Vassar College 403(b) Retirement Plan Website USER GUIDE 32281_02_BRO_Vassar_UserGuide.indd 1
Vassar College is pleased to announce that effective April 3, 2017, we will offer one website and one phone contact for you to see and manage planlevel changes, including seeing your balance, changing your contribution amount, changing your investment provider between Fidelity Investments and TIAA, and applying for loans. You will still have access to both Fidelity and TIAA for investment allocation and beneficiary changes. YOU DO NOT NEED TO REENROLL IN THE PLAN IF YOU ARE ALREADY CONTRIBUTING. Use this guide when you wish to make changes to your account. This guide will help you navigate the new site and execute various transactions. You can find information specific to your needs by using the following sections of the guide. Page 1 Changes Ahead Page 2 New Website and Retirement Service Center Page 3 Current Participants Page 8 New Hires and First-Time Enrollees Page 13 Tools and Resources Page 16 Contact Information 32281_02_BRO_Vassar_UserGuide.indd 2
Changes Ahead Fidelity Investments will offer a new website for the Vassar College 403(b) Retirement Plan and make its call center available for changing your payroll contributions and choosing your investment service provider for the Plan. Both Fidelity Investments and TIAA will continue to be investment service providers to which you can direct your payroll contributions. As of April 3, 2017, changes to your payroll contributions and/or investment service provider elections can be made on the new website or by calling the Retirement Service Center. If you do not want to make any changes, you do not need to do anything. Your contributions will continue to be invested with your chosen investment service provider and in your current investment options. WHAT REMAINS THE SAME: Choice of investment service provider: Fidelity Investments and/or TIAA A range of investment options from both investment service providers Employer contributions directed to your chosen investment service provider (Fidelity and/or TIAA ) Payroll contributions directed to your chosen investment service provider (Fidelity and/or TIAA) On-site representatives from both Fidelity Investments and TIAA WHAT S NEW: A new website that provides Plan information and access to log in to your account to make changes to your payroll contributions and investment service provider A dedicated retirement service center to help you enroll or make changes to your payroll contributions and investment service provider A direct online link from the new website to access your TIAA investments and beneficiaries Roth contribution option, and rollovers from prior employer plans Beneficiary designations will continue to be updated through your chosen investment service provider Loans and withdrawal options Quarterly statements and required notifications 1 32281_02_BRO_Vassar_UserGuide.indd 1
New Website and Retirement Service Center Effective April 3, 2017, you will be able to enroll in the Plan, change your payroll contributions, make/update your beneficiary designations, and change your investment service provider online through the new website. You will no longer need to email the benefits office or complete a paper form! Visit www.netbenefits.com/vassar. TO REACH THE RETIREMENT SERVICE CENTER BY PHONE: You may also access your account or speak with a Customer Service Representative by calling Fidelity toll free at 800.343.0860, Monday through Friday (excluding New York Stock Exchange holidays, except Good Friday), from 8 a.m. to midnight Eastern time. 2 32281_02_BRO_Vassar_UserGuide.indd 2
Current Participants LOGGING IN TO THE SITE If you are a current Fidelity participant and already have a username and password, you can use them to log in to your account through the new Vassar College 403(b) Retirement Plan website at www.netbenefits.com/vassar. If you have forgotten your username and/or password, click Need Help? at the top of the webpage to reset them. If you are a Fidelity and/or TIAA participant and are not registered for online access, you will need to register online. Visit www.netbenefits.com/vassar, click the Register link at the top of the webpage, and follow the prompts to establish your username and password. USING THE SITE Click the green bar to select your plan. 3 32281_02_BRO_Vassar_UserGuide.indd 3
CHANGE YOUR PAYROLL CONTRIBUTIONS To change the percentage of your retirement plan payroll contributions, click Contribution Amount from the Quick Links menu for the Vassar SRA Plan. Choose Contribution Amount and follow the steps to update your election. 4 32281_02_BRO_Vassar_UserGuide.indd 4
CHANGE YOUR RETIREMENT SERVICE PROVIDER To change the retirement service provider, click Contribution Amount from the Quick Links menu for the Plan. Select Retirement Providers, and follow the steps to change/select your provider elections. You may elect 100% of your deferral (and any applicable employer contributions) to be allocated to Fidelity or 100% to TIAA, or any combination to the two providers that totals 100%. CHANGE YOUR INVESTMENT OPTIONS You can change where your current balance is invested. You can also change where your new money is invested going forward. Click Change Investments from the Quick Links menu for the Plan in which you wish to make investment changes. Choose the action you wish to take. You can change your future investment elections and/or move your current balances between investment options. 5 32281_02_BRO_Vassar_UserGuide.indd 5
If you are changing your investment options with your TIAA account, click Manage your TIAA investment elections. DESIGNATE YOUR BENEFICIARIES Beneficiary designations are held separately for Fidelity and TIAA. You will need to designate your beneficiaries with Fidelity, TIAA, or both if you have split your provider elections. Fidelity Once you log in to your account, choose Profile at the top of the page. Then choose Beneficiaries under About You and follow the step-by-step instructions to verify or make changes to your elections. You can also request a paper form by contacting Fidelity at 800.343.0860. 6 32281_02_BRO_Vassar_UserGuide.indd 6
TIAA To update your beneficiaries for your TIAA account(s), visit www.tiaa.org/vassar and enter your user ID and password. Click My Profile at the top of the TIAA home page. Then choose Beneficiaries and follow the step by-step instructions to verify or make changes to your elections. You can also contact TIAA at 800.842.2252. 7 32281_02_BRO_Vassar_UserGuide.indd 7
New Hires and First-Time Enrollees Go to www.netbenefits.com/vassar and click Register. Follow the prompts to establish a username and password. 8 32281_02_BRO_Vassar_UserGuide.indd 8
Once registered, click the green bar to select the Vassar SRA plan and click Enroll. You will be prompted through a step-by-step enrollment process. Step 1: Set the contribution percentage (deferral) you wish to direct from your paycheck to the Plan. 9 32281_02_BRO_Vassar_UserGuide.indd 9
Step 2: Select your investment service provider (Fidelity and/or TIAA). Your investment service provider elections are for all retirement plan contributions, which include both your payroll contributions and any employer contributions. You can override the default retirement service provider 50/50 split (Fidelity and TIAA) to any percentages of your choosing, as long as the total is 100%. Step 3: Choose your investment options. Participants in Vassar s 403(b) Retirement Plan may at any time choose their own investments among the funds between two vendors: Fidelity Investments and TIAA. Each service provider, at the direction of Vassar, for contributions in which an investment direction is not provided, each service provider will invest contributions in a target date fund based on the participant s age. A target date fund is determined based on the year in which a participant reaches age 65. The target date funds are designed for investors expecting to retire around the year indicated in each target date fund name. The funds gradually become more conservative over time, with a corresponding change in investment risk. They are subject to the volatility of the financial markets, including that of equity and fixed income investments in the U.S. and abroad, and may be subject to risks associated with investing in high-yield, small-cap, commodityrelated, and foreign securities. Principal invested is not guaranteed at any time, including at or after the funds target dates. For more information on the investment options, log in to www.netbenefits.com/vassar. Fidelity participants You may elect your investments with Fidelity on the enrollment site during the enrollment process. Simply follow the steps online to select your investments. 10 32281_02_BRO_Vassar_UserGuide.indd 10
TIAA participants Once you have set your contribution percentage and investment provider elections, you will receive a confirmation similar to the one shown below. You will need to select your investments with TIAA directly through TIAA s website. You can click the link provided in the confirmation or visit www.tiaa.org/vassar. DESIGNATE YOUR BENEFICIARIES Beneficiary designations are held separately for Fidelity and TIAA. You will need to designate your beneficiaries with Fidelity, TIAA, or both if you have split your provider elections. Fidelity Once you log in to your account, choose Profile at the top of the page. Then choose Beneficiaries under About You and follow the step-by-step instructions to verify or make changes to your elections. You can also request a paper form by contacting Fidelity at 800.343.0860. 11 32281_02_BRO_Vassar_UserGuide.indd 11
TIAA To update your beneficiaries for your TIAA account(s), visit www.tiaa.org/vassar and enter your user ID and password. Click My Profile at the top of the TIAA home page. Then choose Beneficiaries and follow the step by-step instructions to verify or make changes to your elections. You can also contact TIAA at 800.842.2252. 12 32281_02_BRO_Vassar_UserGuide.indd 12
Tools and Resources VIEW INVESTMENT OPTIONS AVAILABLE AT FIDELITY AND TIAA The retirement providers offer a broad array of investment options that allow you to develop a diversified asset mix with Fidelity, TIAA, and/or both. To view and/or compare the list of investment options available through each service provider, select Plan & Investments, then click Investment Options. 13 32281_02_BRO_Vassar_UserGuide.indd 13
TOOLS AND CALCULATORS Easy-to-use interactive tools to help you assess your needs and determine next steps, such as the Contribution Calculator, Savings and Spending Check-up, and Estate Planning Action Center, are available under Tools & Resources. 14 32281_02_BRO_Vassar_UserGuide.indd 14
SET YOUR DELIVERY METHOD FOR COMMUNICATIONS AND STATEMENTS FROM THE PLAN Once registered for the site, log in and click Profile at the top right of the home page. Under About You, choose E-Mail Address to add your email address. Then, under Mail Preferences, you can choose your delivery method for communications and statements from the Plan. 15 32281_02_BRO_Vassar_UserGuide.indd 15
Contact Information If you have any questions about the Vassar College 403(b) Retirement Plan website or need assistance with a Fidelity account, please contact the Fidelity Retirement Service Center at 800.343.0860. Representatives are available Monday through Friday (excluding New York Stock Exchange holidays, except Good Friday), from 8 a.m. to midnight Eastern time. For questions regarding TIAA accounts, please call TIAA at 800.842.2252, Monday through Friday, from 8 a.m. to 10 p.m., and Saturday, from 9 a.m. to 6 p.m. Eastern time. You can also find contact information for Fidelity, TIAA, and Vassar College Human Resources at www.netbenefits.com/vassar under the Contact Us tab. 16 32281_02_BRO_Vassar_UserGuide.indd 16
Notes 17 32281_02_BRO_Vassar_UserGuide.indd 17
Human Resources at Vassar College Mailing & Office Address 124 Raymond Avenue Baldwin Hall, 3rd Floor Poughkeepsie, NY 12604-0712 Phone (845) 437-5850 All screenshots are for illustrative purposes only. TIAA and Fidelity Investments are independent entities and are not legally affiliated. Fidelity Brokerage Services LLC, Member NYSE, SIPC, 900 Salem Street, Smithfield, RI 02917 2017 FMR LLC. All rights reserved. 797154.1.0 32281_02_BRO_Vassar_UserGuide.indd 1