Documente Academic
Documente Profesional
Documente Cultură
Whats Changing?
With that in mind, were excited to announce the following change to the EchoStar 401(k) Plan investment line-up, effective January 2, 2014.
T. Rowe Price Retirement Funds will replace Fidelity Freedom K Funds and will become the required default funds in case you dont make an investment election, providing diversification.
Receive a company matching contribution of 50% of the first 6% of your eligible compensation contributed to the Plan each pay period.
Be sure to:
Read this brochure for more details about these changes and how they may affect you. Review the Investment Fund Mapping and Summary to learn how your current investments will be mapped to the new investment options as of January 2, 2014. Review the tools and resources available to help you to make informed savings and investment decisions using Fidelity NetBenefits. This brochure will help you take full advantage of this opportunity by giving you more details about the investment options available to you and how they can help you make the most of your savings.
Whats Inside
Key Dates................................................... 2 Investment Fund Mapping.......................... 2 Find the Right Investment Mix................... 4 What Kind of Investor are You?.................. 5 The New EchoStar 401(k) Plan Investment Line-Up.................................... 6 Additional Tools and Resources............... 10 About Your New Investment Options........ 11
Key Dates
This chart shows how the changes could affect your account based on your current investment elections and the actions you may need to take. If you have a balance in any of the Fidelity Freedom K Funds:
Future Contributions As of January 2, 2014, you will no longer be able to make contributions to the Fidelity Freedom K Funds. Starting January 2, 2014, you can direct contributions to the T. Rowe Price Retirement Funds or any other plan investment option. If you havent changed your contribution election by January 2, 2014, 4:00 p.m. Eastern time, your contributions directed to the Fidelity Freedom K Funds will be allocated to the T. Rowe Price Retirement Funds with a target date closest to your 65th birthday. Existing Balances Starting January 2, 2014, you may transfer your existing fund balances to T. Rowe Price Retirement Funds. On January 2, 2014, any remaining balances in the Fidelity Freedom K Funds will be transferred to the T. Rowe Price Retirement Fund with a target date closest to your 65th birthday.
your fund balance and future contributions will transfer to the following investment option T. Rowe Price Retirement Income Fund Expense Ratio: 0.57% T. Rowe Price Retirement Income Fund Expense Ratio: 0.57% T. Rowe Price Retirement 2005 Fund Expense Ratio: 0.59% T. Rowe Price Retirement 2010 Fund Expense Ratio: 0.60% T. Rowe Price Retirement 2015 Fund Expense Ratio: 0.65% T. Rowe Price Retirement 2020 Fund Expense Ratio: 0.69% T. Rowe Price Retirement 2025 Fund Expense Ratio: 0.72% T. Rowe Price Retirement 2030 Fund Expense Ratio: 0.75% T. Rowe Price Retirement 2035 Fund Expense Ratio: 0.77% T. Rowe Price Retirement 2040 Fund Expense Ratio: 0.78% T. Rowe Price Retirement 2045 Fund Expense Ratio: 0.78% T. Rowe Price Retirement 2050 Fund Expense Ratio: 0.78% T. Rowe Price Retirement 2055 Fund Expense Ratio: 0.78%
Fidelity Freedom K 2010 Fund Fidelity Freedom K 2015 Fund Fidelity Freedom K 2020 Fund
Fidelity Freedom K 2025 Fund Fidelity Freedom K 2030 Fund Fidelity Freedom K 2035 Fund Fidelity Freedom K 2040 Fund Fidelity Freedom K 2045 Fund Fidelity Freedom K 2050 Fund Fidelity Freedom K 2055 Fund
The effective date of Plan changes depend upon the transfer of data. To ensure accurate data transfer, the delivery of services and investment options described in this brochure could be delayed. For a mutual fund, the expense ratio is the total annual fund or class operating expenses (before waivers or reimbursements) paid by the fund and stated as a percentage of the fund's total net assets. Expense ratios change periodically and are drawn from the funds prospectus. For more detailed fee information, see the fund prospectus or annual or semiannual reports.
tolerance level, there are two types of risk to think about: the risk that an investment will not generate the return youd hoped for (investment risk), and the risk that inflation will eat away at the value of your savings (inflation risk). Equities tend to involve greater investment risk and less inflation risk. Bonds and short-term investments offer less investment risk but greater inflation risk. Ultimately, your comfort level with each type of risk will determine which investment mix is right for you.
Experts generally agree that how you divide your investments among equities, bonds and short-term investments can be more important than the specific funds you actually choose.
Your financial situation No two people are alike, which is why you need to identify your unique
financial situation. Understanding both your short- and long-term financial needs will help you choose the best approach to help you meet your goals.
Once you determine your investment mix, consider diversifying which can help limit your risk. By spreading your money over different investments, you can reduce your investment
and your inflation risk. A diversified investment mix can help keep your long-term returns on track as the market fluctuates. However, you should know that diversification doesnt ensure a profit or guarantee against loss. To sum it all up, the higher your risk tolerance and the longer your timeframe, the more weight you may want to give to equities. On the other hand, the lower your risk tolerance and the shorter your time frame, the more you may want to rely on bonds and short-term investments.
Where do you fit along the spectrum of investment approaches? CONSERVATIVE AGGRESSIVE
NO
If you answer NO, consider these options:
Do you have the desire to learn about investment options and make investment decisions for your 401(k) Plan account?
YES
If you answer YES, consider these options:
As the chart below shows you, the Retirement Funds allocations are actively managed for approximately 30 years after their target dates before arriving at their final 20% stock, 80% bond and shortterm fixed income ratio. This strategy helps your savings continue working for you in retirement.
80
60
40
20
Age: 35
40
45
50
55
60
65
70
75
80
85
90
95
The performance and risks of each Retirement Fund will directly correspond to the performance and risks of the funds in which it invests. By investing in many underlying funds, the Retirement Funds have partial exposure to the risks of many different areas of the market, including possible loss of principal. The Retirement Funds assume a retirement age of 65.
This Retirement Fund may be right for you T. Rowe Price Retirement Income Fund T. Rowe Price Retirement 2005 Fund T. Rowe Price Retirement 2010 Fund T. Rowe Price Retirement 2015 Fund T. Rowe Price Retirement 2020 Fund T. Rowe Price Retirement 2025 Fund T. Rowe Price Retirement 2030 Fund T. Rowe Price Retirement 2035 Fund T. Rowe Price Retirement 2040 Fund T. Rowe Price Retirement 2045 Fund T. Rowe Price Retirement 2050 Fund
T. Rowe Price Retirement Income Fund T. Rowe Price Retirement 2005 Fund T. Rowe Price Retirement 2010 Fund
T. Rowe Price Retirement 2015 Fund T. Rowe Price Retirement 2020 Fund T. Rowe Price Retirement 2025 Fund T. Rowe Price Retirement 2030 Fund
T. Rowe Price Retirement 2035 Fund T. Rowe Price Retirement 2040 Fund T. Rowe Price Retirement 2045 Fund T. Rowe Price Retirement 2050 Fund T. Rowe Price Retirement 2055 Fund
Target date investments are generally designed for investors expecting to retire around the year indicated in each investments name. The investments are managed to gradually become more conservative over time. The investment risks of each target date investment change over time as its asset allocation changes. They are subject to the volatility of the financial markets, including equity and fixed income investments in the U.S. and abroad and may be subject to risks associated with investing in high-yield, small-cap and foreign securities. Principal invested is not guaranteed at any time, including at or after their target dates.
A variety of asset classes The Core Funds consist of an array of investment options designed to accommodate most investors needs. You select a combination of funds depending on how much risk you want in your portfolio. Choice You decide how to invest and how to allocate your assets among the menu of investment options. Responsibility You are responsible for periodically evaluating your investments and retirement portfolio, and for adjusting your investments and asset allocations over time.
Mid Blend Spartan Extended Market Index Fund Fidelity Advantage Class Small Blend Goldman Sachs Small-cap Value Fund Institutional
This spectrum, with the exception of the Domestic Equity category, is based on Fidelitys analysis of the characteristics of the general investment categories and not on the actual investment options and their holdings, which can change frequently. Investment options in the Domestic Equity category are based on the options Morningstar categories as of 9/30/13. Morningstar categories are based on a funds style as measured by its underlying portfolio holdings over the past three years and may change at any time. These style calculations do not represent the investment options objectives and do not predict the investment options future styles. Investment options are listed in alphabetical order within each investment category. Risk associated with the investment options can vary significantly within each particular investment category and the relative risk of categories may change under certain economic conditions. For a more complete discussion of risk associated with the mutual fund options, please read the prospectuses before making your investment decisions. The spectrum does not represent actual or implied performance. Investments in smaller companies may involve greater risk than those in larger, more well known companies. Foreign investments, especially those in emerging markets, involve greater risk and may offer greater potential returns than U.S. investments. This risk includes political and economic uncertainties of foreign countries, as well as the risk of currency fluctuation. An investment in a money market fund is not insured or guaranteed by the FDIC or any other government agency. Although money market funds seek to preserve the value of your investment at $1 per share, it is possible to lose money by investing in these funds. Company stock funds are neither mutual funds nor diversified or managed investment options. Stock markets, especially foreign markets, are volatile and can decline significantly in response to adverse issuer, political, regulatory, market or economic developments. In general the bond market is volatile and bonds entail interest rate risk (as interest rates rise bond prices usually fall and vice versa). This effect is usually pronounced for longer-term securities. Bonds also entail the risk of issuer default, issuer credit risk and inflation risk. The value of your investment in a company stock fund is affected by the performance of the company and the overall stock market and, if applicable, by the amount and performance of any short-term investments held by the fund. To help achieve long-term retirement security, you should give careful consideration to the benefits of a well-balanced and diversified investment portfolio. Spreading your assets among different types of investments can help you achieve a favorable rate of return, while minimizing your overall risk of losing money. This is because market or other economic conditions that cause one category of assets, or one particular security, to perform very well often cause another asset category, or other particular security to perform poorly. If you invest more than 20% of your retirement savings in any one company or industry, your savings may not be properly diversified. Although diversification is not a guarantee against loss, it is an effective strategy to help manage your investment risk. EchoStar Corporation Stock Fund: This investment option is not a mutual fund.
What Is BrokerageLink?
The Fidelity BrokerageLink account is a self-directed brokerage account designed for investors who are willing to take on the potential for more risk and who are prepared to assume the responsibility of more closely monitoring this portion of their portfolio.
With BrokerageLink, you take charge of your investments by creating a retirement portfolio to match your personal situation including your goals, time horizon and risk tolerance and you monitor your portfolio and adjust it as your needs change. A self-directed brokerage account is not for everyone. If you do not feel comfortable actively managing a portfolio beyond the plans standard investment options, then a self-directed brokerage account may not be appropriate for you. Additional fees apply to a brokerage account; please see the fact sheet and commission schedule on NetBenefits for a complete listing of brokerage fees. You must open a Fidelity BrokerageLink account to participate. After your account is open, youll receive a welcome kit with a handbook that provides more detail about how to invest through your BrokerageLink account. If you think BrokerageLink may be right for you, you can request additional materials and a BrokerageLink application by calling Fidelity NetBenefits at 1-800-890-4015. A self-directed brokerage account may entail greater risk and is not appropriate for everyone. Additional fees apply to a brokerage account; please refer to the Participant Acknowledgement Form within your BrokerageLink Welcome Kit for a complete listing of brokerage fees.
10
Income Simulator: can help you with your retirement planning. Its an interactive, online guidance tool
that illustrates how your savings may translate into after-tax monthly retirement income. IMPORTANT: The projections or other information generated by Fidelitys Income Simulator regarding the likelihood of various investment outcomes are hypothetical in nature, do not reflect actual investment results, and are not guarantees of future results. Results may vary.
Contribution Calculator: Determine how much to save and understand how your money might
grow over time.
Take Home Pay Calculator: See how your pay check will be impacted if you contribute more to
the Savings Plan.
Portfolio Review: With Fidelitys streamlined investment planning tool, you get guidance to help you
make decisions about all your investments, including your retirement plan portfolio.
e-Learning: Fidelity workshops deliver an e-Learning experience on retirement saving that is both
engaging and educational. The workshops are entirely self-directed, so you can learn at any time and proceed at your own pace.
CONTACT INFORMATION
For account information, a wide variety of planning tools, calculators, educational content and other valuable resources.
www.netbenefits.com
1-800-890-4015
are available to answer questions on business days from 8:30 a.m. to midnight, Eastern time.
Representatives
11
12
13
14
15
16
17
Before investing in any mutual fund, please carefully consider the investment objectives, risks, charges and expenses. For this and other information, call, write, or visit Fidelity at www.netbenefits.com for a free prospectus or summary prospectus, if available. Read it carefully before you invest.
Keep in mind that investing involves risk. The value of your investment will fluctuate over time and you may gain or lose money.
Income simulator and portfolio review are educational tools. The Plan is intended to be a participantdirected plan as described in Section 404(c) of ERISA, which means that fiduciaries of the Plan are ordinarily relieved of liability for any losses that are the direct and necessary result of investment instructions given by a participant or beneficiary. Fidelity Brokerage Services LLC, Member NYSE, SIPC, 900 Salem Street, Smithfield, RI 02917 668198.1.0
19