Effective Sept. 30, 2014, UC is making several changes in the investment fund line-up for the UC Retirement Savings Program, which includes the DC Plan, the 403(b) Plan and the 457(b) Plan.
UC periodically reviews the retirement savings plans to make sure they continue to help participants meet their retirement and financial goals. As a result of recent reviews, the following changes will be made:
- The age-appropriate UC Pathways Fund will replace the UC Savings Fund as the default fund. This affects future contributions of people who did not choose an investment fund when they began contributing to a plan. It also affects so-called ‘safe harbor” employees who make mandatory contributions to the DC Plan.
- The UC Equity Fund will be renamed the UC Global Equity Fund to better reflect the investment fund’s global portfolio.
- The Dreyfus Treasury Prime Cash Management Fund will no longer be available. Account balances and future contributions will be directed to the UC Savings Fund.
- Seven Spartan funds will have lower fees.
Participants affected by these changes will receive email communications regarding the changes. Those without email addresses on file will receive notification via U.S. mail.
If you have any questions, please call Fidelity Retirement Services at 866-682-7787.