At the end of this month, The Standard Retirement Services, which administers the Money Purchase Pension and 401(k) Plans, will be making upgrades to their systems that will affect the manner in which participants access their account information. There will be no changes in the funds available to participants.
New Website and Phone System
The name of the new website will change from MasterPlan Retirement Services to The Standard’s Personal Savings Center. The new website address will be http://retirement.standard.com. Around the third week of June, Plans participants will be mailed a new Personal Identification Number (PIN) and instructions on how to register on the new website. Participants who attempt to access the MasterPlan Retirement website after June 26th will be redirected to the new website.
Participants will need their social security number and new PIN number for the initial login to the Personal Savings Center. If you have lost your PIN number or do not receive it in the mail, you can contact customer service from 6:00 A.M. to 6:00 P.M., Pacific Time, by calling 1-800-858-5420. Flyers with phone numbers and website information will be available at all Union Halls, aboard ship and at the Plan Office in San Francisco.
The Money Purchase Pension Plan and 401(k) Plan will now have separate quarterly statements. This change will be effective with the September quarterly statements. Also, once you have logged onto the new website, the Money Purchase Pension Plan and 401(k) Plans will be accessed separately. Investment election changes must be submitted separately for each Plan.
The final change is that the detailed Voyage and Manday information will be sent in a separate mailing from the quarterly statements beginning with the reporting period ending September 30, 2009. There will be no changes in service personnel. Todd Smithpeter remains as the Plans’ investment advisor.