Download Report

W E L C O M E T O YO U R N E W
Edward Jones Retirement Plan
PMS 5535
Black
I M P O RTA N T I N F O R M AT I O N F O R E D WA R D J O N E S R E T I R E M E N T
P L A N PA RT I C I PA N T S –
your plan is moving to Sun Life Financial
Dear Plan Participants,
One of the benefits of contributing to a growing and profitable firm is that Associates share in the work and the
profits. At Edward Jones, we also are committed to helping you save for your financial future.
The Edward Jones Retirement Plan has two parts to help you fund your retirement: a Deferred Profit Sharing Plan
(DPSP) and a Group Registered Retirement Savings Plan (Group RRSP).
With significant input from you, Edward Jones and the Profit Sharing Committee are changing your retirement plan
to give you more choices, flexibility and convenience.
Effective September 1, 2012, our plan will transfer from BMO GRS to Sun Life Financial.
The benefits of an Edward Jones Retirement Plan through Sun Life Financial include:
•New investment options, including asset allocation models, making it easier to diversify your savings.
• A single, robust website to manage all aspects of your retirement accounts.
• Access to your retirement plan any time online or by phone.
• New planning tools and resources to help you manage your investments.
In the enclosed guide you will find detailed information about the move to Sun Life Financial and the action required
from you. Please read it carefully to ensure you understand what these changes mean and the actions you must take.
If you have questions, please call Sun Life Financial’s Customer Care Centre at 1-866-733-8612, any business day
from 8 A.M. to 8 P.M. ET.
Webinars are being offered to help you learn about these changes and get your questions answered. Plan to attend
one – it is important that you understand your retirement plan. Dates for the sessions are on the facing page.
For additional information, visit www.edwardjones.com/canadaprofitsharing.
Sincerely,
David Lane
Managing Principal, Canada
Sucharita Maitra
Chairperson, Profit Sharing Committee
What’s new
When your Deferred Profit Sharing Plan (DPSP) and Group Registered Retirement Savings Plan
(Group RRSP) (if applicable) accounts transfer from BMO to Sun Life Financial, you’ll enjoy:
• NEW eligibility rules – full-time associates can now join the Group RRSP
immediately upon hire.
• A new fund lineup, with a variety of funds from which to choose, including
asset allocation models.
• Exclusive investment funds only available to group plans.
• Lower fees than you would pay on your own as an individual investor.
• Direct access to your account by signing in through JonesLink/JonesNet.
•New account management features, available online through Sun Life Financial’s
Plan Member Services website, mysunlife.ca/edwardjones.
Important note to
plan members no
longer employed at
Edward Jones:
If you still have a DPSP
in the Edward Jones
Retirement Plan, your
DPSP will be transferred
to Sun Life Financial and
converted to an RRSP.
This is to meet Canada
Revenue Agency (CRA)
regulations.
Timeline
August 20, 2012 to August 31, 2012
TAKE ACTION: Make your investment choices at Sun Life Financial. These investment choices will apply to
your current assets as well as your future contributions.
Your payroll contribution instructions will be transferred from BMO to Sun Life Financial automatically.
If you haven’t already, enrol in the Group Registered Retirement Savings Plan (Group RRSP) (voluntary) and/or
Spousal RRSP (voluntary).
August 21, 23, 29, 2012 TAKE ACTION: Attend a webinar information session at 12 P.M. and 3 P.M. ET each of the named days.
• Dial in Number: 1-800-565-1818 or 416-849-1850
• Participant code: 489761045
• Sign in “as Guest” to: http://slf.adobeconnect.com/r86lr147e6n/ August 22, 2012
Last day to submit interfund transfers for your BMO plan.
August 24, 2012
Final contributions to your BMO plan.
August 27, 2012 to September 7, 2012
BLACKOUT PERIOD. Your existing assets and payroll contribution instructions at BMO GRS will be transferred
to Sun Life Financial. You will not be able to access your account during this time. Please see Appendix C for more information about the blackout period.
August 31, 2012DEADLINE to make your investment choices at Sun Life Financial. If you do not make investment choices, your
existing assets and future contributions will be directed to the plan’s default fund, which is the SEI Balanced
60/40 Segregated Fund. This may or may not be the best choice for you.
September 10, 2012
Transfer of your assets to Sun Life Financial is complete and you may make transactions on your account.
Transition Guide | E D W A R D J O N E S | 2
Your
to-do list
We’ve listed all the steps you’ll need to take, along with an estimate of the time required, below.
TASK
TIME NEEDED TO COMPLETE
✓ Review the
information
provided to you in
this document to
learn about your
plan and everything
it has to offer you.
✓ Complete the
Edward Jones Risk
Tolerance
Questionnaire.
✓ Choose your
Group RRSP
investments or
enrol in the Group
RRSP online at
mysunlife.ca/
edwardjones.
WHAT YOU NEED TO KNOW
10-15 minutes
10 minutes
The Questionnaire can be found online at
www.edwardjones.com/canadaprofitsharing.
With knowledge of your risk tolerance and your investor life
stage, and using the portfolio objective guidance table, you
can choose the investments that are best for you – the same
process we use with our clients.
5-10 minutes
If you are already enrolled in the Edward Jones Group RRSP:
You will be automatically enrolled in the Group RRSP at Sun Life
Financial and your assets will automatically be transferred to
Sun Life Financial. You’ll just need to make investment choices
for your future contributions (these choices will automatically
apply to your current assets transferring from BMO).
You can choose your investments online by signing in to your
Sun Life Financial account online.
If you don’t choose your investments by August 31, 2012 your
existing assets and future contributions will be directed to the
plan’s default fund, which is the SEI Balanced 60/40 Segregated
Fund; this may or may not be the best choice for you, based on
your investment risk tolerance. You can, however, update your
investment instructions any time in the future.
If you aren’t already participating in the Group RRSP:
Now is the time to get started. Your participation in the Group
RRSP is strictly voluntary, but you must enrol to participate,
make your investment choices and indicate how much you
would like to contribute through payroll deduction.
3 | E D W A R D J O N E S | Transition Guide
TASK
✓ Choose your
investments for
your Deferred
Profit Sharing
Plan (DPSP).
TIME NEEDED TO COMPLETE
5-10 minutes
WHAT YOU NEED TO KNOW
These investment instructions will apply to assets transferring
from BMO, as well as the company’s ongoing contributions to
the DPSP.
You can choose your investments online by signing in to your
Sun Life Financial account online.
If you don’t choose your investments in the DPSP by
August 31, 2012, your existing assets and future contributions
will automatically be directed to the plan’s default fund, which
is the SEI Balanced 60/40 Segregated Fund; this may or may
not be the best choice for you based on your investment risk
tolerance. You can, however, update your investment instructions
any time in the future.
✓ Enrol in a
Spousal RRSP.
15 minutes
Download and print the form from mysunlife.ca/edwardjones
or use the copy attached to this brochure if you are viewing the
brochure online. Your spouse must fill in and return the form,
but you can provide your amount for payroll deductions online.
✓ Designate a
beneficiary for your
plan assets.
5 minutes
You must designate a beneficiary for both your DPSP and Group
RRSP. Otherwise your beneficiary will default to your estate,
which may not be your wish.
You’ll find step-by-step instructions about how to do each of the steps online with Sun Life Financial in the “How to…”
section (Appendix A) of this document.
Why choose to invest in your Group RRSP through Edward Jones?
Your Group RRSP is voluntary, and we know you have many choices about where to invest. But there are two primary
advantages to your Group RRSP through Edward Jones that you can’t get anywhere else.
1. Lower fees than you can get on your own as an individual investor, because of the group’s buying power.
2. The convenience of payroll deductions; when you contribute to your Group RRSP through payroll deductions, you
get an immediate tax benefit, since your contributions are made before income tax is taken off. By contributing regularly
through payroll deductions, you also smooth out the “peaks and valleys” in fund values, ensuring you aren’t making a
lump-sum contribution when the fund value is at its highest.
About your Group RRSP contribution rates
The Group RRSP contribution rates – regular paycheque and bonus paycheque – that you have on file as of August 17, 2012
will remain the same during the transition period and will continue at those rates with Sun Life Financial, unless you elect
to change them at some point after the transition to Sun Life Financial is complete.
After the transition period, you will make changes to your payroll deduction elections by signing in to your account at
Sun Life Financial.
Transition Guide | E D WA R D J O N E S | 4
Your retirement savings
plans at a glance
The following chart includes information about your plans, including how contributions and investments work.
Firm
contributions
GROUP RRSP
DPSP
None
Discretionary, to a maximum of the annual Canada
Revenue Agency (CRA) DPSP dollar limit.
Profit sharing: if annual eligibility requirements for
a contribution are met.
Firm match: if annual eligibility requirements for
a contribution are met. BOAs and Home Office
Associates (non-General Partner) only.
Made on a pre-tax basis.
Associate
contributions
Made on a pre-tax basis.
None
You can contribute any amount, up to your
Canada Revenue Agency (CRA) personal limit
and up to 75% of any paycheque. You can
update your deferral elections any time.
You may make contributions to a Spousal account.
Vesting
100% of all contributions are immediately vested.
Investments
You have a variety of funds from which you can choose, in different asset classes. (See pages 6 and 7
for details.)
If you do not make an active investment decision for your contributions, they will be directed to the
plan’s default fund, the SEI Balanced 60/40 Fund. This fund may or may not be the most suitable for your
risk profile.
Withdrawals
You can make a withdrawal any time, subject to
applicable taxes and fees and plan rules.
In cases of financial hardship only.
You must withdraw RRSP assets first.
If you make a withdrawal while in service,
there will be a six-month restriction on Group
RRSP and Spousal RRSP contributions; after the
six-month restriction, you will need to restart
contributions by making a new deferral election.
5 | E D W A R D J O N E S | Transition Guide
You can only withdraw assets that have been in the
plan for two years or longer.
Your
investment options
Here are the investment options offered to you under the Edward Jones Group RRSP and DPSP through Sun Life Financial.
Investment options – Group RRSP
ASSET
CATEGORY
FUND NAME
DESCRIPTION
FMFs*
Aggressive
growth
CC&L Canadian Small Cap Equity
Segregated Fund
Canadian equity
1.11%
Growth
SEI Growth 100 Segregated Fund
Bissett Canadian Equity Segregated Fund
CI Signature Select Canadian Segregated Fund
MFS Global Equity Segregated Fund
Asset allocation – all equity
Canadian equity
Canadian equity
Non-Canadian equity
1.04%
0.85%
1.00%
1.12%
Growth &
income
SEI Growth 80/20 Segregated Fund
SEI Balanced 60/40 Segregated Fund
SEI Balanced 50/50 Segregated Fund
SEI Income 30/70 Segregated Fund
SEI Income 20/80 Segregated Fund
CI Signature Income & Growth Segregated Fund
Trimark Income Growth Segregated Fund
CI Canadian Investment Segregated Fund
Trimark Canadian Segregated Fund
CI Global Value Segregated Fund
Asset allocation – growth focus
Asset allocation – balanced toward growth
Asset allocation – balanced growth and income
Asset allocation – balanced toward income
Asset allocation – income focus
Balanced
Balanced
Canadian equity
Canadian equity
Non-Canadian equity
1.04%
1.04%
1.04%
1.04%
1.04%
0.99%
0.99%
1.00%
0.99%
1.25%
Income
Templeton Global Bond Segregated Fund
PH&N Bond Segregated Fund
BlackRock Universe Bond Index Segregated Fund
Aggressive income - global
Active fixed income
Passive fixed income
1.10%
0.70%
0.44%
Money
market
Sun Life Financial Money Market
Segregated Fund
0.29%
* F MFs as at June 2012. The FMFs displayed in this document do not include the applicable sales tax. However, these taxes are charged to your
account. FMFs include, but are not limited to, fund operating expenses and investment management fees.
Transition Guide | E D WA R D J O N E S | 6
Investment options – DPSP
ASSET
CATEGORY
FUND NAME
DESCRIPTION
FMFs*
Growth
SEI Growth 100 Segregated Fund
Asset allocation – all equity
1.04%
Growth &
income
SEI Growth 80/20 Segregated Fund
SEI Balanced 60/40 Segregated Fund
SEI Balanced 50/50 Segregated Fund
SEI Income 30/70 Segregated Fund
SEI Income 20/80 Segregated Fund
Asset allocation – growth focus
Asset allocation – balanced toward growth
Asset allocation – balanced growth and income
Asset allocation – balanced toward income
Asset allocation – income focus
1.04%
1.04%
1.04%
1.04%
1.04%
Money
market
Sun Life Financial Money Market
Segregated Fund
0.29%
* F MFs as at June 2012. The FMFs displayed in this document do not include the applicable sales tax. However, these taxes are charged to your
account. FMFs include, but are not limited to, fund operating expenses and investment management fees.
Where to get help
If you have any further questions about this upcoming plan change, please contact Sun Life Financial’s Customer Care Centre
at 1-866-733-8612, any business day from 8 A.M. to 8 P.M. ET.
Know your responsibilities
As a member of the Edward Jones Retirement Plan, you’re responsible for making investment decisions and for using the tools
and information that have been provided to help you make these decisions. You should also decide if seeking investment
advice from a qualified individual makes sense for you.
7 | E D W A R D J O N E S | Transition Guide
APPENDIX A:
How to . . .
You can complete most of the steps in the checklist online with Sun Life Financial. Step-by-step instructions follow. If you
have trouble, contact Sun Life Financial’s Customer Care Centre at 1-866-733-8612 any business day from 8 A.M. to 8 P.M. ET.
How to . . .
. . . register for online access
•You have two options to access your account: through your Edward Jones Personal & Job Information/Jones Associate
Connection, or through Sun Life Financial’s Plan Member Services website at mysunlife.ca/edwardjones.
1.
Signing in through JonesLink/JonesNet:
Branch Associates:
JonesLink > Working at Jones > Personal & Job Information > Group RRSP/
DPSP > mysunlife.ca/edwardjones.
Home Office Associates:
JonesNet > Associate Info > Jones Associate Connection > Group RRSP/
DPSP > mysunlife.ca/edwardjones.
Important note to
members no longer
employed at
Edward Jones:
You will not be able
to access the
Sun Life Financial website through JonesLink/
JonesNet; you will be
able to access the site
at www.mysunlife.ca/
edwardjones
(instructions below).
Click on the Sun Life Financial link. By selecting the link to Sun Life
Financial, you are authorizing Edward Jones to send your personal
identifiers, in an encrypted manner, to Sun Life Financial to be used
for authentication and the activation of the Single Sign-On service.
The first time you enter via Personal & Job Information/Jones Associate
Connection, you will be asked to verify your identity and set up an access ID and password. In the future, when you enter the site from Personal & Job Information/Jones Associate Connection, you will not have to use your Sun Life Financial access ID and password. (This access ID and password will allow you to sign in from any other computer and is used if you contact Sun Life Financial by phone.)
2. Signing in through mysunlife.ca/edwardjones: Go to mysunlife.ca/edwardjones from any web browser.
You will need your date of birth and your account number to sign in using this method (and any
time in future when you contact Sun Life Financial’s Customer Care Centre); your account number is
the number 39009 followed by your Edward Jones 7-digit numeric EMPLID (eg. 39009XXXXXXX). If you
forget your account number, you may contact Sun Life Financial’s Customer Care Centre (1-866-733-8612,
any business day from 8 A.M. to 8 P.M. ET) or look for this account number on your statements, once
you start receiving these from Sun Life Financial.
•
No matter how you choose to enter, to register for account access the first time, once you’ve reached the
Sun Life Financial site just select the Register link and follow the steps provided.
Transition Guide | E D WA R D J O N E S | 8
. . . access your account
•Sign in using your access ID and password or enter through your Personal & Job Information/Jones Associate
Connection.
•From the my financial future section of the Home page, select my info Café for your Edward Jones plan. (Note
that if you are a previous Sun Life Financial plan member through another plan, you’ll see that plan here too.)
. . . choose your investments
Follow these steps to update your investments in your DPSP or Group RRSP any time.
•Sign in to the site or enter through your Personal & Job Information/Jones
Associate Connection.
•On the my financial future section of the Home page, select my info Café
for your Edward Jones plan.
• From the Requests drop-down menu, select Change investments.
• Select the account for which you’d like to change your investments, i.e. DPSP
or Group RRSP.
• Follow the instructions provided.
Note: You must repeat this process for each account you wish to update (DPSP
and Group RRSP).
. . . enrol in the Group RRSP
While you can change
your investment
instructions any time,
it’s important to keep
Sun Life Financial’s
short-term trading
policy in mind:
There are no charges
for transfers. However, a
two per cent fee may be
charged if you make a
transfer in to a fund
followed by a transfer
out of the same fund
within 30 calendar days.
If you are eligible to contribute to the Group RRSP and aren’t already participating, follow
these steps to enrol any time:
• Sign in to the site or enter through your Personal & Job Information/Jones Associate Connection.
• From the my financial future section of the Home page, select Enrol from the Take me to drop-down menu.
• Choose your Group RRSP account.
• Follow the steps provided.
Note: Don’t forget to designate a beneficiary for your plan assets as part of the enrolment process.
. . . change your Group RRSP regular paycheque contribution rates
•
•
•
•
Sign in to the site or enter through your Personal & Job Information/Jones Associate Connection.
On the my financial future section of the Home page, select your Group RRSP account under the Edward Jones plan.
From the Requests drop-down menu, select Contribute.
Choose Payroll deduction then follow the instructions to update your contribution level through payroll.
. . . change your Group RRSP trimester bonus paycheque contribution rates
• Sign in to the site or enter through your Personal & Job Information/Jones Associate Connection.
• On the Home page, under my financial future, select my info Café.
• Under the Requests drop-down menu, select Trimester Bonus, then Update.
•The trimester bonus page allows you to enter the dollar amount or percentage you wish to contribute from
your bonus. Remember that you can contribute a maximum of 75%. Please enter your chosen amount or
percentage, and select Continue.
• Once you are happy with your choice, choose Submit.
9 | E D W A R D J O N E S | Transition Guide
PLEASE REMEMBER:
1.You have the option to contribute a bonus amount to your Group RRSP or take it as taxable cash. If you
usually make Spousal contributions (via your paycheque contributions), Sun Life Financial will split the trimester
bonus contribution amount between your Group RRSP and Spousal RRSP just as you split your ongoing regular
paycheque contributions throughout the year. In other words, if you normally direct 50% of your payroll deferral
to a Spousal RRSP, 50% of the value you’re contributing from your trimester bonus will be directed to the
Spousal RRSP also.
2. If you do not make an election for your bonus paycheque contribution rates, Edward Jones will automatically apply your contribution as you allocated your previous bonus.
. . . designate a beneficiary for your plan assets
If you didn’t designate a plan beneficiary when you enrolled in the Group RRSP and/or DPSP,
you can do so any time online at mysunlife.ca /edwardjones.
•Sign in to the site or enter through your Personal & Job Information/Jones
Associate Connection.
• On the my financial future section of the Home page, select my info Café.
• From the Quick links list on the left-hand side of the page, select
Beneficiary info.
•At the bottom of the page, select the Beneficiary Designation Form; a fillable
form will open in a separate window on your screen.
• Fill in the form electronically.
• Once you’ve filled in the form, print it off and sign it.
• Mail the original completed and signed form to the address provided on the form.
Why is it important to
choose a beneficiary?
By designating a
beneficiary, it will
ensure your assets will
be distributed according
to your wishes in the
event of your death.
Otherwise, your
beneficiary election will
default to your estate,
which may not be
your wish.
Note: To request a paper copy of the beneficiary designation form, call Sun Life Financial’s Customer Care Centre
at 1-866-733-8612, any business day from 8 A.M. to 8 P.M. ET. A representative will be happy to mail one to your
home address.
ESSENTIAL CONTACTS:
Sun Life Financial:
www.mysunlife.ca/edwardjones
Phone: 1-866-733-8612
Access through JonesLink/JonesNet:
Branch Associates: JonesLink > Working at Jones > Personal & Job Information > Group RRSP/DPSP > mysunlife.ca/
edwardjones
Home Office Associates: JonesNet > Associate Info > Jones Associate Connection > Group RRSP/DPSP > mysunlife.ca/
edwardjones
Edward Jones HR Profit Sharing:
www.edwardjones.com/canadaprofitsharing
Email: [email protected]
Phone: 314-515-9601
Transition Guide | E D WA R D J O N E S | 10
APPENDIX B: DPSP/Group
RRSP changes – FAQs
What is changing with the retirement plans?
The plans will be provided by Sun Life Financial and there will be new investments for the DPSP and Group RRSP. Also, the
eligibility requirements to start contributing to the Group RRSP have changed.
What are the new eligibility requirements to start contributing to the Group RRSP?
Full-time associates can start contributing immediately upon hire. Part-time associates will be eligible after being compensated
for 975 hours in their first year of employment or any subsequent calendar year.
Who developed the new investments?
The Profit Sharing Committee developed them. The new investments are a result of extensive research, analysis and due
diligence, including input from our own Mutual Fund Research department.
Who makes up the Profit Sharing Committee?
The committee is comprised of associates hand selected by the Managing Principal of Canada and includes representatives
from the field and Home Office. The current members are:
•Sucharita Maitra, HO Insurance/Banking Services – Mississauga, ON
•Financial Advisor Robert Henderson – Elliot Lake, ON
•Financial Advisor Geoff MacPherson – Newmarket, ON
•Sr. BOA Alena Strzelecki – Vernon, BC
Why are there no individual mutual funds available in the DPSP fund lineup?
The firm contributes a significant amount to the profit sharing plan to help associates build toward their retirement. With
such a large commitment, the firm and the Profit Sharing Committee feels responsible to help all associates maintain a
properly diversified portfolio to reduce risk, while delivering the type of long-term returns participants expect. Historically, a
more conservative approach has been taken with retirement dollars contributed by the firm.
Why were asset allocation funds from SEI selected?
The Profit Sharing Committee decided the process employed by SEI aligned well with the firm’s retirement plans and the
needs of a serious, long-term investor. The committee was particularly impressed with the due diligence used in selecting
investment managers for a fund, the ongoing monitoring and adjusting of investment managers and the approach used for
manager allocations and rebalancing.
11 | E D W A R D J O N E S | Transition Guide
Why are there no U.S. investment options in the Group RRSP?
To simplify fund selection for participants, global funds are offered as opposed to separate U.S. and international funds.
The committee deemed an appropriate level of U.S. exposure would be provided by the professional money manager of a
global fund.
How do I know which investment options to select?
After you complete the Risk Tolerance Questionnaire and determine your Investor Life Stage, you can use the portfolio
objective guidance table to help determine the portfolio objective that is best for you. You can complete this process at
www.edwardjones.com/canadaprofitsharing. Read the Building Your Portfolio Strategy Report and use what you learn
as you review the investment options available to you.
Where can I get help selecting my new investments?
In addition to the online resources noted in the prior question, you may wish to speak with your financial advisor or another
trusted financial professional for guidance.
What happens if I don’t make new investment selections?
If you’ve not made a selection by August 31, 2012, you will automatically be assigned to the default option, SEI Balanced
60/40, and your monies and future allocations will be transferred to that investment. This affects not only your DPSP
balances and future allocations, but also any Group RRSP balances and future allocations.
If my account defaults, can I change my elections?
Yes. You can change elections at any time after the transition to Sun Life Financial is complete, starting on September 10, 2012.
You can make changes through the plan website.
Transition Guide | E D W A R D J O N E S | 12
APPENDIX C:
Your rights
Important notice concerning your rights under the Edward Jones Group RRSP and
Deferred Profit Sharing Plan
1.
This notice is to inform you that the plan will be changing service providers to Sun Life Financial.
2.As a result of these changes, you will temporarily be unable to engage in certain transactions in your individual
accounts under the plan. The affected transactions have been described in detail in this communication. This period,
during which you will be unable to exercise these rights otherwise available under the plan, is called a “blackout
period.” Whether or not you are planning retirement in the near future, we encourage you to carefully consider how
this blackout period may affect your retirement planning, as well as your overall financial plan.
3.
This communication indicates a range of dates during which the blackout period will begin and end.
4.During the blackout period you will be unable to direct or diversify the assets held in your plan account. For this
reason, it is very important that you review and consider the appropriateness of your current investments in light
of your inability to direct or diversify those investments during the blackout period. For your long-term retirement
security, you should give careful consideration to the importance of a well-balanced and diversified investment
portfolio, taking into account all your assets, income, and investments.
5.If you have any questions concerning this notice, you should contact the HR Profit Sharing Department by calling
1-314-515-9601 or dialing extension 5-9601.
13 | E D W A R D J O N E S | Transition Guide
Notes
Transition Guide | E D W A R D J O N E S | 14
PMS 5535
PMS 5535
PMS Black
Black
PMS White
07/12 kg-je