transamerica from Another Governmental 457(b) Plan
If your current Government 457(b) account is under a different Governmental 457(b) plan than the Governmental 457(b) plan of your present
employer or former employer, and the receiving plan is serviced by Transamerica, please complete the Governmental 457(b) Transfer Deposit in
accordance with the instructions on that form.
In order to allow for a Plan-to-Plan Transfer to occur, both the Governmental 457(b) transferor plan and the receiving plan that is serviced by
Transamerica must provide for a Plan-to-Plan Transfer.
Important Note: Instead of a plan-to-plan transfer from one Governmental 457(b) plan to another Governmental 457(b) Plan, you may also do a
rollover by requesting an eligible rollover distribution. Please contact your Plan Administrator or us for further information.
VI. Mailing and Wiring Instructions
Checks
If sending a check, mail the check and the Incoming Transfer/Rollover/Exchange Form to one of the following addresses, as applicable:
Regular Mail Overnight Mail Transamerica JPMorgan Chase - Lockbox Processing Remittance Processing Center Lockbox No. 13029 PO Box 13029 4 Chase Metrotech Center Newark, NJ 07188 Ground Level Courier on Willoughby Street
Brooklyn, NY 11245
Phone Number: (718) 242-0674 (must be indicated on overnight air bill)
Wire Transfers
If sending a wire transfer, mail the Incoming Transfer/Rollover/Exchange Form to the address below:
Form Wire Instructions Transamerica State Street Bank and Trust Company 4333 Edgewood Road NE 200 Clarendon Street Cedar Rapids, IA 52499 Boston, MA 02116-5021
Bank ABA # 011000028
Receiving Account # 00457374
Receiving Account name: Transamerica Contract-Affiliate #
Contract Name
50
Scan QR Code With Your Smartphone to visit my.trsretire.com
PE61743 00001 PT-3447 (03/15)