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The Seventh-day Adventist Retirement Plan is Changing
By Del Johnson
I have great news to share on an upcoming change with Adventist Retirement. Adventist Retirement has selected Great-West Financial® as the new provider of administration, recordkeeping, communication and education services for Adventist Retirement. Our new contract begins on January 1, 2015.
As a part of our commitment to provide high-quality retirement savings, Adventist Retirement conducted an extensive selection process during 2014, as we did in 1999, 2004 and 2009. After evaluating several service providers, Great-West Financial was selected based upon the extensive scope and outstanding quality of services they give to plan participants. We believe this change will bring many new features while allowing many benefits you've come to depend on, to remain in place.
New benefits include:
•  A strong focus on advancing Retirement Readiness
•  Improved education resources, services and communication materials
•  An enhanced and intuitive website with many tools and calculators
Some of the key features remaining in place include:
•  The ability to invest in our proprietary socially screened SDA funds
•  The use of Managed Accounts for help in retirement planning
•  The Schwab Self-Directed Brokerage option
Your investment options will remain essentially the same, including the SDA Funds. The plan seeks to ensure a wide range of investment options to allow you the opportunity to develop the best individual investment strategy. This focus does not change.
The Transition Period
To ensure accurate processing and verification of participant accounts, a transition period will occur, beginning in late December through early January. Your money will remain invested in financial markets and regular contributions will be processed as soon as it is administratively feasible. Detailed information on the transition process and any necessary action on your part will be clearly communicated in a comprehensive Transition Bulletin, scheduled to be mailed to your home in late November.
What do you need to do?
Look for the Transition Bulletin to arrive at your home in November for more details.
Adventist Retirement is an important benefit provided to church employees. We encourage you to seek out more information through a meeting, webinar or online as these become available. Ask questions and make sure that you understand the plan and transition.
We look forward to/providing you with more information about these important changes as we make the transition to our new service provider.
Del Johnson is the administrator for Adventist Retirement