Your Retirement. Plan smart. University of North Texas System Tax-Sheltered Annuity Plan and University of North Texas System Optional Retirement Plan The University of North Texas System (UNTS) has decided to make investment option changes to the University of North Texas System Tax-Sheltered Annuity Plan and University of North Texas System Optional Retirement Plan ( Plan ). As a result of these changes, beginning September 28, 2018, you will be provided with the following through our new product offering, Retirement Choice II: New account under a new plan number Modified menu of investment options What s changing? This process is automatic. You are not required to do anything other than the items listed in the Things to do section of this letter. A new account will be established for you automatically on September 28. You will receive confirmation of the enrollment in your new Plan account with Voya Financial (Voya). Please note: Your existing Plan account balance(s) with Voya will not automatically exchange ( transfer ), though you can voluntarily elect to transfer these amounts at any time on or after September 28. Once you transfer out of your current Plan account with Voya, you cannot transfer back. Please carefully consider the benefits of existing and potentially new retirement accounts and any differences in features. If you would like to learn more about account transfers or would like assistance with an account transfer, you can contact your local Voya advisor at (972) 643-6304 or the Voya Account Consolidation Team at (866) 865-2660. On January 2, 2019, your future contributions will be automatically directed to the new Plan account and allocated according to the investment option fund chart on the following pages. This will serve as your initial investment allocation This guide and its information was provided by VOYA Financial. Fidelity Investments is not responsible for its content.
Things to do Decide how you want your contributions and/or transferred existing balance to be invested in your new Plan account with Voya. Important Your beneficiary designation records will transfer over to the new Plan account; however, it is very important that you review and update your beneficiary designations as necessary. This is a good time to make sure your designations are current by: 1) c alling Voya s Retirement Readiness Service Center at (800) 584-6001 or 2) online at VoyaRetirementPlans.com. Make preparations so that your assets are distributed to the individual(s) of your choice. Invest your way - Election change Although the Plan is automatically mapping your contribution elections (allocations) to the new investments, you can invest these assets in any of the other options offered in the Plan. Be certain to submit your request no later than the close of the New York Stock Exchange (NYSE), generally, 4:00 pm eastern time on December 20 to ensure directions are received prior to the transition. Beginning September 28, access your Plan account at VoyaRetirementPlans.com. Select your investment option elections by clicking Account > Manage Investments > Change Elections. Your contributions will be invested into the investment option(s) you select and in accordance the percentages you designate. If you prefer customer service assistance, you can also contact Voya at (800) 584-6001. Our customer service associates will be happy to assist you with this request. IMPORTANT: Any election change you submit as described above will also direct how each of your ongoing payroll deferrals to the Plan are invested with Voya. You can request a new election change at any time following the transition. Following the switch of contributions to the Plan on January 2, 2019, you are always able to transfer your balance between investments and/or change how your payroll deferrals are invested, subject to Voya s Excessive Trading Policy and equity wash provisions. These are described in the accompanying Retirement Choice II Information Booklet. Key transition dates 02 I Date Event September 28 Access your new Plan account at Voya. Decide if you want to change how your contributions are invested and/or whether or not you want to exchange your current Voya account balance to your new Plan account with Voya. December 2018 Last contributions to your current Plan account balance. January 2019 First contributions to your new Plan account with Voya. March 31, 2019 First combined statement reflecting contributions made to your new Plan account during the quarterly statement period.
Fees and Expenses Understanding the fees and expenses of your retirement investments is important and sometimes complicated! Recordkeeping and administrative service fees will continue to apply to your account after this transition. Today, all fees for the Plan s administrative costs are included in the expenses charged by the Plan s investment options. These are not explicit deductions visible to you in your account or as a separate line item on your quarterly statements. Advisory Services: An annual expense of 0.50% applies if you elect to utilize the Morningstar Retirement ManagerSM Have Morningstar Manage My Plan service*. For further information, including costs and features, please click Get Advice to get additional information about Morningstar Retirement ManagerSM available online at VoyaRetirementPlans.com. This service will be available in your account once you have a balance with Voya. Without full administrative fee transparency, you may be under the impression that your overall cost to participate in this Plan is lower than it actually is. To ensure greater transparency for you, Voya will deduct all recordkeeping and administrative service fees as a separate line item on your new Plan account. With the Plan s increased fee transparency, you ll know exactly what you are being charged for Voya s services. Perhaps more important, going forward the Plan will reimburse Voya the same fees regardless of the investment options you select. IMPORTANT: The projections or other information generated by Morningstar Retirement Manager regarding the likelihood of various retirement income and/or investment outcomes are hypothetical in nature, do not reflect actual results (including investment results) and are not guarantees of future results. Results may vary with each use and over time. Beginning as early as October, Voya will deduct an annualized asset-based fee of 0.50% from your account on a quarterly basis. This is the total fee for Voya s recordkeeping services and, as noted previously, is a reduction in the overall fees you are charged today. Individual mutual fund fees will still apply based on selected investments. The deduction will come pro-rated, or in proportion, from each of the investments within your account including the Voya Fixed Plus Account III. Morningstar Retirement ManagerSM is offered by Morningstar Investment Management LLC and is intended for citizens or legal residents of the United States or its territories. The investment advice delivered through Morningstar Retirement Manager is provided by Morningstar Investment Management LLC, a registered investment adviser and subsidiary of Morningstar, Inc. Morningstar Investment Managements advisory service relates solely to the investment options offered under the plan. Retirement plan funding products offered through Voya Financial Partners, LLC (member SIPC) or other broker dealers with which it has selling agreements. Voya Financial provides Morningstar Investment Management with the plan s investment options and information about participants but the decisions regarding the advice provided are made by Morningstar Investment Management. Voya and its companies are not affiliated with Morningstar Investment Management, LLC or its affiliates, and receive no fee or other direct financial benefits from Morningstar Investment Management in connection with the use of its services. The Morningstar name and logo are registered marks of Morningstar, Inc. Did you know? management fees are expressed as a percentage, known as an expense ratio. The expense ratio is what an investment company charges to invest in a fund. This amount is taken out of the fund s assets and lowers the return to a fund s investors. management fees and operating expenses are retained by the fund companies and vary by fund. -specific fees and expenses will not appear on your quarterly statements because they are collected by the fund companies and reflected in each fund s daily net share price. Fees depend on the investment option chosen. Please refer to the individual fund prospectuses for fund fee information. Expense ratios of the mutual funds can also be found on the enclosed fund performance report. I 03
Investment Options What is the stability of principal option offered? A new credited fixed interest account, the Voya Fixed Plus Account III, will be offered through a group fixed annuity contract. This investment option currently pays a credited interest rate of 1.75%, guaranteed to not be less than 1.00% through December 31, 2018. Guarantees are based on the claims-paying ability of Voya Retirement Insurance and Annuity Company. Unlike the Voya Fixed Plus Account III, the investment return or principal value of the mutual funds under the Plan is not guaranteed. Please note: The Voya Fixed Plus Account III is subject to an equity wash provision. This provision restricts direct transfers between the Voya Fixed Plus Account III and any competing investment. With the exception of the optional self-directed brokerage account and the American Century Capital Preservation, there are no other competing funds in the new menu of investment options. All transfers are also subject to the Voya Excessive Trading Policy. Please refer to the enclosed Retirement Choice II Information Booklet for additional information regarding these provisions. mapping chart The following chart shows how your contributions will be allocated to the new Plan account beginning January 2, 2019, if you have not already redirected your contributions and/or voluntarily transferred your existing assets into the new Plan account after September 28. # Current investment option Stability of principal 7394 LORD ABBETT SHORT DURATION INC FD R4 4550 VOYA FIXED ACCOUNT (4550) 4551 VOYA FIXED ACCOUNT (4551) 4563 VOYA FIXED PLUS ACCOUNT (4563) 4564 VOYA FIXED PLUS ACCOUNT (4564) 4556 VOYA LONG-TERM GAA (4556) 4555 VOYA SHORT-TERM GAA (4555) Maps to # New investment option 4020 VOYA FIXED PLUS ACCOUNT III Asset category Stability of Principal Guarantees are based on the claims-paying ability of Voya Retirement Insurance and Annuity Company and do not apply to the investment return or principal value of the mutual funds under a custodial agreement. 003 VOYA GOVT MONEY MARKET PORTFOLIO I 2573 VANGUARD FEDERAL MONEY MARKET Money Market You could lose money by investing in the. Although the seeks to preserve the value of your investment at $1.00 per share, it cannot guarantee it will do so. An investment in the is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. The s sponsor has no legal obligation to provide financial support to the, and you should not expect that the sponsor will provide financial support to the at any time. Bonds 1554 VOYA U.S. BOND INDEX PORTFOLIO I 1001 AMER CENT INFL-ADJUST BOND FND INV 1003 AMERICAN FUNDS BOND FD AM R4 7576 METROPOLITAN WEST TOTAL RTRN BD FD M 833 PIMCO VIT REAL RETURN PORTFOLIO ADM 834 PIONEER HIGH YIELD VCT PORTFOLIO I 1041 TCW TOTAL RETURN BOND FUND N 178 TEMPLETON GLOBAL BOND FUND A 422 VOYA GLOBAL BOND PORT I 787 VOYA HIGH YIELD PORTFOLIO SRV 004 VOYA INTERMEDIATE BOND PORT I 452 VY INVESCO EQTY & INC PORT I 1220 VY PIONEER HIGH YIELD PORTFOLIO I 04 I 799 6591 VANGUARD TOTAL BOND MARKET INDEX I PRUDENTIAL TOTAL RETURN BOND Q Intermediate- Term Bond Intermediate- Term Bond
# Current investment option Asset Allocation 759 VOYA SOLUTION 2025 PORTFOLIO SRV 762 VOYA SOLUTION 2035 PORTFOLIO SRV 765 VOYA SOLUTION 2045 PORTFOLIO SRV 1167 VOYA SOLUTION 2055 PORTFOLIO SRV 768 VOYA SOLUTION INCOME PRT SRV 1601 VOYA SOLUTION MODERATELY CONSERV - SRV 033 VOYA STRATEGIC ALLOC CONSERV PORT I 031 VOYA STRATEGIC ALLOC GROWTH PORT I Maps to # 4701 4702 4703 4704 4705 4706 4707 4708 4709 4710 8985 4711 New investment option 2015 INSTL 2020 INSTL 2025 INSTL 2030 INSTL 2035 INSTL 2040 INSTL 2045 INSTL 2050 INSTL 2055 INSTL 2060 INSTL 2065 INSTL INC INSTL MAP BY AGE TO VANGUARD TARGET DATE FUND Asset category Investments in Target Retirement s are subject to the risks of their underlying funds. The year in the name refers to the approximate year (the target date) when an investor in the would retire and leave the work force. The will gradually shift its emphasis from more aggressive investments to more conservative ones based on its target date. An investment in the Target Retirement is not guaranteed at any time, including on or after the target date. Balanced 101 CALVERT VP SRI BALANCED PORTFOLIO 193 PAX BALANCED FUND IND INV 008 VOYA BALANCED PORTFOLIO I 1602 VOYA SOLUTION BALANCED PRT SRV 032 VOYA STRATEGIC ALLOC MODERATE PORT I 788 VY TROWEPRICE CAPTL APPREC PT SRV 2227 AMERICAN FUNDS CAP IN BLD R4 3911 VOYA GLOBAL PERSPECTIVES PORT I Large Cap Value 108 FIDELITY VIP EQTY-INCOME PORT I 1213 VOYA LARGE CAP VALUE PORT INST 2711 VOYA RUSSELL LRG CP VAL IND PRT S 789 VY INVESCO GRW & INC PORT SRV 617 VY TROWEPRICE EQTY INCOME PT SRV 437 VY INVESCO COMSTOCK PORT - SRV 8759 VANGUARD WELLINGTON ADMIRAL Allocation - 50% to 70% Equity MAP BY AGE TO VANGUARD TARGET DATE FUND 9857 MFS VALUE R6 Large Value I 05
# Current investment option Large Cap Value (continued) 1595 AMANA INCOME FUND INV 1208 AMERICAN FUNDS FDMNTL INV R4 819 AMERICAN FUNDS WASH MTUAL R4 6620 AVE MARIA RISING DIVIDEND FUND 133 FIDELITY VIP CONTRAFUND PORT I 079 INVESCO V.I. CORE EQUITY FUND SI 3436 VOYA CORPORATE LEADERS 100 FUND I 001 VOYA GROWTH AND INCOME PORT I 035 VOYA INDEX PLUS LARGECAP PORTFOLIO I 772 VOYA MULTI-MANAGER LG CP CR PT INST 1557 VOYA RUSSELL LRG CAP INDEX PORT I 264 VY COLUMBIAN CONTRARIAN CORE PORT - SRV 1120 NEUBERGER BERMAN SOCIALLY RESP TRST Large Cap Growth 1584 ALGER RESPONSIBLE INVESTING FUND A 1612 AMANA GROWTH FUND INV 572 AMERICAN FUNDS GROWTH FND R4 109 FIDELITY VIP GROWTH PORTFOLIO I 742 VOYA LARGE CAP GROWTH PORT INST 2713 VOYA RUSSELL LRG CP GRW IND PORT I 111 VY TROWEPRICE GRWTH EQTY PORT I 3384 INVESCO V.I. AMERICAN FRANCHISE FUND - SERIES I Small/Mid/Specialty 187 ARIEL FUND INVESTOR 832 OPPENHEIMER MAIN ST SM CAP F/VA 053 VOYA INDEX PLUS MIDCAP PORTFOLIO I 052 VOYA INDEX PLUS SMALLCAP PORTFOLIO I 1560 VOYA RUSSELL MID CAP INDEX PORT I 1563 VOYA RUSSELL SM CP INDEX PORT I 042 VOYA SMALL COMPANY PORTFOLIO I 752 VY JPMORGAN SM CP CORE EQ PRT SRV 7007 AMG MANAGERS FAIRPOINTE MID CAP FUND - CLASS N 7280 BLACKROCK MD CP DIVIDEND FUND INV A 075 LORD ABBETT SER FD MD CP STK PRT VC 440 VY AMCEN SM-MD CP VAL PORT SRV 435 VY JPMORGAN MID CAP VAL PORT SRV 1008 COLUMBIA MID CAP VALUE-CLASS A Maps to # New investment option Asset category 566 VANGUARD INSTITUTIONAL INDEX I Large Blend 1215 7577 7499 VANGUARD FTSE SOCIAL INDEX FUND - INST SH T.ROWE PRICE BLUE CHIP GROWTH I VANGUARD EXTENDED MARKET INDEX INSTL 7570 JPMORGAN MID CAP VALUE R6 Large Blend Large Growth Mid-Cap Blend Mid-Cap Blend
# Current investment option Small/Mid/Specialty (continued) 2656 USAA PREC METALS & MINERALS FD ADV 081 VOYA MIDCAP OPPORTUNITIES PORT I 2718 VOYA RUSSELL MD CP GRW IND PORT S 449 VY TROWEPRICE DIVR MDCP GR PT I 820 WANGER SELECT 290 INVESCO MID CAP CORE EQUITY FUND - CLASS A 2495 DLWR SMALL CAP VALUE FUND A 073 FRANKLIN SMALL CAP VALUE VIP FD 2 1117 LOOMIS SAYLES SM CP VALUE FND RET 191 WELLSFARGO SPEC SM CP VAL FD A 1218 VY COLUMBIA SMALL CAP VALUE II PORT - SRV CL 080 VOYA SMALLCAP OPPORTUNITIES PRT I 436 VY BARON GROWTH PORT SRV 821 WANGER USA 6071 WELLS FARGO SMALL COMPANY GROWTH FUND ADM CL 1172 COHEN & STEERS REALTY SHARES 1613 VY CLARION GLOBAL RL EST PRT INST 1019 VY CLARION REAL ESTATE PORT SRV 1776 BLACKROCK HLTH SCI OPPORT PORT INV A 1908 PIMCO COMMODITYRLRTN STRAT FND ADM 1043 IVY SCIENCE AND TECHNOLOGY FUND Y 1551 VOYA INTERNATIONAL INDEX PORT - CLASS I 573 AMERICAN FUNDS EUROPACIFIC R4 107 FIDELITY VIP OVERSEAS PORTFOLIO I 1586 VY TEMPLETON FOREIGN EQTY PORT I 5055 LAZARD INTERNATIONAL EQUITY PORTFOLIO - OPEN SHR 3647 THE HARTFORD INTERNATIONAL OPPORTUNITIES FUND-R4 1252 ARTISAN INTERNATIONAL FUND - INV CL 770 VY T.ROWE PRICE INTERNATIONAL STOCK PORT - SRV 190 OPPENHEIMER DEVELOPING MARKETS FND A 432 VY OPPENHMR GLOBAL PORT I 779 VY JPMORGAN EMRG MKTS EQ PORT SRV 818 AMERICAN FUNDS NW PRSPCTV R4 1232 VY TEMPLETON GLBL GROWTH PORT SRV 1445 AMERICAN FUNDS SMALLCAP R4 2176 VOYA MULTI-MANAGER INTL SM CAP FD I 3056 VOYA GLOBAL EQUITY PORTFOLIO I 1348 WANGER INTERNATIONAL Maps to # 6097 8581 8407 509 9772 1723 New investment option MASSMUTUAL SELECT MID CAP GROWTH I GOLDMAN SACHS SMALL CAP VALUE R6 T.ROWE PRICE QM US SMALL-CAP GR EQ I PRINCIPAL REAL STATE SECURITIES FD R-6 Asset category Mid-Cap Growth Small Blend Small Growth Specialty - Real Estate MAP BY AGE TO VANGUARD TARGET DATE FUND VANGUARD TOTAL INTERNATIONAL STOCK INSTL AMERICAN FUNDS EUROPACIFIC GROWTH R6 Foreign Large Blend Foreign Large Growth MAP BY AGE TO VANGUARD TARGET DATE FUND
Frequently Asked Questions Will there be fees associated with these changes? You will not be charged any fees by Voya as a result of the transition. management fees and other fund operating expenses will apply. Fees depend on the investment option(s) you select. Please refer to the individual prospectuses for fund fee information. Refer to Fees and expenses section for more information. What happens if I am currently using an automatic rebalancing feature? Any current elections to rebalance your account will not automatically transfer. If you elect to exchange your balance to your new Plan account, you can re-establish this feature at your convenience. Will I receive a confirmation statement? Shortly after the transition, Voya will mail a confirmation statement notifying you that the transition process to your new Plan account is complete, and confirming the investment option(s) to which amounts were transferred. As a result of this activity, a separate certificate of participation in the Plan s group annuity contract will be mailed to you. Please retain this for your files. How do I register for online access with Voya? If you have not previously registered for online access, contact Voya at (800) 584-6001 for assistance in securing a Personal Identification Number (PIN). A new PIN will be mailed to you so that you can get started. Is my existing account required to transfer to my new account? You are not required to move assets held in other Voya accounts to this new plan account. Can I continue to contribute to my Voya retirement account at UNT opened prior to July 1, 2018? As of January 2, 2019 salary deferrals may only be credited to the Voya accounts established on December 20, 2018. Our commitment to you As a participant in the The University of North Texas System Retirement Plans, you have access to your Voya local office, with staff who can help you with your retirement strategy. Our local representatives* are available to assist you with a variety of services designed to help you review your specific situation and develop a plan that helps you meet your retirement plan objectives. Ongoing support includes: Individual meetings held on site Group enrollment and educational meetings Retirement income estimation Educational investment, financial, and retirement planning seminars covering a variety of topics Telephone: (972) 643-6304 Address: Voya Financial 14643 Dallas Pkwy, Ste 650 Dallas, TX 75254 Phone: 972.643.6304 Office Hours: 8:30 a.m. to 5:00 p.m., Monday Friday * Investment Adviser Representative and Registered Representative of, and securities and investment advisory services offered through Voya Financial Advisors, Inc. (Member SIPC). Not FDIC/NCUA/NCUSIF Insured I Not a Deposit of a Bank/Credit Union I May Lose Value I Not Bank/Credit Union Guaranteed I Not Insured by Any Federal Government Agency You should consider the investment objectives, risks, and charges and expenses of the mutual funds offered through a retirement plan, carefully before investing. The fund prospectuses and information booklet containing this and other information can be obtained by contacting your local representative. Please read the information carefully before investing. Mutual funds under a trust or custodial account agreement are intended to be long-term investments designed for retirement purposes. If withdrawals are taken prior to age 59½, an IRC 10% premature distribution penalty tax will apply, unless an IRS exception applies. Account values fluctuate with market conditions, and when surrendered, the principal may be worth more or less than the original amount invested. A group fixed annuity is an insurance contract designed for investing for retirement purposes. The guarantee of the fixed account is based on the claims-paying ability of the issuing insurance company. Although it is possible to have guaranteed income for life with a fixed annuity, there is no assurance that this income will keep up with inflation. Money taken from the plan will be taxed as ordinary income in the year the money is distributed. An annuity does not provide any additional tax benefit, as tax deferral is provided by the Plan. Annuities may be subject to additional fees and expenses, to which other tax-deferred funding vehicles may not be subject. However, an annuity does offer other features and benefits, such as lifetime income payments and death benefits, which may be valuable to you. For 403(b)(1) fixed or variable annuities, employee deferrals (including earnings) may generally be distributed only upon your: attainment of age 59½, severance from employment, death, disability, or hardship. Note: Hardship withdrawals are limited to employee deferrals made after 12/31/88. Exceptions to the distribution rules: No Internal Revenue Code withdrawal restrictions apply to 88 cash value (employee deferrals (including earnings) as of 12/31/88) and employer contributions (including earnings). However, employer contributions made to an annuity contract issued after December 31, 2008 may not be paid or made available before a distributable event occurs. Such amounts may be distributed to a participant or if applicable, the beneficiary: upon the participant s severance from employment or upon the occurrence of an event, such as after a fixed number of years, the attainment of a stated age, or disability. For 403(b)(7) custodial accounts, employee deferrals and employer contributions (including earnings) may only be distributed upon your: attainment of age 59½, severance from employment, death, disability, or hardship. Note: hardship withdrawals are limited to: employee deferrals and 88 cash value (earnings on employee deferrals and employer contributions (including earnings) as of 12/31/88). Insurance products, annuities and retirement plan funding issued by (third party administrative services may also be provided by) Voya Retirement Insurance and Annuity Company ( VRIAC ), Windsor, CT. VRIAC is solely responsible for its own financial condition and contractual obligations. All companies are members of the Voya family of companies. Securities distributed by Voya Financial Partners LLC (member SIPC) or third parties with which it has a selling agreement. Custodial account agreements or trust agreements are provided by Voya Institutional Trust Company. All products and services may not be available in all states. 201242 3052297.C.P 2018 Voya Services Company. All rights reserved. CN0507-42080-0620D Voya.com