Audience: Participants

Product: Defined Contribution, Hybrid (DC portion), DC+, 457, Health Care Savings Program, MERS IRA

Contacts: All PDA participants currently invested in one of the affected funds

Date sent: 11/7/19

Format: Mailed letter

Description: Effective 1/1/20, underlying investment managers will change for three investment funds. ​These changes are a result of MERS’ fiduciary responsibility to help participants build a diversified portfolio at a reasonable cost.

A letter is being mailed on 11/7 to all participants that are currently invested in one of these three funds informing them of the upcoming change. A copy of the letter can be found here.