The latest work-life information at IU
No. 56
February 2012


University Human Resources
hr.iu.edu
Informed Employee

IU Announces Fidelity K Shares for IU-sponsored Retirement Plans

Effective March 7, 2012, the share class of 37 Fidelity investment options offered through IU-sponsored retirement plans will transition to Fidelity's K Share class. The K share class offers the same investment strategy and risk, but the overall expenses are lower. Listed below are some highlights of the Fidelity investment funds that will transition to K shares.

Note: The expense ratio is the annual operating expense for managing an investment fund. Lowering the expense ratio lowers the expenses for an investor.

Fund Name Current
Expense Ratio
K Share
Expense Ratio
Fidelity Blue Chip Growth .94% .75%
Fidelity Freedom Fund 2030 .75% .61%
Fidelity Mid-Cap Stock Fund .61% .42%
Fidelity Puritan Fund .60% .47%
Fidelity Dividend Growth Fund .93% .77%

See the full list of funds at hr.iu.edu/benefits/Fidelity_K_shares.pdf.

 


Annual Review

At least annually, it is recommended that retirement plan participants do the following:

  1. Review beneficiary designations at PERF, Fidelity or TIAA-CREF by logging into the account or by calling the retirement services company.
  2. Ensure home address is current in One Start.
  3. Schedule an appointment with a TIAA-CREF and/or Fidelity counselor for an investment review.
TIAA CREF 800-842-2776 enroll.tiaa-cref.org/indiana/
Fidelity 800-343-0860 www.mysavingsatwork.com/atwork/iu.htm
PERF 888-526-1687 www.in.gov/inprs/

 


Web Wise: Updated IU Benefits Video

hr.iu.edu/benefitsvideo

University Human Resources' web-based video for IU's employee benefits program is being updated for 2012 with availability in February. Of particular interest to medical plan participants are the following:

The video provides a high level of service and detailed information about these benefit plans and programs:

 

 

 

UHRS

Page updated: 21 February 2012
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