get the most from your statement

Transcription

1 get the most from your statement Plan information. Fund balances. Investment returns. Projections. Now that you re enrolled in your company s retirement plan, it s important you understand how to interpret your account statement. Your statement provides more than your ending balance. It s an important tool to help you make better, more informed decisions regarding your investment choices, so that your plan continues to help you build retirement savings for the future. This guide provides a sample retirement plan statement with explanations for key information to help you get the most from your statement. You can review your actual statement anytime through account access on ameritas.com. Keep in mind this is a sample statement. Your statement will contain your personalized information and may not include all of the items shown here. 1 ABC Company 1. A message from your Plan Sponsor, along with the plan name, plan number and the period being reported. RP

2 Account at a Glance is an overview of your account activity for the period. 3. Beginning balance is your starting point it s your account at the start of the statement period. The statement reporting period is shown directly above the beginning balance. 4. Contributions reflect the money contributed to the plan during the period by you and/or by your employer. 5. Withdrawals represent any money deducted from your account. 6. Fee and Fee Credits are fees deducted or credited to your account. 7. Other Activity specific to your account. 8. Earnings is the total amount your investment either gained or lost for the period. You can find more detailed information about the source of those earnings on the Account Summary pages of your statement. 9. Ending balance reflects how much your account was worth at the end of the statement period. It is simply your beginning balance, plus contributions and earnings (if any) for the period, less any withdrawals, losses or fees. 10. Outstanding loans is the amount borrowed from your account that has not been repaid. 11. Vested balance shows what part of your account value is yours. All of the contributions you make are always 100% vested, with employer contributions vesting over time. See the Vesting Summary section for more details. 12. Your Personal Rate of Return (if shown) is an estimated rate of return based on the activity in your account. Your return may differ from the amount shown for each individual investment option due to timing and level of cash flows. Past performance is no guarantee of future returns Retirement Projections shows you the hypothetical value of your retirement account at age 65 based on certain assumptions.

3 If You Need Assistance or need to update your personal information, reach out via the , phone or website shown. We are happy to help you make the most of your retirement plan Asset Allocation is demonstrated by a pie chart showing the percentage allocated to each of the asset classes available under your company s plan. This is a good visual of how your account is spread over a variety of investment classes your account diversity Investment Allocation is demonstrated by a pie chart showing the percentage of your overall account balance you have invested in each investment option.

4 Vesting Summary represents your percentage of ownership in each of your contribution sources. You are always 100% vested in your contributions to the plan. Based on your years of service with your employer, you earn a percentage of the dollars contributed by your employer on your behalf Account Summary by Contribution Source shows from which sources contributions were made. This section helps you keep track of how much you are contributing and how much is being contributed by your employer in the form of a match or a discretionary contribution.

5 Account Summary by Investment lists the funds where you are investing your contributions and how much you are contributing to each. Other details include any withdrawals, fees or fee credits, other activity and the earnings you made or lost on those dollars for the reporting period.

6 Investment Performance Summary provides the investment performance for each of your investment options with a balance. For information on all of the investments available under your company s plan, check out the historical performance section of your plan s secure website Loan Summary provides information related to any outstanding loans including the interest, principal payments and balance. Please note, not all plans offer a loan option.

7 Fee Detail shows any fees charged for the period such as account maintenance fee, overnight check fee or loan fee. It also details any fees credited during the period. For information on these fees, please consult your plan s Fee Disclosure provided on your plan s secure website Important Notices and Disclosures includes some valuable information from the Department of Labor about the benefits of diversification. It also provides a website you can visit to learn more about individual investing and diversification.

8 Access statements and more online, any time. Your statements and other documents are always available online, through account access at ameritas.com under the Plan Documents tab. A new statement will be posted following the end of each reporting period. You can elect to receive your statements exclusively online and eliminate hardcopy mailings. With online delivery, you ll receive an with a link to the statement whenever a new document is available. To elect online delivery, log on to your retirement plan through account access at ameritas.com. Select the next to your name at the top of the screen, then Personal Profile. Then click to update your preferences from the My Contact Summary page. This information is provided by Ameritas, which is a marketing name for subsidiaries of Ameritas Mutual Holding Company, including, but not limited to: Ameritas Life Insurance Corp., 5900 O Street, Lincoln, Nebraska 68510; Ameritas Life Insurance Corp. of New York, (licensed in New York) 1350 Broadway, Suite 2201, New York, New York 10018; and Ameritas Investment Corp., member FINRA/SIPC. Each company is solely responsible for its own financial condition and contractual obligations. For more information about Ameritas, visit ameritas.com. Ameritas and the bison design are registered service marks of Ameritas Life Insurance Corp. Fulfilling life is a registered service mark of affiliate Ameritas Holding Company Ameritas Mutual Holding Company