Fiat Chrysler Automobiles (FCA) has announced a change that will impact the Self-Direct Brokerage (SDB) account within the FCA US LLC Salaried Employees’ Savings Plan and the FCA US LLC UAW Savings Plan (“the Plans”).
Effective June 7, 2017, the BIF Money Fund will no longer be available as a cash sweep investment option in the Plans. If you do nothing, the assets currently held in the exiting fund will automatically transfer to a target-date fund in the Plans core investment menu. There will also be a blackout period associated with the removal of this fund.
To discuss this important change to the FCA 401(k) plans and how to allocate your portfolio in light of the reduced fund line-up, do not hesitate to contact Mainstay toll-free at 1-866-444-6246.