The TVA 401K share class changes scheduled for December 4, 2013 have been delayed to February 5, 2014. At that time, the share classes of 16 investment options are scheduled to change. As a result, the fund codes, ticker symbols, and expense ratios will change. The new share classes will offer you the same investment strategies and risks, but the overall expenses will be lower. The transfers of balances will appear as exchanges on your account history and quarterly statement. You may also receive prospectuses as a result of these transactions.
Click here to see the October 2013 letter from Fidelity explaining the changes and which funds will be affected.
Except for possibly having to update your rebalance elections if you use that feature (see below), you do not need to do anything if you are satisfied with how your current investment elections will be modified. However, if you would like to request changes to your account, obtain additional information, or find answers to questions, please log on to Fidelity NetBenefits® at www.fidelity.com/atwork or call 1-800-354-7121, Monday through Friday, between 8:00 a.m. and midnight Eastern Time Zone.
If you are currently using the Automatic Rebalance feature offered through your plan, you may need to update your rebalance elections given the changes to the plan lineup. Fidelity is not able to adjust your rebalance elections to reflect the upcoming plan-directed fund reallocation changes. As a result, your Automatic Rebalance elections will not occur as scheduled if you have a current investment option that will no longer be offered.
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