SmartTALK

Eligible for Retirement Plan Reselection in 2021?

Deadline to Choose Your Plan Is June 1

STRS Ohio mailed reselection packets in March to members who are now eligible to make their retirement plan reselection in 2021. The final reselection option is now open to participants who enrolled as new members between July 1, 2016, and June 30, 2017, and selected either STRS Ohio’s Defined Contribution Plan or Combined Plan.

Members who are now eligible for their plan reselection have until June 1, 2021, to make their selection. If you are eligible for reselection and do not choose a plan by the June 1 deadline, you will remain in your current plan with your current allocation. The decision you make now will be permanent, and the plan you select will remain your retirement plan for the duration of your STRS Ohio membership. The packets mailed in March included personalized account information, an overview of each retirement plan and a comparison chart.

You can make your plan reselection through your Online Personal Account. From your Online Personal Account, click on “Member Information” in the top menu and then “Retirement Plan Reselection” under Useful Links.

If you have questions or need more information regarding your reselection decision, please call the STRS Ohio Member Services Center toll-free at 888‑227‑7877. Plan reselection information for current Defined Contribution Plan participants and current Combined Plan participants is also available on our website.

Total Guaranteed Return Choice 2021 Term Ends June 30; New Allocation Should Be Selected

Members who allocated contributions to the Total Guaranteed Return Choice 2021 (for contributions made between July 1, 2016, and June 30, 2017) have an important decision to make about their asset allocation. The five-year term for this choice ends on June 30, 2021. At that time, if you have funds in this investment option, you will need to transfer the accumulated value to other STRS Ohio investment choices. If no action is taken, the accumulated value of the Total Guaranteed Return Choice 2021 will automatically be rolled into the STRS Target Choice option that falls immediately before your 60th birthday (or the next closest STRS Target Choice option if you have already reached age 60). In the coming weeks, STRS Ohio will share more information and instructions about how to make your selection.

Investor’s Corner

Allocation Check Up

Strong stock market performance in the United States and abroad can have a positive effect on your quarterly statement. It’s also a good time to examine your current asset allocation to be sure it reflects your investment goals and risk tolerance going forward. When you established your defined contribution account, you may have used the questionnaire in our Investment Options Guide to help determine your asset allocation strategy. Since asset values change over time, it may be worth considering a review of your portfolio again. You can access the questionnaire here.

For more information about asset allocation, the retirement specialists at Nationwide Retirement Solutions (NRS) are available to help. Just call toll-free 866‑332‑3342 Monday–Friday from 8 a.m. until 6 p.m. to talk with an NRS representative.

Investment Choice Profile

This quarter’s SmartTALK profiles the STRS Russell 2000® Index Choice.

The STRS Russell 2000® Index Choice invests in approximately 2000 U.S. companies selected for their small market capitalization and industry classifications. The index is reevaluated annually to remove larger companies that may distort the performance characteristics of a small-cap fund.

This investment choice is intended to closely match the performance of the Russell 2000® Index, before fees. This choice is subject to a variety of risks which can adversely affect performance. Some of these risks include stock market risk and investment style risk. Intermediate and long-term performance figures for this and all investment choices are provided on the Investment Performance Report.

Ask SmartTalk

How do I register for an online account?

You can register for your Nationwide Retirement Solutions NRS/STRS Ohio online account at nrsstrsoh.org. STRS Ohio has contracted with NRS in administering the defined contribution aspects of the STRS Ohio retirement plan options. Just click on “Login Help & Sign Up” on the top right corner of the home page and you will be directed to set up your online access. This will allow you to access your daily account balance, set allocation for future contributions, exchange existing balances from one investment choice to another, check on performance of your investment choices and more.