[UCRDBR] Retirement Savings Program Administrative Fee Reduction

[Departmental Benefits Representatives]

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January 6, 2021

To:          Department Benefits Representatives (DBRs)
From:      HR Benefits Office
Re:          Retirement Savings Program Administrative Fee Reduction
Effective October 1, 2020, the quarterly administrative fee charged to Retirement Savings Program participants is being reduced from $8.75 ($35 annually) to $8.25 ($33 annually). The reduction reflects lower expenses associated with plan operations.
The deduction of the program fee from participants' accounts for the fourth quarter (October 1 - December 31) began on January 4, 2021.
Participants requesting more information may view the announcement<https://myucretirement.com/Resource/2303> on myUCretirement.com or contact Fidelity at (866) 682-7787.


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