Annuity & Savings Fund

Prudential Retirement

You can contact Prudential participant services at (877) PRU-2100.

CARES Act and Hardship Withdrawals

The Coronavirus Aid, Relief, and Economic Security (CARES) Act was enacted into law on March 27, 2020.  The CARES Act permits the Annuity & Savings Fund to allow Coronavirus Related Hardship withdrawals through December 31, 2020, provided you meet one of the following qualifying conditions:

  • You, your spouse or dependent has been diagnosed with the coronavirus by a test approved by the Centers for Disease Control and Prevention.
  • You’ve experience adverse financial consequences as a result of:
    • Being quarantined.
    • Being furloughed, laid off, or having work hours reduced as a result of COVID-19.
    • Being unable to work due to lack of child care due to COVID-19.
    • Closing or reducing hours of a business owned by such individual as a result of COVID-19.
    • Other factors as determined by the Secretary of the Treasury.

A hardship distribution applies to any portion of your account balance that has been in your account for more than two (2) full calendar years preceding the calendar year of the request for the hardship withdrawal.  The maximum allowable amount for your COVID-19 coronavirus hardship distribution is $5,000.00.

Annual In-Service Distributions for June 1st

If you had Annuity contributions reported during the plan year, June 1, 2020 through May 31, 2021, you may be entitled to an In-Service withdrawal from your account balance based upon all contributions received.  All eligible participants will be receiving a letter showing the amount available, along with the information on how to complete your withdrawal, in May 2023.

The Trustees are pleased to offer you the opportunity to complete your request over the telephone, with an Empower representative.  You can also call the Trust Office or Empower, and we will mail you a personalized application to complete and return for processing, either method is acceptable.

Should you wish to make a withdrawal, you can contact Empower by calling 1-877-778-2100 and complete your request over the phone, or you call and ask for an In-Service Withdrawal form to be mailed directly to you.  Keep in mind, your In-Service Withdrawal Request must be completed no later than JUNE 30, 2023.

You can check your current amount available by calling Empower at 1-877-778-2100 and asking for the balance for contribution source ER Profit Sharing PYE 2021.

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 with Empower.

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 Empower 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.



Your investment options once your plan transfers to Prudential Retirement:

Fund Information

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.