Did you know that when you retire or leave covered employment, you can keep your money in the plan? If you ever consider moving money out of the plan, be sure to keep the following in mind:

1. Tax and Withholding Implications
   Keeping your money in the plan instead of taking it in cash allows your money the chance to grow on a tax-deferred basis and may help you avoid current income taxes and potential penalties.
2. Fees and Charges if You Move Your Account
   The Board of Trustees has negotiated lower investment management and account fees on behalf of members. The investment options in the plan are institutional, so you do not incur a sales charge when you buy or sell them. If you move your money to a vehicle like an IRA, you may face higher fees due to the retail nature of the funds offered.
3. Automatic Re-balancing
   Market conditions may change after you’ve selected your investment options. Your plan allows you to set up automatic rebalancing at no charge, which may help you keep your investments in line with your long-term strategy.
4. Investment Oversight and Due Diligence
   The overall effectiveness and fee structure of the plan are reviewed and monitored to help ensure the plan offers high-quality, low-cost investments.
5. Diversified Investment Options
   Your plan offers a wide range of asset classes for you to select from and remain invested in.
6. Keeping Your Current Support and Services
   By keeping your money in the plan, you’ll continue to use the same plan website, empowermyretirement.com, and mobile app to view your estimated monthly retirement income, access spend-down strategies, and take advantage of online educational materials and interactive calculators. You’ll also still have access to Empower representatives who can provide you with ongoing support and education.