To ensure that all information is transferred accurately to Fidelity from your current Duke 403(b) Retirement Plan account at TIAA, VALIC or Vanguard, there will be a period of time when you will be unable to direct or diversify investments in your individual accounts, obtain a loan or a distribution from the Duke 403(b) Retirement Plan.
The time during which you will be unable to exercise your rights otherwise available under the Duke 403(b) Retirement Plan is called a "blackout period." During this time, you can determine whether the blackout period has started or ended by contacting Fidelity Investments at 800-823-0172 or visiting fidelity.com/duke. If you have any questions concerning this notice, you can contact Human Resources at 919-684-5600, 705 Broad Street, Box 90502, Durham, NC 27708-0502.
The blackout period is scheduled as follows:
|Begin date (at 4 p.m. Eastern time)||End date|
|Fidelity accounts||January 14, 2019||The week of January 27|
|TIAA annuity accounts||January 4, 2019||On or after the week of January 16|
|TIAA mutual fund accounts||January 4, 2019||The week of January 27|
|VALIC mutual fund accounts||January 7, 2019||The week of January 27|
|Vanguard accounts||January 8, 2019||The week of January 27|
Note, the blackout period applies to all participants with mutual fund accounts transferring to Fidelity and annuity accounts at TIAA. VALIC annuity accounts are not affected by the blackout period. Because you will be unable to direct or diversify your Duke 403(b) Retirement Plan balance during the blackout period, it is very important that you review and consider the appropriateness of your current investments. 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.
Whether you are planning retirement in the near or distant future, we encourage you to carefully consider how this blackout period may affect your retirement planning and your overall financial plan.
If you have any questions concerning this notice or your rights, you should contact Fidelity Investments at 800-823-0172 or visit fidelity.com/duke. If you have any questions about your current account with TIAA, VALIC or Vanguard, or if you would like to make any changes to your account before the start of the blackout period, please contact your provider.