NOTICE: Special Opt-Out now available – Simplifying the Process for Those Wishing to Retain Their Existing Mutual Funds.
For more information on this change of direction, please see Deferred Compensation – An Old Plan Option for the New Plan.
Please forward this to all staff in your department since we do not have individual email addresses for all employees.
A Smart, Simple, Savings, Solution in the form of custom well diversified target date funds will still be offered to all participants, as outlined in the brochure that they received in early February.
However, if a participant wishes to remain hands-on and handle their own investment selection and not be mapped to a custom diversified “cruise control” target date fund option, they can opt to stay in their current plan investment options (below) and continue contributing to those investment options.
All participants that are invested in any of the current plan investment options below will receive a mailer within the next 10 days offering them the option to opt out of being transferred to the custom diversified Missouri Target Date Funds. If they choose to opt out of having their current dollars transferred (mapped) to a target date fund option, they will need to sign and return the postage paid mailer postmarked no later than March 27, 2009.
The current Plan investment options will be closed to new employees and existing employees that are new investors after May 1, 2009. If a participant transfers dollars out of the current Plan investment options to a target date fund, the ING Stable Income Fund, the Self Directed Brokerage Account (SDB) or a combination of these options after this date, they will be unable to transfer those dollars back in at a later date. They can, however, continue to direct their future elections (contributions) to those current Plan investment options as long as they maintain a balance in those investments and do not alter their investment elections.
Smart, Simple, Savings Solution Recap
By investing in the Missouri Target Date Funds, participants will have access to a professional money manager and a truly diversified portfolio of investments with lower management fees that will automatically shift from an aggressive to a more conservative allocation as an employee approaches retirement and throughout retirement. After 3 p.m. on April 9, 2009, all dollars in the current plan investment options (below) will be transferred (mapped) to the appropriate target date fund based on when a participant attains(ed) the age of 65. Dollars will be mapped based on the following table:
| If the year you were born is between... |
Your default Target Date Fund is |
| 1932 or before |
Missouri 1995 |
| 1933 - 1937 |
Missouri 2000 |
| 1938 - 1942 |
Missouri 2005 |
| 1943 - 1947 |
Missouri 2010 |
| 1948 - 1952 |
Missouri 2015 |
| 1953 - 1957 |
Missouri 2020 |
| 1958 - 1962 |
Missouri 2025 |
| 1963 - 1967 |
Missouri 2030 |
| 1968 - 1972 |
Missouri 2035 |
| 1973 - 1977 |
Missouri 2040 |
| 1978 - 1982 |
Missouri 2045 |
| 1983 or after |
Missouri 2050 |
List of Current Plan Investment Options excluding ING Stable Income and the Self- Directed Brokerage (SDB):
| AIM Dynamics |
Jennison Blend |
| American Century Equity Income |
Putnam Investors |
| American Century Growth |
T. Rowe Price International Stock |
| American Century Ultra |
Templeton Developing Markets |
| American Funds Bond Fund of America |
Vanguard Inflation Protected Securities |
| Brown Capital Small Company |
Vanguard LifeStrategy: Conservative Growth |
| Dreyfus Premier Third Century |
Vanguard LifeStrategy: Growth |
| Dreyfus Small Cap Stock Index |
Vanguard LifeStrategy: Income |
| Federated U.S. Government Securities: 2-5 Years |
Vanguard LifeStrategy: Moderate Growth |
| Fidelity Asset Manager |
Vanguard Total Stock |
| Fidelity Contrafund |
AIM Small Cap Growth |
| Fidelity Equity-Income |
Gartmore Nationwide |
| Goldman Sachs Mid Cap Value |
Janus Small Cap Value |
| Janus Worldwide |
Neuberger Berman Genesis |
| Dryden Total Return Bond |
SEI Index S&P 500 Index |
Please watch for the “Opt-Out” mailer and visit the plan website or call the State of Missouri Deferred Compensation Plan local ING office at (800)392-0925, Option 2 should you have any questions.