What is the Cash Option?
The Cash Option is a conservative alternative to investing. It is most similar to a savings account that you would find at a local bank or credit union. Your assets (up to $250,000) are protected in an FDIC-insured account, which means the federal government guarantees you will not lose the money you saved. Keep in mind that with a low level of risk there’s also a lower level of returns.
If you plan on spending money from the account in the near future, this option is faster to withdraw. It takes 2-3 business days to withdraw funds from the Cash Option. See the Plan Disclosure Booklet for more information on FDIC insurance.
