[UCRDBR] Retirement Savings Program - Fund Menu Changes on July 1, 2024

[Departmental Benefits Representatives]

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June 28, 2024

To:
Department Benefits Representatives (DBRs)
From:
Central HR Benefits Office on behalf of the UC Office of the President
Re:
Retirement Savings Program - Fund Menu Changes on July 1, 2024

DBRs, please share this information via your internal listserv.  Do not reply to this email.  Please
send a separate email with questions to benefits at ucr.edu<mailto:benefits at ucr.edu>.

On July 1, 2024, UC is expanding the fund menu for the Retirement Savings Program-the 403(b), 457(b) and DC Plans - to better serve the investing needs of plan participants.

Participants will have two new investment options in the UC RSP fund lineup:

  *   The UC Short Duration Bond Fund - Invests in high-quality U.S. government and corporate bonds with maturities of one to five years.
  *   The UC Blue and Gold Fund - Invests in global stocks and short-term U.S. bonds and will maintain a stable allocation of 80% stocks and 20% bonds.

Change to Fidelity BrokerageLink(r)

  *   Also on July 1, 2024, certificates of deposit (CDs)-fixed-term bank deposits with preset interest rates - will be added as an eligible investment through Fidelity BrokerageLink(r) in the 457(b) and DC Plan. These CDs are brokered CDs, which are different from traditional bank CDs.

Contact Information
Employees can contact a Fidelity representative to review their UC RSP investment options at 1-866-682-7787, Monday-Friday, 5:00 a.m.-9:00 p.m. PT.


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