The Cook County Deferred Compensation Committee, in partnership with their investment consultant Callan LLC, reviewed the investment options within the Plan and decided to make changes that will offer a simplified lineup of investment options and best-in-class money managers. At the end of the first quarter, certain funds are being removed and others are being added.

The new investments will be available on March 31, 2023. The closing investments will be removed after the close of the New York Stock Exchange on March 31, 2023.

Any assets and or investment elections remaining in a fund being removed will be put into a target date fund closest to the year you turn age 65 after the close of the New York Stock Exchange on March 31, 2023. This action results in no increased investment risk. Assets remaining in non-impacted funds will remain in place.

No, you do not need to take any action. Any assets and or investment elections remaining in a fund being removed will be put into a target date fund closest to the year you turn age 65 after the close of the New York Stock Exchange on March 31, 2023.

The standard for mapping assets is providing a ‘reasonably similar’ replacement for the assets, and that is hard to do when you are eliminating several investments. Since you can’t do a reasonably similar mapping, you can take the ‘most reasonably prudent action’ into a target date funds that is supported by the DOL. The participant can move their assets out of the target date fund after 3/31 and into their preferred investment.

Yes, although you would want to avoid selecting another fund also being removed.

ProAccount will update the portfolios to reflect the investment changes and will submit a transaction to rebalance your assets into the new portfolio. No action is needed by you.

Initiate an online exchange out of the closing fund before the close of the New York Stock Exchange on March 31, 2023 and avoid selecting another fund also being removed.

Your plan offers a self-directed brokerage account (SDBA) called the Schwab Personal Choice Retirement Account (PCRA) through Charles Schwab. This option allows participants additional investment choices for their supplemental retirement savings. The Schwab PCRA is typically for knowledgeable investors who understand the risks associated with many of the investment choices available and who are committed to staying invested for the long term. Please review the Schwab PCRA Handbook and Memorandum of Understanding before investing in this option. To obtain these documents, contact your Retirement Specialist or the Solutions Center at 1-877-677-3678 from 7 a.m. to 10 p.m. CT weekdays and 8 a.m. to 5 p.m. CT Saturday.

Assets held in the self-directed brokerage option are not impacted by these changes.

No, there is no charge for this activity.

The automatic asset rebalance feature uses your current investment election allocation. If your investment elections change as a result of this investment change activity, your automatic asset rebalance will assume your new investment elections. To change your investment elections, contact the Nationwide Solutions Center at 1-877-677-3678 to discuss your automatic rebalance options.

No, this activity does not count toward your annual trading event limits.

• Attend a live (virtual) Investment Workshop on February 7, 16 or 21. To sign up for a live (virtual) investment workshop, click on the “Register today” link located in the Investment workshop section above.
• To view a recorded version of the Investment Change webinar, use the link in the Investment workshop section above. It will be available beginning Friday, February 24, 2023.
• View current investments at CookCountyDC.com.
• Schedule an appointment with a Retirement Specialist.
• Call the Nationwide Solutions Center at 1-877-677-3678 7 a.m. to 10 p.m. CT weekdays and 8 a.m. to 5 p.m. CT Saturday.