Chair JiM AdAMs, LisA M. GArrett rAMon rubALCAvA WiLLiAM Pryor MArk · PDF fileLisA M. GArrett...

6
The Annual Horizons Survey: Share Your Views, Make a Difference County of Los Angeles Deferred Compensation and Thrift Plan Fourth Quarter 2012 • 1 It’s time again for the annual Horizons participant survey. Each year, the survey looks to you to find out what participants like about the Plan and what improvements you would like to see. The Plan Administrative Committee uses the results of the survey to identify opportunities as it develops its strategic plan for the coming year. Your views matter to us. Please take about 10 minutes to complete the survey, which can be found online at www.countyla.com through March 15, 2013. Fourth Quarter 2012 Focus on: Managing and Monitoring Your Account IN THIS ISSUE: The Annual Horizons Survey: Share Your Views, Make a Difference 2013 Contribution Limits Increased Piece Together Your Financial Picture: Explore More Ways to Save Cyber Smarts Web Tip: Managing and Monitoring Your Account County Corner Eye on Investments: Managing Risk with Diversification Trivia Questions 2013 Contribution Limits Increased A key part of managing your account is knowing how much you can contribute each year. In 2013, the under age 50 annual contribution limit increased to $17,500. This means the annual catch-up amounts increased as well. Following are the limits for each type of contribution. 2013 CONTRIBUTION LIMITS CONTRIBUTION LIMIT (UNDER AGE 50) $17,500 AGE 50 AND OVER CATCH-UP $23,000 SPECIAL THREE-YEAR CATCH-UP $35,000 Please note that you cannot use the age 50 and over catch-up and the special three-year catch-up in the same calendar year. To see if you qualify for the special three-year catch-up contribution, call Great-West Retirement Services ® (Great-West) at (800) 947-0845. If you would like to change your contribution, log in to your account at www.countyla.com. Click on the Transactions tile and choose the Change Paycheck Contribution link. Pacific Coast Highway San Gabriel Mountains

Transcript of Chair JiM AdAMs, LisA M. GArrett rAMon rubALCAvA WiLLiAM Pryor MArk · PDF fileLisA M. GArrett...

Page 1: Chair JiM AdAMs, LisA M. GArrett rAMon rubALCAvA WiLLiAM Pryor MArk · PDF fileLisA M. GArrett rAMon rubALCAvA WiLLiAM Pryor MArk J. sALAdino GeorGe W. ott steven reMiGe Wendy L. WAtAnAbe

JiM AdAMs, Chair

LisA M. GArrett rAMon rubALCAvAWiLLiAM Pryor MArk J. sALAdinoGeorGe W. ott steven reMiGeWendy L. WAtAnAbe

the Annual Horizons survey: share your views, Make a difference

County of Los Angeles Deferred Compensation and Thrift Plan

fourth quarter 2012 • 1

It’s time again for the annual Horizons participant survey. Each year, the survey looks to you to find out what participants like about the Plan and what improvements you would like to see. The Plan Administrative Committee uses the results of the survey to identify opportunities as it develops its strategic plan for the coming year.

Your views matter to us. Please take about 10 minutes to complete the survey, which can be found online at www.countyla.com through March 15, 2013.

Fourth Quarter 2012Focus on: Managing and Monitoring Your Account

in tHis issue:

The Annual Horizons Survey: Share Your Views, Make a Difference

2013 Contribution Limits Increased

Piece Together Your Financial Picture: Explore More Ways to Save

Cyber Smarts Web Tip: Managing and Monitoring Your Account

County Corner

Eye on Investments: Managing Risk with Diversification

Trivia Questions

2013 Contribution Limits increasedA key part of managing your account is knowing how much you can contribute each year. In 2013, the under age 50 annual contribution limit increased to $17,500. This means the annual catch-up amounts increased as well. Following are the limits for each type of contribution.

2013 CONTRIBUTION LIMITSCONTRIBUTION LIMIT (UNDER AGE 50) $17,500

AGE 50 AND OVER CATCH-UP $23,000

SPECIAL THREE-YEAR CATCH-UP $35,000

Please note that you cannot use the age 50 and over catch-up and the special three-year catch-up in the same calendar year. To see if you qualify for the special three-year catch-up contribution, call Great-West Retirement Services® (Great-West) at (800) 947-0845.

If you would like to change your contribution, log in to your account at www.countyla.com. Click on the Transactions tile and choose the Change Paycheck Contribution link.

Pacific Coast Highway

San Gabriel Mountains

Page 2: Chair JiM AdAMs, LisA M. GArrett rAMon rubALCAvA WiLLiAM Pryor MArk · PDF fileLisA M. GArrett rAMon rubALCAvA WiLLiAM Pryor MArk J. sALAdino GeorGe W. ott steven reMiGe Wendy L. WAtAnAbe

If you are nearing retirement age and want to make the most of your remaining working years to increase your retirement savings, consider bolstering your Horizons nest egg by:

1. Maximizing your contributions.The 2013 IRS contribution limit is $17,500. If you are age 50 or over, you may be eligible to contribute up to $23,000.1 The County’s matching contributions to Horizons count toward these limits, but if this is more than your budget allows, consider increasing your contribution by a more manageable number, like 1%.

Visit www.countyla.com to check out how Retirement Rex is building his nest egg, 1% at a time. Once you log in to your

account, watch for Rex in the My Action Plan area in the upper-right section of the home page.

Beverly Hills

visit www.countyla.com and read the Special Three-Year Catch-Up and Termination Pay Contribution fliers under the Plan Information tile.

4. saving the amount you used to deduct for your loan payment.

If you recently paid off your Horizons loan, why not boost your contribution by the amount you were deducting for your loan payment? You are probably used to seeing this amount deducted from your paycheck. It’s a smart and easy way to build savings momentum.

2. enrolling in special three-year catch-up.

If you are within three calendar years of normal retirement age, you may be able to contribute up to $35,000.1 Call Great-West at (800) 947-0845 to find out if you are eligible.

3. Contributing your termination pay.

You may contribute your final check (up to IRS contribution limits) that includes payout of unused vacation, sick leave and holiday pay.

For more details about special three-year catch-up and termination pay, call Great-West at (800) 947-0845 or

1 IRS annual contribution limits are subject to change.

2 • fourth quarter 2012

Cyber Smarts Web Tip: Managing and Monitoring your Account

With the redesigned website at www.countyla.com, managing and monitoring your account have never been easier. This quarter’s Cyber Smarts Web Tip looks at some of the new features that can make you a well-informed investor.

education tileIf you want to learn more about an investment topic, the Education tile offers quick access to a host of resources. For example, you can learn important concepts

such as diversification (the topic of this quarter’s Eye on Investments). The content in the Education tile includes:

• GrowMySavings – Find out if you are saving enough and how to save more.

• LearnAboutInvesting – Learn about investment options, the importance of managing risk, and other investment-related topics.

• eLearning – Access online courses that can make you a wise investor.

• RetirementReady – See if you are on track to meeting your retirement income goals.

• Newsletters – Revisit past editions of the Horizons quarterly newsletter.

Piece together your financial future: explore More Ways to save

At-A-Glance tileWhen you log on to www.countyla.com, you will see the At-A-Glance tile at the top left-hand side of the page. It offers a quick look at important details, such as:

• Account balance

• Rate of return

• Last contribution amount

You can also click on each item to learn more and make changes (such as increasing your contribution or reallocating your investments).

My Action Plan tileWe all take a different approach to investing. On this tile, you will find personalized suggestions for actions that can help you reach your retirement income goals. It also displays important announcements, reminders and messages to keep you up-to-date.

EducationAT-A-GLANCE

$2,370.491.31%

$228.70

Daily Balance

Rate of Return

Last Contribution Amount

?

?

MY ACTION PLAN

Update your email address

Build savings momentum

Start saving today

Review My Contribution

Adjust My Retirement Age

Update My Beneficiaries

More Options

Page 3: Chair JiM AdAMs, LisA M. GArrett rAMon rubALCAvA WiLLiAM Pryor MArk · PDF fileLisA M. GArrett rAMon rubALCAvA WiLLiAM Pryor MArk J. sALAdino GeorGe W. ott steven reMiGe Wendy L. WAtAnAbe

fourth quarter 2012 • 3

Watch for Trivia questions next quarter!

eye on investments: Managing risk with diversificationAs you may remember, last quarter’s newsletter featured an article on asset allocation. Asset allocation is a way to manage investment risk. In simple terms, it means spreading the money you invest across different asset classes. Asset classes include stock investments (such as large-cap, small-cap, and non-U.S. assets), bond investments, and cash equivalents. Different asset classes usually have different levels of risk.

To manage risk effectively, you should consider a mix of investments among the Plan’s Asset Class Options. This is known as “diversification.” For example, assume that you invest all of your semi-monthly contributions in the Horizons Small Cap Equity Fund (“Small Cap Fund”). The Small Cap Fund invests in smaller companies, which generally have higher volatility and risk. You may want to diversify your account by adding an allocation to the Horizons Large Cap, Horizons Mid Cap, Horizons Non-U.S. Equity, Horizons Bond, and/or Horizons Stable Income Funds, depending upon the level of risk you are comfortable with while taking into consideration your anticipated retirement date.

You can also achieve diversification through one of the Plan’s 10 Target Date Funds (“TDFs”). TDFs are diversified portfolios designed for people who want to leave ongoing investment decisions to an experienced portfolio management team. The date in a Target Date Fund represents an approximate date when an investor expects to retire. The principal value of the funds is not guaranteed at any time, including the target date. You choose the Horizons TDF with the date closest to your expected retirement date and the management team adjusts the allocation of assets to a more conservative mix as the year of the TDF gets closer. Once the target year is reached, it takes 10 more years for the asset allocation to match that of the most conservative TDF, the Retirement Income Fund. Once the TDF asset mix matches the asset mix of the Retirement Income Fund, the TDF is consolidated into the Retirement Income Fund. TDFs are a simplified way to automatically diversify your investments in a single fund that is also tailored to your anticipated retirement date. Keep in mind that all investments come with risk. Diversification does not ensure a profit or protect you from loss due to market declines. It is simply a way to avoid relying on a single style or strategy of investing. In other words, it keeps you from putting all of your eggs into one basket.

Your mix of investments depends on factors such as your retirement income goals, your risk tolerance, and your planned retirement date. It’s a good idea to review your investment strategy each year to make sure it still fits your goals. Additionally, market movements throughout the year may cause your account to vary from your preferred asset allocation. If you have not reviewed your account in a while, you may need to make adjustments. The Rebalancer tool on www.countyla.com can help you see whether you need to make changes.2 Log in to your account and click on the Transactions tile and the Rebalance My Investments link. You can also find more information about diversification in the eLearning section under the Education tile.

2 Rebalancing does not ensure a profit and does not protect against loss in declining markets.Investors should consider their financial ability to continue a rebalancing plan during periods of fluctuating price levels.

Calling all shutterbugs and puzzle masters. We need your help. County employees are a creative bunch. Here’s your chance to share some of that creativity with your colleagues.

send us your Pictures – Are you the designated photographer in your department or at group gatherings? Can you perform megapixel magic with a humble cell phone camera? If so, we’d like to feature your work in the “County Corner” of the Horizons newsletter and other Plan materials. Send your best photos of County facilities and sites around the County of Los Angeles to [email protected]. If we select one of your pictures, you’ll see it published with credit given to you, the photographer!

Guidelines:• Photos must be of County facilities or

sites around the County of Los Angeles • Photos must be digital (no prints)• At least 5x7 but no larger than 8x10• High resolution, 300 dpi or higher• File size: no larger than 1 MB• File format: JPEG• Be sure your email includes the

location or title of the object you photographed and your name and department (or, for our retired readers, your former department)

send us your best brain teaser – We’re always looking for creative, thought-provoking riddles and puzzles to use in the Horizons quarterly newsletters. If you have a retirement-related brain teaser you’d like to share, send it to us at [email protected] and we just might publish it in an upcoming edition.

County Corner

Griffith Park Observatory

Answers to the trivia questions: 1b, 2d, 3c, 4c, 5d

Shutterbugs and puzzle masters: We need your help!Read more.

Page 4: Chair JiM AdAMs, LisA M. GArrett rAMon rubALCAvA WiLLiAM Pryor MArk · PDF fileLisA M. GArrett rAMon rubALCAvA WiLLiAM Pryor MArk J. sALAdino GeorGe W. ott steven reMiGe Wendy L. WAtAnAbe

Co

un

ty

of L

os A

ng

ele

s D

efer

red

Co

mpen

sati

on

an

d T

hr

ift

Plan In

vest

men

t O

pti

on

Ret

urn

s fo

r th

e Pe

rio

d E

nd

ing

d

ecem

ber

31,

201

2in

vest

men

t o

pti

on

Per

form

ance

Co

un

ty

of L

os A

ng

ele

s D

efer

red

Co

mpen

sati

on

an

d T

hr

ift

Plan

vA

riA

bLe

inv

estM

ent

oPt

ion

s A

ver

AG

e A

nn

uA

L r

etu

rn

La

st

3 M

on

ths

Year

to

Dat

e 1

YEA

R

3 Y

EAR

S 5

YEA

RS

Sin

ce

Ince

pti

on

Tota

l F

un

d E

xpen

seIn

cep

tio

n

Dat

e o

f Fu

nd

SIM

PLIFIEDINVESTMENTMENU

1,2,

3,4

Ho

rizo

ns

Ret

irem

ent

Inco

me

Fun

d2.

35%

13.3

2%13

.32%

9.18

%N

/A11

.03%

0.60

%11

/07/

08

Ho

rizo

ns

2010

Tar

get

Dat

e Fu

nd

2.44

%14

.56%

14.5

6%8.

58%

N/A

10.2

2%0.

55%

11/0

3/08

Ho

rizo

ns

2015

Tar

get

Dat

e Fu

nd

2.56

%15

.13%

15.1

3%8.

81%

N/A

11.0

8%0.

54%

11/0

3/08

Ho

rizo

ns

2020

Tar

get

Dat

e Fu

nd

2.58

%15

.66%

15.6

6%8.

85%

N/A

11.6

0%0.

51%

11/0

3/08

Ho

rizo

ns

2025

Tar

get

Dat

e Fu

nd

2.53

%15

.94%

15.9

4%8.

93%

N/A

11.9

1%0.

48%

11/0

3/08

Ho

rizo

ns

2030

Tar

get

Dat

e Fu

nd

2.51

%15

.97%

15.9

7%9.

12%

N/A

11.8

7%0.

48%

11/0

7/08

Ho

rizo

ns

2035

Tar

get

Dat

e Fu

nd

2.51

%15

.97%

15.9

7%9.

13%

N/A

12.0

9%0.

48%

11/0

7/08

Ho

rizo

ns

2040

Tar

get

Dat

e Fu

nd

2.51

%15

.98%

15.9

8%9.

14%

N/A

12.1

1%0.

48%

11/0

7/08

Ho

rizo

ns

2045

Tar

get

Dat

e Fu

nd

2.53

%15

.99%

15.9

9%9.

13%

N/A

11.8

9%0.

48%

11/0

7/08

Ho

rizo

ns

2050

Tar

get

Dat

e Fu

nd

2.50

%15

.94%

15.9

4%N

/AN

/A10

.35%

0.48

%08

/02/

10

ADVANCEDINVESTM

ENTMENU

1,2,

3

Ho

rizo

ns

Infl

atio

n P

rote

ctio

n F

un

d0.

66%

6.85

%6.

85%

N/A

N/A

9.30

%0.

06%

05/0

2/11

Ho

rizo

ns

Bo

nd

Fu

nd

51.

76%

13.3

2%13

.32%

10.2

5%N

/A16

.18%

0.30

%11

/03/

08

Ho

rizo

ns

Bal

ance

d F

un

d2.

41%

18.3

3%18

.33%

9.24

%N

/A12

.46%

0.43

%11

/03/

08

Ho

rizo

ns

Larg

e C

ap E

qu

ity

Fun

d-0

.40%

15.9

8%15

.98%

10.8

3%N

/A12

.30%

0.03

%11

/03/

08

Ho

rizo

ns

No

n-U

.S. E

qu

ity

Fun

d6

6.49

%22

.07%

22.0

7%6.

43%

N/A

12.3

0%0.

46%

11/0

3/08

Ho

rizo

ns

Mid

Cap

Eq

uit

y Fu

nd

72.

52%

15.7

7%15

.77%

13.0

7%N

/A17

.35%

0.48

%11

/03/

08

Ho

rizo

ns

Smal

l Cap

Eq

uit

y Fu

nd

82.

10%

14.9

4%14

.94%

11.4

4%N

/A10

.17%

0.63

%11

/03/

08

Kee

p in

min

d th

at fe

es a

nd e

xpen

ses

are

only

two

of s

ever

al fa

ctor

s th

at y

ou s

houl

d co

nsid

er w

hen

mak

ing

inve

stm

ent d

ecis

ions

. Ple

ase

cons

ider

the

inve

stm

ent o

bjec

tives

and

ris

ks, a

s w

ell a

s fe

es a

nd e

xpen

ses,

car

eful

ly b

efor

e in

vest

ing.

For

this

and

oth

er im

port

ant i

nfor

mat

ion,

you

may

obt

ain

fund

fact

she

ets

and

disc

losu

re d

ocum

ents

from

you

r reg

iste

red

repr

esen

tativ

e at

(80

0) 9

47-0

845

or th

roug

h th

e w

ebsi

te a

t ww

w.c

oun

tyla

.com

. Rea

d th

em

care

fully

bef

ore

inve

stin

g.

Cur

rent

per

form

ance

may

be

low

er o

r hig

her t

han

perfo

rman

ce d

ata

show

n. P

erfo

rman

ce d

ata

quot

ed re

pres

ents

pas

t per

form

ance

and

is n

ot a

gua

rant

ee o

r pre

dict

ion

of fu

ture

resu

lts. F

or p

erfo

rman

ce d

ata

curr

ent t

o th

e m

ost r

ecen

t m

onth

end

, ple

ase

visi

t ww

w.c

oun

tyla

.com

. The

inve

stm

ent r

etur

n an

d pr

inci

pal v

alue

of a

n in

vest

men

t will

fluc

tuat

e so

that

, whe

n re

deem

ed, s

hare

s/un

its m

ay b

e w

orth

mor

e or

less

than

thei

r orig

inal

cos

t. A

lthou

gh d

ata

is

gath

ered

from

relia

ble

sour

ces,

we

cann

ot g

uara

ntee

com

plet

enes

s an

d ac

cura

cy.

The

net r

etur

ns s

how

n ab

ove

refle

ct fu

nd o

pera

ting

expe

nses

, but

do

not i

nclu

de c

urre

nt a

dmin

istr

ativ

e fe

es.10

For

mor

e in

form

atio

n on

how

thes

e ad

min

istr

ativ

e fe

es a

re a

sses

sed

to y

our a

ccou

nt, p

leas

e re

fer t

o th

e Sc

hedu

le o

f Pa

rtic

ipan

t Fee

s in

the

Fund

Dat

a B

ookl

et o

r vis

it th

e w

ebsi

te a

t ww

w.c

oun

tyla

.com

.

FIXEDINVESTM

ENTOPTIONS

1,2

ANNUALIzEDCREDITINGRATE

1st

Qtr

’13

4th

Qtr

’12

3rd

Qtr

’12

2nd

Qtr

’12

1st

Qtr

’12

Ho

rizo

ns

Stab

le In

com

e Fu

nd

32.

10%

2.27

%2.

36%

2.41

%2.

59%

11/3

0/90

Ban

k D

epo

sito

ry F

un

d3,

90.

31%

0.37

%0.

46%

0.47

%0.

57%

11/3

0/90

Page 5: Chair JiM AdAMs, LisA M. GArrett rAMon rubALCAvA WiLLiAM Pryor MArk · PDF fileLisA M. GArrett rAMon rubALCAvA WiLLiAM Pryor MArk J. sALAdino GeorGe W. ott steven reMiGe Wendy L. WAtAnAbe

Form# CB1004N-01 (01/13) PT165366

About the Investment Options The Plan Administrative Committee (PAC), with the consultation of outside advisors not affiliated with Great-West Retirement Services®, has set the underlying allocation of the Horizons Target Date Funds and the Horizons Asset Class Investment Options (sub-funds). The PAC may change the underlying allocation to the sub-funds at any time, without prior notification, pursuant to the investment guidelines established by the PAC.1 About Separately Managed Funds/Accounts

The Horizons investment options are designed exclusively for the Horizons Plan. The PAC has selected underlying fund managers who may manage Plan assets through a separate account, thereby reducing the fund operating expense charged to participants. A separate account means Horizons assets are invested separately from other clients of the fund manager. Therefore, performance data is based only on Horizons assets. Registration with the Securities and Exchange Commission is not required for any of the Horizons investment options.

2 Transfer Restrictions Transfers of $10,000 or more into an investment option on a single day must remain invested in that option for a minimum of 10 business days. The last assets transferred into an investment option will be the first assets transferred out of the investment option. After any transfer of assets out of an investment option, no assets may be transferred into that investment option for 30 calendar days. Non-compliant transactions may result in the restriction of a participant’s ability to make transfers. Additional information is available on the website at www.countyla.com.

3 Bank Depository Transfer Information Effective February 16, 2010, monies cannot be transferred directly from the Stable Income Fund to the Bank Depository Fund. Instead, any monies transferred from the Stable Income Fund must first be transferred to one of the other core funds in the Plan (either the Target Date Funds and/or the Asset Class Funds). The monies must remain in that core fund for 90 calendar days before it can be transferred into the Bank Fund. In addition, once a transfer out of the Stable Income Fund is initiated, all investment options are restricted from transferring into the Bank Fund for 90 calendar days.

4 Important Information About the Target Date Funds The Target Date Funds will be rebalanced automatically each quarter so they maintain their established percentage for each investment option. On an annual basis, the Horizons 2010 through 2050 Target Date Funds will be adjusted to a more conservative asset allocation. When the Target Date Fund reaches its “targeted year,” the Target Date Fund will continue to exist as a “transition” fund with continued gradually declining exposure to equities for at least another 10 years beyond the retirement year until it is eventually absorbed into the Retirement Income Fund. The principal value of the funds is not guaranteed at any time, including the target date. Review the fund fact sheets for more information.

5 A bond fund’s yield, share price and total return change daily and are based on changes in interest rates, market conditions, economic and political news, and the quality and maturity of its investments. In general, bond prices fall when interest rates rise and vice versa.

6 Foreign investments involve special risks, including currency fluctuations and political developments.

7 Equity securities of medium-sized companies may be more volatile than securities of larger, more established companies.

8 Equity securities of small-sized companies may be more volatile than securities of larger, more established companies.

9 Bank Depository Fund Insurance of Deposits and Account Balance Limit Assets invested in the Bank Depository Fund are insured by the Federal Deposit Insurance Corporation (FDIC) up to $250,000. Any amount over $250,000 will be collateralized at a rate not less than 110%. The Bank Depository Fund is the only investment product in the Horizons Plan that offers FDIC insurance on account balances. All other Horizons Plan investment products offered are not FDIC-insured and may lose value.

10 Administrative Fees For the period July 1, 2012, through June 30, 2013, the monthly Plan administrative fee will be $3.27 and the County administrative fee will be $1.80. The total annual administrative fee charged to you for fiscal year 2012-2013 will not exceed $60.80.

The Horizons Target Date Funds are invested in units/shares of all or some of the following underlying funds: Horizons Inflation Protection Fund, Horizons Bond Fund, Horizons Large Cap Fund, Horizons Non-U.S. Equity Fund, Horizons Mid Cap Fund, Horizons Small Cap Fund, JPMorgan Property Fund, Mellon Global Alpha I, PIMCO High Yield Fund Institutional, PIMCO All Asset Fund, Wellington Unconstrained Themes, Dimensional Fund Advisors Emerging Markets Value Fund and Standish Emerging Market Debt.

The Asset Class Funds are comprised of the following: Horizons Inflation Protection Fund invests in units of SSgA U.S. Inflation Protected Bond Index Fund; Horizons Bond Fund invests in units/shares of Loomis, Sayles & Company, L.P. Core Plus Full Discretion and TCW/Metropolitan West Core Bond Fund; Horizons Balanced Fund invests in units/shares of Dodge & Cox Balanced Fund; Horizons Large Cap Fund invests in units/shares of SSgA S&P 500 Index; Horizons Non-U.S. Equity Fund invests in units/shares of Causeway International Value Equity Fund and Capital Guardian International (Non-U.S.); Horizons Mid Cap Fund invests in units/shares of SSgA Mid Cap Index Fund, Artisan Mid Cap Growth, Denver Investment Advisors Mid Cap Growth, Sasco Capital Mid Cap Value and WEDGE Capital Management L.L.P. Mid Cap Value; Horizons Small Cap Fund invests in units/shares of SSgA Small Cap Index Fund, Brandywine Small Cap Value, NorthPointe Capital Small Cap Growth Equity and Peregrine Capital Small Cap Growth Equity.

* Access to KeyTalk® and the website may be limited or unavailable during periods of peak demand, market volatility, systems upgrades/maintenance or other reasons. Transfer requests made via the website or KeyTalk received on business days prior to close of the New York Stock Exchange (1:00 p.m. Pacific Time or earlier on some holidays or other special circumstances) will be initiated at the close of business the same day the request was received. The actual effective date of your transaction may vary depending on the investment option selected.

Investment options have been selected by the Plan Administrative Committee. Core securities (except the Self-Directed Brokerage Account) are offered through GWFS Equities, Inc., a Great-West Company and FINRA member firm.

Great-West Retirement Services® refers to products and services provided by Great-West Life & Annuity Insurance Company, FASCore, LLC (FASCore Administrators, LLC in California) and their subsidiaries and affiliates. Not intended for Plans whose situs is in New York. Great-West Retirement Services® and KeyTalk® are registered trademarks of Great-West Life & Annuity Insurance Company. All rights reserved.

Securities available through Schwab Personal Choice Retirement Account® (PCRA) are offered through Charles Schwab & Co., Inc. (Member SIPC), a registered broker-dealer. Additional information can be obtained by calling (888) 393-7272. Charles Schwab & Co., Inc. and GWFS Equities, Inc. are separate and unaffiliated.

Page 6: Chair JiM AdAMs, LisA M. GArrett rAMon rubALCAvA WiLLiAM Pryor MArk · PDF fileLisA M. GArrett rAMon rubALCAvA WiLLiAM Pryor MArk J. sALAdino GeorGe W. ott steven reMiGe Wendy L. WAtAnAbe

Horizons Plan Administrative Committee Members

JiM AdAMs, Chair

LisA M. GArrett rAMon rubALCAvAWiLLiAM Pryor MArk J. sALAdinoGeorGe W. ott steven reMiGeWendy L. WAtAnAbe

Customer service on-site Locations

County of Los Angeles service Center655 N. Central Ave., Suite 1520 | Glendale, CA 91203

Office hours: 8:30 a.m. to 5:00 p.m.

Phone: (800) 947-0845

Account Management toolsYou can make changes to your account, research investment

options, and stay updated on Plan changes using either of the two convenient methods available to you.

Web: www.countyla.com* Phone: (800) 947-0845*

MArtin LutHer kinG/dreW MediCAL Center 12021 S. Wilmington Ave., Los Angeles First Monday of every even-numbered month in main lobby

LAC/usC MAin HosPitAL 1200 N. State St., Los Angeles Second and fourth Friday of each month in cafeteria

kennetH HAHn HALL of AdMinistrAtion 500 W. Temple St., Los Angeles Third Thursday of each month, second floor lobby entrance from mall

rAnCHo Los AMiGos reHAbiLitAtion Center 7601 E. Imperial Hwy., Downey Second Thursday of each month in Jacquelyn Perry Clinic lobby

HALL of reCords 320 W. Temple Street, Los Angeles Fourth Thursday of every odd-numbered month in the main lobby

PubLiC Works 900 S. Fremont Ave., Alhambra Third Wednesday of each month in cafeteria

oLive vieW MediCAL Center 14445 Olive View Dr., Sylmar Fourth Wednesday of each month in cafeteria

HArbor/uCLA MediCAL Center 1000 W. Carson St., Torrance Second Thursday of each month in elevator lobby

HeALtH serviCes 313 N. Figueroa St., Los Angeles Fourth Thursday of every even-numbered month in the main lobby

reGistrAr reCorder 12400 Imperial Hwy., Norwalk First Thursday of each month in the south lobby

HiGH desert HosPitAL 44900 N. 60th Street, Lancaster First Tuesday of the month in the cafeteria If Tuesday falls on the first day of the month, customer service would be available the following Tuesday

isd 9150 East Imperial Hwy., Downey First Wednesday of every odd-numbered month in the employee lunchroom, R34, second floor

bArry nidorf JuveniLe HALL 16350 Filbert St., Sylmar First Thursday of every odd-numbered month in the main lobby

ProbAtion HeAdquArters 9150 East Imperial Hwy., Downey Third Thursday of every even-numbered month in the main lunchroom

fourth quarter 2012 • 4

trivia questionsIt’s quiz time! Time to find out how well you paid attention to this edition of the Horizons newsletter. Sharpen your #2 pencil, and no peeking at a colleague’s paper.

4. the annual Horizons survey takes about how long to complete?a) 1 hourb) 30 minutes

c) 10 minutesd) 45 minutes

5. Previous editions of the Horizons quarterly newsletter can be found under which tile on the Plan's redesigned website?a) Formsb) Plan Information

c) Transactionsd) Education

1. Choosing a mix of investments among the Plan's asset class options is known as:a) Asset allocationb) Diversification

c) Investment integrationd) Multi-fund investing

2. the under age 50 contribution limit for 2013 is:a) $16,975b) $23,000

c) $18,000d) $17,500

3. Which of the following is not displayed on the At-A-Glance tile?a) Account balanceb) Rate of returnc) Risk tolerance

d) Last contribution amount

Los Angeles County Museum of Art

Answers to the trivia questions on page 3.