You’ve worked hard to save your money in

your company’s retirement plan. Now that

you’re leaving, you need to decide what to do

with your savings. You have a lot of options.

But unless you plan on retiring very soon,

you should try to protect these savings for

your future.

Knowing the differences among your options

and particularly the tax implications of each

is critical. This guide will help you understand

your options and the pros and cons that

accompany each choice.

>>> Decision-making support when you leave your job

Personal Finance CenterCall the Aon Benefits Resource Center at

1-855-625-5500 or visit the Your Benefits Resources website at www.resources.hewitt.com/aon

Personal Finance CenterCall the Aon Benefits Resource Center at

1-855-625-5500 or visit the Your Benefits Resources website at www.resources.hewitt.com/aon

>>> Support from the Personal Finance Center

Call the Aon Benefits Resource Center at 1-855-625-5500 or visit the Your Benefits Resources

website at www.resources.hewitt.com/aon

Don’t miss the opportunity to make the most of the

money you’ve worked so hard to save all these years.

It won’t cost you anything, and it might make a real

difference to your personal finances and your future.

Now that you know your options, here’s how the Personal Finance Center (PFC) can help you choose what’s best for you:

Personal attention. Our Investment Advisors take the time to understand your needs, explain your options, and help you navigate difficult financial decisions. Not only can they answer your questions, but they can also help you narrow down your options.

Objective guidance and education. Whether you’re a do-it-yourself investor who wants a second opinion or simply wants to learn more about personal finance matters, the PFC has the resources you need, including interactive tools, videos, online articles and access to Investment Advisors.

Hewitt AdvisorConnection is a trademark of Hewitt Associates LLC.

Income Solutions Delivered by Hewitt is a registered trademark of Hueler Companies.

Brokerage services are offered by Hewitt Financial Services LLC (HFS), a broker dealer, Member FINRA, SIPC.

Advisory services are offered by Aon Hewitt Financial Advisors LLC (AFA), an SEC registered investment advisor. SEC registration does not imply a certain level of skill or training.

Your Benefits Resources is a trademark of Hewitt Associates LLC.

Both HFS and AFA are wholly-owned subsidiaries of Hewitt Associates. No investment or legal advice is offered or given through the PFC Web site or services. You should consult with your personal financial advisor before making any financial decisions. Some of the providers mentioned pay a fee to Hewitt Associates or Hewitt Financial Services LLC for facilitating referrals and/or the account opening process. These fees are paid directly by the providers and will not result in any additional fees being charged to you by the provider. Neither your employer, plan sponsor, nor Hewitt endorses these providers or their policies, products, services, or activities offered through this Web site. By providing access to the PFC, neither your employer nor plan sponsor has made a recommendation, suggestion, representation, or statement that the products, services, or information provided through the use of this service are superior to or preferred to any other providers or are limiting your access to other providers. Any charts included are for illustrative purposes only and do not imply that your actual investments will provide this return.

It is important to read the program description or a prospectus before investing or sending money, as these documents contain more complete information regarding management fees, risks, and expenses. For more information, please contact the Hewitt Personal Finance Center by calling the Aon Benefits Resource Center at 1-855-625-5500.

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The Personal Finance Center can help.

Your company makes the Personal Finance Center

available to support your decision making with

financial education, guidance, and cost-saving

investment solutions.

What will you do with your retirement plan savings?

>>>YOU’RE MOVING ON.

Personal Finance Center

>>>Personal Finance Center

Personal Finance CenterCall the Aon Benefits Resource Center at 1-855-625-5500 or visit the Your Benefits ResourcesTM website at www.resources.hewitt.com/aon

>>>

What’s inside:

Rolling over? Here’s a fast and easy way to do it ................3

Your options at a glance ......................................4

Save or spend? Considerations to help you decide .................5

OPTION PROS CONS ACTION STEPS

Leave savings in your current plan

• No current income taxes on your savings, which could result in faster growth

• No early withdrawal penalties• Access to investment options that

may have a lower cost• Access to professional management

and online Advice offered through Aon Hewitt Financial Advisors

• Plan may require a minimum account balance

• Investment options are limited to those offered by the current plan

• You may have limited withdrawal options

• No action is required so long as your account balance meets your plan minimum

• Contact the Personal Finance Center by calling the Aon Benefits Resource Center at 1-855-625-5500 to discuss the pros and cons of this option

Move current plan savings into a new employer’s plan

• No current income taxes on your savings, which could result in faster growth

• No early withdrawal penalties• Plan may allow loans and/or

hardship withdrawals

• Investment options are limited to those the new employer’s plan offers

• You may have limited loan and withdrawal options

• Contact your new employer to determine whether its plan accepts rollovers and to get instructions on how to move your money

• Log on to the Your Benefits Resources website and click on Rollover to request payment and input payment instructions

Roll over plan savings into an IRA

• No current income taxes on your savings, which could result in faster growth

• No early withdrawal penalties• Wide array of investment options• More flexible withdrawal options for

such items as educational expenses and first-time home purchase needs

• Ability to consolidate money from other employers’ plans into one account

• No access to investment options offered exclusively for your current plan

• May be some costs associated with taking money out of an IRA

• May be commissions and/or fees associated with buying and selling investments

• Contact the Personal Finance Center by calling the Aon Benefits Resource Center at 1-855-625-5500 for assistance in using the Rollover Center

• Log on to the Your Benefits Resources website and click on Rollover to access the Rollover Center

Take withdrawals (distributions) from your savings in:

• One lump sum• Small amounts over

time, as needed• The amount you need to

spend, and roll over the rest into an IRA or other employer’s plan

• Funds immediate income needs• Offers possible tax and estate

advantages depending on your current financial situation

• Lose tax-deferred growth on savings• Pay current income taxes on the

taxable portion withdrawn• Forfeit 20% of withdrawal amount to

mandatory federal withholding• Incur possible 10% early withdrawal

penalty if you’re under age 59 ½• Savings can’t be rolled over into an

IRA or another employer’s plan after 60 days

• Log on to the Your Benefits Resources website or call the Aon Benefits Resource Center at 1-855-625-5500 to request a withdrawal

Rollover all or a portion of your savings and use it to purchase an immediate annuity

• Guaranteed income stream for retirement

• No immediate taxes or withdrawal penalties

• Preserves tax-deferred growth

• Income payments from an annuity are taxable

• Less control over your savings since the insurance company is in charge of distributing your assets in the form of annuity payments

• Hefty surrender charges if you withdraw money from the annuity before a certain time period

• Savings used to purchase the annuity may not be available to your heirs when you die

• Contact the Personal Finance Center by calling the Aon Benefits Resource Center at 1-855-625-5500 to learn more about your annuity options and receive a free quote; through the PFC, you can use the Income Solutions service that allows you to compare immediate fixed annuities from multiple insurance companies at institutional prices

YOUR OPTIONS AT A GLANCE

So, choosing to keep your savings growing tax deferred rather than cashing out could mean a $25,764 difference to your future.

The assumed vested balance is for illustrative purposes and will differ from your actual vested balance in your plan.

Assumes a tax rate of 25%. If you are under age 59½, taking a distribution might result in a 10% early withdrawal penalty. In some cases, you may be able to take a total distribution without incurring the 10% early withdrawal penalty. Consult a tax advisor. The “cash out” column shows your money’s growth with an after-tax equivalent rate of return. This is calculated by using the rate of return assumed in the tax-deferred account (8%) and reducing it by 25% for taxes. The “keep savings tax deferred” column shows your money’s growth with a tax-deferred rate of return. Your results may vary.

Before you decide what to do with your money, consider that you’ve been saving for a more financially secure future. If you cash out of your plan and choose not to reinvest your money, you not only lose valuable tax savings, but you also risk having less to live on in retirement.

>>> Save or spend? Considerations to help you decide

>>> Rolling over? Here’s a fast and easy way to do it

3 4 5

American Century Investments

Charles Schwab

E*trade Financial

Fidelity

Merrill Lynch

The IRA providers available through the Rollover Center include:

The Rollover Center gives you access to leading IRA providers who can set up your account:

Simply. A step-by-step process makes it easy to open and fund your new IRA right online or roll over retirement savings into another employer’s plan or an existing IRA.

Quickly. The instant online application process helps you avoid paperwork and opens your new IRA, depending on the provider, in as little as 48 hours.

Securely. You don’t have to send a check in the mail; instead, your retirement savings are transferred electronically for most providers.

Morgan Stanley Smith Barney

Scottrade

TD Ameritrade

T.Rowe Price

Please note: You can roll over your retirement savings into a new or existing IRA outside this provider network.

To learn more about the Rollover Center and the options available to you: Log on to the Your Benefits Resources website. Then click on Rollover to access the platform and view your options.

Call the Aon Benefits Resource Center at 1-855-625-5500 or visit the Your Benefits Resources

website at www.resources.hewitt.com/aon

*

Starting account balance

$10,000 vested $10,000 vested

Taxes withheld

$2,000 (20% at withdrawal)

$0

Additional taxes

$500 (Due at tax time)

$0

Early withdrawal penalty

$1,000 (10% if applicable)

$0

Total owed to IRS

$3,500 $0

Balance after taxes & penalties

$6,500 $10,000

Projected account value in 20 years

$20,846Assuming the balance is reinvested in a taxable account earning an after-tax investment return of 6%*

$46,610Assuming the balance is reinvested in a tax-deferred account earning an after-tax investment return of 8%*

TAKE A LOOK: CASH OUT KEEP SAVINGS TAX DEFERRED