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Wednesday, June 8, 2005

















Fidelity Takes Over Retirement Savings; Employee Briefings Set

Beginning in July, participant account and record-keeping services for the Defined Contribution Plan (DC Plan) and Tax Deferred 403(b) Plan will be provided by Fidelity Investments Tax-Exempt Services Company (FITSCO), which already provides these services for the 457(b) Deferred Compensation Plan. Together, the three plans (DC Plan, 403(b) Plan and 457(b) Plan) will be known as the University of California Retirement Savings Program.

The new FITSCO services arrangement will provide employees with:

  • A toll-free number and customer service call center, with representatives available to assist 16 hours a day on business days
  • Single-account access to all three plans
  • A streamlined process for managing your money
  • Timely transfers between investment options (same day, subject to daily deadlines)
  • A consolidated quarterly statement

A representative from Fidelity will be conducting the following employee information meetings to provide details and answer questions:

  • Wednesday, June 15, Building 66 Auditorium
    One-hour sessions beginning at 9:30 a.m., 11:30 a.m., 2 p.m., and 4 p.m.
  • Wednesday, July 7, Building 66 Auditorium (note location change)
    One-hour sessions beginning at 9 a.m., 11 a.m., and 1 p.m.

Employees can also make an appointment for a one-on-one counseling meeting with LBNL's Fidelity Representative for the following days:

Friday, June 17
Thursday, July 7
Friday, July 8
Wednesday, August 9
Wednesday, September 14
Wednesday, October 19
Wednesday, November 9
Wednesday, December 1

All one-on-one appointments are held in Building 939, Room 202. To schedule an appointment, call (800) 642-7131.

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