Retirement Plan Update
WINTER 2011
Retirement Investments Made Easier
Greetings!
The trustees approved formation of a retirement plan Investment Committee to establish and maintain
a plan investment fiduciary due diligence process. With that end in mind, the Committee has retained
an investment advisor to assist in the selection and monitoring of plan investments and to ensure that
they are both easy to understand and address a reasonable range of retirement benefit needs.
Plan
Participation
As an eligible
employee of
Concord Academy,
you may elect to
contribute a portion
of your current
earnings to our
Tax-Deferred
Annuity plan.
If you meet certain
criteria, you may
participate in our
Defined
Contribution Plan.
In this plan both
you and Concord
Academy make
contributions to
your account.
Please check with
for more
information about
your eligibility to
participate.
Not only are income
taxes deferred on
all contributions
until you receive a
payout, but any
investment earnings
accumulate taxdeferred as well.
By setting aside a
portion of your
earnings during
your working years,
you can anticipate
accumulating assets
The Committee recently completed a review of Concord Academy's retirement plan. We identified a
"Primary" set of investments: Target Date (also known as Lifecycle) Accounts, and; a "Core" set of
investments that allow access to major investment asset classes. Investments were selected from
TIAA- CREF annuities and TIAA-CREF mutual funds.
Following are brief descriptions of both the Target Date Accounts and the accounts that comprise the
plan's Core investments. We hope to send periodic newsletters to keep you apprised of your
retirement plan investment choices.
Please let me know if you have any questions about the Committee--Judi Seldin, Judi Raiff, Deb
McCarthy and Mark Engerman--or its work.
Judi Seldin,
Chief Financial Officer
My e-mail
Target Date: Sophisticated but Simple
Target Date accounts simplify your retirement plan investment decisions. Simply choose the account
that is closest to when you anticipate drawing retirement income from the school's plan. The accounts
each include an optimal allocation, determined by professional money managers, based upon time
remaining until retirement. The mixture between bonds and stocks, and among the various classes of
bonds and stocks, glides from more aggressive to more conservative as you approach the target date.
Our plan features accounts in five-year increments from 2010 to 2050.
to draw upon during
retirement.
If you would like an
estimate of your
retirement income,
click on this link to
access an on-line
"Ballpark"
calculator.
Choose to Save
Core or Asset Class: Tailor Your Portfolio
Some participants set their own portfolio, based upon their individual circumstances, risk tolerance or
knowledge of investing. Our plan features carefully-screened Core choices across major investment
classifications.
To learn more about
your retirement plan
benefits, or to change
the way that your
plan contributions are
invested, please log-in
to CA's plan microsite.
Or call TIAA-CREF’s
toll-free number 1800-842-2733.
You may also call one
of the three local
offices to set up an
individual
appointment with a
TIAA-CREF
consultant:
Boston
One Beacon Street,
8th Floor/Boston, MA
02108
1-617-227-2720
1-800-842-2004
Cambridge
124 Mount Auburn
Street, Suite
445/Cambridge, MA
02138
1-617-441-1300
1-866-842-2824
Waltham
130 Turner Street,
Building 3, Suite 215
Waltham, MA 024538901
1 781 314-2400
1 866 904-7802
.
Source: Well and Good LLC
We intend this e-mail as information for Concord Academy employees, to better understand
and make use of Concord Academy's retirement plans. Concord Academy does not provide
investment, legal or other advice. Third parties supplied links, illustrations and examples.
We believe they are reliable but have not verified their information. Concord Academy does
not guarantee principal, interest or any particular plan benefit.