The State of Michigan has announced investment option changes for the State of Michigan 401(k) and 457 plans.
Effective January 10, 2014 Jennison Large Cap Growth Fund will replace Rainier Large Cap Growth Fund and Vanguard Emerging Markets Index Fund will replace SSgA Emerging Markets fund. These new investment options will provide similar investment strategies and risks, but the overall expenses for the investment options will be lower.
All balances and future contributions will be automatically transferred to the new finds and balances in those new funds will be available to trade on January 13, 2014.