Upcoming Fund Changes
As total assets in Ohio DC grow, lower-costing investment options become available. We plan to make changes to our LifePath Portfolios on February 23, 2018. We will move LifePath investors from the L share class to the N share class. We will send a letter to the affected investors explaining the share class change and documenting the number of shares owned in the L share class.
The LifePath investment strategies will stay the same, but the fees will be different–lower by 0.03 percent. Ohio DC LifePath investors will save a cumulative $550,000 annually in the new L share class.
To help process the required fund exchanges, participants invested in these funds should make any of their own planned exchange requests before 4 p.m. ET on February 22.