What was accomplished
What this means for you
Keep your momentum going
We’re here to support you
As part of the recently completed investment lineup enhancements, three new funds, and a new Target Date series were added to the Plan 2025. These funds are designed to provide broader diversification, potential cost efficiencies, and strong long term investment options.
Small Mid Cap Fund
This actively managed fund seeks long term capital appreciation by investing in a select group of U.S. companies across the small and mid capitalization segments. It replaces the former Small Cap Fund and Mid Cap Fund, offering a more integrated approach to this portion of the market.
Small Mid Cap Index Fund
This passively managed fund seeks to match the price and yield performance of its underlying index, before fees and expenses. It replaces the Small Cap Index Fund and Mid Cap Index Fund, providing indexed exposure across both market segments in a single option.
Stable Value Fund
The Stable Value Fund is designed to help preserve capital while providing steady returns through interest income. It invests primarily in high quality fixed income securities and insurance contracts, offering stability and liquidity for participants seeking a lower risk investment option.
Target Date Funds
Savings Plus Target Date Funds were replaced with State Street Target Date Funds. You can learn more about the State Street target date funds by reviewing the fund fact sheet.
If you held assets in a Savings Plus Target Date Fund prior to the investment lineup update, those assets were automatically transitioned on December 19, 2025 to the corresponding State Street Target Retirement Fund with the same target retirement year. This transition was completed seamlessly to maintain continuity in your investment strategy while aligning with the Plan’s enhanced target date fund structure.
| Previous fund | Receiving fund |
|---|---|
| Savings Plus Target Date Fund 2065 | State Street Target Retirement 2065 |
| Savings Plus Target Date Fund 2060 | State Street Target Retirement 2060 |
| Savings Plus Target Date Fund 2055 | State Street Target Retirement 2055 |
| Savings Plus Target Date Fund 2050 | State Street Target Retirement 2050 |
| Savings Plus Target Date Fund 2045 | State Street Target Retirement 2045 |
| Savings Plus Target Date Fund 2040 | State Street Target Retirement 2040 |
| Savings Plus Target Date Fund 2035 | State Street Target Retirement 2035 |
| Savings Plus Target Date Fund 2030 | State Street Target Retirement 2030 |
| Savings Plus Target Date Fund 2025 | State Street Target Retirement 2025 |
| Savings Plus Target Date Fund 2020 | State Street Target Retirement Income |
| Savings Plus Target Date Income Fund | State Street Target Retirement Income |
If you previously had assets invested in the Short Term Investment Fund, those assets were automatically transferred on December 19, 2025 to an age appropriate State Street Target Retirement Fund, based on your age at the time of the transition.
This change helped align assets with a diversified, long term investment approach while keeping participants on track toward retirement.
| Age range | Receiving fund |
|---|---|
| 0–18 | State Street Target Retirement 2070 |
| 19–23 | State Street Target Retirement 2065 |
| 24–28 | State Street Target Retirement 2060 |
| 29–33 | State Street Target Retirement 2055 |
| 34–38 | State Street Target Retirement 2050 |
| 39–41 | State Street Target Retirement 2045 |
| 42–46 | State Street Target Retirement 2040 |
| 47–51 | State Street Target Retirement 2035 |
| 52–56 | State Street Target Retirement 2030 |
| 57–61 | State Street Target Retirement 2025 |
| 62 and older | State Street Target Retirement Income |
If you held assets in certain equity funds prior to the update, those assets were automatically transitioned on December 19, 2025, as shown below. This process helped maintain continuity in your investment strategy while aligning with the updated lineup.
| Current fund | Receiving fund |
|---|---|
| Small Cap Fund | Small Mid Cap Fund |
| Mid Cap Fund | Small Mid Cap Fund |
| Small Cap Index Fund | Small Mid Cap Index Fund |
| Mid Cap Index Fund | Small Mid Cap Index Fund |
| Large Cap Fund | Large Cap Index Fund |
If you held assets in the Diversified Real Return Fund, those assets were automatically transferred on December 19, 2025 into an age appropriate State Street Target Retirement Fund, based on your year of birth. This mapping helped align your investment with a professionally diversified, long term glide path.
| Birth year range | Receiving fund |
|---|---|
| 2006 and later | State Street Target Retirement 2065 |
| 2001–2005 | State Street Target Retirement 2065 |
| 1996–2000 | State Street Target Retirement 2060 |
| 1991–1995 | State Street Target Retirement 2055 |
| 1986–1990 | State Street Target Retirement 2050 |
| 1981–1985 | State Street Target Retirement 2045 |
| 1976–1980 | State Street Target Retirement 2040 |
| 1971–1975 | State Street Target Retirement 2035 |
| 1966–1970 | State Street Target Retirement 2030 |
| 1961–1965 | State Street Target Retirement 2025 |
| 1960 and earlier | State Street Target Retirement – Income |
If you held assets in the Short Term Investment Fund – PST, those assets were automatically transferred on December 19, 2025 to the new Stable Value Fund – PST. This transition provided continued access to a capital preservation focused investment option.
No action is required. All fund mapping was completed automatically, and your investments are already reflected in the updated lineup. If you were invested in a fund that was closed or removed, your assets were transferred to a corresponding investment option selected by the Plan.
Your future contribution elections were also updated automatically. Contributions are now directed to the corresponding investment options in the new lineup, ensuring a seamless transition without requiring any action from you.
The Plan regularly reviews its investment structure to ensure it continues to support participants’ retirement goals. These enhancements were made to streamline the lineup, improve diversification, and — where possible — offer lower cost investment options that align with industry best practices and fiduciary standards.
No. The fund mapping and investment lineup updates were completed automatically, and no fees were charged as part of this process.
The updated investment lineup is designed to support long term growth and diversification. While investment performance will vary over time, these changes provide a strong foundation for your retirement strategy. You may review or adjust your investments at any time to ensure they continue to reflect your goals and risk tolerance.
No. These updates are not a reaction to short term market conditions. They are part of the Plan’s ongoing review process to maintain a high quality, well structured investment lineup that supports long term retirement success, regardless of market fluctuations.
Helpful resources:
If you have questions or would like help reviewing your retirement strategy, support is available. You can contact Savings Plus Solutions Center or schedule an appointment with the Retirement Resource Group® for personalized guidance.