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ORP ELIGIBLE CONTRIBUTIONS |
Both ORP employee and employer contributions will continue to be made according to your payroll schedule. There is no action required for your contributions to be directed to the ORP at Fidelity. All ORP contributions will be directed to Fidelity beginning on December 2, 2024. |
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TAX DEFERRED 403(b) PLAN |
Beginning on December 2, 2024 Fidelity will be an available provider for employees to make additional voluntary/supplemental contributions to the Idaho State Board of Education Tax Deferred 403(b) Plan. To begin directing contributions to Fidelity, please contact your payroll department to learn more. If you have questions or need additional details, please call Fidelity at 800-343-0860 on or after December 2, 2024. |
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BENEFICIARY DESIGNATIONS Action required! |
Your beneficiary designation will not transfer from Corebridge or TIAA to Fidelity. You will need to establish your beneficiary designation with Fidelity once the blackout period at Fidelity has ended. With Fidelity’s Online Beneficiaries Service, you can designate your beneficiaries, receive instant online confirmation, and check your beneficiary information virtually any time. Once the transition is complete, log on to Fidelity NetBenefits at www.netbenefits.com/atwork or call Fidelity at 800-343-0860 to designate your beneficiary. |
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INSTALLMENT WITHDRAWALS & REQUIRED MINIMUM DISTRIBUTIONS (RMD) PAYMENTS Action may be needed! |
If you are currently receiving installment payments or required minimum distributions (RMDs) from the ORP, these payments will not transfer to Fidelity. However, Corebridge and TIAA will advance these payments to be made prior to the begging of the blackout period on November 22, 2024. It is important that you review your payment election at Corebridge or TIAA and decide if you will need to make changes based on the ORP annuity account balances remaining or establish a new payment election in the ORP at Fidelity once the transition is complete. To review or make changes to your current payment election at Corebridge, please call 800-448-2542 or please call TIAA at 800-842-2252. Online account access restrictions at Corebridge or TIAA may apply. |
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FIDELITY NETBENEFITS WEBSITE |
Once the blackout period at Fidelity has ended, expected to be during the week of December 22, 2024, you can access Fidelity's comprehensive website dedicated to retirement planning. Fidelity's website is designed so you can quickly and easily set up, monitor, and manage your retirement savings account. If you already have a username and password for other accounts at Fidelity, you can use that same login information to access your ORP account. If you do not have an existing Fidelity username and password, when you go to www.netbenefits.com/atwork, select Log in, and follow the prompts to Register as a new user. |
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ACCOUNT STATEMENTS |
Your final account statement, if applicable, from Corebridge and TIAA will be sent in January. You will continue to receive statements from Corebridge and TIAA for ORP annuity account balances. Your first quarterly statement from Fidelity will be available online in April. Compare Fidelity’s statement with your account statement from Corebridge or TIAA and contact Fidelity with any questions. Fidelity account statements will not be automatically mailed to your home; they will be available when you log on to Fidelity NetBenefits. To change your mail preferences and request that statements be mailed to your home address, call Fidelity at 800-343-0860 or log on to your account at www.netbenefits.com/atwork, select Profile, then Preferences. |
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PLAN ADMINISTRATIVE FEES AND EXPENSES |
The ORP annual administrative fee is $37 per-participant, prorated and billed quarterly. In addition, participants may incur individual fees and expenses for certain service(s) or transaction(s), such as full distributions, QDRO fees, and overnight mail. Plan administrative fees and expenses, or if any individual fees are incurred, will be deducted directly from your account, and will be reflected on your quarterly account statement. Please review this information on your quarterly statement. |
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ONLINE PLANNING & GUIDANCE CENTER |
Once the blackout period at Fidelity has ended, expected to be during the week of December 22, 2024, you can make sure your investment strategy is on track. With the online Planning & Guidance Center in Fidelity NetBenefits, you can answer just a few questions and you’ll be able to:
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