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More enhancements coming to your investment lineup

As announced earlier this year, we're redesigning our investment lineup to improve your long-term financial outcomes. We are now entering phase 2 of those improvements.

What we’ve already accomplished

In June, we concluded Phase 1 of the initiative by implementing the following changes to the plan’s investment lineup:

  • Transitioned assets in the Savings Plus target date funds to corresponding State Street target date funds
  • You can learn more about the State Street target date funds by reviewing the fund fact sheet.
  • Removed the Savings Plus Target Date 2020 Fund
  • Added the State Street Target Date 2070 Fund, introduced for participants who will turn age 62 near the year 2070
  • Closed the Short Term Investment Fund and moved its assets to a target date fund that aligns with the year you reach age 62
  • The Short Term Investment Fund – Cash was not impacted and continues to be an investment option

What’s coming next

On or about December 19, 2025, Savings Plus will implement a redesigned investment lineup that adds, removes and renames funds, and maps assets in certain funds to options that are new to Savings Plus. These changes are designed to improve your long-term financial outcomes and will happen automatically. No action is required from you.

You can learn more about each of the funds in the new investment lineup by referring to their fund fact sheets.

Closing fund Receiving fund
Savings Plus 401(k) and 457(b) fund changes
Mid Cap Fund Small Mid Cap Fund (NEW)
Small Cap Fund Small Mid Cap Fund (NEW)
Mid Cap Index Fund Small Mid Cap Index Fund (NEW)
Small Cap Index Fund Small Mid Cap Index Fund (NEW)
Large Cap Fund Large Cap Index Fund
Diversified Real Return Fund State Street Target Retirement Series (TDFS Income - 2070)
Savings Plus 401(k) and 457(b) New Complete Fund Lineup
Stable Value Fund (NEW)
Small Mid Cap Fund (NEW)
Small Mid Cap Index Fund (NEW)
Bond Fund
Bond Index Fund
International Fund
International Index Fund
Large Cap Index Fund
Short Term Investment Fund - Cash
Socially Responsible Fund
State Street Target Retirement Series (TDFS Income - 2070)
Savings Plus PST Plan Fund Changes
Short Term Investment Fund - PST Stable Value Fund PST (NEW)

What this means for you

No action required: These changes will happen automatically and will not impact your current investment objectives or financial goals.

Routinely review investment strategy: It is always a good idea to regularly review your investment strategy to ensure that it aligns with your retirement planning goals.

Attend a webinar

Join an upcoming informational webinar to learn more about the fund changes:

October 22, 2025 | 3 – 4 p.m. PT | Register
November 5, 2025 | 1 – 2 p.m. PT | Register

December 2, 2025 | 1 – 2 p.m. PT | Register
December 12, 2025 | 10 – 11 a.m. PT | Register

Frequently asked questions

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There are 3 new funds being added to the Plan.

Small Mid Cap Fund — This actively managed fund seeks to provide long-term capital appreciation by investing in selected U.S. companies within the small mid cap equity market segment. This fund replaces the existing Small Cap Fund and Mid Cap Fund.

Small Mid Cap Index Fund — This passively managed index fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of its underlying index. This fund replaces the existing Small Cap Index Fund and Mid Cap Index Fund.

Stable Value Fund — A Stable Value Fund in a retirement plan is a low-risk investment option that seeks to preserve capital while providing steady returns through interest income. It typically invests in high-quality fixed-income securities and insurance contracts, offering participants stability and liquidity.

If you have assets in the Small Cap Fund, Mid Cap Fund, Small Cap Index Fund, Mid Cap Index Fund or Large Cap Fund, those assets will be moved on or around December 19, 2025, in accordance with the table below:

Current lineup Receiving fund
Small Cap Fund Small Mid Cap Fund
Mid Cap Fund Small Mid Cap Fund
Small Cap Index Fund Small Mid Cap Index Fund
Mid Cap Index Fund Small Mid Cap Index Fund
Large Cap Fund Large Cap Index Fund

If you have assets in the Diversified Real Return Fund, on or around December 19th, 2025, those assets will be moved on or around December 19, 2025, in accordance with the table below:

Fund eliminations Birth year range Receiving fund
Diversified Real Return Fund 2006+ State Street Target Retirement 2070
Diversified Real Return Fund 2001-2005 State Street Target Retirement 2065
Diversified Real Return Fund 1996-2000 State Street Target Retirement 2060
Diversified Real Return Fund 1991-1995 State Street Target Retirement 2055
Diversified Real Return Fund 1986-1990 State Street Target Retirement 2050
Diversified Real Return Fund 1981-1985 State Street Target Retirement 2045
Diversified Real Return Fund 1976-1980 State Street Target Retirement 2040
Diversified Real Return Fund 1971-1975 State Street Target Retirement 2035
Diversified Real Return Fund 1966-1970 State Street Target Retirement 2030
Diversified Real Return Fund 1961-1965 State Street Target Retirement 2025
Diversified Real Return Fund 1960 < = State Street Target Retirement — Income

If you have assets in the Short Term Investment Fund PST they will be moved on or around December 19, 2025, to the new Stable Value Fund PST.

You don’t need to take any action. The fund mapping process will automatically transfer your investments from one fund to another of a similar type. If you’re invested in a fund that’s being closed or removed from the Plan, your money will be moved to the corresponding investment option.

You don’t need to take any action. The fund mapping process will automatically transfer your contribution investment elections to the corresponding investment option

The Plan’s investment structure was reviewed to reassess the number and types of options available, with a focus on offering lower-cost investments when possible. Changes were made to provide cost savings and/or improved performance for participants.

This process is automatic, and there are no fees associated with this change.

While this change offers an opportunity to potentially enhance your investment strategy, it’s important to ensure that your investments align with your retirement goals, and to make adjustments as your situations or goals evolve. Ultimately, the impact of this change will depend on the performance of the new funds.

No, these changes are part of our regular review process. We continuously strive to provide you with the best possible investment options that align with industry best practices and fiduciary standards. This proactive approach ensures that your long-term retirement goals are well supported, regardless of market conditions. For more insights on investing during volatile market conditions, please refer to these resources.

If you have questions or need assistance, contact the Savings Plus Solutions Center or schedule an appointment with the Retirement Resource Group®.

Have a specific question we didn't answer? Contact us
If you have questions or need further information, please schedule an appointment with a Retirement Specialist or call the Savings Plus Solutions Center at 1-855-616-4776.