We are excited to announce the move to Prudential Retirement is now complete! You now have full access to your account and can make transactions online and by phone.
To help you become more familiar with your new record keeper and the investment options available, Prudential has prepared a presentation for the area locations shown below:
|Charleston Union Hall||April 28, 2019||1:30 pm|
|Petersburg Branch Office||April 28, 2019||1:30 pm|
|Glen Dale Branch Office||April 28, 2019||1:30 pm|
|Beckley Branch Office||May 5, 2019||1:30 pm|
|(New Address is 701 S Oakland Ave, Beckley, WV)|
Remember, these area meetings are only held at each area location once a year, so please take advantage of the opportunity to become more familiar with your Fund, your contributions and plan for your future. The Trustees also encourage you to bring your spouse to the meeting!
Your investment options once your plan transfers to Prudential Retirement:
Investment Category Fund Name Fund Name
|Target-Date 2020||Vanguard Target Retirement 2020 Inv (VTWNX)*|
|Target Date 2025||Vanguard Target Retirement 2025 Inv (VTTVX)*|
|Target Date 2030||Vanguard Target Retirement 2030 Inv (VTHRX)*|
|Target Date 2035||Vanguard Target Retirement 2035 Inv (VTTHX)*|
|Target Date 2040||Vanguard Target Retirement 2040 Inv (VFORX)*|
|Target Date 2045||Vanguard Target Retirement 2045 Inv (VTIVX)*|
|Target Date 2050||Vanguard Target Retirement 2050 Inv (VFIFX)*|
|Target Date 2055||Vanguard Target Retirement 2055 Inv (VFFVX)*|
|Target Date 2060+||Vanguard Target Retirement 2060 Inv (VTTSX)*|
|Target Retirement||Vanguard Target Retirement Income Inv (VTINX)*|
|Large Growth||Fidelity® Contrafund® (FCNTX)*|
|Large Blend||Vanguard 500 Index Admiral Admiral (VFIAX)*|
|Mid-Cap Blend||Federated Mid-Cap Index Svc (QISCX)*|
|Small Blend||Federated MDT Small Cap Core Instl (QISCX)*|
|Foreign Large Blend||Vanguard Total Intl Stock Index Admiral (VTIAX)*|
|Intermediate-Term Bond||Vanguard Total Bond Market Index Adm (VBTLX)*|
|Stable Value||MassMutual SAGIC Diversified II|
*Registered mutual fund
The target date is the approximate date when investors plan to retire and may begin withdrawing their money. The asset allocation of the target date funds will become more conservative as the target date approaches by lessening the equity exposure and increasing the exposure in fixed income type investments. The principal value of an investment in a target date fund is not guaranteed at any time, including the target date. There is no guarantee that the fund will provide adequate retirement income. It is possible to lose money by investing in securities.
A target date fund should not be selected based solely on age or retirement date, is not a guaranteed investment and the stated asset allocation may be subject to change.
As with all investments, there are a number of factors and risks to consider in selecting a target date fund. In addition to anticipated retirement date, relevant factors for Fund selection may include age, risk tolerance, other investments owned, and planned withdrawals. In addition, participants should carefully consider the investment objectives, risks, charges, and expenses of any Fund before investing. It is possible to lose money in a Fund—including near or following retirement—and there is no guarantee that the Funds will provide adequate retirement income. Investments in the Funds are not deposits of obligations of any bank and are not insured or guaranteed by any governmental agency or instrumentality.
Tools and Resources
You now have full access to your account and can make transactions online and by phone.
Manage your account, review plan information, research your investment options and perform transactions. You can register or log in any time after the move to Prudential is complete.
Get account information or initiate transactions any time with our easy-to-use automated phone system. If you have questions or need help, participant service representatives are available Monday through Friday, 8 a.m. to 9 p.m., ET. Call any time after the move to Prudential is complete to create your personal identification number (PIN).
For informational or educational purposes only. This material is not intended as advice or recommendation about investing or managing your retirement savings. By sharing it, Prudential Retirement is not acting as your fiduciary as defined by the Department of Labor or otherwise. If you need investment advice, please consult with a qualified professional.
Retirement products and services are provided by Prudential Retirement Insurance and Annuity Company (PRIAC), Hartford, CT or its affiliates. PRIAC is a Prudential Financial company. Investors should consider the fund’s investment objectives, risks, charges and expenses before investing. The prospectus, and if available the summary prospectus, contains complete information about the investment options available through your plan. Please call 1-877-778-2100 for a free prospectus and if available, a summary prospectus that contains this and other information about our mutual funds. You should read the prospectus and the summary prospectus, if available carefully before investing. It is possible to lose money by investing in securities.
Shares of the registered mutual funds are offered through Prudential Investment Management Services LLC (PIMS), Three Gateway Center, 14th Floor, Newark, NJ 07102-4077. PIMS is a Prudential Financial company.
© 2019 Prudential Financial, Inc. and its related entities. Prudential, the Prudential logo, the Rock symbol and Bring Your Challenges and service marks of Prudential Financial, Inc., and its related entities, registered in many jurisdictions worldwide.