Each provider has instruction booklets on how to use their respective VRU's. The VRU is a convenient way to quickly access account information. A. Funds were selected for the SMP using the philosophy that they should be appropriate for an individual's primary retirement account. The intent is to offer funds that have moderate rates of return and volatility levels. For this reason, certain funds may have a different classification than those listed in trade publications.
Administrative shares have a lower investment management expense than the retail shares.
However, the securities held within each portfolio are virtually identical. The use of institutional or administrative class shares is designed to reduce the overall cost to SMP participants. Statements Q. Statements need to be frequent and easier to understand A. Statements are mailed quarterly. You should receive a statement from each of the investment providers you have selected and a unified statement from the service agent that combines all of your information. For more frequent account information from ING Aetna Financial Services, participants should call the VRU or access the web site.