Audience: Employers
Product: Defined contribution, Hybrid, 457 and Health Care Savings Program
Contacts: Primary and HR
Date Sent: July 18
Format: Email
Description: Effective October 4, retirement plan assets in the LifePath 2025 Target Date Fund will transfer to the LifePath Retirement Fund. This is because the fund is reaching its target date. In transferring funds, stock investments are reduced, and bond investments are increased. This reduces investment risk for participants as they approach retirement.
An eblast was sent to all Primary and HR contacts at all municipalities with DC, H, HCSP or 457 on 7/17 with this information. Additionally, all participants with assets currently invested in this fund will receive a letter with details on the transfer the week of July 22.
Please note: Also effective October 4, the LifePath 2070 Fund will be added. More information will come on this addition as that date gets closer.
Samples: