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<p class="MsoNormal"><a name="_Hlk153891391"><img width="159" height="60" style="width:1.6562in;height:.625in" id="_x0000_i1025" src="cid:image001.jpg@01DAD13E.6ADC4910"><o:p></o:p></a></p>
<p class="MsoNormal"><span style="mso-bookmark:_Hlk153891391"><span style="font-family:"Arial",sans-serif"><o:p> </o:p></span></span></p>
<p class="MsoNormal"><span style="mso-bookmark:_Hlk153891391"><span style="font-family:"Arial",sans-serif">July 8, 2024<o:p></o:p></span></span></p>
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<span style="mso-bookmark:_Hlk153891391"><span style="font-family:"Arial",sans-serif">To:<o:p></o:p></span></span></p>
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<span style="mso-bookmark:_Hlk153891391"><span style="font-family:"Arial",sans-serif">Department Benefits Representatives (DBRs)<o:p></o:p></span></span></p>
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<span style="mso-bookmark:_Hlk153891391"><span style="font-family:"Arial",sans-serif">From:<o:p></o:p></span></span></p>
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<span style="mso-bookmark:_Hlk153891391"><span style="font-family:"Arial",sans-serif">Central HR Benefits Office on behalf of UC Office of the President<o:p></o:p></span></span></p>
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<span style="mso-bookmark:_Hlk153891391"><span style="font-family:"Arial",sans-serif">Re:<o:p></o:p></span></span></p>
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<p class="MsoNormal"><span style="mso-bookmark:_Hlk153891391"><span style="font-family:"Arial",sans-serif">Retirement Savings Program - Administrative fee reduction in July 2024</span></span><span style="mso-bookmark:_Hlk153891391"><b><span style="font-size:14.0pt;line-height:105%;font-family:"Arial",sans-serif">
</span></b></span><span style="mso-bookmark:_Hlk153891391"><span style="font-family:"Arial",sans-serif;color:#1A475F"><o:p></o:p></span></span></p>
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<p class="MsoNormal" style="margin-bottom:0in;line-height:normal"><span style="mso-bookmark:_Hlk153891391"><b><span style="font-family:"Arial",sans-serif"><o:p> </o:p></span></b></span></p>
<p class="MsoNormal" style="margin-bottom:0in;line-height:normal"><span style="mso-bookmark:_Hlk153891391"><b><span style="font-family:"Arial",sans-serif">DBRs, please share this information via your internal listserv.
<u>Do not reply to this email.</u> Please<o:p></o:p></span></b></span></p>
<p class="MsoNormal" style="margin-bottom:0in;line-height:normal"><span style="mso-bookmark:_Hlk153891391"><b><span style="font-family:"Arial",sans-serif">send a separate email with questions to
</span></b></span><a href="mailto:benefits@ucr.edu"><span style="mso-bookmark:_Hlk153891391"><b><span style="font-family:"Arial",sans-serif">benefits@ucr.edu</span></b></span><span style="mso-bookmark:_Hlk153891391"></span></a><span style="mso-bookmark:_Hlk153891391"><b><span style="font-family:"Arial",sans-serif">.<span style="color:blue"><o:p></o:p></span></span></b></span></p>
<p class="MsoNormal"><span style="font-family:"Arial",sans-serif"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-family:"Arial",sans-serif">Effective July 1, 2024, the administrative fee for UC’s 403(b), 457(b) and DC Plans was reduced from $31 to $29 annually ($7.25 quarterly).
<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-family:"Arial",sans-serif">Participants do not need to take any action—the $7.25 administrative fee deduction dated July 1, 2024 will show on account statements.
<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-family:"Arial",sans-serif">Questions about the fee reduction may be directed to Fidelity at 1-866-682-7787, Monday-Friday, 5:00 a.m. – 9:00 p.m. Pacific Time.
<o:p></o:p></span></p>
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