Savings Plus 401(k) and 457 Retirement Savings Plans - New Administrator
The current Savings Plus contract for administrative services with Nationwide Retirement Solutions expires at the end of the year. After a thorough proposal and evaluation process, Savings Plus awarded the new contract to Aon Hewitt effective January 2, 2013. This change brings exciting new features, cutting-edge technology, and interactive tools designed to make retirement planning easier.
Visit calhr.ca.gov and review the attached Frequently Asked Questions and Answers guide for more information about the transition.
Some of the upcoming enhancements include:
- A new, robust website for account management
- Investment advice to take the guesswork out of your retirement planning
- Automated rebalancing for optimized investment results
- Mobile access for retirement planning on the go
Invest in You
Savings Plus provides you the opportunity to invest in your future financial security. Even if you expect to receive a pension and Social Security, it may not be enough for your retirement. The additional retirement income from your Savings Plus account may help close that retirement income gap.
If you are eligible and don’t currently participate in Savings Plus, the State of California’s 401(k) and 457 plans, the upcoming enhancements make this a great time to consider enrolling. Visit sppforu.com or call (866) 566-4777 to enroll today! You can enroll through Nationwide until December 26, 2012, or through Aon Hewitt beginning January 2, 2013.