SMP FAQ - How do I change the percentage of money allocated to each Provider for the SMP Plan?

June 28, 2016 - 09:53
Printer-friendly versionPDF version
Question: 

How do I change the percentage of money allocated to each Provider for the SMP Plan?

Category: 
Contributions/Funds Information
Answer: 

You must decide if you are moving money from your existing account, changing future allocations, or both. Regardless of what you do, the last step of this process will be to contact the Provider(s) to select the funds into which you want your money to go.  Failure to do this we result in the money being placed in a default Target Date Fund.

1. Future Allocations - To move where future contributions are allocated you may either log on to the Fidelity Netbenefits website and make the changes there or call the Fidelity Retirement Service Center at 800-343-0860.  

2.  Move Existing Money -To move money from an existing account in the SMP plan to another Provider, you may either log on to the Fidelity Netbenefits website and make the changes there or call the Fidelity Retirement Service Center at 800-343-0860.

3.  In the event you wish to do both, change future allocation and move existing money, you may either log on to the Fidelity Netbenefits website and make the changes there or call the Fidelity Retirement Service Center at 800-343-0860.

Tags: