Annuity & Savings Fund

The Board of Trustees are pleased to announce they are in the process of adding John Hancock as your new Annuity & Savings Fund record keeper.  Over the next couple weeks, you will be receiving a formal notice and communications regarding this change.

As you now currently have full access to your account with Empower, you can continue to make transactions online and by phone.

empowermyretirement.com
Manage your account, review plan information, research your investment options and perform transactions. You can register or log in any time with Empower.

1-833-569-2433
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).

If you had Annuity contributions reported during the plan year, June 1, 2022 through May 31, 2023, 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 2025.

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 1-833-569-2433 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, 2025.

You can check your current amount available by calling Empower at 1-833-569-2433 and asking for the balance for contribution source ER Profit Sharing PYE 2023.

Your investment options once your plan transfers to Prudential Retirement:

*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.