6.19.15 – (LAA) – 401(k) Changes
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June 19, 2015
LAA
401(k) Changes Online
Friday June 19, 2015 is the last day to make any changes to your 401(k). As part of the 401(k) transition for LAA employee $uper$aver accounts to a new record keeper (Fidelity), LAA employee accounts will become temporarily unavailable Friday at 4:00 p.m. Central Time. LAA employees will have “view-only” access to your account at EMPOWER (formerly J.P. Morgan Retirement Plan Services) through June 23, but will not be able to make any changes. After June 23rd, employees will no longer use retireonline.com or contact EMPOWER for any 401(k)-related questions or issues.
The new Fidelity customer service representatives of the American Airlines 401(k) Service Center are available now to answer questions about the transition. Call (800)354-3412 from 0830 – 2400 Eastern Time Monday through Friday, excluding New York Stock Exchange holidays.
No changes will be made to the current $uper$aver 401(k) Plan’s investment options with this transition from EMPOWER to Fidelity. No additional action is required by employees to maintain current investment balances or to continue contributions as currently allocated. Employee account assets stay invested throughout the transition to Fidelity.
Once the transition to Fidelity is complete, all $uper$aver 401(k) Plan services will be available only through the American Airlines 401(k) Service Center at Fidelity at (800)354-3412 or www.netbenefits.com/aa. Employees will be notified via Jetwire when the transition is complete.
Make sure you make any changes or modifications you want to be effective, before the deadline on June 19th.
More information is available at www.netbenefits.com/aa
Patrick Hancock
APFA Retirement Specialist
retirement@apfa.org