Your retirement plan is taking a bold new path

Transcription

1 Your retirement plan is taking a bold new path Your account is moving to Empower Retirement effective Monday, October 1, 2018 Empower named Retirement Leader of the Year. * Empower helps 8.5 million people save for retirement. Effective October 1, 2018, the recordkeeper for your CDK Global, Inc. 401(k) Plan account will change from ADP Retirement Services to Empower Retirement. CDK is making this change to expand your investment options, give you more ways to access and manage your account, improve your overall retirement planning experience, and empower you to make your journey to retirement a rewarding experience. As part of the move, you ll enjoy these great features: Access to My Total Retirement, a personalized, professionally managed retirement strategy. (There is no guarantee provided by any party that participation in any of the Advisory Services will result in a profit. ) An enhanced online tool that estimates your monthly income in retirement, including healthcare expenses. A phone number with additional automated options to help you get to the right place more quickly. New investment options to help you build a diversified portfolio, including the addition of a selfdirected brokerage account (SDBA) should you choose to move beyond the plan s core investment options. * 23rd annual Mutual Fund Industry Awards, As of March Information refers to all retirement businesses of Great-West Life & Annuity Insurance Company and its subsidiaries and affiliates, including Great-West Life & Annuity Insurance Company of New York, marketed under the Empower Retirement brand. Online Advice and My Total Retirement are part of the Empower Retirement Advisory Services offered by Advised Assets Group, LLC, a registered investment adviser. The SDBA is intended for knowledgeable investors who acknowledge and understand the risks associated with the investments contained in the SDBA. Securities in the SDBA may be offered by a broker-dealer other than GWFS Equities, Inc.

2 What you need to know Transition Your account will automatically transfer effective Monday, October 1, No action is required from you for the transfer of your: Contribution elections. Investment elections. Loan or distribution arrangements, if applicable. Beneficiary elections. Blackout period You will have limited access to your account beginning Monday, September 24, 2018, until the week of Sunday, October 14, This blackout period will allow for the transfer of the plan s administrative records to Empower. You may want to take a look at your account to see if you would like to make any changes or adjustments before the blackout period begins. During the blackout period, your funds will remain invested and will continue to gain and/or lose value depending on market conditions. Contributions to your account will continue uninterrupted. When the blackout period ends, you will have full access to your plan account. A special note to employees not actively employed by CDK Global, Inc. You are receiving this announcement because you have a balance in the CDK Global, Inc. 401(k) Plan. Even though you are not actively contributing to the plan, you can still take advantage of other benefits the plan offers.

3 Important dates and contact information Monday, September 24, 2018 Deadline for account changes This is your last day to contact ADP Retirement Services to request account transactions, including contribution changes, investment election changes, loans (if applicable) or withdrawals. Tuesday, September 25, 2018 Transition period begins You will have limited access to your account. Payroll deductions will continue during the blackout period. Monday, October 1, 2018 Your account balances will begin to transfer according to the transfer chart on the next page. Educational meetings You re invited to learn more about your plan. Join us! Week of Sunday, October 14, 2018 Transition period ends Enjoy full access to your retirement account online and by phone. Gain the ability to make requests and changes. Contact Empower at: mycdkretirement.com Dates and times are subject to change. Please see your plan representative for more information.

4 How your account will transfer As part of your move to Empower, your account will transfer into the new funds as shown in the table below. After an extensive third-party review, these funds were chosen because they are similar in profile and investment risk to current funds. If you would like your account to transfer differently, simply make an account transfer by contacting ADP Retirement Services by Monday September 24, If you are an active employee, you can also change how your future contributions are allocated. After the transition is complete, you will be able to move your funds and direct your payroll contributions to any of the investments in the plan. This transfer may result in an increase or decrease of your investment risk exposure and may or may not be consistent with your target strategy or investment style. You are urged to review your account prior to and/or after the blackout period and make adjustments to your asset allocation if necessary. BALANCES IN THESE FUNDS Goldman Sachs Financial Square Government FST (FGTXX) Wells Fargo Core Bond R6 (WTRIX) Columbia Dividend Income R5 (CDDRX) WILL AUTOMATICALLY TRANSFER TO Vanguard Federal Money Market Investor (VMFXX) Mercer Diversified Bond Fund Mercer Large Cap Stock Fund T. Rowe Price Growth Stock (PRGFX) Mercer Large Cap Stock Fund DFA US Targeted Value Portfolio Instl (DFFVX) Voya SmallCap Opportunities R6 (ISOZX) Dodge & Cox Global Stock (DODWX)** Vanguard Intermediate-Term Bond Index Admiral (VBILX) Vanguard Institutional Index Instl (VINIX) DFA Large Cap International Portfolio Instl (DFALX) Vanguard FTSE All-World ex-us Index Admiral (VFWAX) JPMCB SmartRetirement Income C JPMCB SmartRetirement 2015 C JPMCB SmartRetirement 2020 C JPMCB SmartRetirement 2025 C JPMCB SmartRetirement 2030 C JPMCB SmartRetirement 2035 C JPMCB SmartRetirement 2040 C Mercer Small/MID Cap Stock Fund Mercer Small/MID Cap Stock Fund QDIA Age-Appropriate State Street Retirement Fund State Street U.S. Bond Index K State Street S&P 500 Index K Mercer International Stock Fund State Street Global All Cap Equity Index K State Street Target Retirement Income P State Street Target Retirement 2015 P State Street Target Retirement 2020 P State Street Target Retirement 2025 P State Street Target Retirement 2030 P State Street Target Retirement 2035 P State Street Target Retirement 2040 P

5 BALANCES IN THESE FUNDS JPMCB SmartRetirement 2045 C JPMCB SmartRetirement 2050 C JPMCB SmartRetirement 2055 C WILL AUTOMATICALLY TRANSFER TO State Street Target Retirement 2045 P State Street Target Retirement 2050 P State Street Target Retirement 2055 P ** The Dodge & Cox Global Stock Fund will be liquidated upon the transfer and assets will be invested into the Putnam Government Money Market Fund until records are reconciled and they can be reallocated to the age-appropriate State Street Target Retirement Fund. Beginning the week of Sunday, October 14, 2018, CDK is adding new funds to give you more options to diversify your account. After the transition is complete, you will also have access to State Street Target Retirement 2015 P and 2060 P funds, the State Street Russell Small/Mid Index K Fund, and Schwab PCRA Self-Directed Brokerage.

6 Investment information For a list of all the available investment options in your plan, as well as access to fund fact sheets, investment returns and prospectuses, go to empowermyretirement.com, select Fund Information in the top right corner and enter your plan number Introducing My Total Retirement Should you wish to re-enroll in a managed account at Empower, you will have access to My Total Retirement once the plan is live in October. My Total Retirement is a strategy created just for you by experienced investment professionals. This service goes beyond the typical age-based investment strategy to look at your lifestyle, situation and goals to create a strategy that is tailored to you. And because Empower understands that your investment needs evolve over time, its licensed consultants will continually review your strategy and work with you to make the appropriate adjustments for your situation. You ll also gain access to Online Advice and complimentary educational resources all designed to help you feel confident about your important saving, investing and retirementincome decisions. The result will be a retirement strategy that is personalized, simplified, comprehensive and one-on-one. Contact Empower the week of October 14, 2018, at to learn more. What happens next The move to Empower is designed to be as smooth and easy as possible. You do not need to do anything at this time unless you want to make changes to your account. Once the transfer is complete, you will receive a notice from Empower through the U.S. mail and, if you are actively employed with CDK, by .

7 Important notice concerning your rights in the CDK Global, Inc. 401(k) Plan Friday, August 24, 2018 This notice is to inform you that your account in the CDK Global, Inc. 401(k) Plan will transfer to Empower Retirement effective Monday, October 1, As a result of this change, you temporarily will be unable to check your account balance and transfer or diversify your investments in your CDK Global, Inc. 401(k) Plan account or obtain a loan, withdrawal or distribution. This period during which you will be unable to exercise these rights otherwise available under the plan is called a blackout period. Whether or not you are planning retirement in the near future, we encourage you to carefully consider how this period may affect your retirement planning as well as your overall financial plan. The temporary blackout period begins at 4 p.m. Eastern time on September 24, 2018, and ends the week of Sunday, October 14, During this time, you will have limited or no access to your account. You will be unable to check your account balance; transfer or diversify your investments; or obtain a loan, withdrawal or distribution from your CDK Global, Inc. 401(k) Plan account. To review your plan account and request any changes to the account s investment allocation before the blackout period begins, contact ADP Retirement Services at or access your account online at mykplan.com by Monday, September 24, If you have questions concerning this notice, please contact Empower Retirement at Once the blackout period ends, Empower will notify you, and you will have full access to your plan account. If you would like to confirm the status of the blackout period, contact Empower at or mycdkretirement.com. Before the blackout period begins, it is very important that you review and consider the appropriateness of your current investments because you will be unable to transfer or diversify those investments during the blackout period. For your long-term retirement security, you should give careful consideration to the importance of a well-balanced and diversified investment portfolio, taking into account all your assets, income and investments. During the blackout period, your funds will remain invested and will continue to gain and/or lose value depending on market conditions.

8 Carefully consider the investment objectives, risks, fees and expenses of the annuity and/or the investment options. Contact us for a prospectus, a summary prospectus and disclosure document, as available, containing this information. Read them carefully before investing. Securities offered or distributed through GWFS Equities, Inc., Member FINRA/SIPC and a subsidiary of Great-West Life & Annuity Insurance Company. Great-West Financial, Empower Retirement and Great-West Investments TM are the marketing names of Great-West Life & Annuity Insurance Company, Corporate Headquarters: Greenwood Village, CO; Great-West Life & Annuity Insurance Company of New York, Home Office: New York, NY, and their subsidiaries and affiliates, including registered investment advisers Advised Assets Group, LLC and Great-West Capital Management, LLC. GWFS Equities, Inc. registered representatives may also be investment adviser representatives of GWFS affiliate, Advised Assets Group, LLC. Representatives do not offer or provide investment, fiduciary, financial, legal or tax advice or act in a fiduciary capacity for any client unless explicitly described in writing. GWFS Equities, Inc., or one or more of its affiliates, may receive a fee from the investment option provider for providing certain recordkeeping, distribution and administrative services. Core investment options offered through a variable annuity, a group fixed and variable deferred annuity issued by GWL&A or, in New York, by GWL&A of NY, mutual funds, separately managed accounts, and/or collective trust funds. Diversification does not ensure a profit and does not protect against loss in declining markets. IMPORTANT: The projections, or other information generated on the website by the investment analysis tool regarding the likelihood of various investment outcomes, are hypothetical in nature. They do not reflect actual investment results and are not guarantees of future results. The results may vary with each use and over time. Healthcare costs and projections, if applicable, are provided by HealthView Services. HealthView Services is not affiliated with GWFS Equities, Inc. Empower Retirement does not provide healthcare advice. A top peer is defined as an individual who is at the 90th percentile of the selected age band, salary range and gender. ADP Retirement Services is not affiliated with GWFS Equities, Inc. or its parent company or affiliates. Unless otherwise noted: Not a Deposit Not FDIC Insured Not Bank Guaranteed Funds May Lose Value Not Insured by Any Federal Government Agency 2018 Great-West Life & Annuity Insurance Company. All rights reserved SOX AM