Whayne Supply Company has chosen Transamerica Retirement

Brighten Your Outlook
• A
bout Transamerica
Retirement Solutions
Whayne Supply Company has chosen
Transamerica Retirement Solutions as your
new retirement plan service provider.
• T ransition details
It takes planning to achieve your retirement goals. You can be retirement
Information ahead
• F und information
• P
lan changes
ready—if you stay proactive and do your best to save as much as you can.
Transamerica Retirement Solutions, your new plan service provider, has
• A
fter the transition
• G
et retirement ready
• W
here to go for
more information
the tools and resources to help you get retirement ready.
Here’s what you need to know.
About Transamerica Retirement Solutions
After careful research, your employer chose Transamerica Retirement Solutions to become
your plan’s new service provider starting December 1, 2013.
Transamerica Retirement Solutions is a full-service retirement plan provider who has worked
with retirement plans for more than 75 years, helping people save and invest wisely through their
employer-sponsored plans. Today, over three million employees working for organizations across
America invest their retirement assets through us. No matter what kind of investor you are, we can
simplify your retirement planning with the expertise and resources you need to reach your
retirement savings goals.
Transition details
When does my plan move to Transamerica Retirement Solutions?
Plan assets and records will transfer to Transamerica Retirement Solutions on December 2, 2013.
Your first contribution to Transamerica Retirement Solutions will be taken from your
November 26, 2013 pay check.
Whayne Supply Company
Thrift and Savings Plan
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How will the transition work?
The transition to Transamerica Retirement Solutions will be as easy as possible for you, and
you’ll continue saving for retirement without interruption. Your current savings rate, investment
options, assets, and any outstanding loans will all automatically transfer to Transamerica
Retirement Solutions.
Can I access my account during the transition?
No. To ensure that plan assets and records transfer accurately and in a timely manner, there will
be a “blackout period” during which you will not be able to access either your current account with
PNC or your new one with Transamerica Retirement Solutions. You will also be unable to initiate any
transactions such as investment transfers, withdrawals, or loans. For this reason, you should carefully
review the appropriateness, balance, and diversification of your investments since you won’t be able
to make changes to your account during the blackout period.
Blackout Period
4:00 p.m. ET on November 14, 2013
Last day to apply for a loan with PNC.
4:00 p.m. ET on November 15, 2013
Last day to submit distribution paperwork to PNC.
4:00 p.m. ET on November 16, 2013
Last day to make allocation and fund changes with PNC.
The blackout period is expected to be over the week ending December 20, 2013.
At that time you can begin accessing your account at whayne.trsretire.com.
Your account at PNC will be liquidated on November 29, 2013, and then transferred to Transamerica
Retirement Solutions on December 2, 2013. While this means that your account will not be invested
on the day it transfers to Transamerica Retirement Solutions, it will remain fully invested the
remainder of the time, and you will continue to be credited with any investment gains (and debited
with any losses) that may apply.
Designate a new beneficiary
The beneficiary election you made at PNC will not transfer to Transamerica
Retirement Solutions. Because it’s important to distribute your account
the way you choose in the event of your death, you should designate a
new beneficiary with Transamerica Retirement Solutions. To do so, sign
in at whayne.trsretire.com once the transition is over. You might need
spousal consent if you have designated a primary beneficiary other than
your spouse.
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What if I receive recurring payments from the plan?
PNC will provide Transamerica Retirement Solutions with your payment information, and your
payments will continue once the transition is complete. If you are scheduled to receive a payment
during the blackout period, Transamerica Retirement Solutions will send it after the blackout period
ends. If you need to receive it sooner, contact PNC before 4:00 p.m. ET on November 15, 2013.
Fund information
Will my funds change?
Your employer has chosen to revise your plan’s fund lineup. If you invest in any of the funds being
replaced, those assets and ongoing contributions will be automatically transferred to the appropriate
replacements, which are similar to the original funds in their investment objectives and composition.
You should have already received a notice with more details about this process. If you’d like another
copy, visit whayne.trsretire.com.
Plan changes
Roth contributions and voluntary after-tax
We’re pleased to announce that the plan will allow you to make Roth contributions effective with
the transition to Transamerica Retirement Solutions. Roth is a retirement planning feature that
allows you to designate all or part of your contributions as after‐tax (compared to traditional 401(k)
contributions which are pretax). By making Roth contributions, you can diversify your tax risk and
potentially enhance your after‐tax savings in retirement. Roth contributions are made on an after‐tax
basis, and the earnings accumulate on a tax‐deferred basis. Distributions are tax‐free as long as they
occur more than five years after your first Roth contribution was made (four full years plus the year
of your first Roth contribution) and you are at least age 59½ (waived in the event of your disability or
death). This is called a “qualified distribution.”
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Effective January 1, 2014, the plan will no longer permit voluntary after-tax contributions. Any
voluntary after-tax contributions in your account will remain invested, and your voluntary after-tax
contribution rate will be lowered to zero. Please visit whayne.trsretire.com after the blackout period
is over if you need to adjust your pretax or Roth contribution rates.
Employer match
Effective January 1, 2014, the employer matching contribution will be 100% on the first 1% of pay
and 50% on the next 5% of pay. If you wish to receive the full 3.5% employer match, you must
contribute at least 6% of your pay. Please note that if a discretionary match contribution is elected
by Whayne Supply Company for 2013, it will be determined and deposited in the first quarter of 2014
as in the past.
Matching contributions are subject to plan vesting requirements. Descriptions of plan features and
benefits are subject to the plan document, which will govern in the event of any inconsistencies.
Automatic increase service
Do you want to increase how much you save, but don’t feel like you can afford it? You’re not alone,
which is why the plan will add an auto-increase feature on January 1, 2014. This means that if
you are currently enrolled in the plan and save 3% or less of your pay, your contribution rate will
automatically increase by 1% every year (up to a maximum of 10%) on January 1, beginning in 2015.
These small, regular increases to your contribution amount can really add up over time—and boost
your retirement savings—without having a significant impact on your take-home pay.
If you don’t want to use the auto-increase service, sign in at whayne.trsretire.com any time after the
blackout period is over (or prior to the next year’s increase) and make a change to your contribution
amount. Once you do, your contributions will no longer be automatically increased each year.
You should evaluate your ability to continue the auto-increase service in the event of a prolonged
market decline, unexpected expenses, or an unforeseeable emergency.
Loans
Effective January 1, 2014, the plan will permit residential loans for a period of up to 10 years. While a
loan provides access to your account, you’ll want to consider how taking one could affect your
long-term retirement goals. For more information, sign in at whayne.trsretire.com after the blackout
period ends.
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After the transition
When can I access my account?
The blackout period and transition should be over the week ending December 20, 2013. At that time
you can start managing your account at whayne.trsretire.com.
Will I receive account statements?
Yes. You will receive statements from both Transamerica Retirement Solutions and PNC to confirm
that the transition is complete. Transamerica Retirement Solutions will then send you an account
activity statement each quarter. Also, you can save paper by signing up for e-documents: automatic
email alerts when your statements and other account-related materials are available online.
Get retirement ready
1. Designate a new beneficiary.
2. Use the OnTrack® tool to see where you stand on the road to readiness.
3. Make sure you’re saving enough (and consider saving more if you can).
4. Review your investing strategy.
Once the transition is over, sign in at whayne.trsretire.com to see if you’re on target toward
reaching your retirement savings goals. Not sure if you’re on target? Transamerica Retirement
Solutions has the tools and services to help you get there.
Important: The projections or other information generated by the OnTrack® tool regarding the likelihood of
various investment outcomes are hypothetical in nature, do not reflect actual investment results, and are not
guarantees of future results. Results derived from the OnTrack tool may vary with each use and over time.Please
visit whayne.trsretire.com for more information regarding the criteria and methodology used, the tool’s limitations
and key assumptions, and other important information.
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Meet with Transamerica Retirement Solutions
To learn more about Transamerica Retirement Solutions and how we can help you meet your
retirement savings goals, please attend an upcoming educational meeting. Meetings will be held
in January; you’ll receive a complete schedule soon.
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Where to go for more information
PNC
No action is required at PNC, but you can contact them
retirementdirections.com
to check your account balance and make any changes
800-374-4631
before the transition.
Transamerica Retirement Solutions
Visit us online during the transition to find out how the
whayne.trsretire.com
move works. Keep in mind that we won’t have specific
information about your account until the transition
is over.
Then, once the transition is over, sign in to check your
balance, manage your account, initiate transactions
and more.
Securities offered by Transamerica Investors Securities Corporation (TISC), 440 Mamaroneck Avenue, Harrison, NY
10528. Whayne Supply Company has selected Transamerica Retirement Solutions as your retirement plan provider,
but there are no other affiliations between Whayne Supply Company and Transamerica Retirement Solutions or its
affiliate, TISC.
whayne.trsretire.com
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presorted
first-class mail
us postage paid
white plains, ny
Permit #212
440 Mamaroneck Avenue
Harrison, NY 10528
5542-PT_NL_WSC (11/13)
© 2013 Transamerica Retirement Solutions Corporation
Brighten Your Outlook
Inside: your retirement plan transition –
what you need to know
Whayne Supply Company
Thrift and Savings Plan
SM