This notice is to inform you that your account in the Southwest Airlines Pilots Retirement Savings Plan (the Plan) will transfer to Empower Retirement effective November 6, 2015.
As a result of this change, you temporarily will be unable to check your account balance; transfer or diversify your investments (including investments held within a self-directed brokerage account) in your Plan account; or obtain a loan, withdrawal or distribution. This period, during which you will be unable to exercise these rights otherwise available under the Plan, is called a blackout period. Whether or not you are planning retirement in the near future, we encourage you to carefully consider how this blackout period may affect your retirement planning, as well as your overall financial plan.
The temporary blackout period begins at 3 p.m. Central Time November 5, 2015, and ends the week of November 15, 2015. During this time, you will have limited or no access to your retirement account. You will be unable to check your account balance; transfer or diversify your investments (including investments held within a self-directed brokerage account); or obtain a loan, withdrawal or distribution from your Plan account.
Before the blackout period begins, it is very important that you review and consider the appropriateness of your current investments because you will be unable to transfer or diversify those investments during the blackout period. For your long-term retirement security, you should give careful consideration to the importance of a well-balanced and diversified investment portfolio, taking into account all your assets, income and investments
To access your Plan account before the blackout period begins, contact Schwab Retirement Plan Services Company at1-800-777-4015 (English) or 1-800-680-4015 (Español) or access www.401kaccess.com/swapa. You may also contact Schwab Retirement Plan Services Company by writing to:
Schwab Retirement Plan Services Company
12401 Research Blvd, Building 2
Austin, TX 78759
Once the blackout period ends, Empower will notify you, and you will have full access to your Plan account. If you would like to confirm the status of the blackout period, contact Empower at 1-866-LUV2SAV (1-866-588-2728).
| Not a Deposit | Not FDIC Insured | Not Bank Guarantee | Funds May Lose Value | Not Insured by Any Federal Government Agency |
Please consider the investment objectives, risks, fees and expenses carefully before investing. For this and other important information about investments offered through your Plan, you may obtain mutual fund prospectuses from your registered representative or Plan website. Read them carefully before investing.
Core securities, when offered, are offered through GWFS Equities, Inc. and/or other broker dealers. GWFS Equities, Inc., Member FINRA/SIPC, is a wholly owned subsidiary of Great-West Life& Annuity Insurance Company.
Empower Retirement refers to the products and services offered in the retirement markets by Great-West Life & Annuity Insurance Company (GWL&A), Corporate Headquarters: Greenwood Village, CO; Great- West Life & Annuity Insurance Company of New York, Home Office: White Plains, NY; and their subsidiaries and affiliates. The trademarks, logos, service marks and design elements used are owned by their respective owners and are used by permission.
This material has been prepared for informational and educational purposes only. It is not intended to provide, and should not be relied upon for, investment, accounting, legal or tax advice.
IMPORTANT: The projections, or other information generated by the Empower Participant Experience regarding the likelihood of various investment outcomes, are hypothetical in nature. They do not reflect actual investment results and are not guarantees of future results. The results may vary with each use and over time. The analyses present the likelihood of various investment outcomes if certain investment strategies or styles are undertaken, thereby serving as an additional resource to investors in the evaluation of the potential risks and returns of investment choices. Each simulation takes into account the participant’s current plan balance and investment mix, as well as his or her age, income, retirement date, contribution rate, likely future savings, and estimated Social Security benefit. The tool runs over 50 billion market simulations to provide an estimate of a monthly income likely to be generated at retirement. The Empower Participant Experience is an interactive investment tool designed for Empower Retirement 401(k) participants to illustrate the estimated impact of a participant’s plan balances and projected savings on income in retirement. The tool takes into account both before-tax and after-tax accumulated balances and future regularly scheduled contributions for estimated projections. It cannot account for dramatic changes in a participant’s personal situation, including unexpected expenses and other financial situations that may negatively affect one’s estimated monthly income in retirement. You are advised to consider your other assets, income, investment options, investment time horizon, income tax bracket, and risk tolerance when planning for specific investment goals. It is recommended that you consult a financial advisor for more information. It is important to note that the results from this tool are estimates based on what you input today. The results are not a guarantee of actual outcomes and will change as your inputs change. Health care costs and projections are provided by HealthView Services. Empower Retirement does not provide health care advice. Empower Retirement does not believe that HIPAA applies to the data obtained from plan participants using this new tool. Top peers are defined as an individual who is at the 90th percentile of the selected age band, salary range, and gender. IMPORTANT: The projections, or other information generated by the Lifetime Income ScoreSM regarding the likelihood of various investment outcomes, are hypothetical in nature. They do not reflect actual investment results and are not guarantees of future results. The results may vary with each use and over time.
The SDBA is intended for knowledgeable investors who acknowledge and understand the risks associated with the investments contained in the SDBA.
The Wells Fargo Stable Value Fund W is not federally guaranteed and may lose value. Stable Value (Asset) funds have interest rate, inflation, and credit risks that are associated with the underlying assets owned by the Fund. The strength of the “wrap contract” is dependent on the financial strength of the financial institutions issuing the contracts.
A collective fund is not a mutual fund and is exempt from SEC registration. Designed for and exclusively sold to qualified retirement plans and their participants, the funds are not available to individual retail investors.
Asset allocation and balanced investment options and models are subject to the risks of the underlying funds, which can be a mix of stocks/stock funds and bonds/bond funds. For more information, see the prospectus and/or disclosure documents.
Securities available through Schwab Personal Choice Retirement Account® (PCRA) are offered through Charles Schwab & Co., Inc. (Member SIPC), a registered broker-dealer. Additional information can be obtained by calling 1-866-588-2728. Charles Schwab & Co., Inc. and GWFS Equities, Inc. are separate and unaffiliated.
PT245450 (10/2015)