AMO Plans: Estimated Retirement Projection Statements now available on the AMO Plans Secure Web Portal
The American Maritime Officers Retirement Services Department is pleased to announce the availability of a consolidated statement for each individual AMO member and applicant containing their various AMO Plans retirement benefits, known as the Estimated Retirement Projection Statement (ERPS). This personalized statement displays a unique look into the projected growth of the benefits that each participant is earning and the projected balances once they have reached the normal retirement age.
Each AMO member or applicant can log into the secure AMO Plans Web portal to view their individual statement.
You can find the Secure Portal on the AMO Plans website by selecting the MY BENEFITS-SECURE SITE tab at the top of the page (or in the menu on a mobile device). If you have not already registered, please do so online.
Your 2022 ERPS will also be mailed to your current address unless you have consented to received documents and notices electronically.
AMO Plans offers an array of retirement benefits, and based on each individual's participation, the ERPS reflects a projection for:
- AMO 401(K) Plan
- AMO Money Purchase Benefit (MPB)
- AMO Defined Contribution (DC) Plan
- AMO Pension Plan Defined Benefit
Please note that the total years may vary between your AMO Defined Contribution Plan and your total years of AMO service.
In order for AMO Plans to maintain the most accurate records, please carefully review and verify the statement provided. In addition, please update the Plan office with any changes or missing information. Should you have any questions, please call (800) 348-6515 extension 14.
The American Maritime Officers Defined Contribution, 401(k) and MPB retirement accounts allow participants to choose how to invest their funds. The Vanguard Target Date Funds (TDFs) are also available as an investment option. TDFs provide participants with automatic adjustments to asset allocations as they approach retirement age. This can serve as an easy option, allowing participants to remain in TDFs through their careers.
Your participation in the 401(k) Plan is a major factor for your retirement future. There are tax advantages to saving towards your retirement in the AMO 401(k) Plan. If you are not currently enrolled in the 401(k) Plan, but would like to participate in having additional savings for retirement, please complete and submit the AMO 401(k) enrollment form, which is available online.