Vanguard Managed Account Program

If you prefer to have some professional help in managing your Plan investments, consider enrolling in the Vanguard Managed Account Program, powered by Edelman Financial Engines. When you enroll in the program, a team of investment advisors will select the best mix of funds for you from options available in the Plan. The team uses sophisticated financial models and the latest research to create your investment strategy. You’ll receive clear, objective, personalized advice—and know that professionals are making changes to your Plan and monitoring your retirement investments.

You’ll be able to review your personalized investment strategy before it is implemented. If you’re happy with it, do nothing and your assets will be shifted automatically within your account. If you prefer, you can further personalize your Plan by changing your retirement age, risk preferences, and Company stock allocation (if applicable), or by adding other investments to be taken into consideration when your recommendations are implemented.

Once your investment direction is set, the management team will also make mid-course adjustments to help keep your portfolio properly diversified and on track for your retirement goal. Keep in mind, however, that diversifying means having different types of investments. It doesn't guarantee you'll make a profit or that you won't lose money.

Each quarter, you’ll receive a Progress Report showing your account balance, an estimate of the value of your account when you retire, and any adjustments that have been made in your holdings to help keep your investments headed in the right direction.

The Managed Account Program’s maximum fee is 0.40% of your account balance. The minimum fee is $60 per year. If you have $15,000 in your account, for example, you can receive professional money management for $5 a month. Because of the minimum fee, the service is most appropriate for employees who have at least $15,000 in their Plan account.

To enroll in the Managed Account Program or to get more information, log in to your account or call 800-310-9228 to speak with a Managed Account specialist any business day from 8:30 a.m. to 9 p.m., Eastern time.

The Vanguard Group has partnered with Financial Engines Advisors L.L.C. (FEA) to provide subadvisory services to the Vanguard Managed Account Program. FEA is an independent, federally registered investment advisor that does not sell investments or receive commission for the investments it recommends with respect to the services which it is engaged in as subadvisor for Vanguard Advisers, Inc. (VAI). Advice is provided by Vanguard Advisers, Inc. (VAI), a federally registered investment advisor and an affiliate of The Vanguard Group, Inc. (Vanguard). Vanguard is owned by the Vanguard Funds, which are distributed by Vanguard Marketing Corporation, a registered broker-dealer affiliated with VAI and Vanguard. Neither Vanguard, FEA, nor their respective affiliates guarantee future results. Vanguard will use your information in accordance with Vanguard’s Privacy Policy.

Edelman Financial Engines® is a registered trademark of Edelman Financial Engines, L.L.C. All rights reserved. Used with permission.