June 6 is Last Day to Open a New Self-Directed Brokerage Account at State Street

Between June 6 and July 8 there will be a temporary hiatus in the opening of new self-directed brokerage accounts.

In preparation for the transition of the 401(k) Pension Plan’s Self-Directed Brokerage Account (SDBA) administration to TD Ameritrade, Inc. we are temporarily suspending the ability of 401(k) Plan participants to open new brokerage accounts. State Street Global Markets, LLC, will accept SDBA enrollment applications through market close at 4 pm ET, Friday, June 6, 2014. After June 6, there will be a temporary hiatus on the opening of new SDBAs. To minimize confusion the State Street SDBA enrollment application for participants will be removed from the NRECA Employee Benefits website until the transition to TD Ameritrade is completed.

Beginning July 8, 2014, eligible 401(k) Plan participants will be able to open accounts with our new SDBA provider, TD Ameritrade. The NRECA Employee Benefits website and the Retirement Benefits Voice Line will be kept up-to-date throughout the SDBA transition to keep participants informed.

If you or your employees have questions about the SDBA option or general financial planning questions, please contact either Steven Ulrich at 703.907.6064 or email steven.ulrich@nreca.coop, or Jose Cuellar at 703.907.6056 or email jose.cuellar@nreca.coop.

For assistance opening or closing an SDBA, participants can call the Member Contact Center at 1.886.673.2299 or email contactcenter@nreca.coop.

For questions about their pre-transition SDBA assets, trades or transfer activity, participants can contact State Street directly by calling 1.866.548.5595.