Converge Retirement Plan Year End Report for 2011

The Converge Retirement Plan had an investment return of (-1.3%) in 2011.  While it is always disappointing to have a negative annual return, we are pleased that we have already wiped out that negative amount in the first few weeks of January.  This reflects the volatility we have seen in recent months and years.  Thankfully our Trustees are well-qualified and focused on the long-term as they manage the assets.

We added 65 new participants in 2011.  We have 617 retirees drawing an average benefit of $893 each month from the defined benefit plan.  We paid out over $6.4 million in pension benefits in 2011.  The plan has 811 active participants contributing into the plan, and 545 inactive participants (not yet retired, but not currently contributing).

Thanks for the privilege of serving your retirement needs.  We are honored to work on your behalf and will continue to do our best to protect your interests and provide a quality Plan.  Please call us at

877-482-6882 if you have any questions about the Plan.  You can also visit us on the web at www.convergeretirement.org.

Please review the enclosed benefit statement and let us know if you have any questions regarding your account.  The front page shows your Defined Benefit current and projected annual pension and the back page shows your Defined Contribution Plan account balance.

God's best to you,

Stephen Shultz
Plan Administrator