Ascensus and Total Benefits Communications are not affiliated with Vanguard Marketing Corporation, The Vanguard Group, Inc., or any of its affiliates.Īscensus is a registered trademark of Ascensus, Inc. VGI has entered into an agreement with Ascensus, Inc., to provide certain plan recordkeeping and administrative services on its behalf. Retirement plan recordkeeping and administrative services are provided by The Vanguard Group, Inc. The collective trust mandates are managed by Vanguard Fiduciary Trust Company, a wholly owned subsidiary of The Vanguard Group, Inc. Investment objectives, risks, charges, expenses, and other important information should be considered carefully before investing. They are collective trusts available only to tax-qualified plans and their eligible participants. Vanguard Target Retirement Trusts are not mutual funds. Regularly check the asset mix of the option you choose to ensure it is appropriate for your current situation. The asset allocations Vanguard has selected for the Target Retirement Funds are based on our investment experience and are geared to the average investor. Vanguard is responsible only for selecting the underlying funds and periodically rebalancing the holdings of target-date investments. An investment in a Target Retirement Trust or Fund is not guaranteed at any time, including on or after the target date. The Income Trust/Fund and the Income and Growth Trust have fixed investment allocations and are designed for investors who are already retired. The trust or fund will gradually shift its emphasis from more aggressive investments to more conservative ones based on its target date. The year in the trust or fund name refers to the approximate year (the target date) when an investor in the trust or fund would retire and leave the workforce. Investments in Target Retirement Trusts and Funds are subject to the risks of their underlying funds. Diversification does not ensure a profit or protect against a loss. Thank you.All investing is subject to risk, including the possible loss of the money you invest. We hope you find it informative and enjoyable. Within JTR, you will experience articles discussing the importance of your benefits throughout your career, such as the value of preventive care and annual wellness exams for long term health, how to monitor and update your benefit information over time and plan for gaps between your eventual retirement benefits and your expenses, plus naming your beneficiaries, and how to protect your personal information from cybercrime. The purpose of our “Journey to Retirement” (JTR) magazine is to provide a description of important steps for plan participants to consider for staying healthy on their way to enjoying a well-deserved retirement, along with a brief by decade look at the history of the Funds. Understanding that the retirement path for every person is unique, we recognize that there are solid mile markers along the way that assist in the voyage. These benefits fortify a crucial part of the three-legged stool of American retirement consisting of Social Security, employee pensions, and personal savings.įor decades, the IAM National Pension Fund, IAM National 401(k) Fund, and National IAM Benefit Trust Fund, have provided important retirement and healthcare benefits to IAMAW members, working in a variety of career fields, and their families. While defined-benefit plans were prominent in the past, unfortunately only 12.2 percent of private-sector workers last year said they had access to a defined-benefit plan like the IAM National Pension Fund. The IAM National Pension Fund provides participants with a defined-benefit pension plan for their retirement. Has provided valuable retirement benefits for members of the International Association of Machinists and Aerospace Workers and their families since 1960. Each year, the plan administrator must automatically provide plan participants with a copy of the plans summary annual report, free of charge.
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