What's Changing and Why?

On September 1, 2018, MetLife and Voya will no longer be available vendors in the LSU Supplemental 403(b) Plan.

• Contributions directed to MetLife or Voya will end with the last payroll in August.
• Those with a MetLife or Voya contribution only will need to enroll via MyRetirementManager.com. Through My Retirement Manager, you may elect to enroll with one of the available providers: Fidelity, TIAA and VALIC. Your contributions will be effective with the first payroll following your enrollment. Please note that you can change your contributions to any desired allocations as soon as the new funds are available.
• If you have balances with MetLife or Voya they will remain unless you initiate an individual transfer to an available vendor(s): Fidelity, TIAA and VALIC.

A new investment option lineup will be offered at Fidelity, TIAA and VALIC.

• Many of the current investment options will no longer be available. As a result, all eligible existing balances and future contributions will be transferred to a Vanguard Institutional Target Date Fund.
• Review the investment options that will be available in the LSU Supplemental 403(b) Plan. The investments chosen provide lower overall investment fees and expenses and will continue to be monitored by the LSU Benefits Administration.
• Representatives from Fidelity, TIAA and VALIC will be available to help you with these changes. To view a schedule of events visit netbenefits.com/LSU.

Below are the the new recordkeeping fees and average investment management costs*.

Prior to 9/5/18 Average Recordkeeping & Investment Management Cost 0.93%

*Unweighted average.

Why is LSU making these changes?

The changes will result in lower costs to you, as a participant, which means improved retirement savings in your accounts. In addition, the changes will help in making the selection of your investment choices easier.

Questions?

To learn about the plan, enroll on-line, or schedule a one-on-one appointment with a licensed representative. Visit your chosen provider's website.

• Fidelity Investments
• TIAA
• VALIC Retirement Services Company

Here is what you need to do

• Review all the Investments available to you.
• Understand how your current investment options will move to the new investment lineup.
• If you are not already participating in the LSU 403(b) Supplemental Retirement Plan, now is a good time to enroll.

Key Dates You'll Want To Know

Investments Options

The new investment option lineup will be available on September 5, 2018. The investment options in your LSU 403(b) Plan gives you a choice of investments that cover the major asset investment classes: stocks, bonds, and short-term investments. The investment options also give you the flexibility to build your own strategy to help meet your needs.

The investments listed below will become your total offering of available investment options in the LSU 403(b) Plan at each investment vendor. This means these options will be the only available investment options going forward.

Click HERELog In Required for performance results of the available investment options.

When the market closes (generally 3 p.m. Central time) on September 4, 2018, many investment options currently offered through the LSU 403(b) Plan will no longer be available. As a result, all eligible existing balances and future contributions to investment options that are no longer offered will be mapped to a Vanguard Institutional Target Date Fund. See the Target Date Fund Age Chart for details. Please make sure to carefully review this information and contact your chosen vendor with questions.

Target Date Fund Age Chart

Your contributions and eligible existing balances in the closing funds will be mapped to a Vanguard Institutional Target Date Fund. LSU has chosen the Vanguard Institutional Target Date Fund based on your date of birth and the assumption that you will retire at age 65. Simply find your date of birth range in the following chart to determine which Vanguard Institutional Target Date Fund your contributions and eligible existing balances in the closing funds at Fidelity, TIAA and VALIC will be directed.

Vanguard Institutional Target Date Funds are designed for investors expecting to retire around the year indicated in each fund. The funds gradually become more conservative over time, with a corresponding change in investment risk. They are subject to the volatility of the financial markets, including that of equity and fixed income investments in the U.S. and abroad, and may be subject to risks associated with investing in high-yield, small-cap, commodity-related, and foreign securities. Principal invested is not guaranteed at any time, including at or after the funds’ target dates. For more information on the Vanguard Institutional Target Date Funds, log on to your vendors website.