Notice About Nonpublic Personal Financial Information
WEA Member Benefits retirement programs exist to develop and deliver quality 403(b) and IRA services and provide access to quality investments. When you choose to participate in our programs, you provide personal financial information by completing a variety of forms. The information may include your:
- Name and address.
- Social Security number.
- Account balances.
- Contribution history.
- Employment history.
- Account information from other institutions.
To Whom May We Disclose Information
Protection of your nonpublic personal financial information is very important to us. We do not sell any of your information to anyone. We do not disclose nonpublic personal financial information about you to affiliated or nonaffiliated third parties except as permitted by law. For example, we provide some information to third parties to facilitate our administrative services and distribution of materials to you. Those third parties are prohibited by contract from using the information for any other purpose. We provide information to others when it is necessary to do so to respond to your requests, such as a transfer of funds to or from another company. There may also be occasions when we are required by law to share your information, such as responding to a valid subpoena or to a qualified domestic relations order.
Automated Service Protection
Our concern for the privacy of your personal information is reflected on our website and our automated yourMONEY™ phone access line. Our website uses industry standard security for online communications, including data encryption, Secure Sockets Layer protocol, and user ID and password. Phone access requires both your Social Security number and a PIN to access personal account information. The security measures of these technologies provide a high level of security and privacy when you access your account information and initiate online transactions.
Access To and Protection Of Information
We limit access to your personal information to our employees who use the information to provide services to you. We maintain security standards to protect your information from the public. We apply these standards to all telephone, written, or in-person requests for information to protect your personal information.
The content provided by WEA Member Benefits is for informational purposes only and is not intended to constitute individualized investment, legal, financial, or tax advice. Certain recommendations or guidelines may not be appropriate for everyone. Consult your personal advisor or attorney for advice specific to your unique circumstances before taking action.
Family members, including your spouse or domestic partner, children and their spouses, parents, and parents-in-law, may also be eligible to participate in many of our programs. Restrictions may apply. Certain state residency required.
We operate as a trust which reinvests any profits back into programs that benefit participants.
When providing a testimonial, the individual’s experience is their own and is not a guarantee of future results for all clients. No compensation was provided for this opinion. Individual is a current client of WEA Financial Advisors, Inc. at the time of their statement.
The 403(b) retirement program is offered by the WEA TSA Trust. TSA and IRA program registered representatives are licensed through WEA Investment Services, Inc., member FINRA. Check the background of this firm and our investment professionals on FINRA’s BrokerCheck.
Securities offered through WEA Investment Services, Inc, member FINRA.
If you choose to invest in the WEA Tax Sheltered Annuity or WEA Member Benefits IRA program, fees will apply. Consider all expenses before investing.
Be sure to consider all your available options and the applicable fees and features of each option before moving your retirement assets.
The Trustee Custodian for the WEA Member Benefits IRA accounts is Newport Trust Company. Certain state residency required.
Keep in mind that mutual fund investments are not guaranteed and may gain or lose value. Past performance is no guarantee for future results. Future performance may be lower or higher than past performance.
Before investing in any mutual fund, visit weabenefits.com/investments to view a prospectus or call WEA Member Benefits at 1-800-279-4030 to request one. We advise you to read it carefully and consider the fund’s investment objectives, risks, and charges and expenses carefully before investing. The prospectus contains this and other information about the investment company.
Minimum annual fee of $25 for inactive accounts. Inactive accounts are accounts with no contributions within a calendar year.
Target retirement funds invest in a mix of stock and bond funds that steadily become more conservative as they approach their target date. The principal value of a target retirement fund is not guaranteed and may gain or lose value now and after its target date.
The Trustee Custodian for the Personal Investment Accounts is Mid Atlantic Trust Company. The Personal Investment Account Program is offered by WEA Financial Advisors, Inc., an SEC registered investment advisor.
The reported performance of the models is hypothetical yet based on actual performance of the underlying mutual funds and their corresponding weightings. The performance data on the underlying funds was derived from Morningstar®, an independent third party. The illustration does not reflect the actual performance of individual investors in the models. Investment models are not FDIC-insured, and they are not bank-guaranteed. Investment models may lose value. Past performance is no guarantee of future results. Model performance returns illustrate the relationship between risk and reward. The WEA Member Benefits model portfolios are risk-based. The more conservative the underlying asset weightings are, the lower the expected rate of return. Because of market changes, the makeup of your actual account portfolio will not exactly match the model portfolio. We may perform periodic adjustments of the model portfolio investments and rebalancing of your account to more closely match the model portfolio you select.
Model portfolios are developed by WEA Financial Advisors, Inc., (WEA FA) under the oversight of the WEA Member Benefits Investment Committee. Model portfolios may be adjusted at the discretion of WEA FA and the Investment Committee with prior notice to you. From time-to-time there may be extraordinary situations that will warrant more scrutiny when making adjustments. An example is the market downturn in October 2008. Although WEA FA carefully evaluates the makeup of the portfolios on a regular basis, we make no representation regarding the likelihood or probability that any or all of the portfolios will in fact achieve a particular investment goal or fulfill the risk tolerance profile as described for each portfolio. As a self-directed investor, you should carefully consider the merit and appropriateness of the available investments under your district’s retirement plan in light of your own personal financial circumstances, including your other assets, income, investments, and/or cash flow needs.
Re-Assess Your Investment Needs Regularly
Because your needs, goals, portfolio, and situation may change over time, be sure to re-evaluate your investment strategy at least once a year. You can always choose a different model or create your own mix. Redemption fees may apply. When participating in a WEA Member Benefits model portfolio, you must complete the Investor Suitability Profile Questionnaire every three years. If you do not complete the Investor Suitability Profile Questionnaire, you may not be invested appropriately for your risk tolerance.
Guaranteed Stable Investment
Interest is compounded daily to produce a yield net of Empower’s administrative fee of 0.60%. Empower Annuity Insurance Company (EAIC) is compensated in connection with this product by deducting an amount for investment expenses and risk from the investment experience of certain assets held in EAIC’s general account.
All earnings on investments are credited gross of 403(b) and IRA program fees.
The Guaranteed Stable Investment Fund is a group annuity insurance product issued by EAIC. Amounts contributed to the contract are deposited in EAIC’s general account. Payment obligations and the fulfillment of any guarantees specified in the group annuity contract are insurance claims supported by the full faith and credit of EAIC. EAIC periodically resets the interest rate credited on contract balances, subject to a minimum rate specified in the group annuity contract and subject to change. Past interest rates are not indicative of future rates. Participant Level Protections (PLPs) are in place to help preserve the guarantee of the fund. PLPs may limit your ability to withdraw funds from the fund. For more information on the PLPs and how it may affect your account, please call Retirement and Investment Services at 1-800-279-4030, Extension 8568.
Property and casualty insurance programs are underwritten by WEA Property & Casualty Insurance Company. The terms and conditions of your coverage are exclusively controlled by your written policy. Please refer to your policy for details. Certain policy exclusions and limitations may apply.
Flood insurance offered through the National Flood Insurance Program and underwritten by Bankers Insurance Company.
The life insurance program is offered and administered by Associates of Clifton Park. Life insurance products are underwritten by multiple life insurance carriers.
Haven Simple is not available to residents in NY, DE, ND, and SD.
It’s important to be honest in the application process. The issuance of the policy or payment of benefits may depend upon the truthfulness of answers you give in the application.
WEA Member Benefits members can purchase a low-cost Haven Simple or Haven Term policy either directly through Member Benefits’ website or via agents at the Associates of Clifton Park. In many cases, policies can be purchased without the need for a medical exam.
Haven Term is a Term Life Insurance Policy (ICC21 HAVEN TERM in certain states, including NC; HAVEN TERM CA21 in California) issued by C.M. Life Insurance Company (C.M. Life), Enfield, CT 06082. In New York (DTC-NY) and in other states it is issued by Massachusetts Mutual Life Insurance Company (MassMutual), Springfield, MA 01111-0001.
Haven Simple is a Simplified Issue Term Life Insurance Policy (ICC20 HAVEN SIMPLE in certain states, including NC; HAVEN SIMPLE CA20 in California). It is issued by C.M. Life Insurance Company, Enfield, CT 06082.
The long-term care insurance program is administered by Associates of Clifton Park. Long-term care (LTC) insurance products are underwritten by multiple LTC insurers.
The Equipment Breakdown program is administered by Mutual Boiler Re.
Financial Planning Services
All advisory services are offered through WEA Financial Advisors, Inc., an SEC registered investment advisor.
Financial planning consultations: Some consultations may be free, call us for details. However, if you choose to invest in the WEA Tax Sheltered Annuity, WEA Member Benefits IRA, or WEA Member Benefits Personal Investment Account programs, fees will apply. Consider all expenses before investing. Must meet eligibility rules to participate. Certain state residency required.
All other financial planning services: Fee-based service. Must meet eligibility rules to participate. Family members may also be eligible. Call for details. Wisconsin residency required. Fees and services subject to change. Terms controlled by signed service agreement.
- Portfolio Analysis and Retirement Income Projection: WEA Tax Sheltered Annuity Trust participants are eligible for a discount. Call for details.
- Retirement Income Analysis: WEAC members receive a discount. WEA Tax Sheltered Annuity Trust participants may be eligible for a discount. Call for details.
Seminars are free to attend; however, if you choose to invest in the WEA Tax Sheltered Annuity or WEA Member Benefits IRA program, fees will apply. Consider all expenses before investing.
Client Relationship Summary
WEA Investment Services, Inc., (WEA IS) is registered with the Securities and Exchange Commission (SEC) as a broker-dealer and is a member of the Financial Industry Regulatory Authority (FINRA). WEA Financial Advisors, Inc., (WEA FA) is an SEC-registered investment advisor. Both WEA IS and WEA FA are subsidiaries of the WEA Member Benefit Trust. WEA IS and WEA FA together are referred to as “we,” “our,” and “us.” Brokerage services and investment advisory services and fees differ, and it is important for you to understand these differences. Free and simple tools are available to research firms and financial professionals at Investor.gov/CRS, which also provides educational materials about broker-dealers, investment advisers, and investing.
To contact us or update your personal information:
WEA Member Benefits
660 John Nolen Drive
Madison, WI 53713