Transfer Rules
Transfers are allowed among all investment options with the exception of the Voya Stable Value Option (Stabilizer) and the Self-Directed Brokerage Account (SDBA).
The product includes a limiting provision, called an “equity wash,” that applies to transfers between the Voya Stabilizer and the SDBA. These two options are considered to be competing investment options. We are not imposing the equity wash provision at this time.
When this provision applies:
- Direct transfers between these two options are not allowed; and
- Once a transfer involving either of these options occurs, there is a 90-day waiting period before another transfer involving these investment options is permitted.
You can transfer from either one of these investment options directly into other investment options offered under the Plan.
Amounts must be transferred in whole percentages. There are no fees or charges for investment option transfers.
Self-Directed Brokerage Account
The TD Ameritrade SDBA is available to you as an additional investment option available through your employer-sponsored County of San Bernardino 457(b) and 401(k) Plans (Plans). This option gives you the freedom to invest a portion of your account in a self-directed brokerage account that provides access to a wider array of investment choices, including open-end mutual funds.
Through your TD Ameritrade account you can select from a broad range of investments to fit your goals such as publicly traded stocks, fixed incomesecurities, over 100 commission-free ETFs1, and more than 13,000 mutual funds-including more than 2,500 no load. no-transaction-fee (NTF)2 mutual funds.
Carefully consider the particular fund’s investment objectives. risks, charges, and expenses. To obtain a prospectus containing this and other important information. please call a TD Ameritrade representative at 866-766-4015. Please read the prospectus carefully before investing.
1 Exchange traded funds (ETFs) are investment companies that trade on an exchange like stock. ETF trades may be placed using any stock order entry ticket. Stock commissions apply. Before investing in an ETF, be sure to carefully consider the ETFs investing objectives, risks, charges and expenses. For a prospectus containing this and other important information, contact the ETF sponsor or a TD Ameritrade Client Services representative. Please read the prospectus carefully before investing. To trade commission-free ETFs, you must be enrolled in the program. If you trade eligible ETFs within the 30-day hold period, short-term trading fees will apply.
2 No Transaction Fee (NTF) mutual funds are no-load mutual funds for which TD Ameritrade does not charge a transaction fee. NTF funds have other fees and expenses that apply to a continued investment in the fund and are described in the prospectus. Funds held 90 days or less may be subject to a Short- Term Redemption Fee. This fee is in addition to any applicable transaction fees or fees addressed in the fund’s prospectus.
View aditional information including eligibility and transfer rules can be found by clicking here.
To Apply for a TD Ameritrade Self-Directed Brokerage Account please contact the local San Bernardino office at (909) 890-2554 or toll free at (800) 452-5842.
Online Investment Advice and Managed Accounts for the County of San Bernardino 457 and 401(k) Plans
Morningstar® Retirement ManagerSM offers you a range of investment advisory services to help make it easier to manage your retirement account. Through Retirement Manager, you can receive a personalized retirement strategy through one of two services:
Managed by You – a resource providing personalized recommendations, if you prefer to manage your own account. Available at no additional charge.
Managed by Morningstar – a professional, fee based investment management service that’s an ideal option if you prefer to have an investment professional manage your account. Available for a fee.
To access Retirement Manager, click on “Account Access” from the left side bar menu. Once you enter the “Account Access” section, select the Plan account you wish to work with and then select the “Get Advice” link located on the left side of the screen.
IMPORTANT: The projections or other information generated by Morningstar® Retirement Manager℠ regarding the likelihood of various retirement income and/or investment outcomes are hypothetical in nature, do not reflect actual results (including investment results) and are not guarantees of future results. Results may vary with each use and over time.
Annual Retirement Income Outlook considers such things as your asset mix and Morningstar Associates' ("Morningstar") own forecasts for return, risks and correlation for various asset classes. The Expected Retirement Income noted within the tool is the amount the simulation has determined as having a 90% probability of being achieved.
Annual Retirement Income Goal is calculated by taking 70% of your projected salary at retirement, expressed in today's dollars. Your projected salary at retirement is determined by a proprietary salary growth curve and your projected social security benefits. Morningstar Associates’ salary growth curve assumes your salary will grow at rates that vary with your age. Projected social security benefit is based off of an algorithm supplied by the Social Security Administration.
Proposed Asset Mix is derived from various factors such as your years to retirement, your projected salary growth and results from an asset-liability analysis. The asset-liability analysis is an economic concept that is helpful in understanding your ability to withstand financial losses by incorporating a projected future stream of income into your current financial situation. Morningstar® Retirement ManagerSM is offered by Morningstar, Inc. and is intended for citizens or legal residents of the United States or its territories. The investment advice delivered through Morningstar Retirement Manager is provided by Morningstar Investment Management LLC, a registered investment adviser and subsidiary of Morningstar, Inc. Morningstar Investment Managements’ advisory service relates solely to the investment options offered under the plan. Retirement plan funding products offered through Voya Financial Partners, LLC (member SIPC) or other broker dealers with which it has selling agreements. Voya Financial provides Morningstar Investment Management with the plan’s investment options and information about participants but the decisions regarding the advice provided are made by Morningstar Investment Management. Voya and its companies are not affiliated with Morningstar Investment Management, LLC or its affiliates, and receive no fee or other direct financial benefits from Morningstar Investment Management in connection with the use of its services. The Morningstar name and logo are registered marks of Morningstar, Inc.
Ongoing Investment Monitoring
The County is committed to ensuring that the investments remain appropriate for employees on an ongoing basis. To this end, they are committed to an initial and ongoing monitoring and evaluation of the fund options through a formal and detailed investment policy. Click here for a copy of the County’s investment policy.
