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<td width="623" colspan="2" valign="top" style="width:467.5pt;padding:0in 5.4pt 0in 5.4pt;height:21.55pt">
<p class="MsoNormal" style="margin-bottom:0in;line-height:normal"><span style="font-size:11.0pt;font-family:"Arial",sans-serif;color:black;border:none windowtext 1.0pt;padding:0in"><img width="144" height="55" id="_x0000_i1026" src="cid:image001.png@01DCAA37.FE7F96D0" alt="A blue text on a black background
AI-generated content may be incorrect."></span><b><span lang="EN" style="font-size:11.0pt;font-family:"Arial",sans-serif"><o:p></o:p></span></b></p>
<p class="MsoNormal" style="margin-bottom:0in;line-height:normal"><b><span lang="EN" style="font-size:11.0pt;font-family:"Arial",sans-serif"><o:p> </o:p></span></b></p>
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<td width="623" colspan="2" valign="top" style="width:467.5pt;padding:0in 5.4pt 0in 5.4pt;height:21.55pt">
<p class="MsoNormal" style="margin-bottom:0in;line-height:normal"><b><span lang="EN" style="font-size:11.0pt;font-family:"Arial",sans-serif">March 2, 2026<o:p></o:p></span></b></p>
<p class="MsoNormal" style="margin-bottom:0in;line-height:normal"><b><span lang="EN" style="font-size:11.0pt;font-family:"Arial",sans-serif"><o:p> </o:p></span></b></p>
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<p class="MsoNormal" style="margin-bottom:0in;line-height:150%"><span lang="EN" style="font-size:11.0pt;line-height:150%;font-family:"Arial",sans-serif">To:
<o:p></o:p></span></p>
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<td width="571" valign="top" style="width:427.95pt;padding:0in 5.4pt 0in 5.4pt;height:.2in">
<p class="MsoNormal" style="margin-bottom:0in;line-height:150%"><span lang="EN" style="font-size:11.0pt;line-height:150%;font-family:"Arial",sans-serif">Department Benefits Representatives (DBRs)<o:p></o:p></span></p>
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<p class="MsoNormal" style="margin-bottom:0in;line-height:150%"><span lang="EN" style="font-size:11.0pt;line-height:150%;font-family:"Arial",sans-serif">From:
<o:p></o:p></span></p>
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<td width="571" valign="top" style="width:427.95pt;padding:0in 5.4pt 0in 5.4pt;height:.2in">
<p class="MsoNormal" style="margin-bottom:0in;line-height:150%"><span lang="EN" style="font-size:11.0pt;line-height:150%;font-family:"Arial",sans-serif">Central HR Benefits Office on behalf of UC Office of the President<o:p></o:p></span></p>
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<p class="MsoNormal" style="margin-bottom:0in;line-height:150%"><span lang="EN" style="font-size:11.0pt;line-height:150%;font-family:"Arial",sans-serif">Re:
<o:p></o:p></span></p>
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<p class="MsoNormal" style="margin-bottom:0in;line-height:150%"><b><span style="font-size:11.0pt;line-height:150%;font-family:"Arial",sans-serif">UC Retirement Savings Program – Updates to Investment Options</span></b><span lang="EN" style="font-size:11.0pt;line-height:150%;font-family:"Arial",sans-serif"><o:p></o:p></span></p>
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<p class="MsoNormal" style="margin-bottom:0in;line-height:normal;border:none;padding:0in">
<span style="font-size:11.0pt;font-family:"Arial",sans-serif"><o:p> </o:p></span></p>
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<p class="MsoNormal" style="margin-bottom:0in;line-height:normal"><span style="font-size:11.0pt;font-family:"Arial",sans-serif"><o:p> </o:p></span></p>
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<p style="margin:0in"><span style="font-size:11.0pt;font-family:"Arial",sans-serif;color:black">DBRs, please share this information via your internal listserv.
<b><u>Please do not reply to this email</u></b>. Please send a separate email with questions to
</span><a href="mailto:benefits@ucr.edu"><span style="font-size:11.0pt;font-family:"Arial",sans-serif">benefits@ucr.edu</span></a><span style="font-size:11.0pt;font-family:"Arial",sans-serif;color:black">.<o:p></o:p></span></p>
<p style="margin:0in"><span style="font-size:11.0pt;font-family:"Arial",sans-serif"><o:p> </o:p></span></p>
<p class="MsoNormal" style="margin-bottom:0in;line-height:normal"><span lang="EN" style="font-size:11.0pt;font-family:"Arial",sans-serif"><o:p> </o:p></span></p>
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<p><span style="font-size:11.0pt;font-family:"Arial",sans-serif;color:black">The UC Retirement Savings Program (UC RSP), managed by Fidelity Investments, offers a full range of investment options to help employees build their retirement savings. The University
of California is constantly evaluating the offerings<b>,</b> and, from time to time, adjusting the lineup to better serve employee investment needs.<o:p></o:p></span></p>
<p><span style="font-size:11.0pt;font-family:"Arial",sans-serif;color:black">There are three changes coming to the investment options in the UC RSP, effective April 1, 2026. One new investment option will be added, and two current investment options will be
removed.<o:p></o:p></span></p>
<p><b><span style="font-size:11.0pt;font-family:"Arial",sans-serif;color:black">New investment option</span></b><span style="font-size:11.0pt;font-family:"Arial",sans-serif;color:black"><o:p></o:p></span></p>
<p><span style="font-size:11.0pt;font-family:"Arial",sans-serif;color:black">Beginning April 1, 2026, employees will have a new investment option in the UC RSP fund lineup:<o:p></o:p></span></p>
<p style="margin-left:.5in;text-indent:-.25in;mso-list:l4 level1 lfo3"><![if !supportLists]><span style="font-size:10.0pt;font-family:Symbol;color:black"><span style="mso-list:Ignore">·<span style="font:7.0pt "Times New Roman"">
</span></span></span><![endif]><b><span style="font-size:11.0pt;font-family:"Arial",sans-serif;color:black">The UC Money Market Fund</span></b><span style="font-size:11.0pt;font-family:"Arial",sans-serif;color:black"> will seek to maximize current income, with
a strong focus on protecting principal. <a href="https://myucretirement.com/resources/articles/0094?utm_source=email&utm_medium=notice&utm_campaign=adhoc&utm_id=46073&utm_content=cta-fund-changes" target="_blank">Learn more about this new investment option.</a><o:p></o:p></span></p>
<p><b><span style="font-size:11.0pt;font-family:"Arial",sans-serif;color:black">Investment options being removed</span></b><span style="font-size:11.0pt;font-family:"Arial",sans-serif;color:black"><o:p></o:p></span></p>
<p><span style="font-size:11.0pt;font-family:"Arial",sans-serif;color:black">When the market closes (generally 1:00 p.m. PT / 4:00 p.m. ET) on March 31, 2026, two investment options currently offered through the UC RSP will no longer be available:<o:p></o:p></span></p>
<p style="margin-left:.5in;text-indent:-.25in;mso-list:l1 level1 lfo4"><![if !supportLists]><span style="font-size:10.0pt;font-family:Symbol;color:black"><span style="mso-list:Ignore">·<span style="font:7.0pt "Times New Roman"">
</span></span></span><![endif]><b><span style="font-size:11.0pt;font-family:"Arial",sans-serif;color:black">The UC Savings Fund</span></b><span style="font-size:11.0pt;font-family:"Arial",sans-serif;color:black"> <i>Category: Short‑Term Bond</i><o:p></o:p></span></p>
<p style="margin-left:.5in;text-indent:-.25in;mso-list:l1 level1 lfo4"><![if !supportLists]><span style="font-size:10.0pt;font-family:Symbol;color:black"><span style="mso-list:Ignore">·<span style="font:7.0pt "Times New Roman"">
</span></span></span><![endif]><b><span style="font-size:11.0pt;font-family:"Arial",sans-serif;color:black">The UC TIPS Fund</span></b><span style="font-size:11.0pt;font-family:"Arial",sans-serif;color:black"> <i>Category: Inflation‑Protected Bond</i><o:p></o:p></span></p>
<p><span style="font-size:11.0pt;font-family:"Arial",sans-serif;color:black">As a result, all existing balances and future contributions for each of these two funds will be transferred to another investment option in the UC RSP with similar investment objectives,
as determined by the University of California. See the following chart for details.<o:p></o:p></span></p>
<p><span style="font-size:11.0pt;font-family:"Arial",sans-serif;color:black"><o:p> </o:p></span></p>
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<p class="MsoNormal"><img border="0" width="758" height="339" id="Picture_x0020_1" src="cid:image002.png@01DCAA37.FE7F96D0"></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">The transfer of balances will appear as an exchange on member account histories and quarterly statements.<o:p></o:p></p>
<p class="MsoNormal">The dates shown are based on the timing and accuracy of a variety of factors, including the transfer of data, receipt of instructions, and receipt of assets. Changes in any of these factors may result in changes to the dates and timing,
including the dates on which, and thus the prices at which, assets in member accounts are sold and/or reinvested.<o:p></o:p></p>
<p class="MsoNormal"><b>What do employees need to do?</b><o:p></o:p></p>
<p class="MsoNormal">Employees do not need to take any action. However, if they are invested in a fund that is being removed and would like to make changes to their account or investment options before these changes occur, they can log on to Fidelity NetBenefits®
at <a href="https://netbenefits.com/" target="_blank">https://netbenefits.com</a> or call a Fidelity representative at <b>1‑866‑682‑7787</b>, Monday–Friday, 5:30 a.m. to 5:00 p.m. (PT).<o:p></o:p></p>
<p class="MsoNormal"><b>Additional information for employees</b><o:p></o:p></p>
<p class="MsoNormal">Employees may learn more about these changes by:<o:p></o:p></p>
<ol style="margin-top:0in" start="1" type="1">
<li class="MsoNormal" style="mso-list:l0 level1 lfo5">Reviewing the changes and all available investment options at <a href="https://myucretirement.com/resources/articles/0038?utm_source=email&utm_medium=notice&utm_campaign=adhoc&utm_id=46073&utm_content=cta-learn-funds" target="_blank">myUCretirement.com</a><o:p></o:p></li><li class="MsoNormal" style="mso-list:l0 level1 lfo5">Attending the <i><a href="https://fmr.zoom.us/webinar/register/WN_nCBExRHqQiibdd0zzHeK7A#/registration" target="_blank">Guide to Investing in the UC RSP</a><span style="font-style:normal"> webinar. Sessions
are scheduled throughout March 2026.<o:p></o:p></span></i></li></ol>
<p class="MsoNormal">Employees may want to review their investment mix to ensure savings are on track to meet retirement goals. A Fidelity representative can assist employees review UC RSP investment options.<o:p></o:p></p>
<p class="MsoNormal"><b>Communications and resources</b><o:p></o:p></p>
<p class="MsoNormal">Participants can also read about the upcoming changes on <a href="https://myucretirement.com/resources/articles/0094?utm_source=email&utm_medium=notice&utm_campaign=adhoc&utm_id=46073&utm_content=cta-fund-changes" target="_blank">myUCretirement.com</a>. </p>
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