515 Marin Street
Why Are Fund Changes Made?
From time to time, your employer may add, remove or replace investments in your investment selection menu in order to maintain a competitive menu of options designed to help you build a secure retirement.
There are many reasons why a fund may be removed or replaced. If the fund no longer meets the objective of the plan, it will be removed or replaced by a comparable fund. Similiarly, a new fund may be added in order to enhance the plan.
In short, your employer seeks to provide a current, competitive and progressive selection of options to help you build your retirement savings. Don't be surprised if you get a notice that a fund is being removed, added or replaced. It means your employer is striving to help you gain the advantage towards securing your retirement.
If you do not have any money allocated in the fund being changed, there will be no direct impact to you. However, if one or more of the funds you are invested in are being changed, your dollars will automatically be allocated to the alternative fund(s) as per the notice provided by your employer.
Even if you are not directly impacted by a fund change, a fund change may be a good opportunity to determine if your investment allocations are aligned to your goals and needs.
Be sure to visit your provider site to periodically review your asset allocation and investment selections. If you have any specific questions or wish to learn more, click the button above to schedule a meeting with an advisor.