As all of us experience the rapidly changing developments related to the COVID-19 pandemic, Colorado Retirement Association wants you to know how we’re responding to protect our member employers, employee participants and staff.
- Calls/Emails – Our call center will follow standard business hours, and calls into CRA offices will continue to be answered. We recognize that many of you have concerns about your retirement savings as they relate to the impact of the coronavirus on the markets, and we stand ready as always to serve you.
- In-Person Meetings – To protect you and our staff, in-person meetings with our client services team will be suspended for the foreseeable future. This also includes in-person visits to our offices in Littleton. However, our staff is available to meet with you via web conference. We will resume in-person meetings when concerns about the spread of the coronavirus have subsided.
- Group Meetings – Our client services team has been contacting member employers to reschedule or postpone group meetings that were scheduled for the coming weeks.
Additionally, we wanted to assure you that CRA, along with our investment advisor and recordkeeper, remain steadfast in closely monitoring the markets and executing our fiduciary responsibilities for your retirement savings.
We recognize that recent market volatility may raise concerns. Drawdowns are part and parcel with financial markets, and the markets have weathered similar storms before. As always, it is important to take a long-term view of retirement savings and have diversified portfolios. CRA target date portfolios are designed to be appropriately diversified for a participant’s anticipated retirement year. Employee participants are always welcome to make changes to their investments by logging into their accounts via cra-online.org or by calling 800.352.0313.
*CRA is not an investment advisor and does not make any representations nor guarantees as to the future performance, risk or return of the funds. This plan and its self-direction provisions are intended to constitute a plan similar to that described in section 404(c) of the Employee Retirement Income Security Act and Title 29 of the Code of Federal Regulations Section 2550.404c-1. The fiduciaries of this plan may be relieved of liability for any losses which are the direct and necessary result of investment information given to the employee.
