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8.27.15 – Retirement and 401(k) Briefings in PHX Today and Tomorrow

Thursday, August 27, 2015

Retirement and 401(k) Briefings in PHX Today and Tomorrow

The APFA Retirement and 401(k) Briefing is on the road again. All Flight Attendants can download their latest 401(k) Statement from from the Fidelity website at www.netbenefits.com/aa.

This retirement briefing by APFA Retirement Specialist Patrick Hancock, and DFW Flight Attendant Ron Harris, will cover many of the topics that will help Flight Attendants make the most of your retirement planning.

PHXThursday, August 27th – 11am until 2pm and  Friday, August 28th – 11am until 2pm – Both briefings will take place at PHX Sky Harbor Airport in the British Airways Room which is located upstairs above Gate B-22. Beginning in November 2015, 401(k) accounts of Flight Attendants and non-contract employees from the US Airways, Inc. Employee Savings Plan (“Employee Savings Plan”) will begin merging into the $uper $aver: An American Airlines, Inc. 401(k) Capital Accumulation (“$uper $aver Plan”). In addition, the $uper $aver Plan will be renamed as the American Airlines, Inc. 401(k) Plan (“American 401(k) Plan”).

A new investment menu is also being launched. All account balances and future contributions in the American 401(k) Plan will move to the new investment menu. A special window in which you may choose investments (or “make investment elections”) will run from September 15 to October 15, 2015.

Here’s what will happen to your account(s) if you don’t make your own investment elections during the upcoming election window.


The new investment menu consists of four tiers, each focused on a different style of investing.

Key Dates:

August 15 through September 14, 2015

Time to learn more and prepare. You’ll find details on the investment tiers, educational videos and articles, information to help you determine what kind of investor you may be, frequently asked questions, and more.

September 15 through 11:59 p.m. ET on October 15, 2015

Special investment decision election window. Choose investments for your account balances and future contributions using this investment decision website. If you make no election, your account balances and future contributions will be invested in the target date fund closest to the year you turn 65, with a few exceptions. 

Starting October 27 at 4:00 p.m. ET…

Blackout period. To prepare and implement the new investment menu at Fidelity, there will be a period of time during which account transactions will be temporarily unavailable, called the blackout period.

Limited blackout period.
Changes to how your future 401(k) contributions (if applicable) are invested within the current menu will be unavailable. During the limited blackout, most account transactions will remain available, including loans, distributions and changes to your beneficiary elections.

Also, loan repayments and contributions received will be invested in the Fidelity® Money Market Trust Retirement Money Market Portfolio until the blackout period ends. At that time, loan repayments, contributions and any associated earnings will be posted to your account according to the investment elections you chose from the new lineup during the special investment decision election window. If you did not choose investments from the new lineup, your 401(k) loan repayments, contributions and any associated earnings will be made in the target date fund based on the year closest to the year you turn 65. 

Starting October 30 at 4:00 p.m. ET…

Full blackout period.

At this point, the blackout period will expand, and you will not be able to request:

  • Transactions in your 401(k) account, including loans, distributions or withdrawals
  • Changes to your beneficiary elections
  • Any investment changes
  • Changes to the amount you contribute

As applicable for the transactions listed above, be sure to allow enough time to request, receive, complete and return the paperwork to Fidelity before this deadline. Also, if you’d like to view your account balance under the current investment menu, you must do this prior to October 30 at 4 p.m. ET. Your 401(k) account balances and direction for your future contributions will transfer to the new fund lineup after 4 p.m. ET on October 30.

Please note that the assets in your account stay invested — or “in the market”— throughout the blackout period. It’s important to ensure that you are comfortable with your investments in the current lineup before the blackout period begins, as well as in the new investment lineup when the special investment decision election window closes on October 15.

…Until the Week of November 1, 2015

Blackout period ends

The new investment menu is scheduled to be available on Fidelity NetBenefits®.
All account transactions are now available, including the ability to change your contributions (if applicable), initiate transactions, and generally change your investments at any time.

To learn more about the new investment menu and the opportunity to choose investments, you are invited to attend a virtual, online meeting or a live on-site workshop at key locations throughout the system. Meetings will be conducted by Fidelity Investments and a member of the American retirement benefits team. 

You can also enroll in the Financial Engines’ Professional Management Program, which will manage your investments for you for a fee. To enroll, access Financial Engines or call Fidelity Investments at (800) 354-3412 and ask to be connected to Financial Engines by October 13, 2015. If you enroll by October 13, Financial Engines will then manage the investment transfer for you during the special election window, regardless of whether you choose investments from the new menu during this special election window.

All other questions may be directed to Patrick Hancock, APFA Retirement Specialist at [email protected].



 

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APFA Headquarters
1004 West Euless Boulevard
Euless, Texas 76040

M-F: 9:00AM - 5:00PM (CT)
Phone: (817) 540-0108

Call APFA

Contract & Scheduling Desk
M-F: 7:00AM - 7:00PM (CT)
Phone: (817) 540-0108

Chat APFA

After-Hours Live Chat
M-F: 3:00PM - 11:00 PM (CT)
Sat-Sun: 9:00AM - 5:00PM (CT)

APFA Events

Currently, no scheduled events...

APFA Headquarters
1004 West Euless Boulevard
Euless, Texas 76040

M-F: 9:00AM - 5:00PM (CT)
Phone: (817) 540-0108

Call APFA

Contract & Scheduling Desk
M-F: 7:00AM - 7:00PM (CT)
Phone: (817) 540-0108

Chat APFA

After-Hours Live Chat
M-F: 3:00PM - 11:00 PM (CT)
Sat-Sun: 9:00AM - 5:00PM (CT)

APFA Events

Currently, no scheduled events...

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