Automatic Online Statements for UCRP

Starting first-quarter 2014, the UC Retirement Savings Program will automatically provide online quarterly statements (via NetBenefits) to all participants who have not currently elected paper statements.

There are about 300,000 participants who receive quarterly paper account statements because current UC policy defaults to this option, paper via U.S. mail, if no intentional election is made. More than 56% of participants have elected to receive their statements online. Going forward, the UC policy will be to default to online statements.

Online access not only saves trees, and money, but allows participant to have an enhanced experience online via NetBenefits where they can customize, view and print their statements at anytime.

Included in the fourth-quarter 2013 paper-statement mailing (about 130,000) will be a special notice informing participants of this new online service. All participants will be given the opportunity to elect paper statements at any time via the phone or online at NetBenefits. If the participant has already elected paper statements, they will continue receiving paper statements until they actually elect the online option.

All participants receiving online statements receive quarterly reminders via email, as well as an annual Notice of Statement Availability (NOSA). Those who do not have a valid email address on file will receive a paper copy of the NOSA notice.

If you have any questions, please contact Fidelity Retirement Services at 1-866-682-7787.

 

Campus Human Resources, Benefits Services
Phone: (310) 794-0830 | Fax: (310) 794-0835