How do participants add Asset Allocation Models?
Asset Allocation Models are a great way for participants to control their fund allocations, set up auto rebalancing and help streamline payroll processing.
- First, participants need to establish online access to their Homestead Funds account by following these instructions: Homestead Funds Deferred Compensation Online Access for Plan Participants.
- Then, they will follow these instructions to establish their Asset Allocation Model: Adding an Asset Allocation Model to an Existing Account.
- The system will allow participants to process a one-time rebalance, if they wish, or set up the account to auto rebalance back to their Model Allocations on a schedule of their choosing.
- Participants can update their Model anytime following the same process as they did to add the Model. This allows them to control their allocation changes without having to communicate them with the co-op.
- If your participants don’t want to establish online access, instead they can complete this form for processing: Asset Allocation Model Form.
- The form must be signed by the participant AND an authorized cooperative representative.
Once the Model is established, Homestead Funds will use the model allocations to process payroll purchases. When the co-op submits payroll purchases, you’ll just need to include “555” as the Homestead Funds fund number and the amount instead of each Homestead Funds fund number and amount separately. Please refer to these payroll instructions for more detailed information: Employer Instructions to Submit Funds.