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2019 403(b) Fund Changes

On May 2, 2019, a number of exciting enhancements will take place in the investment fund options available to participants of MCW’s 403(b) Retirement Plan.  In a continuing effort to provide participants with a broad and prudent range of investment fund choices, MCW is taking the opportunity to enhance the investment fund selections offered within the Plan.

Our Review and Selection Process

MCW carefully monitors the investment options offered through the 403(b) Retirement Plan. We work with an external investment consulting firm to assist with the review and selection process.  Fund options are examined based on a number of factors including: diversification, investment style, expenses and performance. From time to time, changes to our investment menu are deemed appropriate based on these and other factors. 

Resources

Fund Changes Q & A

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What is Changing?

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.

What do I need to do?

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.

When can I see the new available funds in my Transamerica Account?
Transamerica will be busy performing all the required mapping of funds after close of business on May 1, 2019. The new fund line up will be available on May 2, 2019 at which time participants can make changes to investment allocations.

How will my allocations for future contributions change?

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.

New Fund Lineup as of May 1, 2019

Printable Charts (PDF)


Money Market/Fixed Income

Capital Preservation

Core

New York Life GIA*

Metropolitan West Total Return Bond MWTSX

Fidelity U.S. Bond Index* FXNAX

 

Balanced/ LifeCycle

Conservative

Moderate

Aggressive

Vanguard Target Retirement Funds

Income
VITRX

2015
VITVX

2020
VITWX

2025
VRIVX

2030
VTTWX

2035
VITFX

2040
VIRSX

2045
VITLX

2050
VTRLX

2055
VIVLX

2060
VILVX

2065
VSXFX

 

Domestic Equity


Value

Blend

Growth

Large-Cap Equity

Vanguard Equity Income VEIRX
Fidelity 500 Index* FXAIX
AB Large Cap Growth APGZX

Mid-Cap Equity

Wells Fargo Special Mid Value R6 WFPRX
Fidelity Mid Cap Index* FSMDX
Harford Mid Cap R6* HFMVX

Small-Cap Equity

Nuveen Small Cap Value R6 FSCWX
Fidelity Small Cap Index FSSNX
Wasatch Core Growth WIGRX

 

International/ Global Equity

Developed International

Emerging

MFS Inst. International Equity MIEIX

DFA Emerging Markets Core Equity DFCEX

Green – New Fund

Black – Existing fund
* Indicates were existing fund was replaced

Fund Mapping

Money Market/Fixed Income

Current Fund:

Mapping To:

TFLIC Guaranteed Pooled Fund

New York Life GIA

Vanguard Short Term TIPS Index
PIMCO Global Bond (USD Hedged)

Met West Total Return Bond

Vanguard Total Bond Market Index

Fidelity U.S. Bond Index

 

Domestic Equity

Current Fund:

Mapping To:

Columbia Contrarian Core Instl3

AB Large Cap Growth (50%)
Vanguard Equity Income (50%)

Vanguard Institutional Index Fund

Fidelity 500 Index

Fidelity Extended Market Index

Fidelity Mid Cap Index Fund (65%)
Fidelity Small Cap Index Fund (35%)

Eaton Vance Atlanta Capital Smid Cap R6

Hartford Mid Cap R6

 

International and Specialty Equity

Current Fund:

Mapping To:

Vanguard FTSE All World ex US Index

MFS Inst International Equity

PIMCO All Asset Fund Instl

Vanguard Target Date Funds (based on age chart below)

Retirement Date Funds - Age Mapping Default Chart:

Retirement Date Funds - Age Mapping Default Chart:

Year in which you turn 65

Vanguard Institutional Target Retirement 2065

1/1/2063

and later

Vanguard Institutional Target Retirement 2060

1/1/2058

12/31/2062

Vanguard Institutional Target Retirement 2055

1/1/2053

12/31/2057

Vanguard Institutional Target Retirement 2050

1/1/2048

12/31/2052

Vanguard Institutional Target Retirement 2045

1/1/2043

12/31/2047

Vanguard Institutional Target Retirement 2040

1/1/2038

12/31/2042

Vanguard Institutional Target Retirement 2035

1/1/2033

12/31/2037

Vanguard Institutional Target Retirement 2030

1/1/2028

12/31/2032

Vanguard Institutional Target Retirement 2025

1/1/2023

12/31/2027

Vanguard Institutional Target Retirement 2020

1/1/2018

12/31/2022

Vanguard Institutional Target Retirement 2015

1/1/2013

12/31/2017

Vanguard Institutional Target Retirement Income

12/31/2012

and earlier