Cost Savings, Investment Gains Result in Extra Money for Participants’ Annuity Accounts
Cost Savings, Investment Gains Result in Extra Money for Participants’ Annuity Accounts
December 10, 2014
Great news! The Board of Trustees of the New York City District Council of Carpenters Annuity Plan is pleased to announce that a disbursement of assets from the Plan’s administrative account will soon be added to its participants’ accounts. Thanks to cost savings and investment gains, the administrative account of the Annuity Plan has grown to the point that excess funds are able to be reallocated to participants.
On or about December 22, 2014, $150.00 will be added to participants’ Annuity Plan accounts and invested in the same manner as participants currently have their contributions set up. If there are no contribution instructions on file, the disbursement will then be placed in the NYC Carpenters Default Balanced 65/35 Fund.
Eligible participants will soon receive a mailing from Prudential notifying them of this good news as well. Remember, if you wish to make changes to your Annuity Plan investment options, you may do so at any time by going to www.prudential.com/online/retirement or calling 1-877-PRU-2100 (1-877-778-2100).
