We’re pleased to announce that by the end of May, participant account balances will be updated daily instead of monthly. Read the Quick Guide to Daily Valuation and get more information below.
Daily Valuation Webinar
Watch our webinar:
“Managing Your Investments with Daily Valuation”
InfoExpress Blackout Period (Read the full blackout notice)
In order to complete the switch to Daily Valuation, InfoExpress will be unavailable starting May 22, 2017.
We expect the blackout period to end before or during the week of May 29, 2017, and will notify you when Daily Valuation is live and you’re able to access InfoExpress.
When is the blackout period?
The blackout period begins at 11:59PM EST on April 23rd, 2017 and is expected to end the week of May 29th, 2017. The RPB will notify you by email, or U.S. mail for those without email, and through the Reform Movement professional organizations.
What is a blackout period and why do we need one?
To facilitate the implementation of accounting and/or systems changes, it is standard industry practice to specify a period of time, called a “blackout period,” when accounts cannot be changed or updated, and systems are unavailable for normal use. As the RPB transitions from a monthly to a daily valued plan, a blackout period is mandated by our record keeper to ensure that participants’ accounts are accurately and efficiently converted (see Daily Valuation FAQ “What does daily valuation mean?”).
Can I access my account during the blackout period?
You will not be able to make changes to your investments during the blackout. However, you will still be able to view your balances, transaction history and statements through InfoExpress. During the last few days of the blackout, InfoExpress will be down completely to finalize the conversion to daily valuation. After the blackout is over, you will have full access to your account.
What is the deadline for changing my investments before the blackout period begins?
You have until 11:59PM EST on April 23, 2017, to make changes to your investments; the changes will take effect at the end of April. On April 24th, the ‘Change Investments’ function in InfoExpress will be disabled and not turned back on until the blackout period is over.
Can I make a contribution during the blackout period and when will my money be invested?
The RPB will accept contributions during the blackout period and the money will be invested based on the schedule below. We have also notified employers directly about the contribution schedule during the blackout.
- Payment via ACH: April 20, 2017 is the last day an employer can send contributions to the RPB via ACH and have the money invested by May 1.
- Payment by check: April 21, 2017 before 4:00 PM EST is the last day the RPB can receive a contribution by check and have the money invested by May 1.
- Contributions received from 4:00 PM EST on April 21 through May 31, 2017, will not be invested in participant accounts until the beginning of June.
Will I receive my monthly distribution during the blackout?
Yes. Monthly distributions will continue to be paid during the blackout period.
Can I make changes to my monthly distribution during the blackout period?
Yes. The deadline for requesting changes to your monthly distribution is the 8th business day of the month. This is not affected by the conversion to daily valuation.
Can I request a one-time distribution during the blackout period?
You can request a one-time distribution, but we cannot fulfill your request until the blackout period is over and normal operations are resumed.
What does daily valuation mean?
When will my account balance be updated?
Why did the RPB change from monthly to daily valuation?
How frequently can I change my investments and when will the changes take effect?
For Tier II funds, Vanguard stipulates an additional 30-day frequent trading policy. This policy states that if you own one of Vanguard’s funds directly and decide to reduce or eliminate your allocation to that fund, you cannot go back into, or increase your allocation to, that same fund for 30 days.
Can I cancel or modify an investment change that I made?
How will lump sum distributions be valued after daily valuation is implemented?
What other enhancements are coming with Daily Valuation?
- See daily price history
- Invest future contributions in different funds or with different percentages from current balances
- For retirees, request that the RPB issue distributions from specific funds
- Change your investments more frequently and see the effect of that change the next business day
- View fund performance information in InfoExpress