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ALIGNED INTERESTS | SPECIALIZED FOCUS | PROVEN RESULTS presentation of the new plan transition CARY ACADEMY AUGUST 1, 2013 Jimmy Talton Senior Vice President.

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Presentation on theme: "ALIGNED INTERESTS | SPECIALIZED FOCUS | PROVEN RESULTS presentation of the new plan transition CARY ACADEMY AUGUST 1, 2013 Jimmy Talton Senior Vice President."— Presentation transcript:

1 ALIGNED INTERESTS | SPECIALIZED FOCUS | PROVEN RESULTS presentation of the new plan transition CARY ACADEMY AUGUST 1, 2013 Jimmy Talton Senior Vice President | Financial Advisor Danny Summerlin Vice President | Financial Advisor

2 2 CAPTRUST has been engaged by Cary Academy to: Provide independent and objective advice to the retirement plans investment committee. Deliver employee education and investment advice. Group presentations Educational seminars One-on-one consultations Participant telephone support captrust services

3 3 Moving from a platform consisting entirely of TIAA-CREF funds to one that has a combination of TIAA-CREF and non- TIAA-CREF Mutual Funds. In an effort to offer attractive investment choices, strategies, and flexibility. New ideas New strategies Exposure to different thinking Flexibility to change underperforming investments Plan Transition

4 4 communication plan Your existing account balances in the Old Platform will remain in those TIAA-CREF funds unless you choose to move your money out of the Old Platform and into the options in the New Platform. There are restrictions associated with the TIAA Traditional Annuity. New investment options within the New Platform will be available for selection in late September, and your first contributions will use these new options in October. If you do nothing, your future contributions will be invested in an age-based TIAA- CREF Lifecycle Fund beginning with your October contribution.

5 5 By September 1 st, Cary Academy will mail a 404(a) Plan Change Notice to your home address detailing the plans enhancements. TIAA-CREF will mail welcome kits through the US Mail the week of September 15 th. It is imperative that you log onto the TIAA-CREF (www.tiaa-cref.org) site to ensure that your mailing address and personal details are up-to- date. As part of this transition, Cary Academy will have a dedicated microsite from which you can obtain details about the platform, in general, and access your account. Beginning in October, the old platform will no longer accept contributions, and all new contributions will be processed into the new platform. You will receive the following communications to keep you informed of the plan enhancements. communication plan

6 6 CARY ACADEMYS MICROSITE AT TIAA-CREF

7 7 TIAA-CREF WEBSITE

8 8 Captrust Resources CAPTRUST will present detailed plan information to the faculty and staff on September 4 th and 6 th. Belinda Blackwood will route details so that you can make arrangements to attend one of these meetings. Danny Summerlin and Jimmy Talton will be on campus for one-on-one meetings on 9/24, 9/25, 10/4, and 10/9. Belinda will send out sign up information shortly. In addition to these campus dates, CAPTRUST is available for meetings at the CAPTRUST office in North Hills. Please contact Jimmy or Danny directly to schedule a time. Their contact information is listed on page 10.

9 9 Milestones A Plan Change Notice will be sent to your home via US Mail in early September. Group presentations detailing the transition will be held on September 4 th and 6 th. Welcome kits will be mailed by TIAA-CREF the week of September 15 th. At this time, a dedicated microsite will be available to view your existing plan balances as well as the new investment options available to you on the new platform. One-on-one meetings are scheduled for 9/24, 9/25, 10/4, and 10/9. The last day to make changes to the amount that you contribute to the plan is October 21 st. The last day to make your investment elections for your October contribution is October 25 th at 5:00. CAPTRUST is also available for meetings at the CAPTRUST office in North Hills if you are unable to attend a one-on-one session on campus.

10 10 who to contact for help 403(b) Plan Questions Check Your Plan Balance Change Your Investments Change Your Contribution Amount Rollovers Beneficiary Designations Independent Advice Investment Questions Jimmy Talton, Danny Summerlin, Monica Holtgrewe,


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