Notice Regarding UC Retirement Savings Program Expenses

Historically, fees for UC Retirement Savings Program administrative and investment management services have been combined and charged to you as a percentage of your assets (referred to as your investment fund’s “expense ratio”).

Beginning June 1, 2017, these fees will be charged separately as follows:

Administrative Services

An $8.75 quarterly fee will be deducted from your account balance for administrative services.

  • You will only be charged a single fee each quarter for administrative services, regardless of how many accounts you hold.
  • The first quarterly fee will be deducted in July 2017 and will reflect one month of fees (for June).

Investment Management Services

The expense ratio for each fund’s investment management expense is available on NetBenefits.com.

No action is required on your part.

QUESTIONS?

  • Review the FAQs for additional information.
  • Call Fidelity Retirement Services at 1-866-682-7787 to speak with a representative.

 

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