Allison Transmission has announced fund changes that impact the Allison Transmission Salaried Employee Retirement Savings Plan and Allison Transmission Hourly Employee Savings Plan (“the Plans”). Effective February 5, 2016, one fund will be added as an investment option to the plan and several funds will close and be removed.
Balances in the closing funds will automatically transfer to existing funds in the plan unless directed elsewhere by the participant.
Two funds will also change share class on February 5, 2016. As a result of the share class changes, the fund codes and ticker symbols will also change. For each fund, the new share class will offer the same investment strategy and risk, but will have a lower overall expense.
To discuss these important changes to the Allison 401(k) plans and how to allocate your portfolio in light of the new fund lineup, do not hesitate to contact Mainstay toll-free at 1‑866‑444‑6246.