Re: Changes to the Tufts University Retirement Plans Investment Options
Dear Tufts University Retirement Plan Participant:
Tufts University reviews the investment options available through the Tufts University Retirement Plans to make sure they continue to help you meet your financial goals and investment objectives. As a result, the following changes are being made to the Plans’ investment lineup.
New Investment Option
Effective as of the market close (generally 4 p.m. Eastern time) on September 24, 2012, one new investment option will be added to the investment lineup. Your new investment option is listed below. Please see the investment option description in the Investment Option Description section of this letter.
- MFS Value Fund Class R3
Investment Option No Longer Available
Effective as of the market close (generally 4 p.m. Eastern time) on September 25, 2012 the investment option shown below under Old Investment Option will no longer be available under the Tufts University Retirement Plans. All existing balances and future contributions in this investment option will be transferred to the investment option shown below under New Investment Option as of the market close (generally 4 p.m. Eastern time) on September 25, 2012. The transfer of balances will appear as an exchange on your account history and quarterly statement. You may receive a prospectus as a result of this transaction.
|Old Investment Option||New Investment Option|
|Eaton Vance Large Cap Value Fund Class A Fund Code: OSAU Ticker Symbol: EHSTXExpense Ratio 0.98%||→||MFS Value Fund Class R3 Fund Code: OUCT Ticker Symbol: MEIHXExpense Ratio 0.94%|
Expense Ratio Information as of 07/31/2012
For a mutual fund, the expense ratio is the total annual fund or class operating expenses (before waivers or reimbursements) paid by the fund and stated as a percentage of the fund’s total net assets. Expense ratios change periodically and are drawn from the fund’s prospectus. For more detailed fee information, see the fund prospectus or annual or semiannual reports.
The reallocation of assets depends on the timely liquidation of those assets. A delay in liquidation may result in a change to the above-noted dates.
Action to Consider
If you do not want your existing balances and future contributions to transfer to the investment option as shown above, you must contact Fidelity Investments before 4 p.m. Eastern time on September 25, 2012 and request an exchange. You can do so by logging on to Fidelity NetBenefits® at www.fidelity.com/atwork or calling toll free at 800-343-0860, Monday through Friday (excluding New York
Stock Exchange holidays), between 8 a.m. and Midnight Eastern time to speak with a Customer Service Associate.
Tufts University has directed Fidelity Investments, a Plan service provider, to collect and present this information to you. Fidelity has consolidated information from both Investment Vendors, TIAA-CREF and Fidelity. The Notice contains information that can help you make informed decisions in the Plans and includes:
- Fees and expenses related to the Plans
- Participant rights under the Plans
- Rules related to providing investment direction
- Details about the Plans’ investment options, including investment-related fees and restrictions
More information about the new Participant Disclosure Notice is available on the Tools and Learning home page (under the Investing Guidance heading) after you log on to www.fidelity.com/atwork. You can also view an informational video about the notice by clicking on this link: https://www.brainshark.com/fidelityemg/participantfeedisclosure.
Additional information about the Plan’s investment options, including a glossary of investment terms to help you better understand the Plan’s investment options, will be available online at http://mv.participantdisclosure.com. The password for the site will be your Tufts University Plan number (provided below).
Plan Number Plan Name
57496 Tufts University 401(a) Basic Retirement Plan
86801 Tufts University 403(b) Voluntary Retirement Plan
If you have any questions about this notice, you are invited to contact Fidelity Investments toll-free at
1-800-642-7131. Representatives are available Monday through Friday, from 8:00 a.m. to midnight Eastern time.
Effective March 1, 2011, new investment fund options in the Tufts University 401(a) Basic and 403(b) Voluntary Retirement Plans will be available. Click here for details of the funds available.
Fidelity & TIAA CREF Fund Performance
Fund performance for all of the funds included through Fidelity are included here.
Fund performance for the TIAA-CREF Basic Retirement funds are included here.
Fund performance for the TIAA-CREF Voluntary Retirement funds are included here.