UC periodically reviews the UC Retirement Savings Program (UCRSP 403b, 457b, and DC Plans) to make sure it continues to help you meet your retirement and financial goals. The factors considered include the range of investment options available through the Plans, investment option performance and value, and whether the Plans give you access to services that enhance your retirement readiness. As a result of UC’s review, a decision was made to consolidate the socially responsible fund offerings by removing the Calvert Capital Accumulation Fund from the UCRSP Fund Menu and transferring the UC participant assets into the Vanguard FTSE Social Index Fund. Fees and changes to the portfolio management team of the Calvert Capital Accumulation Fund were two factors considered in this decision.

After the market closes on Feb. 28, 2017, all future contributions and existing balances in the Calvert Capital Accumulation Fund will be transferred to the Vanguard FTSE Social Index Fund.

If you have an account affected by this change, Fidelity will contact you by mail or email, beginning on Jan. 26, 2017, with additional details. The transfer of balances will appear as an exchange on your account history, quarterly statement, and on NetBenefits beginning on March 1, 2017. You may also receive a prospectus as a result of this transaction.

No action is required on your part. However, if you have a balance in the Calvert Capital Accumulation Fund and do not want your future contributions and/or existing balance(s) in the Calvert Capital Accumulation Fund moved into the Vanguard FTSE Social Index Fund, you must request an exchange into another investment option available under the plans before 1 p.m. (PT) on Feb. 28, 2017.

If you would like more information, please contact Fidelity Retirement Services at 866-682-7787 to speak with a representative or make any changes to your account.