University of Louisville Retirement Savings Plan Fund Modernization Guide

This guide outlines the upcoming changes to the University of Louisville Retirement Savings Plans, specifically the modernization of investment fund options. Effective March 24, 2025, the plans will introduce a streamlined investment lineup designed to simplify decision-making for participants. The guide details that new investment funds will be offered, and the number of choices will be reduced to approximately 20 funds per recordkeeper. Additionally, a self-directed brokerage option will be available, allowing participants to access thousands of mutual funds from various investment managers. The document specifies that there will be no changes to the plan's design, employee eligibility rules, or contribution amounts. Participants are encouraged to review how these changes may affect their investments and are provided with key dates for a special investment election period from March 24 to April 15, 2025, during which they can make changes to their investment selections. The guide also includes contact information for assistance.