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Savings and Investment Plan (SIP)
The information below was provided by SRS and is also available from the
SRS Benefits web site under the SIP heading.
SRS is changing SIP 401(k) Record Keepers from Hewitt to Mercer. A mass paper mailing of this Guide was sent by SRS to all SIP participants.
There are four (4) documents, all pdf files, that relate to the change to the new SIP Record Keeper and Trustee that took place on August 2, 2010.
The first document provides questions and answers to issues related to the SIP record keeper transition from Hewitt to Mercer. Get this document by clicking on this link:
SIP Changes -- Q&A
The second document is a User's Guide that tells how to register for, and use, the new SIP website.
Get this document by clicking on this link:
SIP Online Access User's Guide
The third document is an Education Guide that explains why and how to invest in the SIP, how to select your investments in it, etc.
Get this document by clicking on this link:
SIP Education Guide
The fourth document explains the limitations on how often you can make changes in your investment allocations. For example, addressing the problem of excessive trading, the document states that "... participants will be advised that two 'round trips' in a single investment fund within any 90-day period will be considered excessive exchange activity."
Get this document by clicking on this link:
SIP Excessive Trading Procedures
Send e-mail to:
Board of Directors
US Mail: SRS Retiree Association
P.O. Box 5686
Aiken, S.C. 29804
©1998-2008
SRS Retiree Association, Inc.
Aiken SC
Revised: August 25, 2010.
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