Human Resources

After a comprehensive review of the fund lineup, we have elected to introduce a number of enhancements to the investment options offered.  We believe that these changes will offer expanded options to participants who wish to construct their own investment portfolios as well as provide further diversification for those using Transamerica’s automated fund selection tools, PortfolioXpress or Managed Advice.

• Added more actively managed domestic equity funds across the style and size spectrum
• Enhanced our Index fund offerings for those who prefer passive investment options
• Removed some funds from our current lineup that were either duplicative, had very little invested assets or where we could provide similar funds with slightly lower expense ratios

The Target Date Fund Series remains unchanged and serves as an investment solution for those who do not wish to select their own underlying funds and allocation.

You don’t have to do anything. Balances and future contributions within impacted funds  will be automatically transferred to the replacement funds as shown below on the You don’t have to do anything. Balances and future contributions within impacted funds  will be automatically transferred to the replacement funds as shown below on the fund changes.  For anyone using PortfolioXpress or Managed Advice, balances and future contributions will automatically incorporate any of the new investment fund offerings as appropriate given your selected investment strategy..  For anyone using PortfolioXpress or Managed Advice, balances and future contributions will automatically incorporate any of the new investment fund offerings as appropriate given your selected investment strategy.

After the new funds are part of the Plan, consider reviewing your investment mix in the new funds.  You can then make changes to your current mix and how future contributions will be invested by accessing your account at MCW.TRSRETIRE.COM.

For most individuals, your future percent allocations will not change, the percent allocation will simply transition to the new funds as outlined in the Fund Mapping table. There may be some individuals were your future percent allocations will be slightly modified if you currently allocate to either the Columbia Contrarian Core Instl3 or Fidelity Extended Market Index and your percent allocation to those funds are odd numbers because we are splitting those funds into two new funds. Allocations are required to be in whole numbers only so we will round up the allocation split to accommodate.
For example, if you are currently allocating 5% to either Columbia Contrarian Core Instl3 or Fidelity Extended Market Index, the following will occur:

• Columbia Contrarian Core Instl3 fund is being split 50/50, at a 5% current allocation your new allocation will be 3% to Vanguard Equity Income Fund and 2% to AB Large Cap Growth Fund
• Fidelity Extended Market Index is being split 65/35, at a 5% current allocation your new allocation will be 4% to Fidelity Mid Cap Index Fund and 1% to Fidelity Small Cap Index Fund.

If you are currently participating in either the Columbia Contrarian Core Instl3 or Fidelity Extended Market Index we encourage you to review and adjust your allocations, as desired, on May 2.