Nestlé regularly reviews the Savings Plan* investment fund options and account features to keep the plans competitive and cost-efficient and also try to ensure they meet the diverse needs of our employees.
To help you achieve your retirement goals, Nestlé has decided to make important changes to the Savings Plan. A new simplified fund lineup and an enhanced professional investment advice service will be available to you effective July 2, 2012. We believe these changes will streamline your investment decision process and give you new tools with which to manage your retirement savings. No action is required at this time. Click on the links to the left to learn more, and begin thinking about whether you should make any changes of your own.
Detailed information about the Savings Plan changes will be mailed to your home address in May. Please advise the Nestlé HR Service Center if your address has changed.
*”Savings Plan” and “Nestlé Smart$aving Program” refer to the Nestlé 401(k) Savings Plan, the Nestlé USA, Inc. Hourly Retirement Savings Plan, and the Nestlé USA C&S Savings Plan.
Ten new Target Date Funds are replacing the four risk-based Pre-set Portfolios. If you don’t have the time or desire to manage your own investments, each Target Date Fund offers a simple but effective “one-stop” solution. Each fund includes a diverse investment mix that is periodically rebalanced so that it maintains the proper asset mix. It also gradually becomes more conservative over time as the fund approaches its target year. Consider a Target Date Fund with the date closest to the year you plan to retire and begin withdrawing assets from the Savings Plan.
Detailed information about your Target Date Fund options will be mailed to your home address in May. No action is required at this time.
We are replacing our current Core and Active Funds with a simplified menu of six new Core Funds to reduce overlap and streamline your decision process. If you are an active, experienced investor, investing in a mix of the new Core Funds may be a good option. The new lineup will include:
The Mutual Fund Window will remain an investment choice under the Savings Plan and balances within it will not be impacted by the investment fund changes.
Detailed information about your new Core Fund options will be mailed to your home address in May. No action is required at this time.
A transition period is anticipated to begin at 4:00 p.m. (Eastern Time) on Friday, June 29, and end on Monday, July 2, 2012. During this period, balances currently in the Core and Active Funds—and any future contributions—will be transferred to new funds with similar characteristics. Balances in the Pre-set Portfolios—and any future contributions—will be transferred to the appropriate Target Date Fund based on your date of birth on file. This process is called mapping. You will be provided with more detailed information in May so you can assess your situation and determine if you want to make any changes to your Savings Plan investments as well as your contribution rate.
Transition timeline and mapping will be mailed to your home address in May. No action is required at this time.
Nestlé currently offers Personal Online Advisor (formerly called Online Advice), powered by Financial Engines,® to provide you with personalized, professional investment advice for your Savings Plan account. In July, Nestlé will add an expanded investment advice service, Professional Account Manager, also powered by Financial Engines. A team of professionals will use financial models and the latest research to create a customized investment strategy based on your retirement horizon and financial profile. You can receive:
The Professional Account Manager service will be available for an additional fee.
Detailed information about Professional Account Manager, as well as the fees and instructions on how to enroll in this program, will be mailed to your home address in May. No action is required at this time.
Advisory Services provided by ING Investment Advisors, L.L.C. (ING). Plan administrative services provided by ING Institutional Plan Services, L.L.C. Both are members of the ING family of Companies.
Advisory Services provided by ING Investment Advisors, L.L.C. for which Financial Engines® Advisors, L.L.C. acts as sub advisor. ING Investment Advisors does not give tax or legal advice. If you need tax advice, consult your accountant or lawyer, if you need legal advice, consult your lawyer. For more information about the ING Advisor Service, please read the ING Investment Advisor Disclosure Statement that will be available through the Nestlé Savings Plan in July. Financial Engines® Advisors, L.L.C. is not a corporate affiliate of ING Investment Advisors, L.L.C. or ING Institutional Plan Services, L.L.C. C12-0305-008R (3/12)
Building your personal retirement savings is critical. The Nestlé Smart$aving Program makes it easy, with regular payroll deductions, high-quality investment options, and a wealth of resources to help you plan for your retirement, manage your Savings Plan account, and monitor your progress.
To enroll or learn more about the Savings Plan:
You will need your Social Security Number, Employee ID, or Username and password to access your account. If you have forgotten your password, click the “Forgot Your Password” link on the Nestlé Smart$aving web site or request a password reminder to be mailed to you by calling the Nestlé Smart$aving Call Center.
Detailed information about the Savings Plan changes will be mailed to your home address in May. No action is required at this time.