If your 2007 allocation was transferred to a default IRA established on your behalf with Wilmington Trust Company (“Wilmington”) and you have not made additional contributions to that IRA or taken a complete distribution of your IRA account balance, the balance in your Wilmington IRA transferred to an IRA account established on your behalf with RolloverSytems, Inc. (“RSI”) on March 27, 2009.
The cost of the transfer of the Wilmington IRA to the RSI IRA will not be charged to you. This transfer is necessary due to Enron’s imminent dissolution.
The funds received from the Wilmington IRA will be invested in an investment product designed to preserve principal and provide a reasonable rate of return consistent with liquidity. The Federated Automated Cash Management Trust CII meets that criteria and will be the fund into which the Wilmington IRA funds are deposited, until you direct otherwise.
Account information packets will be mailed out to you during the first week of April 2009. Should you wish to receive the funds from your RSI IRA account, no distribution fee will be charged for distributions requested within 30 days of the transfer. For information regarding or access to your RSI IRA account, please contact the RSI Retirement Center at 1-888-472-7678.
International callers may contact the RSI Retirement Center at 1-704-248-5809.