Account Balance Transfer Restrictions

Please read before beginning an account balance transfer.

• Only one transfer may be made per day.
• You may be limited to the number of investments selected in a single transfer request.
• Make certain the reallocated investment total equals the current investment total.
• Depending on contract provisions, one of the following transfer restrictions will apply to monies in the Fixed Interest Account (FIA). Please contact your plan sponsor to confirm which transfer restrictions apply to your account.
  1. If you have $2,500 or more in the Fixed Interest Account (FIA) at the beginning of the contract year, up to twenty percent (20%) of that amount may be transferred during the contract year. Or, if you have less than $2,500 in the FIA at the beginning of the contract year, you may transfer any amount from the FIA during that contract year.
     • Participants in retirement plans with a $500 minimum transfer rule for moving amounts out of fixed interest accounts (Fixed Interest Account and Interest Fund) will no longer have restrictions on balances below $2,500. The maximum transfer rule of 20 percent per year for account balances of $2,500 and over will still apply.
     • For example: If you had a fixed interest account with a balance of $2,300 on Jan. 1, 2003, prior to this change, you would only be able to transfer $500 of this account during the contract year. With this change in transfer restrictions, the entire account balance of $2,300 may be transferred without restrictions or penalty. (Note: for those accounts with a balance of $2,500 or more, the current rule of 20 percent per contract year remains in effect.)
  2. One hundred percent (100%) may be transferred from the Fixed Interest Account (FIA) at any time. However, once a transfer has been made from your FIA, transfers back into the FIA are allowed only after 90 days have elapsed since your last transfer from the FIA.
• For transfers received before 4 p.m. Eastern Time, actual amounts transferred will be based on today's account values at the close of business.
• Transfers received after 4 p.m. Eastern Time will be processed at the close of the next business day. Actual amounts transferred will then be based on account values at the close of the next business day.
• Account transfer selections will not be made unless the transaction is submitted by selecting the "Submit" button.
• The investment return and principal value of the investment accounts will fluctuate, so that when redeemed, units may be worth more or less than the original cost.