Choice 401(k) Plan Fund Transfers and Future Investment Election Changes

When you move money or make fund allocations in your Choice 401(k) Plan account, changing current funds and future funds requires two separate actions. Transferring your current funds between investments is one transaction. Allocating where you want future contributions to go is another transaction. They are separate because some people only want to do one or the other.

Example: If you now have $1,000 in the PERSI Total Return Fund (TRF), but want to invest 50% in the TRF and 50% in the SEI Stable Value Fund, and also want future contributions to go in both funds, you must do two things. You must do a Fund Transfer of the current funds, and an Investment Election for future contributions.

Fund Transfers of Current Investments

  1. Go to "My Choice Plan Account."
  2. Enter your Social Security Number and PIN.
  3. Click on "Transactions" on the left side of the screen.
  4. Read the "Transactions/Importance Notice." Note that by choosing a transaction you are indicating that you understand and agree with the notice.
  5. Under "Transfer From" is a drop down box from which you may choose which fund(s) you want to transfer funds out of. Select a fund. Right below it, your "Available Balance" in that fund will appear. In the "Amount" box, enter the percent you want to transfer out (1 - 100%).
  6. Under "Transfer To" is a list of the all the investments available. In the "Percent" column enter the percent of the above you want in the different funds. This must total 100%. Example: if you are transferring 30% out of the SEI fund, and want half of that 30% in the PERSI TRF and half in the Brandes Fund, enter 50% for TRF and 50% for Brandes, not 15% for each.
  7. Repeat steps 5 and 6 for each fund you want to transfer funds out of.
  8. Click "Submit."
  9. A window will appear that says "Acknowledgment of Fund Transfer." Click "Confirm." A box will pop up stating that your transaction has been completed. Click "OK." A "Confirmation of Fund Transfer" will appear that you may print. ACS HR Solutions will also mail you the confirmation number. Your transactions become "pending transactions." You are done.
  10. If you want to cancel a request you entered, but have not yet submitted, click "Cancel."
  11. If you wish, you may still change or delete this transaction until the date/time stated by clicking "Delete."

Investment Election for Future Contributions

  1. Go to "My Choice Plan Account."
  2. Enter your Social Security Number and PIN.
  3. Click on "Transactions" on the left side of the screen.
  4. Read the "Transactions/Importance Notice." Note that by choosing a transaction you are indicating that you understand and agree with the notice.
  5. Under the "Transactions" listed, select "Investment Election" which refers to future contributions. A window will appear that says "Selection of Investment Election."
  6. Do the following steps for each fund you want to transfer money from:
  7. Go through the list of Fund Names and in the "Enter Your Election %" column, enter the percent you want invested in each fund(s). The column must total 100%. The "Current %" column shows you how you are currently invested.
  8. Click "Submit."
  9. A window will appear that says "Acknowledgment of Investment Election. Click "Confirm." A box will pop up stating that your transaction has been completed. Click "OK."A "Confirmation of Investment Election" will appear that you may print. ACS HR Solutions will also mail you the confirmation number. Your transactions become "pending transactions." You are done.
  10. If you want to cancel a request you entered, but have not yet submitted, click "Cancel."
  11. If you wish, you may still change or delete this transaction until the date/time stated by clicking "Delete."

You may also transfer funds or change your allocation for future contributions by calling a Mellon Representative toll-free 1-866-ID-PERSI from 7 a.m. to 6 p.m. Mountain Standard Time.

Forgot your PIN (Personal Identification Number)? ACS HR Solutions, the plan’s record keeper, will send you a PIN Reminder Letter. To request one, just call a customer service representative at 1-866-437-3774 or go online at http://www.persi.idaho.gov to submit your request for a PIN Reminder Letter. ACS HR Solutions will mail that to your home address.
Please note it will be in an envelope from ACS HR Solutions rather than one with a PERSI return address.

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