Brokerage Account

Overview

The TD Ameritrade Brokerage Account is an additional investment option available to you through your employer-sponsored retirement Plan (Plan), which is referred to as the “core account” administered by Voya Retirement Insurance and Annuity Company. This option gives you the freedom to invest a portion of your Plan assets in a brokerage account that provides access to a wide array of open-end mutual funds.

The TD Ameritrade Brokerage Account is designed for the experienced investor. Before using this option as part of your retirement portfolio, you should consider whether a TD Ameritrade Brokerage Account is appropriate for your long-term investment needs. If all of the following describes you as an investor, the brokerage account may be right for you:

  • I have access to the Internet.
  • I am knowledgeable about investment matters.
  • I am comfortable with and understand risk, and I am capable of making my own personal investment decisions.
  • I have experience using the Internet to research and manage my investments.
  • I have the time and investment expertise to research, evaluate and select investments consistent with my investment strategy and personal risk profile.
  • I have the time to monitor and manage my retirement plan portfolio.
  • I am willing to pay additional fees and charges to invest in investment choices not available within my core account.

If you are not comfortable actively managing your own investment portfolio, it’s likely the core investments in the Plan will help meet your needs. Additionally, Voya Financial™ and its affiliated companies, its officers, agents or employees cannot advise concerning the suitability of a security or investment strategy, nor can they provide financial, legal or tax advice.

Eligibility

To open a TD Ameritrade Brokerage Account, you must have a balance of at least $5,000 in your core investment options. Generally, the maximum amount that can be transferred to the brokerage account is 50% of your total retirement plan account balance with Voya™. The minimum transfer amount is $2,500 and you must maintain a minimum core account balance of $2,500. Your investments in the TD Ameritrade Brokerage Account are made through transfers from your core account. Your payroll contributions cannot be directed to TD Ameritrade – they must continue to be directed to one or more of the Plan’s core investment options.

Fees

If you choose to open a TD Ameritrade Brokerage Account, you will be charged a $50 fee annually on November 1st or the next business day the New York Stock Exchange is open, irrespective of when the account was opened. This fee will be deducted from the core investment options in your account under the Plan with Voya. Additionally, you will pay the brokerage account commission and fees as described in the Commission Schedule. Please refer to the mutual fund prospectuses for additional fees and charges that may apply to mutual fund trades.

Getting Started

To open a TD Ameritrade Brokerage Account, please follow these steps:

  1. Download the TD Ameritrade material using the links below:

    TD Ameritrade Account Agreement-Commission Schedule

    Participant Guide

    Participant Acknowledgement and Release Form

  2. Complete and return the TD Ameritrade Account Agreement and Roth Account Agreement (if applicable) to TD Ameritrade, who will open your account within 2 business days.
  3. Complete and return the Participant Acknowledgement and Release Form to Voya.
  4. Once the account is opened, TD Ameritrade will send you a Welcome Kit that includes your brokerage account number and explains their brokerage account services, procedures, commissions and fees. Additionally, you will receive a Personal Identification Number (PIN) under separate cover for security purposes. You will need both your account number and PIN to access your account through www.tdameritraderetirement.com.

    Log on using your TD Ameritrade account number and PIN. You will then be prompted to create a unique User ID and password. At this point you will be required to read and accept various agreements. A TD Ameritrade Brokerage Account can only be funded through transfers from investment options in your core account. You cannot make direct deferrals/contributions into the TD Ameritrade Brokerage Account or request a withdrawal directly from the account.

Brokerage services provided by TD Ameritrade, Inc., member FINRA/SIPC. TD Ameritrade is a trademark jointly owned by TD Ameritrade IP Company, Inc. and The Toronto-Dominion Bank.  ©2016 TD Ameritrade IP Company, Inc.  All rights reserved.  Used with permission.  TD Ameritrade and Voya Financial are separate and unaffiliated and are not responsible for each other's policies or services.