Council 19 Retirement Committee Update
The method of paying the Administrative Charges for the 401(k) plan have changed, as was noted in the last Retirement Board meeting minutes last spring. All plan participants have been notified, and a legal notice is available on the Vanguard website. For some, although the fees were not transparent earlier, the fees will actually decrease. The original method was a ‘sliding scale’ which was based on account balance. The new plan is a flat $12/per participant each quarter.
Have you logged on to your Vanguard account? It’s easy to do and everyone should know how to monitor their allocations, make changes, and track their retirement accounts.
Log on to Alaskasworld/Benefits/Retirement to view the retirement website. There is helpful information located on this page that you should review.
Locate Vanguard.com to log on to your 401(k) account.
There is a new feature that allows you to increase your 401(k) allocation each year.
Are you considering retirement? Please review the information listed on the Retirement page on Alaskasworld and contact your AFA Retirement committee with any questions!
Council 19 LEC Committee Chairperson: Tim Roddy
