Good news plus details
to keep you up to date
A key part of any investment strategy is being informed about who is managing your savings, how the plan is working for you and where to go for the information you need. Take a moment to make sure you are in the know.
YOUR PEARSON RETIREMENT PLAN – WHO IS EMPOWER RETIREMENT™?
By now, you have probably seen the Empower Retirement name associated with your Pearson 401k Plan account and asked yourself “Who is Empower Retirement?” Empower is the culmination of three major players in the retirement services business: Great-West Financial®, J.P. Morgan Retirement Plan Services and Putnam Investments. The result is now the second-largest retirement services provider in the United States with approximately 7
million participants and $400 billion in assets under administration.
For you, the way to keep connected to your retirement account
stays the same. You still log-in at www.retireonline.com/pearson;
or you can speak with a representative by calling the same toll-free
number – 800-345-2345 -weekdays between 8 a.m. and 9 p.m. Eastern.
401(K) ANNUAL COMPANY CONTRIBUTION COMPLETED
As a reminder, the annual company contribution was credited to your Pearson Retirement Plan 401(k) account in March. You received a contribution for 2014 if you were actively employed on December 31, 2014, and were eligible to participate in the plan — whether or not you were actually saving in the plan. In total, Pearson contributed $15.5 million for the 2014 annual company contribution. This is in addition to the $46 million of matching company contributions that Pearson had made to participants who were contributing to the plan.
Employee Stock Purchase Plan – Share in Our Success
As an employee at Pearson, you contribute to the success of the company every day. Through the Employee Stock Purchase Plan (ESPP), you can continue to support and share in that success.
The ESPP gives eligible employees an opportunity to acquire Pearson stock at
a 15% discount through after-tax payroll deductions. ESPP deductions are
accumulated over six-month intervals called the “Offering Period.” The
accumulated deductions are then used to purchase Pearson shares at
the discounted price. The next Offering Period for the ESPP is July 1,
2015 through December 31, 2015, so keep an eye out for the enrollment
email in early June.
As a reminder, in late April the ESPP employee portal underwent a
facelift. To view a tour of the changes and a list of FAQs, please log
into your ESPP account at www.retireonline.com/pearson and click on the “Pearson plc Employee Stock Purchase Plan” link.