Retirement Plan Simplification

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Retirement Plan Simplification

Employee General Meetings

Today’s Agenda

• Introductions

What is not changing

• What is not changing

• What is changing

• New investment lineup

• What happens to current investment funds?

• Dates you need to know

• If you do not take action

• Fidelity investment education presentation Fidelity investment education presentation

• TIAA-CREF annuity presentation

• Resources available for employees

• Your questions

(2)

Reminder: What is not

changing

• Age and service requirements for retirement Age and service requirements for retirement

eligibility

• RIT’s matching contribution levels

• RIT’s relationship with Fidelity Investments and

TIAA-CREF

• RIT’s commitment to help you plan for your

3 Jan-12 3

• RIT s commitment to help you plan for your

retirement

Reminder: What is changing

• Merger of Basic and Voluntary Retirement Plans –

became RIT Retirement Savings Plan on January 1,

2012

• New oversight of investment fund performance and

fees by Retirement Plan Investment Committee

• Simplified menu of investment funds

f f

4 Jan-12 4

• Addition of self-directed brokerage account

• Opportunity for lower fees

• Added transparency in disclosure of fees

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Why are changes being

made?

• Historically 403(b) plans were individual arrangements

between employees and recordkeepers

– Limited employer role

• 401(k) plans came later – established as employer

arrangements, trust accounts

– Employer required from beginning to play active role

• U.S. DOL lately focused on 403(b) plans

D t i d l h ld l

5 Jan-12 5

– Determined same rules should apply

• RIT as plan sponsor responsible for selecting fund offerings

prudently

– Cannot monitor 200+ funds

– Cannot insure they are all highly rated

New Investment Lineup

• Available beginning February 1 2012 Available beginning February 1, 2012

• Recent mailings from RIT and Fidelity included detailed

information on the options under the 4 new investment

tiers:

– Tier 1 = Target retirement date funds

– Tier 2 = Core mutual funds

– Tier 3 = Annuities Tier 3 Annuities

– Tier 4 = Brokerage account

• Funds recommended by our investment advisors

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Tier 1: Target Retirement Date

Funds

• Series of Vanguard Target Retirement Date funds

– Fidelity Freedom Funds and TIAA-CREF Lifecycle Funds no longer

offered

• Designed for retirement around the date in the fund’s title

• Professionally managed funds

• Investment allocation becomes more conservative as people move

closer to retirement

• Plan’s default is Tier 1 fund closest to participant’s 65 ^th birthday, or

7 Jan-12 7

p p 65 y,

Vanguard Target Retirement Income Fund for those over age 65

• Recordkeeper for Tier 1 is Fidelity Investments

• RIT Retirement Plan Investment Committee will monitor investment

performance and fees for Tier 1 funds

Tier 2: Core Mutual Funds

15 hi hl t d t l f d

• 15 highly rated mutual funds

• Represent key asset classes to help you achieve a

diversified portfolio

• Passive/index vs. actively managed funds

• Recordkeeper for Tier 2 is Fidelity Investments

• RIT Retirement Plan Investment Committee will monitor

8 Jan-12 8

RIT Retirement Plan Investment Committee will monitor

investment performance and fees for Tier 2 funds

(5)

Tier 2 Asset Class Fund Name

Core Mutual Funds ‐

Passive/Index

Intermediate‐Term Bond Vanguard Total Bond Market Index Signal

Large Cap Blend Vanguard 500 Index Signal

Small/Mid Cap Blend Fidelity Spartan Extended Market Index Inv

Non‐U.S. Equity Vanguard International Stock Index Fund

Money Market Vanguard Prime Money Market Fund Inv

Core Mutual Funds – Active Intermediate‐Term Bond PIMCO Total Return Fund Inst

Inflation‐Protected Bond Vanguard Inflation‐Protected Securities Fund Admiral

Large Cap Growth Fidelity Contrafund – K

Large Cap Growth Calvert Equity Fund (a socially responsive fund)

Large Cap Value T. Rowe Price Large Cap Value Fund

9 9

Large Cap Value T. Rowe Price Large Cap Value Fund

Small Cap Growth Lord Abbett Developing Growth Fund I

Small Cap Value Royce Opportunity Fund Inv

Non‐U.S. Equity Thornburg International Value Fund R5

Emerging Markets Equity Aberdeen Emerging Markets Institutional Fund

Real Estate Cohen & Steers Institutional Realty Shares

Tier 3: Annuities

• Insurance contracts issued by an insurance company

• Accumulate money until retirement, at retirement convert

to a lifetime income stream

• 3 annuities will be active

• 7 annuities will be frozen

• Recordkeeper for Tier 3 is TIAA-CREF p

• RIT Retirement Plan Investment Committee will monitor

investment performance and fees for Tier 3 funds

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Tier 4 Brokerage Account

• Fidelity BrokerageLink available

Over 9 500 mutual funds from many different fund families

• Over 9,500 mutual funds from many different fund families

• For sophisticated investors who:

– Have knowledge and expertise to research and evaluate large number

of funds

– Want to take personal responsibility for monitoring performance and

fees of elected funds

– Prefers greater choice than available under Tiers 1, 2 and 3

• Important:

11 Jan-12 11

• Important:

– May have additional fees for investing in BrokerageLink

– Separate meetings regarding BrokerageLink

– RIT Retirement Plan Investment Committee is not responsible for

monitoring investment performance or fees for mutual funds in Tier 4

What Happens to the Current

Investment Funds?

A ti F d th t ill ti t b ff d f f t

Active – Funds that will continue to be offered for future

contributions, existing balances, and transfers in and out

• 2 current Fidelity funds & 3 current TIAA-CREF annuities

will be active

• Fidelity Contrafund (different share class)

• Fidelity Spartan Extended Market Index Fund

12 Jan-12 12

• TIAA Traditional

• CREF Stock

• CREF Money Market

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What Happens to the Current

Investment Funds, cont.?

F F d th t ill t b il bl f f t

Frozen – Funds that will not be available for future

contributions or transfers in, but existing balances may

remain and be transferred out if you elect to do so

• 7 current TIAA-CREF annuities will be frozen

– CREF Bond Market

– CREF Equity Index

CREF Global Equities

13 Jan-12 13

– CREF Global Equities

– CREF Growth

– CREF Inflation-Linked Bond

– CREF Social Choice

– TIAA Real Estate

What Happens to the Current

Investment Funds, cont.?

Eli i t d F d th t ill t b il bl f f t

• Eliminated - Funds that will not be available for future

contributions or existing balances

– Fidelity Freedom and TIAA-CREF Lifecycle Funds

– All other Fidelity funds that were not identified as active

– The following TIAA-CREF funds:

• International Equity Index Fund

• Large Cap Value Index Fund

• Large-Cap Value Index Fund

• Mid-Cap Growth Fund

• Mid-Cap Value Fund

• Small-Cap Blend Index Fund

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What Happens to the Current

Investment Funds, cont.?

A i F Eli i d

Active

(effective 2/1/2012)

Frozen

(effective 3/1/2012)

Eliminated

(effective 6/1/2012)

Future

contributions ^Yes ^No ^No

Existing balances

may remain ^Yes ^Yes ^No

15 Jan-12 15

Transfers in Yes No No

Transfers out Yes Yes No

Take Action!

• Determine whether you need to change investments for

f t t ib ti

your future contributions

– Look at your current investment election

– Compare with list of funds in Tiers 1, 2 and 3

– If you have payroll contributions going to “frozen” or “eliminated” funds,

you should change your election.

• Determine whether you need to transfer your existing

balances

16 Jan-12 16

– Look at funds in which you have existing balances

– Compare with list of funds in Tiers 1, 2 and 3

– If you have existing balances in “eliminated” funds, you should consider

transferring those balances.

(9)

Upcoming Key Dates

to Make Changes

• February 1 – New tiers, funds available

M b i t k h l ti f ll t ib ti ( d RIT

– May begin to make changes: elections for payroll contributions (and RIT

matching contributions) and/or transfer existing balances to new funds

• March – Automatic redirection of payroll contributions

– Contributions previously going to eliminated or frozen funds will be directed to

the default fund, Tier 1 – Vanguard Target Retirement Date Fund nearest your

65

^th

birthday

– Effective for March 15 semi-monthly and March 16 biweekly payrolls

– You cannot make changes to contributions into TIAA-CREF funds between

March 1 16 more information coming on this in January mailing

17 Jan-12 17

March 1 – 16 – more information coming on this in January mailing

• June 1 – Automatic transfer of existing balances

– Existing balances in eliminated funds will be transferred to the default fund, Tier

1 – Vanguard Target Retirement Date Fund nearest your 65

^th

birthday

If You Do Not Take Action

• If your current investments are eliminated or frozen, and you did not y , y

choose a new fund(s) for your contributions, RIT will automatically

begin directing them to the default fund, Tier 1 – Vanguard Target

Retirement Date Fund nearest your 65 ^th birthday, in March.

• If you did not choose a fund(s) for your existing balances that are

in eliminated funds, RIT will automatically transfer those balances to

the default fund, Tier 1 – Vanguard Target Retirement Date Fund g g

nearest your 65 ^th birthday, in June.

• Remember…you have the right to change your contribution election

and transfer account balances at anytime!

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Fidelity Investment Education

Presentation

19 Jan-12 19

Th

The

fundamentals

of investing

2 0

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Workplace Education Series

The fundamentals of investing

Investment types

Short-term investments Bonds Stocks

– Money market, T-bills, CDs

– Relatively stable value

– Potential to pay interest

– Lower risk, lower potential

return

– I.O.U.

– Debt securities issued by

governments and

corporations

– Potential to pay interest

– Moderate risk, moderate

potential return

– Share of a company,

“equity”

– Long-term growth potential

– Value can go up and down

– Higher risk, higher

potential return

2 1

What is a mutual fund?

– A mutual fund is an investment that pools together multiple stocks, bonds, and other securities

to perform as one investment.

– Mutual funds combine money from many investors and place the money in either stocks,

bonds, other securities, or a combination of the three. They are managed by a professional

portfolio manager who actively adjusts the funds' portfolio to try to increase their value.

The fundamentals of investing

Asset allocation +

diversification =

i t t i

your investment mix

– Reduce portfolio risk and volatility

– Match your investment strategy to

your time horizon, financial situation,

and risk tolerance

– Tap into market opportunities

Avoid the pitfalls of market timing

– Avoid the pitfalls of market timing

A Tool to Help: For much more on this topic,

launch the online workshop Building a

Portfolio for Any Weather at

www.fidelity.com/atwork



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The fundamentals of investing

Determining your

investment mix

It’s about solving for these

three factors:

– Time

– Risk

– Financial situation

2 3

The fundamentals of investing

Building your

investment portfolio

The challenge is balancing risk and

the potential for growth:

– How does your current investment

mix align with your goals?

– Should you be more aggressive?

More balanced? More conservative?

2 4

A Tool to Help: Use Portfolio Review

at www.fidelity.com/atwork to find your

target asset mix or complete the

Investor Profile Questionnaire.



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The fundamentals of investing

Your target asset mix

Aggressive Growth ^Growth

May be appropriate for May be

appropriate for ^15% appropriate for ^25%

investors: appropriate for

investors:

• Comfortable with wide fluctuation

• > 10 years until retirement goal

• Looking to minimize fluctuation

5 til

• Comfortable with significant fluctuation

• > 5 years until retirement goal

May be appropriate for investors:

Conservative

May be appropriate

for investors:

• Comfortable with moderate fluctuation

< 5 til

Balanced

60% 10% 25%

25% 60% 49%

21% 5%

35% 40%

%

6% 14%

50% 30%

2 5

For illustrative purposes only.

The purpose of the target asset mixes is to show how target asset mixes may be created with different risk and return characteristics to help meet a participant’s goals. You should choose your own investments based on your particular objectives and situation. Remember, you may change how your account is invested. Be sure to review your decisions periodically to make sure they are still consistent with your goals. You should also consider any investments you may have outside the plan when making your investment choices.

The target asset mixes presented in this publication were developed by Strategic Advisers, Inc., a registered investment adviser and Fidelity Investments company, based on the needs of a typical retirement plan participant. Strategic Advisoers, Inc., is adjusting its target asset mixes as of November 2009 to increase the percentage of international equity to 30% of the overall equity portion of each target asset mix.

• < 5 years until retirement goal

• < 5 years until

retirement goal ^10%^15%

Foreign Stock

Domestic Stock Short-term Investments Bond

Reviewing g

your plan’s

investment

options

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Workplace Education Series

Choosing your investments:

hands-on or hands-off?

?

Hands-on Hands-off

Reviewing your plan’s investment options

– Do you want to make your own investment decisions?

– Are you comfortable building your own portfolio?

– Do you have the time to actively manage your investments?

Target date funds*

Provide an automatic i t t i th t b

Let us guide you

Use our investment guidance t l P tf li R i ** t id tif

Do-it-yourself

Access Fidelity’s research d tili

Hands-on

Hands-off

2 7

investment mix that becomes continually more conservative as time goes on. Just pick the fund with the year that’s closest to the year you plan to retire.

tool, Portfolio Review**, to identify a target investment mix, receive a model portfolio

suggestion, and easily implement your strategy.

resources, and utilize our fund selection tools to build

your own portfolio.

*Target date funds are designed for investors expecting to retire around the year indicated in each fund’s name. The investment risk of each target date fund changes over time as its asset allocation changes. Target date funds are subject to the volatility of the financial markets, including 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, and foreign securities. Principal invested is not guaranteed at any time, including at or after their target dates.

**Portfolio Review is an educational tool.

Guidance provided by Fidelity is educational in nature, is not individualized, and is not intended to serve as the primary or sole basis for your investment or tax-planning decisions.

Neither diversification nor asset allocation ensures a profit or guarantees against loss.

Investment Spectrum

Investment options to left have potentially more

inflation risk and less investment risk

Investment options to right have potentially

less inflation risk and more investment risk

Money Market

Domestic International/

Bond Specialty

(or Short Term if not a reg. MM)

Domestic Equities

International/ Global Equity

Bond Specialty

Large Value T. Rowe Price

Institutional Large Cap Value Fund

Large Blend Vanguard 500

Index Fund – Signal Class

Large Growth Calvert Equity

Portfolio – Class A

Fidelity^® Contrafund^®

– Class K

Small Value Royce Opportunity

Fund – Investment

Small Growth Lord Abbett Developing Growth Fund

– Class I Diversified

PIMCO Total Return Fund – Institutional Class

Vanguard Total Bond Market Index Fund

– Signal Shares

Inflation-Protected Vanguard Inflation- Protected Securities

Fund – Admiral Shares

Diversified Thornburg International Value

Fund – Class R5

Vanguard Total International Stock

Index Fund – Signal Shares

Emerging Markets Aberdeen Emerging Markets Institutional Vanguard Prime

Money Market Fund – Investor Class

Cohen & Steers Institutional Realty

Shares

2 8

Investment Class

Class I

– Admiral Shares Fund

– Institutional Class

An investment in a money market fund is not insured or guaranteed by the FDIC or any other

government agency. Although money market funds seek to preserve the value of your investment at $1

per share, it is possible to lose money by investing in these funds.

This spectrum, with the exception of the Domestic Equity category, is based on Fidelity’s analysis of the characteristics of the general investment categories and not on the actual investment options and their holdings, which can change frequently. Investment options in the Domestic Equity category are based on the options’ Morningstar categories as of November 30, 2011. Morningstar categories are based on a fund’s style as measured by its underlying portfolio holdings over the past three years and may change at any time. These style categorizations do not represent the investment options’ objectives and do not predict the investment options’ future styles. Investment options are listed in alphabetical order within each investment category. Risk associated with the investment options can vary significantly within each particular investment category, and the relative risk of categories may change under certain economic conditions. For a more complete discussion of risk

associated with the mutual fund options, please read the prospectuses before making your investment decision.

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Target Date Funds

Investment options to the left have potentially

more inflation risk and less investment risk

Investment options to the right have potentially

less inflation risk and more investment risk

Vanguard^®Target Retirement Income Fund – Investor Shares

Vanguard^®Target Retirement 2010 Fund – Investor Shares

Vanguard^®Target Retirement 2025 Fund – Investor Shares Vanguard^®Target Retirement 2030 Fund

– Investor Shares Vanguard^®Target Retirement 2035 Fund

– Investor Shares

Vanguard^®Target Retirement 2045 Fund – Investor Shares Vanguard^®Target Retirement 2050 Fund

– Investor Shares Risk Spectrum for Target Date Funds

2 9

Target date investments are represented on a separate spectrum because they are generally designed for investors

expecting to retire around the year indicated in each investment's name. The investments are managed to gradually

become more conservative over time. The investment risks of each target date investment change over time as its asset

allocation changes. They are subject to the volatility of the financial markets, including 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, and

foreign securities. Principal invested is not guaranteed at any time, including at or after their target dates.



Visit NetBenefits

^®

www.fidelity.com/atwork



Call your plan’s toll-free number 1-

800-343-0860, to speak with a

representative familiar with the

features of your workplace savings

plan

Schedule a complimentary

one on one guidance consultation

one-on-one guidance consultation

Call: 800.642.7131

Online: http://getguidance.fidelity.com

Although consultations are one on one, guidance provided by Fidelity is educational in nature, is not individualized, and is not intended to serve as the primary or sole basis for your investment

(16)

Important Information

Before investing in any mutual fund, please carefully consider the investment

objectives, risks, charges, and expenses. For this and other information,

contact Fidelity for a free prospectus or, if available, a summary prospectus.

Read it carefully before you invest.

Keep in mind that investing involves risk. The value of your investment will fluctuate

over time, and you may gain or lose money.

Foreign investments, especially those in emerging markets, involve greater risk and may offer greater potential

returns than U.S. investments. This risk includes political and economic uncertainties of foreign countries, as well

as the risk of currency fluctuation.

Investments in mid-sized companies may involve greater risks than those in larger, more well known companies,

but may be less volatile than investments in smaller companies.

Investments in smaller companies may involve greater risks than those in larger, more well known companies.

Lower-quality debt securities involve greater risk of default or price changes due to potential changes in the

credit quality of the issuer.

Because of their narrow focus sector funds may be more volatile than funds that diversify across many sectors

3 1

Because of their narrow focus, sector funds may be more volatile than funds that diversify across many sectors.

In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise,

bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed

income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike

individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by

holding them until maturity is not possible.

Fidelity Brokerage Services LLC, Member NYSE, SIPC, 900 Salem Street, Smithfield, RI 02917 514947.22.6

TIAA-CREF Annuities

Presentation

32 Jan-12 32

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 Annuities are insurance contracts issued by an

insurance company that let you accumulate p y y

money until retirement and then receive a regular

payment (often monthly) for your lifetime

 Two types of annuities

◦ Fixed - pays a fixed rate of interest on your investment

dollars, which is adjusted periodically.

◦ Variable pays an amount that will vary depending on the

◦ Variable - pays an amount that will vary depending on the

performance of the investment accounts you choose for

the annuity.

33

 When you’re saving for retirement, mutual funds

and annuities provide many of the same benefits: p y

◦ Your money is pooled with other investors into a fund or account

that spreads the money among different asset classes.

◦ Both annuities and mutual funds offer a way to diversify your

portfolio.

◦ Once you retire, mutual funds and annuities provide various ways

to withdraw funds.

◦ With TIAA-CREF annuities, you can simply convert your annuity With TIAA CREF annuities, you can simply convert your annuity

accounts to lifetime income vs. buying an annuity from another

source

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 TIAA-CREF annuity accounts offer broad

diversification providing balance and the p g

potential for growth in your retirement

portfolio.

 The annuities in Tier 3 have been offered in

the plan for many years.

◦ TIAA Traditional

CREF Stock

◦ _{CREF Stock}

◦ Money Market

35

 The TIAA Traditional Annuity is a fixed annuity and is a

guaranteed annuity account

G t i i l d t t ll ifi d i t t t

◦ Guarantees your principal and a contractually specified interest rate

 It also offers the opportunity for higher returns through

additional amounts, which may be declared on a year-

by-year basis by the TIAA Board of Trustees

◦ The TIAA Traditional Annuity offers a number of ways you can receive

income.

We provide a wide selection of choices because we know that

individual goals and needs differ. Each of TIAA’s income choices has g

its own features and conditions under which you can receive

payments.

 These features are not available through mutual funds.

36

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 CREF Stock is a variable annuity

 The CREF Stock Account was developed by TIAA-CREF in

19 2 f d

1952 as a companion to fixed annuity income. It was

America’s first variable annuity.

 The CREF Stock Account seeks a favorable long-term

rate of return through capital appreciation and

investment income by investing primarily in a broadly

diversified portfolio of common stocks.

 The portfolio is managed using a multi-strategy, multi-

 The portfolio is managed using a multi strategy, multi

manager approach, combining management across

domestic and international portfolio segments,

including emerging markets, covering all sectors, styles

and market caps in one variable annuity account.

37



CREF Money Market is a variable annuity

◦ The account seeks high current income consistent with maintaining

liquidity and preserving capital.

I t i hi h lit h t t i t t t i i

 Invests in high quality, short term instruments, maturing in

397 days or less - base income is part principal, part

earnings assumption percentage

 Invests primarily in commercial paper, bank obligations and

U.S. government-issued securities that are classified as "first-

tier“ securities, meaning that they are ranked in the highest

category by at least two nationally recognized statistical

rating organizations

 It can invest up to 30% of its assets in money market and

debt instruments of foreign issuers denominated in U.S.

dollars

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

TIAA-CREF will be the recordkeeper for Tier 3; this means that RIT employees will

work directly with TIAA-CREF (by phone or online) for these funds.



If your assets and contributions are invested exclusively in TIAA Traditional, CREF

St k d CREF M M k t hi h i th i t t

Stock and CREF Money Market, which remain on the new investment menu:

• evaluate your investment strategy and beneficiary designations

• you may leave your current assets and future contributions “as is” or you can elect

to make a change



If your assets and contributions are invested exclusively in TIAA-CREF mutual funds

only OR if you are invested in both TIAA-CREF mutual funds and annuities:

• TIAA-CREF can provide guidance and help you redirect your mutual fund assets

and contributions to similar asset classes or help you revise your investment

strategy gy

• If you don’t redirect your assets in eliminated funds and future contributions, they

will be automatically invested in Tier 1 - the target retirement date fund closest to

your 65th birthday (the default fund) as directed by RIT.

39

Annuity contracts and certificates are issued by Teachers Insurance and Annuity Association

(TIAA) and College Retirement Equities Fund (CREF), New York, NY.TIAA-CREF Individual &

Institutional Services, LLC and Teachers Personal Investors Services, Inc., members FINRA,

distribute securities products. Add: "Investment products, insurance and annuity products:

are not FDIC insured, are not bank guaranteed, are not deposits, are not insured by any

federal government agency, are not a condition to any banking service or activity, and may

lose value.

Supplemental Retirement Annuity (SRA) TIAA Contract form series 1200.8/CREF Certificate

series 1200.4; Group Supplemental Retirement Annuity (GSRA) TIAA Contract form series

G1250.1 (GSRAs are not available in all states)/CREF Certificate series CG1250.1; IRA Annuity

TIAA Contract form series 1280.2 or 1280.4 (not available in all states)/CREF Certificate

series C1280.2 or C1280.4; and Roth IRA Annuity TIAA Contract form series 1280.3 or

1280.5 (not available in all states)/CREF Certificate series C1280.3 or C1280.5; Retirement

Choice TIAA Contract form Series IGRS-01-5-ACC, IGRS-01-60-ACC, and IGRS-01-84-ACC;

TIAA Certificate Series IGRS-CERT1-5-ACC, IGRS-CERT1-60-ACC, IGRS-CERT1-84-ACC;

CREF Contract form series CIGRS; CREF Certificate series: CIGRS-CERT1; Retirement Choice

Plus TIAA Contract form Series IGRSP-01-5-ACC, IGRSP-01-60-ACC, IGRSP-01-84-ACC;

TIAA Certificate Series IGRSP CERT1 5 ACC IGRSP CERT1 60 ACC IGRSP CERT1 84 ACC;

TIAA Certificate Series - IGRSP-CERT1-5-ACC, IGRSP-CERT1-60-ACC, IGRSP-CERT1-84-ACC;

CREF Contract form series: CIGRSP; CREF Certificate series: CIGRSP-CERT1.

(TIAA-CREF), 730 Third Avenue, New York, NY 10017

40

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Resources for employees

• Communications sent to your home (November, December, January)

• HR Website – Retirement Plan Simplification page:

– Copies of communications that are sent home

– Frequently Asked Questions (FAQs) section

– Section for employees to ask questions

– Dates and locations of meetings and how to sign up

– Definitions of commonly used investment terms, and much more

• Benefits Hot Line - (585) 475-5016/v

• On-Line Video available in mid-January

• Presentations by Aon Hewitt investment advisors to the RIT Retirement

41 Jan-12 41

Presentations by Aon Hewitt, investment advisors to the RIT Retirement

Plan Committee in Ingle Auditorium, Student Alumni Union

– Monday, January 23 * 2:30-3:45 p.m.

– Tuesday, January 24 * 7:00-8:15 a.m. and 12:00-1:15 p.m.

– Monday, January 30 * 7:00-8:15 p.m.

– Tuesday, January 31 * 8:30-9:45 a.m. and 1:00-2:15 p.m.

Resources for employees,

cont’d

H l D k A i t t h l l

• Help Desk – Assistance to help employees

make changes to investment options in

February, March and May

• On-site Fidelity and TIAA CREF representatives

for one-on-one counseling beginning in January

(dates and reservation information on HR

website)

(22)

Fidelity and TIAA-CREF

Resources

Fidelity Information

Website: www.fidelity.com/atwork

TIAA-CREF Information

Website: www.tiaa-cref.org

Phone: (800) 343-0860/v

(800) 259-9734/TTY

To schedule an appointment, go to

www.fidelity.com/atwork/reservations or

call (800) 642-7131/V and (800) 259-

9734/TTY

For questions (contact by e-mail preferred) :

Bill Giesen

Phone: (800) 842-2776/v

(800) 842-2755/TTY

To schedule an appointment, go to

www.tiaa-cref.org or call (800) 732-

8353/V and (585) 246-4610/TTY

For questions:

David Howe

E M il dh @ti f

43 Jan-12 43

Bill Giesen

E-Mail: [email protected]

Direct phone: (585) 216-5636

Paul Bolles

E-Mail: [email protected]

Direct: 800-248-4213 ext 3130

E-Mail: [email protected]

Direct phone: (585) 246-4607

Toll-free phone: (800) 209-3144, ext

4607

Your

Questions?

44 44

Retirement Plan Simplification