You don’t have to be an investing expert to manage your retirement portfolio with confidence. With LifeStage Investment Management, it’s easy to automate the investment of your account based on your risk tolerance and other key personal information. LifeStage Investment Management is offered as a convenient option at no additional cost to you.1
If you have a Ministerial Pension Plan (MPP) account, LifeStage Investment Management is required to manage this account balance. For other Wespath-administered retirement accounts, you have the option to self-manage your account or use LifeStage Investment Management to automatically create and adjust your investment portfolio. LifeStage Investment Management manages balances for more than 70% of participants in non-MPP plans.
Why Choose LifeStage Investment Management?
Whether LifeStage Investment Management is right for you depends on your personal preferences, and the amount of time and effort you’re willing to spend on managing your account. If you want help finding the right investment mix and prefer having investment decisions handled for you, LifeStage Investment Management can help simplify the process.
However, LifeStage Investment Management may not be appropriate for everyone. If you want to have more control in managing your investments, or if you have unique financial circumstances, you may prefer a more hands-on approach. In that case, you may want to work with a financial professional who can help manage your retirement plans. Eligible participants in Wespath-administered retirement plans can receive financial planning assistance at no additional charge from EY Financial Planning Services.1, 2
How It Works
When you select LifeStage Investment Management, you’ll be asked to complete a Personal Investment Profile with information about your age, risk tolerance, whether you qualify for Social Security benefits and other factors. You can review and change your Personal Investment Profile at any time by selecting “LifeStage” under “My Benefits” when logged in to your Benefits Access account.
LifeStage Investment Management allocates your account balances among a selection of Wespath’s investment funds to create a target investment mix based on your Personal Investment Profile. Each quarter, LifeStage Investment Management compares your target mix with your actual mix of investments, which changes due to market fluctuations. If there is a significant difference, the service will automatically buy and sell units in Wespath investment funds to rebalance your current investment mix and future allocations.
Make Your Selection
Ready to get on track with LifeStage Investment Management? Log in to Benefits Access and select “Take Action” under “Manage Investments,” then choose “Elect LifeStage.” Or, you can submit an Investment Election form to Wespath. If you have questions, call Wespath at 1-800-851-2201.
1 Costs for these services are included in Wespath’s operating expenses that are paid for by the funds.
2 EY Financial Planning Services are available to active participants and surviving spouses with account balances, and to retired and terminated participants with account balances of at least $10,000.
Accounts Managed by LifeStage
Wespath uses LifeStage Investment Management to determine an appropriate investment mix for Ministerial Pension Plan (MPP) account balances. Participants can choose to use LifeStage Investment Management for their other retirement accounts in Wespath-administered plans, including the defined contribution component of the Clergy Retirement Security Program (CRSP DC), the Horizon 401(k) Plan, the United Methodist Personal Investment Plan (UMPIP), and the Retirement Plan for General Agencies (RPGA).