Whether you need to enroll in the plan, learn about it’s features, or get re-engaged with it, this is a perfect opportunity to take control of your financial future. 

If you are a new employee, you may have been auto-enrolled in the plan. Eligibility for auto-enrollment is 18 years of age and 90 days of employment. 

MCWE set the contribution rate for auto-enrollment at 2% but you can turn this off any time.

The current match is: 20% of the 1st 10% you contribute

You are the only one who can plan for your financial future – and as we just saw, Social Security alone won’t be enough. You can take out a loan or get financing for a home, a car, or pay for college – just about anything, Except retirement. The money you set aside today is how you'll be able to provide for yourself tomorrow.

This plan offers both a traditional a Roth option of contribution.

 Take advantage of these features to optimize your retirement plan:

• Contribute at least enough to max your employer’s match – and then exceed it.]
• Consider auto-increase, which will automatically increase your contribution rate each year.
• Review your beneficiary contact information, because a Will does not cover assets held in a workplace retirement account.

The current vesting schedule is:

0% after 1 years  -  25% after 2 years  -  50% after 3 years  -  75% after 4 years  -  100% after 5 years

 These are the investment options and services available on your plan:

• Managed Advice
• PortfolioXpress®
• Target Date Funds
• Asset Allocation Funds
• Do-It-Yourself investment selection

Transamerica created a simple way to track how you’re doing – and provided easy ways to help you to improve your chances of a fully funded retirement. It's called Your Retirement Outlook. 

Your Retirement Outlook uses weather icons to illustrate your progress toward your retirement income goal. 

• A rainy icon means that your current strategy is likely to generate less than 65% of your goal. 
• A cloudy icon means your strategy is likely to generate between 65 to 79% of your goal. 
• Partly sunny means your strategy is likely to generate between 80 and 94% of your goal, 
• And a sunny icon means your strategy is likely to generate at least 95% of your goal.  

The “goal” we’re talking about when looking at Your Retirement Outlook is how much money you want to have each year in retirement. This is referred to as your retirement income goal.

Visit transamerica.com/portal/home to sign up today. And if you are enrolled, you should still log in to review your contribution rate – and consider increasing it. 

You can learn more about your plan’s investment options and services online as well.  

If you’ve been in the plan for a while, be sure to check your beneficiary designation and update if necessary. If you’re enrolling for the first time, you’ll be asked to name a beneficiary as part of the enrollment process.

If you have any questions as you’re enrolling or reviewing your account, you can call Transamerica at 800-401-8726.

If you have specific questions about your current retirement plan or financial situation you can call out office at 909-330-1400 of schedule and meeting with me.