FAST FACTS
- Your Individual Account is valued daily. You receive a statement of your account electronically after each calendar quarter unless you have elected to receive your statements by mail.
- Your employer contributes to your Individual Account on your behalf, but you can choose how the contributions are invested. For information on investment options, see Investment of Plan Assets.
- The money in your Individual Account can grow based on how well your investments perform.
Your Individual Account is established once you become a Participant. Generally, deposits are made to participants’ Individual Accounts once each month based on the employer contributions received by the Plan during the monthly reporting period.
Determining the Value of Your Individual Account
The date on which the Plan and each Individual Account in the Plan are valued is called the Valuation Date. Your Individual Account is valued on a daily basis. You will receive an electronic statement of the value of your Individual Account shortly after the end of each calendar quarter (March 31, June 30, September 30, December 31) unless you have elected to receive your statements by mail.
As of the end of each Valuation Date, the amount of your Individual Account will be the total of the following:
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The amount of your Individual Account as of the previous Valuation Date |
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Plus |
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The Investment Yield applicable to your Individual Account as of the previous Valuation Date. |
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Plus |
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The pro-rata portion of any payment directed by the Trustees to be made to your Individual Account from the Plan’s revenue credit account since the previous Valuation Date. |
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Plus |
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The pro-rata portion of any participant revenue credit amount to your Individual Account since the previous Valuation Date. |
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Minus |
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Any quarterly per-capita administrative expense fee, any pro-rata administrative expense fee, or if applicable, any managed account services fee assessed on your Individual Account since the previous Valuation Date. |
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Plus |
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Contributions the Plan received from your employer or rollover contribution received by the Plan on your behalf since the prior Valuation Date. |
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Minus |
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Any benefit payments made from your Individual Account since the prior Valuation Date. |
Access your Individual Account information at any time!Visit https://nb.fidelity.com to obtain up-to-date information about the investment options available to you or to make changes to how your Individual Account is invested. Fidelity Investment’s automated service line can provide you with this same information at 1-866-84UNION (1-866-848-6466), or, if you prefer to talk to a Participant Services Representative, just call the same toll-free number any business day between 8:30 a.m. and Midnight. (EST). |