Basic Concept |
This option is called the SelectBenefit Program. You may enroll or make changes annually and transfer up to 100% of your future contributions and up to 50% of your June 30, 2000 Trustee-Directed Account Balance to your Self-Directed SelectBenefit Account. Contributions not going to your Self-Directed SelectBenefit Account will be invested in the Trustee-Directed Account. The Self-Directed SelectBenefit Program is administered by Union Bank of California. Through this program you may choose to invest in six mutual fund options You select the percentage of your contribution and current account balance to self-direct and the percentage that is invested in each mutual fund. You are able to change the allocation of your investments at any time by calling 1-800-678-7526 or by accessing the SelectBenefit website on the Internet at www.selectbenefit.com.
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Annual Open Enrollment | Open enrollment period occurs annually in May, and takes effect with July hours.
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Participant Responsibility | The most important rule of the Self-Directed SelectBenefit Program is that you are fully responsible for the investment allocation of funds transferred from the Trustee-Directed Account to the Self-Directed SelectBenefit Account. Your Self-Directed SelectBenefit Account will not share in the gains or losses of the Trustee-Directed Account, but only in the dividends, gains and/or losses of the Self-Directed funds in your Self-Directed SelectBenefit Account. Your account may be charged for reasonable expenses incurred in carrying out your investment instructions. You are also responsible for any annual operating expenses of a particular investment option including management fees, transaction fees and other expenses.
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Mandatory Educational Seminar | You are required to attend an educational seminar before participating in the self-directed program. You will receive notice of the date and time the educational seminars are offered or you may call the Fund Office at (916) 457-0821.
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Mutual Fund Options | UBOC Stable Value Fund - Stable Value
MCM Balanced Fund - Balanced
Dreyfus Disciplined Stock Fund - Large Blend
American Century International Growth - Foreign
Invesco Dynamics Fund - Mid Cap Growth
Neuberger & Berman Genesis Fund - Small Cap Value
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View Plan Summary |
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