Performance: Past results are not a guarantee of future performance.
Allocation of Funds: Funds will be allocated into the different stock investment funds on the 15th day of each month (or nearest business day).
Withdrawals: The Board of Retirement has 30 days to process non-periodic withdrawals (lump-sum distributions, partial distributions, hardship withdrawals, “rollovers,” etc.). Regularly scheduled monthly distributions will not change and such will be directly deposited to a member’s bank account on the first business day of each month.
Reallocation of Investments: Each participant will be allowed to reallocate their investment options quarterly. To reallocate, the member must complete, sign, and forward an original Investment Selection form to the Board of Retirement in time for it to be received in our office at least ten business days before the last business day of the quarter in order for your changes to become effective the first of the next quarter.
Allocable Accumulations: Participants can allocate all or part of the funds they have invested with the Board of Retirement in either one or both investment options. A participant can transfer no more than 50% of their account balance at any one time.
Financial Advisors: The Board of Trustees or the staff of the Board of Retirement is not engaged in rendering financial advice, legal advice, or other financial planning services. If such advice is desired or required, the services of a competent professional should be sought.
Non Insured: The retirement account provided by the Free Will Baptist Board of Retirement is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other governmental agency.
Securities Law: The Board of Retirement Plan or any company or account maintained to manage or hold assets of the Plan and interests in such plan, companies or accounts (including any funds maintained by the Free Will Baptist Board of Retirement) is not subject to registration, regulation or reporting under the Investment Company Act of 1940, the Securities Act of 1933, the Securities Exchange Act of 1934, Title 15 of the United States Code or state securities laws. Therefore, the Plan participants and beneficiaries will not be afforded the protections of those provisions.