NEW from the NYCDCC Annuity Plan: Introducing Managed Accounts and Advice by Morningstar Investment Management LLC

July 1, 2019

The Board of Trustees of the New York City District Council of Carpenters Annuity Plan (“the Plan”) is dedicated to ensuring you receive both the highest quality service and the opportunity to invest in a full array of fund offerings, assisting in your preparations for a more financially secure retirement.

As a result of a recent review of the investment options offered through the Plan, we are pleased to inform you that we are adding a new service effective July 1, 2019—Managed Accounts and Advice from Morningstar Investment Management LLC. Asset allocation, an investment method that aims to spread your risk among different types of investments, can be the first step in creating a well-rounded mix of investments. You can do this on your own—or you can get professional assistance. The services offered by Morningstar Investment Management can help provide you additional and differing levels of professional assistance— and both are designed to help answer two key questions most participants have:

How much should I save in the Plan, and how should I invest my account?

We encourage you to review the flyer that appears in this article to help determine if using one of the services offered by Morningstar Investment Management is the right choice for you. Managed Accounts comes at an additional 0.35% fee, assessed quarterly and advice is provided at no additional cost to you.

What You Need To Know

Both products will be available on July 1, 2019. These are new online offerings that you can access and learn more about by logging onto your New York City District Council of Carpenters Annuity Plan account through www.prudential.com/nycdccbf. If you decide to use these new features, you will do so through the website.

About Morningstar Investment Management LLC

Morningstar Investment Management LLC is a leading provider of discretionary investment management and advisory services. Guided by seven investment principles, it is committed to focusing on its mission to design portfolios that help investors reach their financial goals. Its parent company, Morningstar, Inc., is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offers an extensive line of products and services for individual investors, financial advisors, asset managers, retirement plan providers and sponsors, and institutional investors in the private capital markets. Morningstar provides data and research insights on a wide range of investment offerings, including managed investment products, publicly listed companies, private capital markets, and real-time global market data.

Morningstar Investment Management does not sell investments or receive commissions for the investment options available in your plan. If you elect to enroll in the managed accounts service, Morningstar Investment Management is compensated on a percentage of your account balance.

Morningstar^® Retirement Manager^SM is offered by Morningstar Investment Management LLC, a registered investment adviser and subsidiary of Morningstar, Inc., and is intended for citizens or legal residents of the United States or its territories. Investment advice generated by Morningstar Retirement Manager is based on information provided and limited to the investment options available in your defined contribution plan. Projections and other information regarding the likelihood of various retirement income and/or investment outcomes are hypothetical in nature, do not reflect actual results, and are not guarantees of future results. Results may vary with each use and over time. Morningstar Investment Management is not affiliated with Prudential. All investments involve risk, including the loss of principal. There can be no assurance that any financial strategy will be successful. Morningstar Investment Management does not guarantee that the results of their advice, recommendations or objectives of a strategy will be achieved. The Morningstar name and logo are registered marks of Morningstar, Inc.

It is important to note that no change will be made to your current investments or future contribution direction unless you elect a change. 

For More Information

To learn more about your investment options, you can call Prudential directly at (877) PRU-2100 or visit its website at www.prudential.com/nycdccbf.